The years pass and the cases of fraud against our truckers’ friends have increased. The propaganda campaign performed by representation companies addressed to our community is getting more an...
In this column, we are to inform you about tax laws and it is our objective to offer such information in a simple and clear way. There are two ways for your wife to participate in the business: One...
The IRS recommends to certify that the preparer electronically submit the returns.
If you are planning to hire a person to prepare your taxes, the IRS has some tips for the selection proc...
Truckers and carriers face many legal issues during their daily work. Everyday we have more obligations to fulfill, both economically and legally. On one hand, you have to fill in the IFTA reports ...
The period to declare taxes for 2017 is underway and it is recommended that you take a break and review the documentation that you have to make your report with the Internal Revenue Department....
What are we to do when we have tax problems with the Internal Revenue Service? There are different types of problems related to taxes and everything will depend on the importance and how effective ...
1 in every 25 truckers is audited by the Internal Revenue Service. Nobody likes the idea that this happens. It is true that there is a small percentage of being chosen for an audit and if this happ...
During the last few years I have dedicated myself as a trucker to work hard but when I take a day or two off, something that I don’t want to do is to check my mail and even less if there is s...
Even though you do not owe taxes, you must prepare your tax report, or you will face many unpleasant consequences. Most people fear to present their tax returns every year and this happens whether ...
Can you rectify your taxes if you forgot to report anything in your report o you did any errors? But should you do it? That depends. You should file your tax report with the IRS every year if your ...
Many years ago, I started my transportation business as a DBA (Doing Business As). I had heard very good things about how productive it was to own your truck and, indeed, in those days, the profit ...
Have you ever received a phone call from a collection agency, either by the car debt, a home loan or credit card? Generally, they call around dinner time, between 6 and 8PM, when we are at home spe...
Can we avoid Internal Revenue Service audits? Although they cannot be prevented or avoided, we can still be prepared for a review.
How could we be prepared for an IRS review? The IRS uses...
Some months ago I had a client who had an audit process with the Internal Revenue Service (IRS) and an aggressive and unscrupulous agent had been assigned to his audit. This agent denied him many e...
At the beginning of the year many of us make travel plans for pleasure, business or with family. If these are your plans, you need to be aware of the existence of a new law that may affect your pla...
The Circular 230, Section 10.31 of the Internal Revenue Service, a law which governs tax preparers and professionals, says that no preparer should receive, negotiate or endorse a check addressed to...
Your 2016 tax returns are just as important as last year's, but as changes were made in the federal government, there will also be changes that will affect the tax area. For this reason, in thi...
Alexander Hamilton, one of the Founding Fathers of the United States and first Secretary of the Treasury summed up this problem clearly; he believed that in the common life, correcting a mistake, e...
To maintain calm, it is very important to correctly choose who you hire to prepare your tax returns. Many of us think short term and, in an effort to save a few pennies, we make wrong decisions and...
Many truckers are lazy when organizing all their papers, with no exception. At this occasion, I will explain some suggestions on how to organize your important documents such as your tax retu...
Recently we represented a trucker friend in front of the IRS and we have found many changes in the audit process. Currently, they are focusing on reparations and diesel payments made in cash. The r...
The IRS usually sends letters by mail. They send millions of letters to taxpayers every year. Keep in mind the following points if you receive a letter or notice from the IRS:
• Do n...
Today was a busy day because my office has received many calls since early this morning from customers with problems related to their taxes. Some arrived without an appointment wanting to present t...
Recently, the Internal Revenue Service has stepped up its threats against those taxpayers who have federal tax debts. Many truckers have this problem and this could have been caused by different re...
Every start of a new year is time to think about the things that should come ahead. We make plans, we set goals to achieve. Some people hope to buy their first house, change their cars or find a go...
Tax preparers handle confidential information related to their customers. If you pay someone to do your taxes, you need to know that you can trust that person. Every year we see many people struggl...
Truckers and carriers face many legal issues during their daily work. Everyday we have more obligations to fulfill, both economically and legally. On one hand, you have to fill in the IFTA rep...
The Internal Revenue Service recommends you make and send your tax report in the most correct way possible. Invest additional time if it is necessary. If you make mistakes in your report, then it m...
