Set up an LLC/S Corp. Pay yourself a reasonable salary, do the withholding on a weekly, biweekly or monthly basis. What we usually do is forecast...
The IRS offered early retirement and more employees took it than they planned. So they had to hire but these new hires aren't well-versed in tax...
There is some pressure to make some adjustments to the tax bill, although I don't see many taking action until they file their taxes and see what...
There is a party who would like to render Unions completely useless. Non-deductibility of union dues is part of their strategy. Laughing called...
But if you were formerly able to deduct perdiems as an employee and now you can't, it increases your taxable income. It's not just truckdrivers...
No deception intended whatsoever. I do not give "shady" advice at all. Sorry if you feel that way, but you seem to be quite critical and negative....
It's not criminal at all. Owner/Operators receiving 1099s will still be able to deduct their expenses, employees will not. It simply takes...
There are many sleazy trucking outfits out there taking advantage of truckers. Be careful!
Do not play games with your tax return unless you want it to come back and bite you on the ###!
Exemptions are going away starting 2018 anyways. Set up LLC w/S election. Pay yourself enough to cover taxes through required payroll. Contribute...
The term “reasonable” is deliberately ambiguous. “Reasonable” for a trucker given your cash flow needs. Many of my truckers just pay themselves...
Can you get them to pay you on a 1099 instead of a W2? That increase in standard deduction is nothing but a shell game. They took away exemptions...
Schedule Cs get audited more frequently than S Corps, in my experience. In an S election, you are expected to pay yourself a reasonable salary,...
