743 plain-English guides on us tax, each one ending in what to do next.
Page 26 of 31, newest first.
License fees, renewal fees, and required continuing education to maintain a trade license are fully deductible. Surety bond.
US TaxWorking a job in another state can create income tax nexus, a separate licensing requirement, and a non-resident return.
US TaxSelf-employed tradespeople can deduct tools, vehicle costs, licensing, continuing education, and uniforms under IRC 162.
US TaxA SEP IRA or Solo 401(k) can shelter up to $72,000 of self-employment income in 2026. A SEP IRA allows a contribution of up to 25% of net self-employment.
US TaxTrades businesses can fully expense service trucks, tools, and heavy equipment under Section 179 or bonus depreciation in the year of purchase.
US TaxTradespeople choose between the standard mileage rate and actual expenses in the first year a vehicle is placed in service.
US TaxThe right entity structure for a trucking company depends on income level, fleet size, and self-employment tax exposure.
US TaxFreight brokers face unique tax rules around 1099-NEC reporting, the freight payment exemption, independent contractor classification.
US TaxIFTA applies to qualified motor vehicles (over 26,000 lbs GVW or 3+ axles) that operate in two or more IFTA member jurisdictions.
US TaxForm 2290 applies to any highway motor vehicle with a taxable gross weight of 55,000 pounds or more. The tax period runs.
US TaxShould you lease or buy your next truck? The tax treatment is different, and the right answer depends on your cash flow, income level.
US TaxTrucks cross state lines every day, but state income tax obligations depend on nexus, apportionment formulas, and whether PL 86-272 provides protection.
US TaxEvery deduction an owner-operator can claim on Schedule C, from fuel and maintenance to per diem and lumper fees, mapped to the correct tax form line.
US TaxThe DOT per diem for truckers is $80 a day in the continental US and $86 outside it, from October 1, 2024 to September 30, 2027. DOT-regulated drivers deduct 80%, or $64 a day.
US TaxOwner-operators and fleet owners have access to powerful retirement plans that double as tax shelters. Self-employed truckers can choose from three main.
US TaxTrucks over 14,000 lbs GVWR are exempt from the IRC 280F luxury automobile caps that limit depreciation on passenger vehicles.
US TaxHow veterinary practices pay associates through salary, production pay, or ProSal, and the payroll tax and worker classification rules each model triggers.
US TaxExplains asset versus stock purchase structure, Form 8594 allocation, and IRC 197 goodwill amortization rules for buying or selling a veterinary practice.
US TaxHow to choose the right entity type for a veterinary practice, including S-Corp reasonable salary rules, QBI limitations for veterinary SSTBs.
US TaxHow veterinary practices can deduct X-ray machines, ultrasound units, surgical tables, and clinic building improvements using Section 179.
US TaxHow veterinary practices should account for drug and supply inventory, manage cost of goods sold, and handle expired medications for tax purposes.
US TaxTax deductions available to mobile veterinarians and telehealth vet practices, including vehicle expenses, equipment write-offs, home office deductions.
US TaxExplains why veterinary practice owners should hold their clinic building in a separate LLC, covering rent deductions, self-rental rules.
US TaxComparing retirement plan options for veterinary practice owners, including Solo 401(k), SEP-IRA, SIMPLE IRA, cash balance plans.