What a year it has been! As the year wraps up, it is the perfect time to make sure you have good records when entering the New Year. You never know when you will receive an audit from the IRS, and keeping good records will help prepare you for this.
Do you know what records you need to keep? Do you know how long to keep them? The Form 2290 Instructions talk a lot about it this year.
Are you going to prepare and file your own taxes – or hire a pro to do it for you?
Choosing a good Paid Preparer can be tricky, but it’s super important to get it right. The person you hire to prepare your taxes has access to all your personal information, and that’s some private stuff! You don’t want just ANYBODY to have access to it.
Do you have an IFTA license and sticker? Did you get your new credentials in the mail yet? If not, the grace period is quickly coming to an end.
There is a two months grace period to display your new sticker, and get the new license in the truck. That means you have until the end of February to get up to date.
This grace period is only good for people who have applied for the New Year and are up to date on last year. If you have not yet filed and paid for 3rd Quarter 2013 this grace period does not apply to you.
The New Year means all kinds of new things. Often the New Year is busier for truckers than anybody else. There are all kinds of permits to renew. There are licenses to renew. There are taxes to file and pay. The list never ends…