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Trucker Taxes Discuss taxes specifically related to truckers and the trucking industry here. Owner Operators have some hard decisions when it comes to tax time, but so do company truck drivers. Give us your hints here! STOP Uncle Sam from ravaging your wallet.

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Old 02.21.2008
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Originally Posted by twinturbotrans View Post
i thought they dont file in CANADA???? they have IRS in CANADA too???
Companies that do business in the US have filing requirements with the IRS to some extent. I would have to do some further reading to find the exact limitations.

Canada has their own income tax and government filings. The computers would be able to cross link to some extent.

Now, as far as you go, whether you receive a 1099 or not is not the point of declaring income. You are required by law to report any and all income.
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  ^ Top   #12  
Old 02.25.2008
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tax time
I usually trow all of my recites in a box and let the tax lady take it from there.I use HR block i have yet too be audited
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Old 02.25.2008
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Originally Posted by truckstopcowboy View Post
I usually trow all of my recites in a box and let the tax lady take it from there.I use HR block i have yet too be audited

Very possible. However, the majority of inhouse reviews are processed without any contact with the taxpayer.
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Old 03.09.2008
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update
so we did our taxes... we owe just little over 6k to state and Federal the good news is we were able to write off more stuff like mileage that was a big chunk....taxlady said i could write off any business related miles....business trips inc... Also com.check fees almost 6k only in com.check fees eventhough we were able to write that off this year im going to try not to use as many advances and put that in a business savings..We've paid taxlady 180$ which was very reasonable i thought for sitting there for 2hours and another good thing is she set us up to pay tax quarterly this year which i think is gonna make it a lot easier next time we gonna visit her.
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