Income tax preparation, estimated tax payments, monthly financial statements, form 2290 filing heavy road use, retirement planning, etc. Since you own your trucking business, you are responsible for preparing your trucking companys tax return. Truckers tax tips and tax deductions for truck drivers. There is no need to separate the sales tax from anything you spend for parts and service. Call us and talk to a lawyer for a free consult with an attorney. I kept it by my side when filling out the form, and emulated the examples it gave. The irs allows truck drivers to deduct ordinary and necessary business expenses. Mar 01, 2012 easy bookkeeping software for usa truck drivers owner operators. Trucker tax service tts does nothing but service the truck driving industry. Just like rumble strips on the interstate help you coursecorrect and keep you safe, at atbs we help you coursecorrect your trucking business with owneroperator truck driver tax, bookkeeping, and accounting services. Tax preparation are you sick and tired of overpaying the irs year after year.
Understanding taxes and deductions for truck drivers. Transportation workers include airline pilots, overtheroad truck drivers, owneroperator truck drivers, railroad conductors, railroad signal men, mariners, and anyone else subject to hours of service regulations who directly moves people or goods by plane, train, barge, bus, truck, or ship and whose job requires the worker to travel away from home to areas with different federal per diem. Getting started with for income tax preparation is easy. Truck driver tax preparation understanding tax software. Find out what this means to you by downloading our ebook today. Tax tips for truck drivers how do owneroperators file taxes. The correct rate for truck drivers for the 2012 tax year is 59. For truck drivers, using tax software should be carefully weighed because truckers face a number of tax issues that may be better handled by a trucking tax specialist. Tax laws change periodically, so we encourage you to consult your tax professional to find out how to. Here are some examples of average income tax preparation prices from an. Trucker tax services, accounting for truckers, trucking. So my husband is a company truck driver he is otr keeps log books but isnt out over night.
Obtain fein federal tax id number, required prior to obtaining authority scac codes new and annual renewals. Trucker tax service tts is a nationwide company servicing the truck driving community with experts who provide a fast and secure method for tts to track and. How to choose a tax preparer for truckers truckingoffice. Compare the two, making any adjustments for a change in your tax liability, and see if he is having too much tax withheld. Blattner accounting services offers tax preparation and tax consultation services for individuals and businesses in the pueblo, co area. Contact us today for all of your trucker accounting, bookkeeping, registration, permitting, and trucking tax preparation and tax filing needs. Trucking bookkeeping total truck support offers bookkeeping for truckers. Owner operator and company drivers alike can lower their tax liability by creating a truck driver tax deductions worksheet that includes all of the expenses you incur in the course of doing business. My last preparer had office personnel misplace documents and they had to hire new people. And if your records are incomplete or in bad shape, no worries ask how we can help. Equinox business solutions are tax and bookkeeping experts.
If youre married, tts will file a joint return for you and your spouse. I need a trucking tax preparer for past and present years. For example, the tax home of a driver usually is where they begin and end a trip, even if they live somewhere else. Trucker tax service, trucker cpa, trucker tax services trucker cpa tax accountant for truck drivers helping independent owneroperators save money on income taxes. We will file all of your applicable state and federal taxes. Equinox business solutions specializes in tax preparation for truck drivers. It is simple, inexpensive, and it saves you hours of headaches trying to tally up all of your deductible, and other expenses for accounting and tax purposes. Income tax services for truckers tax preparation our services. Tax preparation for truck drivers and independent contractors. Total truck support takes pride in knowing trucking industry tax laws front to back and how they apply to your business. Truckers accounting service firm exclusively serves accounting and tax needs of overtheroad truckers. Income tax services for truckers transportation workers include airline pilots, overtheroad truck drivers, owneroperator truck drivers, railroad conductors, railroad signal men, mariners, and anyone else read more. The per diem rate change took effect during the 2010 tax year.
I bought jody blazeks irs form 1023 tax preparation guide to help me through the maze of filling out the recentlyrevised applicaiton form for obtaining 501c3 tax exempt status. Simplifies recordkeeping for track loads, manage customers, create invoices and more. Dilley cpa, ltd, truckers tax returns has been helping truckers save money on taxes since 2008. This can vary even on an individual level, but some expenses are generally accepted.
Fill out our truckers ez tax checklist and send it back to us. Truck drivers looking for a tax or accounting service that understands the trucking industry, look no further. The 10 best tax preparation services in san antonio, tx 2020. Learning how to file taxes as an owneroperator can be stressful on top of trying to run a successful trucking business. Trucker tax service tts exclusively serves the trucking industry, so they know exactly where to look to help you score big on your next tax return. Serving truck drivers with consulting, tax, and accounting services since 1998. For more trucking industry news, information and high paying trucking jobs, continue to visit for uptodate information and job postings. Our ceo, david dilley, has been a certified public accountant cpa since 1998. At trucker tax tools, we understand how important the transportation industry is to our countrys economy. Our tax preparation can be coupled with our cost effective truckers bookkeeping service to make sure you pay the least amount of income taxes based on taking all allowable deductions. You can separate the sales tax you paid on the purchase of the truck.
Extensive knowledge of the trucking industry allows us to maximize the deductions to which youre entitled. Effective tax preparation and planning can help you to minimize your future tax liability. Dozens of truckers have told us that just using our checklist paid for the cost of preparation several times over. Rigbooks recently talked to david dilley, whos been a cpa for more than 16 years and who specializes in trucking accounting and taxes. Pbs tax trucker tax service, trucker cpa, trucker tax. With years of experience, let our highly experienced tax preparers simplify your income taxes. I drive a truck for a living and have a question about truck driver taxes. David has worked in the trucking industry since 2002.
The truckers ez tax checklist will help you easily summarize your trucking expenses and ensure you get every deduction legally possible. Trucker tax services tax preparation for transportation. Trucker tax service, trucker cpa, trucker tax services trucker. Transportation workers include airline pilots, overtheroad truck drivers. Anyone who has registered or is required to register a heavy highway motor vehicle with a taxable gross weight of 55,000 pounds or more in their name at the time of first use on the public highways during the reporting period must file form 2290, heavy highway vehicle use tax return. Truckers tax returns accounting and tax preparation for.
We specialize in helping truckers and independent contractors in tax preparation, bookkeeping and general accounting duties to allow you to spend more time doing what you love. Easy bookkeeping software for usa truck drivers owner. Our total truck support team is dedicated to the service of the trucking industry and our trucking bookkeeping staff keeps up to date on tax changes and how they affect the truck driving industry. Stay organized and make informed financial choices that include more deductions with less hassle. Our accountants have comprehensive knowledge of the specific tax deductions that pertain to the trucking industry. You can always find a bookkeeper or accountant who works with trucking companies or owner operators. A trucking tax expert shares what you need to know before you file your returns. Every year, professional truck drivers search for tax deductions that they can claim when they file their income taxes.
When you are part of the trucking industry, every tax return is unique. Trucker tax service tts is a nationwide company servicing the truck driving community with experts who provide a fast and secure method for tts to track and file taxes for you drivers when on the road. This is the first article in a series on tax issues and tips for owneroperators and small trucking companies. The best trucking accounting software for owner operators in. Here are some examples of average income tax preparation prices from an enrolled agent. In this blog post, you will learn why you need a tax home, which tax forms to use, when to take deductions, and. Dennis literally wrote the book on dealing with irs issues. Not only do we offer trucking tax preparation services and trucking income tax filing, we. Throughout the year, you can contact one of our tax consultants any time you have questions.
Tax deduction list for owner operator truck drivers in 2019. Equinox business solutions tax preparation for truck. You dont have time to keep up with the daily accounting needs to run your business and keep the irs off your back. Income tax services for truckers transportation workers include airline pilots, overtheroad truck drivers, owneroperator truck drivers, railroad conductors, railroad signal men, mariners, and anyone else subject to hours of service regulations who directly moves people or goods by plane, train, barge, bus, truck, or ship and whose job. Tax preparation for truck drivers equinox business. We provide custom tailored accounting, tax, and transport advisory services to owneroperators, small fleet owners and large transporters on flat fee basis. A concise study guide for individual tax preparation. We promise to act as your personal accountant and take the worry out of tax preparation. I first started with my father when he was an agent for a major trucking company at the age of 18. Principal business or professional activity codes schedule c. Truck driver accounting software spreadsheet program from. Our monthly trucking bookkeeping services include an income and expense statement to provide you with an accurate picture of how your trucking business is doing.
We can help you proactively manage both your personal and your business tax issues, including understanding how upcoming business opportunities impact your tax status and vice versa. This is a zipped file so you will need to extract it. Our team understands that trucking is a lowmargin business, and firmly believes in finding tax solutions that enhances the business performance and creates efficiency. It is also important to know which expenses are deductible and which are not. Truck maintenance if you pay outofpocket for truck maintenance and supplies, you may be able to deduct these costs. You need trucking software designed for life on the road. Whether you are at home or on the road on your smartphone, tablet, or laptop, rigbooks makes it easy to stay profitable and be ready for tax time. Easy bookkeeping software for usa truck drivers owner operators. Irs trucker tax preparation owneroperator tax preparation. Tax software such as turbotax, taxcut, or taxact allow taxpayers to perpare their taxes online or via their local computer. A selfemployed truck drivers tax home may be at the headquarters where the trucking assignments are given out, even if that is far from where they live.
The best thing to do is to take a look at your tax return for last year and extrapolate how much withholding tax he will have at the end of this year. Free installation tech support and superior customer service. The following article is based on our talk with him. Just complete our ez tax checklist for truckers and well do the rest. Our bookkeeping services provides you with peace of mind while you are on the road. Keeping your trucking business between the lines for over 20 years. This course is the first step to becoming a tax professional in california.
Ctec 60 hour qualifying education qe california tax education council ctec leading provider of qualifying education qe for those interested in becoming a california registered tax preparer crtp. Atbs is comprised of business consulting, tax, and accounting professionals helping. Most tax preparers do not prepare the trucker for the shock that is coming in. Income tax services for truckers tax preparation our. Tax knowledge is important, but really understanding truck driver taxes is just as important. This is the truck driver accounting spreadsheet program. Tax tips for truck drivers how do owneroperators file. With our rumblestrip company driver services package, we will handle all of your tax preparation needs. Having owned two small businesses in the fast food and trucking industries, i have experience and perspective, both from the view of the small business owner and that of the accounting professional. Anyone who has registered or is required to register a heavy highway motor vehicle with a taxable gross weight of 55,000 pounds or more in their name at the time of first use on the public highways during the reporting period must file form 2290, heavy highway vehicle use tax return filing deadlines. Pbs tax truck books trucker tax service, trucker cpa, trucker. Commercial registered agent services with the nevada.