If you are not absolutely certain that you are entering all the information correctly, you should partner with a tax professional experienced in...
If you are claiming the per diem, and you should if you can, make certain you have copies of your log books to substantiate the full and partial...
Retail tax software does a fine job of calculating your return based on the numbers you enter, and the interview format does make it deceptively...
You should be able to claim it as an unreimbursed employee expense on Schedule A, Line 21, subject to the 2% AGI floor, and assuming you itemize...
Owner Ops refer to their take home pay in much the same way any wage earner does, except they do not have ANY taxes withheld. Even a regular...
You get what you pay for. The cheapest is not always the best, and most people are much better off in the long run at least paying a business...
An properly structured LLC, S Corp., or even a C Corp. is absolutely essential once you begin hiring drivers and assuming all the additional...
Utilizing company per diem programs also eliminates the paperwork retention requirements you otherwise have to follow. One of my clients just got...
Tax jurisdictions are very aggressive about collecting back taxes owed. Penalties and interest keep accumulating, until the balances get...
Cheapest is not always better, and a very large refund means your withholding allowances need to be adjusted. Individual tax circumstances vary...
You probably want to avoid the "chain" tax preparation companies, and instead go with a tax professional with specialized knowledge of the various...
It keeps me in business, so no complaints here.
All good. Nothing is constant with the IRS except change.
You do actually need an EIN, as the IRS will not allow you to use your SSN, even if you are a sole proprietor. You can file IRS Form SS-4, or go...
