As a truck driver, you know how important it is to stay organized. You keep meticulous records of your cargo and your routes, so be sure to apply the same philosophy to your expense tracking and strategy for income taxes. The best way to take advantage of these deductions and reduce your...
Today, I’ll cover some basic information on food truck taxes and common write-offs in this industry. Keep in mind, I’m writing these from the perspective of a veteran food truck owner and not an accountant. I suggest working with a professional to submit taxes accurately and to take a ...
H&R Block notes thatyou can write off the costsrelated to driving and maintaining your vehicle: Gas and oil Tires Washing Maintenance Insurance Truck driver's license Repairs Parking and tolls Tip Keep receipts so that if you're audited, you can prove you've actually spent the money. The IRS...
The decline in the net is laid to reorganization of sales facilities, extraordinary expenses caused by conslidation of Indiana Truck Corp., and by unprofitable operations of the fire fighting apparatus division, large inventory write-offs, and collection difficulties. “The fire equipment division has...