What is HVUT? A Truckers’ Guide to Heavy Vehicle Use Tax
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Heavier vehicles, such as trucks and commercial transporters, are subject to higher taxes because of their significant impact on road ... Read More
IRS Form 2290 Deadlines: Everything You Need to Know for the 2024–2025 Tax Year
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Form 2290, the Heavy Highway Vehicle Use Tax Return, is mandatory for vehicles with a gross weight of 55,000 pounds ... Read More
The Importance of IRS Form 2290 for Truckers: A Simplified Guide
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Truckers are the backbone of the American economy, keeping goods moving across the country and ensuring that businesses and consumers ... Read More
Best Practices for Managing Trucking Expenses Throughout the Year
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The current economic climate is characterized by fluctuating fuel prices, increased insurance premiums, and heightened competition. With thin margins defining ... Read More
How to Avoid Common Tax Filing Errors for Truckers
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Professional truck drivers face a complicated financial environment that involves a range of expenses, deductions, and income streams that are ... Read More
Exploring the IFTA Tax: What it is, Filing Process, and Rates
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IFTA tax stands for International Fuel Tax Agreement. But what is this tax and why do commercial fleets need to ... Read More
Understanding Excise Taxes in the Trucking Industry
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It’s hard to overstate the importance of understanding taxes for truckers. Truck drivers play a crucial role in keeping the ... Read More
Navigating State-by-State Trucking Tax Laws
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Truck drivers, whether operating as independent contractors or employed by a trucking company, have unique tax considerations that must be ... Read More
Top 5 Mistakes to Avoid When Filing Your HVUT
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When filing the Heavy Vehicle Use Tax (HVUT) Form 2290, there are several common errors that taxpayers might encounter. These ... Read More
Understanding Per Diem Tax Deductions for Truck Drivers
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The Internal Revenue Service (IRS) allows truck drivers to claim a per diem deduction to cover the cost of meals ... Read More