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Glossary: Log Books

October 13, 2014

A book that holds daily records of hours and routes, carried and kept by drivers.

Glossary: Vehicle Identification Number (VIN)

October 8, 2014

A unique number that is used to identify specific vehicles.

Glossary: Under Penalty of Perjury

October 6, 2014

This is typically written as an agreement by you to the IRS. Perjury is the willful giving of false testimony under oath upon a legal inquiry.

Glossary: Third Party Designee

October 1, 2014

A person who assists a taxpayer in preparing and e-Filing tax returns but is not paid. By being named a Third Party Designee, that person is authorized to give/receive information to/from the IRS regarding the tax form that includes their name.

Suspended Vehicles Proof Reminder

September 25, 2014

Written by Molly Harris Suspended vehicles are vehicles that travel less than 5,000 miles on public highways (7,500 miles for agricultural vehicles). These types of vehicles still need to file a Form 2290, but will owe $0 in taxes. Since there is no tax amount due to the IRS for these kinds of vehicles, the IRS wants proof that your vehicle travels under that mileage … Read More »