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| Truckers' Trucking Forum/Message Board - The Premiere Truck Driver Forum | |||||
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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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03.03.2009
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| settlement & fuel When leased on to a company they automaticlly take the fuel that i used out of my settlement. so my ? is should i include the fuel i used when deducting my taxes from my weekly settlement?  |
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03.07.2009
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| Quote:
Alot of the companies only provide a 1099 that reflects the income after the fuel and maintenance is deducted. |
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06.27.2009
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| hmmm so leaseing on is good as long as they,pay and do your taxes every3 mths so if i make 10 grand for the mthxxxxx keeping my fingers crosed,and iv got my llc in order have moneys deducted,for taxes right whats the % i should keep to the side????? |
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06.29.2009
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If you're doing your quarterly taxes,, You probably got Advances to use for Fuel. You deduct the amount of fuel you paid out, for the reason you don't pay taxes on the fuel. Fuel is not considered as income,but rather an expense.. |
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