taxes

Trump: ‘We want lower taxes, bigger paychecks for America’s truckers’

“No one knows America better than America’s truckers,” Trump told the crowd. He pressed for lower tax rates for individuals and businesses and a simpler filing system and spoke gushingly about trucking. "Nothing gets done in America without the hard-working men and women in the trucking industry," he said.

Read More

POLL: Have you ever been through an IFTA or IRP audit?

How commonly state auditors review IFTA and IRP records of owner-operators is not widely known -- what's been your experience with audits of your International Fuel Tax Agreement filing or International Registration Plan records?

Read More

Trump proposes tax cut for owner-operator businesses

It’s unclear how many single-truck owner-operator businesses would be affected by the tax cut, as many owner-operators already are in or below the 15 percent bracket.

Read More

More ELD questions answered by Wes Memphis

And: A word from reader Bob Glaves against the ELD mandate; Revisiting tax/per-diem strategies that can be short-sighted when it comes time to weighing the need for income at retirement.

Read More

In the per-diem weeds with company drivers

In which a reader asks a question about treatment of the standard per-diem deduction depending on how the carrier treats a standard reimbursement -- after-tax or pre-tax. Mike Calahan of ATBS provides the answer.

Read More

Two fuel-tax measures advancing through state legislatures

A proposal to hike the diesel tax in Tennessee by the governor is tempered by the state's congress, while Utah moves forward on a proposal to change the fuels tax there annually, figured as a percentage of the average price.

Read More

Tax-time resources from ATBS

With the April 15 annual federal tax filing deadline just around the corner, the owner-operator tax specialists with ATBS have embarked on a new series as of the end of February, pledging to dig into a new tax-related topic every Tuesday until tax day.

Read More

ATBS expands biz services offerings

The company’s new package, called RumbleStrip Essentials, offers tax consulting, state and federal tax returns, quarterly tax estimates, tax reconciliation, profit and loss statements, monthly bookkeeping and access to a secure online document portal.

Read More

Health-insurance exchanges open through Jan. for ‘Obamacare, round 4’

Affordable Care Act open enrollment is to purchase and change plans is open through January 31, 2017. The biggest issue this year include premium price increases and the need for many current policyholders to shop their plans due to the mass exodus of insurers from the exchanges.

Read More

NY to pay owner-operators $44 million in settlement over out-of-state fees

The state’s Supreme Court agreed earlier this year with OOIDA’s challenge that the registration and decal taxes in the state were unconstitutional and discriminatory against out-of-state truckers who drive mostly in other states. New York will soon refund truckers for the tax.

Read More