In the 21st century, rare are those who don’t live in fear of having IRS knock on their door anytime now, looking to collect the money owed. In the fiscal year 2012 alone, the IRS filed over 710,000 Notices of Federal Tax Liens. But you’ve...
Back in 2011, the highest-ranking American in international soccer Chuck Blazer said that there are two types of soccer executives: “those who take bribes, and those who pay them,” and then the world stopped for a second. It was very soon after when Ken Bensinger...
Whether you lease from a carrier or operate under your authority, you can deduct taxes for any expense related to running your trucking business. There are quite a few business expenses often overlooked by owner-operators when they file their taxes. We’re listing the most common ones...
A tax levy is one of the harshest collection mechanisms used by state taxing authorities and the IRS. It is the legal seizure of taxpayers’ assets when there are taxes owed. A tax levy is different from a tax lien in a sense that a...
Filing taxes is never fun, but the thing that makes the process bearable is knowing the rules and deductions you are allowed. Truck drivers are given a significant benefit by the IRS allowing them to deduct “ordinary and necessary” business expenses. While there are plenty...
