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Trucking is the lifeblood of the economy, keeping store shelves stocked and goods flowing across vast distances. But navigating the open road in a massive vehicle comes with inherent dangers. Accidents involving large trucks can be devastating, causing serious injury or even death. However, the vast majority of these accidents are preventable. By prioritizing safety […]

Listen up, fellow trucker bosses! You know the feeling. You grind your gears (figuratively, unless you have to deal with a cranky clutch) to build a successful trucking business. You sweat blood (okay, maybe not literally) to keep the wheels turning and the deliveries rolling. But let’s face it, none of that happens without the

Every year, millions of truckers across the country face the inevitable: Form 2290, the Heavy Highway Use Tax Return. This form calculates the federal tax owed on qualified large trucks (over 55,000 lbs) that use public highways. While the purpose is clear, the process can feel daunting. Don’t worry, we’ve got you covered! By familiarizing

Choosing leasing vs owning trucks is critical for American truckers, especially considering the tax implications. Understanding these differences can help you make an informed decision that optimizes your financial and tax situation. This article explores leasing and owning trucks’ key tax benefits and drawbacks. Depreciation Deductions: Maximizing Tax Savings Guide of Leasing vs Owning Trucks

We’ve all been there – that moment of dread when the notice for your HVUT payment arrives in the mail. It’s a necessary expense to keep your rig on the road, but sometimes, it can land on your doorstep at the most inconvenient time, leaving you wondering if there’s a way to make that tax

Attention all American taxpayers! The tax deadline for most tax returns is quickly approaching on May 17th. This year, there are some important things to know, especially if you live in an area recently affected by natural disasters. Tax Relief for Disaster Areas If you live in the Wrangell Cooperative Association of Alaska Tribal Nation,

The Internal Revenue Service (IRS) has announced a new wave of audits targeting the utilization of business aircraft, with a particular focus on personal use. This initiative is part of a broader strategy aimed at enhancing tax compliance among high-income individuals and corporations. Heightened Scrutiny on Business Aircraft Usage The IRS is gearing up to