Of the many task owners and fleet managers share in common, one glaring challenge buckling down on taxes for a truck would be the biggest.
Over the recent past, the evolution of the trucking industry has progressed exponentially, with the factors that include, technology advancement, regulatory changes and climatic shifts being incorporated.
Tax filing can be a lot of work and for truckers who are on the move all the time, managing their finances adds up to the already busy schedule.
As we gather around the table this Thanksgiving, SimpleTruckTax wants to take a moment to say thank you to our incredible trucking and tax community.
If you have paid more than what you owe for IRS federal excise tax, it is possible for you to be granted a refund through the use of IRS Form 8849.
Form 8849, “Claim for Refund of Excise Taxes,” is a form that businesses and individuals who have overpaid certain excise taxes and wish to have them refunded; it is a key document.
One of the most crucial documents, if you're a truck driver in the United States, is obtaining a CDL or Commercial Driver’s License and a tax clearance such as filing Form 2290
While filling the Form 2290, one of the first things to note is the weight category for the vehicle.
There are various forms that are required while registering a heavy highway vehicle with DMV, and Form 2290 is one of the most important examples.
When reporting a vehicle’s taxes Schedule 1 form is important in terms of Heavy Highway Vehicle Use Tax (HVUT) as this shows the tax amount you have already paid.
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