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TruckerTaxes.com FAQs

Income Tax FAQs

Truck drivers can write off everything that other taxpayers can write off with the additional benefit of being able to write off their trucker-related job expenses. These expenses get placed on IRS Form 2106 and typically add thousands of dollars to your deductions for the year.

TruckerTaxes.com saves you two things - money and time. We save you money by finding the trucking tax deductions that other "non-specialized" tax preparers may not know about. We save you time by having our entire business built around helping truck drivers with their taxes. It is all we do, so we have to do it well.

Yes. The per diem deduction (or M&IE) is a big part of your truck driver job expenses. If you think of your trucker job expenses as one big itemized deduction, the per diem deduction can make up a large part of that if you drive on overnight trips.

TruckerTaxes.com can determine your per diem deduction using the city-by-city method or by using the special rate for transportation workers. We will thoroughly evaluate the best way to do it for you.

TruckerTaxes.com has extremely competitive fees that will fit your budget. You can find our fee structure here.

Yes. TruckerTaxes.com can do bookkeeping, too. If you do not want to handle the day-to-day tracking of your trucking receipts and expenses, TruckerTaxes.com can handle that, as well. To learn more about our bookkeeping service for truck drivers, click here.

Yes. A CPA will be involved with your taxes at every step, so you can be assured that your taxes are being handled by an expert not only in the trucking industry, but in virtually every important aspect of tax preparation.

The amount you can save depends on a variety of factors. Whether you own a home, are an owner-operator or a company driver, the type of trips you do, and many other factors all affect your tax liability. We will look at every possible scenario and help you get back the most your are entitled to get. It is usually a significant difference, but the range is so great that we simply cannot estimate until we evaluate your taxes.

Getting started is easy. Just download the organizer, fill it in, and send it to us at:

TruckerTaxes.com
414 Rum River Dr. NW
Isanti, MN 55040

You can also call us anytime at 763-229-7721.

Truck Driver Bookkeeping FAQs

TruckerTaxes.com bookkeeping service for truck drivers includes a simple way for truck drivers to stay organized and save time when it comes to accounting. Our service includes pre-addressed envolvopes that you will send to us with receipts. We will organize your receipts and anything else you note as an expense on a checklist, and then provide you with any of the accounting data you need based off those expenses.

We encrypt anything we store online, and use bank-level security to make sure nothing you send us is vulnerable to a third-party. Printed documents are vaulted under lock-and-key to prevent theft. The security at TruckerTaxes.com is top-of-the-line.

Yes. A TruckerTaxes.com CPA is involved in all of the levels of service that TruckerTaxes.com provides, and your books are kept up-to-date in the accepted standards of recordkeeping that the IRS expects.

Bookkeeping Services provided by TruckerTaxes.com begins with a phone call. You can call us at (763)-229-7721. We will quickly set up your account, and send pre-addressed envelopes that you will periodically return to us with receipts and other documents that show us what you spend money on related to your truck driving job.

Once an envelope is returned to us, we will turn your records into financial statements and tax estimates so that you can be sure there are no “surprises” when tax season comes around. A CPA at TruckerTaxes.com will make certain that all your transactions are correctly entered. In short, you do not have to worry about the books. We'll do that so you can just focus on driving.

Yes and no. For tax purposes, it does matter whether you are a local driver vs. an over the road truck driver. It is also important to know whether you are an owner-operator vs. a company driver. But, no it doesn't matter what type of driver you are to use our service. We do it all.

That is what we are here for. It is normal for you to not want to think about taxes while driving. Your job is to drive a truck. Our job is to make sure we keep your records in order.

Whether you store documents in your glove compartment, dashboard, floor, shoebox, or a neat organizer, we can make sense of your financial records. Truck drivers who use our bookkeeping service enjoy reduced stress, and ultimately earn more revenue because they are not burnt out or wasting time on record keeping.

We can set up monthly, quarterly, or annual service, and the envelopes with the expense checklist will be mailed to:

TruckerTaxes.com
414 Rum River Drive NW
Isanti, MN 55040

Pricing for our services varies based on size/volume of transactions, and is as low as $600 per year. When you call us, we can determine the size, which is the biggest factor in determining pricing.

Additionally, we offer 50% off tax preparation to our bookkeeping clients, with free quarterly tax estimates and review so that you can be aware of your tax status—before April 15th!

Monthly Service (envelopes sent to us each month)

Small - $50
Medium - $85
Large - $125
Quarterly Service (envelopes sent to us every 3 months)

Small - $220
Medium - $275
Large - $395
* If you are uncertain, please call us for a free consultation to determine your size.

Small

  • All independent truck drivers are Small.
  • If your are paid solely via a 1099 and had revenues less than $250,000 for the year, you are considered Small.
  • Small can include 1 to 2 drivers, as long as the revenues did not exceed $250,000.
  • If there are more than 2 drivers in your company, you are either Medium or Large.

Medium

  • Revenue above $250,000 but less than $500,000.
  • Any company with more than 2 drivers is considered Medium or Large, depending on revenue.

Large

  • Revenue above $500,000
  • Any company with more than 2 drivers is considered Medium or Large, depending on revenue.

We can set up monthly, quarterly, or annual service, and the envelopes with the expense checklist will be mailed to:

TruckerTaxes.com
414 Rum River Drive NW
Isanti, MN 55040

We include a checklist of items that may be deductible along with the expense envelopes. The expense checklist includes items most common to your field that might be deductible. If you are unsure about an item, put the receipt or paperwork into the envelope, and let our CPA determine if it meets the IRS guidelines.

The following expenses are some of what may show on your expense checklist that we will send to you.

  • Truck purchase or lease
  • Safety gear for you
  • Safety gear for your truck
  • Modifications to your truck for sleeping area
  • Supplies for your truck
  • Pillows/sheets
  • Vacuum
  • Alarm Clock
  • Fees
  • Insurance premiums (all of them)
  • Accounting fees
  • Internet fees
  • Interest on advances
  • Interest on truck loans
  • Registration fees for your truck
  • License fees for you
  • Fuel/oil
  • Storage fees
  • Cell phone (% business use)
  • Travel Expenses
  • Laundry
  • Hotels
  • Parking
  • Scale/Weigh fees
  • Tolls
  • Maintenance and repairs
  • Truck Washes
  • Tools

Other TruckerTaxes.com FAQs

Payroll Services

If you are in need of payroll services (for yourself or others on your team), we provide full service payroll at a discount to our bookkeeping clients. Call for more information.

Income Taxes

We offer 50% off tax preparation to our bookkeeping clients, with free quarterly tax estimates and review so that you can be aware of your tax status—before April 15th!

Entity Creation

A TruckerTaxes.com CPA can help you determine and set up the best corporate entity for your situation. Truck drivers often benefit from setting up an S-Corp or LLC, but it is important to get it right to alleviate issues later. Let us help you set you up right the first time.

The per diem deduction for truck drivers can add a significant tax deduction for some truck drivers. If you are paid a per diem, we will still keep track of your routes. The IRS has a predetermined rate, usually more than you are reimbursed. We look at where you spent the most time sleeping/resting each day of each trip you drove, and calculate the per diem allowance. We compare this to your reimbursement from the employer, and then give you the additional amount as a deduction.

Your trucker daily logbook works well for this. It also helps you keep track of your mileage if you own or lease the truck. Speak with our team about the most effective way for you to track your trips. Our goal is to make it easy for you to stay organized in a way that you are comfortable and likely to commit to.