Truck Drivers

Benefits of using Ultimate Tax Relief services for Truck Drivers

Our team of experts at Ultimate Tax Relief can get the IRS off your shoulders through one or a combination of the following programs:

• Installment agreements
• Request for Extension
• Offer in Compromise
• Penalty abatement

When truck drivers find themselves in a situation in which back taxes are overwhelming, it is the right time to utilize our services at Ultimate Tax Relief. There are multiple options that suit the needs of each truck driver’s case. Our tax professionals can suggest which approach would be best and determine the specific qualifications required for each method.

The Importance of a Proper Bookkeeping System

There are various tax benefits and deductions available to truck drivers. However, keeping a record of expenses could be very difficult. Our bookkeepers can help truck drivers by maintaining a record of the following:

• Capital and cost-of-goods expenses
• Billing and payment to dispatchers
• Trip expenses and fuel receipts
• Truck maintenance and repair costs
• Mileage
• Union dues
• Communication and electronic devices and bills
• Insurance
• Permits and fees
• Personal expenses

Previous tax deductions such as per-diem was phased out for employees as per the 2017 Tax Cuts and Jobs Act. This is the major reason truck drivers are experiencing unexpected tax liabilities. A bookkeeper can help document all these expenses, which is important to decrease tax liability. A bookkeeper also keeps track of estimated tax payments for those who are expected to owe the IRS.