Easily File Your Trucking Employment Tax Returns

Trucking nation, we have an important notice! Your IFTA return isn’t the only tax return that’s due on January 31. We know that between IFTA, HVUT 2290, and your IRP return it may seem like the tax deadlines never stop coming, but at least we’re here to make the 2290 form filing process and mileage reporting easy.

As a trucking business, you’re also responsible for e-filing Form W-2 and Form 1099-MISC by the January 31 deadline. However, you don’t have to stress about completing these forms by the deadline, because our sister product, TaxBandits, makes it easy!

Easily File Your Trucking Employment Tax Returns 

Form W-2

Form W-2 is basically a statement that reports all of the compensations and income that you offered to your traditional employees during the tax year with Medicare, Social Security, and income tax withheld.

You are responsible for filing this form with the social security administration (SSA) on an annual basis and for distributing copies to each of your employees by the January 31 deadline.

Also, you must file for every employee who you paid $600 or more to in wages during the tax year. Your employees need to receive their copy of Form W-2 to complete their personal income tax returns.

Form 1099-MISC

Form 1099-MISC is used to report miscellaneous income. You need to use it to report payments made in exchange for services performed by people not treated as your employees, such as independent contractors or contract workers.

You need to file for each contract worker that you paid $600 or more to in wages during the tax period. You also need to distribute Form 1099-MISC copies to your recipients by January 31, as they need the information on this form to complete their personal income tax returns.