The investigation and lockdown of its headquarters apparently "revolve around the application of rebates to a small group of Piilot Flying J trucking company customers," Pilot says.
The transportation funding bill that governs this annual tax on vehicles expires Sept. 30, forcing the agency to wait on the new law.
The impending rule would require companies to file a Form 1099 on every business with which they spend at least $600 a year.
If Congress doesn’t extend the tax cuts, in effect raising taxes for 2011, it will make more sense to defer expenses into 2011 and accelerate income into 2010.
A long erosion of the traditional owner-operator model has taken place.
The deadline to file the federal Heavy Vehicle Use Tax, Form 2290, is Aug. 31.
U.S. and state officials have investigated misclassification in recent years, with industries such as trucking and construction drawing more scrutiny.
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