PIB TIP: KEEP GOOD RECORDS. You should keep all re

PIB TIP: KEEP GOOD RECORDS. You should keep all records that support every deduction you claim on your tax return, starting with your log book for per diem deductions. Save and label expense receipts, maintain an expense log and sort it all at the end of every run to show when, where and what you bought and how much you paid. The more specific you can be, the better. Doing so protects from audits and penalties. The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services firm, and is sponsored by Freightliner Trucks.

The Business Manual for Owner-Operators
Overdrive editors and ATBS present the industry’s best manual for prospective and committed owner-operators. You’ll find exceptional depth on many issues in the Partners in Business book, updated annually.
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