Guides and updates on trucker taxes, Form 2290 HVUT, IFTA filings, business expenses, and financial tips for owner-operators.
What changed The Treasury Department and IRS issued final regulations on September 15, 2025, that lock in the Secure 2.0 requirement for certain higher earners’ 401(k) catch-up contributions to be made as Roth (after-tax). The final rules generally apply for…
What happened and why it matters U.S. Transportation Secretary Sean P. Duffy has been addressing truckers directly in recent days, tying safety policy to on‑the‑ground realities drivers face. Two headline actions are reshaping compliance and staffing plans nationwide: a federal…
Why this matters now Unfiled or late tax returns are more than back-office headaches for motor carriers. They can stall registrations, delay contracts, and drain cash flow through fast-accumulating penalties and interest. A recent industry guide highlights the IRS’s Trucking…
What’s new The City of Los Angeles has issued its latest “List of Permitted Waste Haulers,” current as of Thursday, September 18, 2025. The 23-page roster confirms which companies hold valid AB 939 Compliance Permits to collect, transport, and deliver…
A federal appeals court has dealt a decisive blow to Yellow Corp. and its largest shareholder, MFN Partners, upholding pension funds’ multi‑billion‑dollar withdrawal claims and largely closing the door on equity recovery from the LTL carrier’s bankruptcy estate. In a…
Why this matters to fleets and owner-operators Getting Section 263A (UNICAP) right is a cash-flow and compliance issue. The rules tell you which direct and indirect costs tied to inventory or self‑constructed assets must be capitalized instead of expensed now.…
Pick the right IRS return for your business Sole proprietors (including most one‑truck owner‑operators and single‑member LLCs taxed as disregarded entities) typically file Schedule C with Form 1040. Partnerships (including most multi‑member LLCs) file Form 1065, and S corporations file…
Why this matters now A recent blog post making the rounds claims the IRS is paying “millions” to insiders who report tax fraud and name-checks trucker-specific issues like the Heavy Highway Vehicle Use Tax (HVUT). While that post mixes some…
What “1099” really means in trucking When a carrier pays you on a 1099, it’s classifying you as an independent contractor, not an employee. That means you run your own business, shoulder your own costs, and pay both sides of…
What’s happening Several California trucking companies have recently shuttered operations, sending a clear warning to owner-operators and small fleets: thin margins, soft demand, and stubbornly high operating costs are creating a hazardous market. After two years of normalization following the…
