Help Needed Selling Truck and Trailer please

I am not just a truck driver. I have prepared returns professionally since the 80's.

 

Look at it this way;

As a sole proprietor there is no difference between you and the business. You ARE the business. The business IS you.

You are free to deposit and withdraw money from your business as you choose to and see fit.

As far as who the buyer makes the check out to ...... it doesn't matter as long as he gets a clear clean signed title to the vehicle.

The buyer can make payment to you OR to your business. Once he has a signed title the DMV does not care who he made the check out to.

Your bank probably does not care who the check is made out to either - as long as that person is listed as an account holder.

The IRS doesn't care who the check is made out to as long as the money is treated correctly at tax time.

Your mechanic is not going to care who pays him for the work - as long as he gets paid.

As a sole proprietor, the money is all yours. DBA doesn't matter because you are not a corporation the business is not seperate from you.


If you're in business, you should know this.


........... Jim

 

You have been told before.

You are not in business anymore. Why pay for this stuff? I told you when to cancel the IFTA. You are not planning to restart the business are you?

You do not need authority or ifta for someone to test drive the truck. Unless of course, you are going to let them get a load and head to deliver it in another state.

 

You really need to talk to your agent.

You no longer need commercial insurance. Just bobtail.

When I cancelled my authority, it took only 1 call.