taxes

I took a job (driving for a very small Ontario company doing primarily all cross border long haul), only to find out i was being paid as an independant contractor. Now I have to file my 2019 taxes and I have no idea what to do about claiming meals etc.. Is there a way to claim a certain flat...

The United States Court of Appeals for the First Circuit reversed a lower court’s decision to dismiss the American Trucking Associations’ case against Rhode Island for its truck-only tolls after the state invoked the Tax Injunction Act. The reversal allows ATA to proceed with its lawsuit. At...

It was hard to submit the credit card to pay somebody to do this, but it was time for it to happen. Beginning the depreciation of the truck this year, possibly going into another depreciation in the next 12 months for a trailer, and looking at incorporation within two more years. It was time to...

Does any owner operators cheat a little on there tax return I am a 1099 tell me some secrets that I don't know

Don’t kick the can down the road again on infrastructure funding — increase fuel taxes now — the AAA, the American Trucking Associations and the U.S. Chamber of Commerce told members of Congress in a joint letter Jan. 26. Noting that neglected roads and bridges cost the average driver $324 each...

Do you use a tax preparation firm like TAS to do your taxes. The TAS web has lots of help. I am not an O/O at this time...but. How do you do your taxes for a company driver? Any ideas/recommendations?

The state Taxation and Revenue Department says it wants to make sure trucking companies that operate in New Mexico are paying their fair share of taxes. State officials say they will begin an enhanced compliance and collection effort Feb. 16. The effort will include additional personnel at...