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About Tax Map

Publication 595
Tax Highlights for Commercial Fishermen
(Rev 11/2004)
Introduction, Useful Items and Important Changes.

What Is Gross Income From Fishing?

Which Fishing Expenses Can You Deduct?

Depreciation
Travel and Transportation

What Forms Must You File?

Schedule C (Form 1040)
Schedule SE (Form 1040)
Form 1099–MISC
Employment Tax Forms

When Do Fishermen Pay Estimated Tax and File Tax Returns?

General Rule for Making Estimated Tax Payments
What Is Gross Income?
Percentage From Fishing
Due Dates for Qualified Fishermen
Due Dates for Nonqualified Fishermen
Estimated Tax Penalty for 2003
Other Filing Information for 2003

What Is the Capital Construction Fund?

CCF Accounts
Types of Accounts You Must Maintain Within a CCF
Tax Treatment of CCF Deposits
Tax Treatment of CCF Earnings
Tax Treatment of CCF Withdrawals
More Information

How Do You Claim Fuel Tax Credits and Refunds?

Nontaxable Uses
How To Claim a Credit or Refund
How To Buy Fuel Tax Free

Schedule C Example

Schedule C (Form 1040)

How To Get Tax Help