0 results displayed below

Where is my 1099?

Many professional truck drivers choose to contract their services to carriers and fleets. The 1099 is a tax form which allows the IRS to track any payment given by a company to independent contractors for their services.

Read full story

Tax Moves for Truckers to Make Before Year End

2018 is coming to an end which means it’s time to make sure you have minimized your tax bill for the year. Due to the many recent changes in the tax code, it’s important that you are informed of how your taxes will be affected as a truck driver. There are many things you can begin doing now to make filing your tax return as easy as possible and reduce the amount you owe. Let’s take a look at a few of the most important tax moves to make before 2018 comes to an end.

 

Read full story

How to Choose a Tax Preparer for Truckers

The last thing any trucker wants to think about is filing their taxes or wondering if they have found a good tax preparer who knows specifically about trucking taxes. But it’s better to conduct this search as early as possible. The closer you get to tax day, the harder it is to find a quality tax preparer.

Read full story

Understanding the Child Tax Credit

The Child Tax Credit Under the Tax Cuts & Jobs Act (TCJA) has changed dramatically. However, since we’re dealing with the IRS here, the details of this credit can be a little difficult to figure out. Here is what you need to know about both the child tax credit and the additional child tax credit so that you can maximize your allowable tax credit.

Read full story

Saving for Retirement Using the Saver’s Tax Credit

What is the Saver's Tax Credit? Did you know that you can start using this tax credit to save up for your retirement? Learn more about it.

Read full story

Managing an Over the Road Trucking Company

When you have your own trucking authority, you are just as much of a business owner as you are a truck driver. There is a lot more to manage that you previously didn’t have to as a company driver. Let’s take a look at a few of the major responsibilities that come with being an owner-operator managing your own over the road trucking company.

 

Read full story

The Scariest Thing This Halloween: Back Taxes

As creepy as vampires, werewolves, and zombies are this Halloween; nothing compares to the fear of finding an IRS letter in the mailbox. Dealing with back taxes and the IRS can be scary at first, but if you follow the right steps you can find your way out of the dark!

Read full story

Seizing the Per Diem Tax Break

Per Diem (per day) is one of your largest tax deductions as an owner-operator, but what is it exactly?  And what benefits can you expect?  We address these questions and more in this article.

Read full story

Top 20 Reasons to Be an Owner-Operator

With a booming trucking industry, many drivers consider becoming an owner-operator. Some do it for the right reasons and others do it for the wrong reasons. Here is what we think are the top 20 right reasons to become an owner-operator!

Read full story
Loading

KEEP YOUR BUSINESS BETWEEN THE LINES WITH USEFUL INFORMATION SENT RIGHT TO YOUR INBOX.

Sign Me Up