TRUCKING BLOG

Historically, the Internal Revenue Service has always seemed a little bit scary, slightly out of reach, and shrouded in a sense of...

Section 179 doesn’t increase the total amount you can deduct, but it allows you to get your entire depreciation deduction in one year, rather than taking it a little at a time over the term of an asset’s useful life. This is called first-year expensing or Section 179 expensing. (Expensing is an accounting term that means currently deducting a long-term asset.) Example In 2025, Bill buys a $25,000 van for his delivery business. Under the regular depreciation rules, Bill would

If you are a company driver, you probably receive a paycheck every two weeks. From that paycheck, certain payroll taxes are withheld....

Tax scams can happen any day of the year, but are especially prevalent during tax season. Criminals can attempt to steal your money or...

Here at ATBS, we wanted to provide an update for those who may have questions about the IRS Free File pilot program. If you haven’t...

The ATBS Hub makes working with us even easier! The ATBS Hub features several tools for viewing and analyzing your revenue, expenses, and...

1. Work With a Trucking Tax Professional Running a business is difficult. It’s even harder when you’re on the road driving all day. Having someone who can help you run the business side of trucking can be a big asset. Don’t work with just any accountant - work with tax professionals in the trucking industry. Learn More 2. Keep Your Accountant Updated If you’re working with a tax professional, make sure you’re keeping them updated throughout the year and not just at tax time.

Each year the IRS mails millions of notices and letters to taxpayers. Here are the top 10 tips to know in case you get one.

Despite being the primary system that all income-producing American adults must interact with, the IRS and taxes tend to be something we...

It can be scary, intimidating, overwhelming, and exhausting to address a tax debt that has gone untended for some time, or one that...

As an independent contractor, it's important to file your taxes on time to avoid penalties and interest charges. However, sometimes...

Download our complete "Tax Resolution Guide for Owner-Operators" by clicking here! Are you worried about your past-due taxes? If so, you’re not alone! IRS non-compliance is a major problem among independent contractors in the trucking industry, as well as virtually any industry where there are independent contractors. Why is it such a common problem? For truckers, there are a few reasons: No one teaches truckers about taxes before they become business owners Bookkeeping is h

The end of the year is quickly approaching, which means it’s time to start thinking about taxes.

If you’re an owner-operator truck driver, paying quarterly taxes can be a big change from the days when taxes were withheld from your...

Here is a list of the most commonly asked tax questions we've received from owner-operators, and our answers. 

There are many differences between W-2 and 1099 truck drivers. In this article, we'll talk about the main differences between the two,...

The Treasury Department and the IRS are beginning to warn taxpayers of possible delays during this year’s tax filing season, which begins...

What is IFTA? The International Fuel Tax Agreement (IFTA) is a pact between the lower 48 states and the ten Canadian provinces that...

You may have found yourself in a situation where you've completed your tax filing and realized that you missed something. If this sounds...

It is important to get your tax return to the IRS by the April 15th deadline. But what happens when meeting that deadline is just not possible? Filing an extension is a great option to avoid penalties and late fees. Each year nearly eight million Americans file for an extension on their taxes. This represents nearly eight percent of all taxpayers in the United States. It’s important to remember that just because you file a six-month extension it doesn’t mean you have an exten