Category: Taxes
Tariffs often spark controversy across industries, and the trucking sector is no exception. While many focus on the immediate disruptions and rising costs, tariffs—especially those implemented during the Trump adminis
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Understanding Social Security for Trucking Business Owners
As a trucking business owner, Social Security strategy might seem like a distant concern, but the financial choices you make today can significantly impact y
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As a small business owner in the trucking industry, staying on top of your finances is crucial. However, dealing with IRS notices can be daunting and stressful. At Trucker CFO, we specialize in providing accounting, tax
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As a small business owner in the trucking industry, you know the importance of staying on top of your taxes. However, what happens if you suddenly discover a fraudulent tax return has been filed in your name? Dealing wi
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As the backbone of the American economy, small trucking businesses face unique challenges, especially in light of recent legislative changes. The IRS Funding Boost, part of the broader IRS Funding Act, aims to enhance t
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Navigating the maze of paying taxes online can often seem daunting. Whether you're an individual trying to manage estimated taxes or a business owner looking to settle your annual Form 1040, the complexity can be intimi
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The IRS Fresh Start Program has been a lifeline for countless taxpayers struggling with tax debt. While it may sound like a beacon of hope, it's essential to understand that this program isn't a magic wand that wipes aw
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Keeping What You Earn
Everyone wants to keep as much of their hard-earned money as possible, but taxes can make that a challenge. Knowing the basics and staying up to date on tax withholding regulations can help you
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If you're a truck driver or a fleet owner operating as an independent contractor, you are most likely familiar with the 1099 payment structure. As a self-employed individual, you are subject to the self-employment tax,
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Avoid a Costly Surprise
Don’t let the Q1 estimated tax deadline for 2023 surprise you. The deadline for making your Q1 estimated tax payment is April 18, 2023. One of the reasons that payment of Q1 estimated taxes can
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