ExpressIFTA Blog

Wednesday, March 11, 2015

Vital Tax Information For Truckers

Tax Season is here and possibly causing you a little stress. Especially when you realize the next IFTA Deadline on April 30th is smack in the middle of tax season. A lot will be going all at once, but I have some very important information for you that will help you out.

First, let's talk tax extensions...

Filing a tax extension will automatically extend your e-filing deadline for certain tax forms. Our partner, ExpressExtension.com, provides three different types of tax extensions:

Form 7004 - Business Tax Extension due March 16th

Form 4868 - Personal Tax Extension due April 15th

Form 8868 - Exempt Organization Extension May 15th

For more information be sure to contact the ExpressExtension Support Team at 803-514-5155 or email: support@expressextension.com.

Now, let's talk about taxes...

How do you file your taxes every year? Do you have someone else do it, or do you do them yourself? Filing taxes for truck drivers can be complicated because of all the deductions that they qualify for and the rules change every year. The best thing you can do to make sure your taxes are filed correctly is to have a professional tax preparer that specializes in the trucking industry. Trucker Tax Service specializes in filing taxes for truckers and doing it correctly. They take care of everything over the phone and their customer service is amazing. Give them a call at 888-799-1099 and see how they can take the stress of taxes off your shoulders.

Time to plan...
Planning ahead of time will keep you from missing deadlines. Missing a deadline can have very expensive consequences in the form of IRS penalties. You work too hard to see your money going to penalties that are completely avoidable. If you know you need more time to file your business taxes, e-filing Form 7004 will automatically extend your deadline for 5 to 6 months, and you do not need to explain why you need an extension. You will just enter in some business information and transmit to the form to the IRS through ExpressExtension.com.

If there is any doubt or second guessing when it comes to preparing your taxes, definitely give Trucker Tax Service a call so you know your taxes are done right. Don't forget to mark April 30th for the next IFTA Deadline and stop back by anytime for more IFTA information.

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