Five Basic Trucker Tax Strategies
After April 15th, we find ourselves in the perfect time to re-assess where your company's tax strategy is taking you.
For many, these are "training wheels" suggestions (i.e., your issues are much more complex, and a deeper dive is necessary), but even for well-established drivers or small fleets, it might make sense to take a look at ...
1) Basic deduction-taking
A quick example that comes to mind -- claiming your home office. Yes, it can be an audit "red flag", but that's only if you don't claim it properly. It's just one of the many great tax breaks available in the code, that aren't terribly complicated but that a good professional (like us!) can easily ensure is getting taken in the most effective and ethical way.
We here at eTruckerTax created our very own "Trucker Checklist" to make sure that you get the write offs that the "corner" tax-prep store doesn't even know about.