Guides and updates on trucker taxes, Form 2290 HVUT, IFTA filings, business expenses, and financial tips for owner-operators.
What an S corporation is—and isn’t An S corporation (S corp) is a regular corporation that elects federal pass‑through taxation. Income, losses, deductions, and credits flow to shareholders’ personal returns instead of being taxed at the corporate level, which helps…
Why it matters to carriers now If you employ W‑2 drivers or shop staff in states with Paid Family and Medical Leave (PFML) mandates, the IRS just clarified how to handle federal taxes on PFML contributions and benefits. The clarification,…
Why this matters for U.S. trucking Europe’s Foreign Subsidies Regulation (FSR) has moved from theory to active enforcement, and its reach now spans public procurement, mergers and acquisitions, and ex officio probes. For U.S. truck makers, powertrain suppliers, charging providers,…
Why truckers should care about the 2026 crypto tax forecast Whether you accept stablecoins for quick settlements, dabble in bitcoin on the side, or reimburse a driver using a crypto card, 2026 could bring meaningful U.S. tax changes that affect…
Why this matters to trucking businesses Two recent tax developments shape how small carriers, leased-on owner-operators, and medium fleets will plan and file 2025 and 2026 returns. First, Congress made the Qualified Business Income (QBI) deduction permanent as part of…
What’s happening at Harlem Library Owner-operators and fleet managers in New York City can book no-cost, IRS-certified income tax preparation at the New York Public Library’s Harlem Library on four Saturdays in March 2026 (March 7, 14, 21, and 28),…
What’s happening and why it matters to trucking Owner-operators and small fleets in New York City have a low-cost way to get through tax season: Single Stop’s free, IRS-certified income tax preparation sessions at the New York Public Library’s Harlem…
Why this DC tax lawyer matters to trucking For owner-operators and fleet finance teams trying to plan capital spending and navigate audits in 2026, few attorneys have a résumé more tuned to the moment than Jeffrey H. Paravano, a Washington,…
What changed on January 1, 2026 Trucking employers processing 2026 payroll should note several tax updates now in effect. The Social Security (OASDI) taxable wage base rose to $184,500 for 2026, with the OASDI rate unchanged at 6.2% for both…
What the IRS just confirmed The IRS has confirmed that the one-time $1,776 “Warrior Dividend” paid to service members in December 2025 is not taxable and does not need to be reported on federal returns. The agency classified the payout…