Truckers Tax Debt Relief
Trucker Estimated Quarterly Tax Payments: If you are an owner-operator, paying taxes is a big change from the days when taxes were withheld from your paycheck as a company driver. It’s important to be diligent about how much money you set aside throughout the year. Technically you have the right to wait and pay your taxes once a year, but is it really worth it? When it comes to taxes, I’d rather take small steps towards doing it right than hand over more of my hard-earned money.
Per Diem Tax Deductions for Trucker Owner/Operators: Per Diem (per day) is one of your largest tax deductions as an owner-operator, but what is it exactly? In its simplest terms, the Per Diem deduction is a tax deduction that the IRS allows to substantiate ordinary and necessary business meal and incidental expenses paid or incurred while traveling away from home.
What is Truckers Form 2290? Form 2290 is also referred as Heavy Vehicle Used Tax or HVUT, Truck Tax and Highway Vehicle Tax. Heavy Highway Vehicle Use Tax Return or Form 2290 is a Federal Excise Tax imposed on vehicles operating in public highways with a gross weight of 55,000 pounds or more. Taxes are collected annually and are used for highway construction and maintenance