Are you a TRUCK DRIVER – IRS Tax Problems, Tax Levy, Unfiled Returns 1-866-700-1040
If you are a truck driver and are having IRS problems contact us and we will review your situation and tax problem and give you the best possible remedies to go ahead and permanently fix the IRS tax problem that you are having at this time.
As Former IRS Agents we know all the tax options.
Many times because truck drivers are on the road and not attentive to IRS notices and letters. With your frequency on road time, these IRS Bills and IRS notices are never received.
When these IRS notices and letters go unresolved, the IRS must systematically issue a notice of tax levy. Many times those IRS tax levies are in the form of either a bank levy and or a garnishment of wages.
What is a Tax Levy
A levy is a legal seizure of your property to satisfy a tax debt. Levies are different from liens.
A lien is a claim used as security for the tax debt, while a levy actually takes the property to satisfy the tax debt.
If you do not pay your taxes (or make arrangements to settle your debt), the IRS may seize and sell any type of real or personal property that you own or have an interest in.
For instance,
IRS could seize and sell property that you hold (such as your car, boat, or house), or
could levy property that is yours but is held by someone else (such as your wages, retirement accounts, dividends, bank accounts, licenses, rental income, accounts receivables, the cash loan value of your life insurance, or commissions).
IRS usually can levy only after these three requirements are met:
1. The IRS assessed the tax and sent you a Notice and Demand for Payment;
2. You neglected or refused to pay the tax; and
3. The sent you a Final Notice of Intent to Levy and Notice of Your Right to A Hearing (levy notice) at least 30 days before the levy.
IRS may give you this notice in person, leave it at your home or your usual place of business, or send it to your last known address by certified or registered mail, return receipt requested.
The majority of time taxpayers ( trucker drivers ) who have IRS problems and receive a IRS tax levy, 33% of the time have unfiled back tax returns that need to be brought up to date. IRS will generally not work with taxpayers who have unfiled tax returns.
Another problem for truck drivers is the fact that they are self-employed and responsible for making estimate tax payments.
Due to the cash flow and the high demands of bills and especially fuel cost, trucker drivers find it almost impossible to make estimate tax payments.
Just know it is in your best interest to attempt to make estimated tax payments so these problems stop reoccurring.
As a self-employed person, you are responsible for calculating your social security, matching it and then add to this an income tax amount. This is a killer!
The amount of total social security including Medicare is about 15% of what your net income is for that period plus the income tax that you should pay based on your tax bracket.
Many truck drivers have expenses to deduct.
You can deduct things like:
1. lease of the truck,
2. the insurance on the truck,
3. the fuel,
4. the repairs,
5. tolls.
6. licenses
You can also deduct for the depreciation of their truck. If they are interstate drivers and they spend the nights away from home they can deduct the travel expenses. They can also be allowed for meal expenses while on the road.
We at fresh start tax llc have very specific forms used for truck drivers to make sure they take every single tax deduction they are legally entitled to make sure they to the lowest amount of tax allowed by law.
Also if you are undergoing an IRS tax audit we can go ahead and defend that audit.
We have represented thousands of taxpayer since 1982.
No matter what you owe we can handle any IRS situation or tax problem you have.
Do not be bullied by the IRS.
With the new IRS fresh start initiative or fresh start program there are many new options available to truck drivers than ever before.
Contact us today and you will speak directly to a tax attorney, certified public accountant, or a former IRS agent.
Filing and Paying Heavy Highway Vehicle Use Tax
If you operate a truck or other vehicle categorized as a heavy highway motor vehicle on public highways, you must file Form 2290, Heavy Highway Vehicle Use Tax Return, and pay excise tax.
e-file Form 2290
All truck owners can now e-file Form 2290 and pay electronically.
You get your Schedule 1 almost immediately after we accept your e-filed return, and you can get your taxes done from your computer while you are on the road, any time of the day or night. If you are reporting 25 or more trucks on a return, you must file electronically.
