Per Diem Plus Blog
Articles and announcements for drivers from our tax expertsTAX SAVING TIP – HOME OFFICE DEDUCTION
Part 2: Tax Saving Tips For Owner Operators & Family-Run Trucking Businesses The following excerpt is from "Making The IRS Work In Your Favor" presented by Mark W. Sullivan, EA at the CMC LIVE hosted by Kevin Rutherford and Let' Truck. Taxpayers are not...
read moreTAX SAVING TIP – PAYING YOUR KIDS
Tax Saving Tips For Owner Operators & Family-Run Trucking Businesses The following excerpt is from "Making The IRS Work In Your Favor" presented by Mark W. Sullivan, EA at the CMC LIVE hosted by Kevin Rutherford and Let' Truck. Trucking...
read moreUnderstanding the 20% Passthrough Deduction
20% Passthrough Deduction for Qualified Business Income Internal Revenue Code Section 199A generally provides a deduction of 20% of qualified business income (QBI) derived from a sole proprietorship, partnership or S corporation that is a qualified trade or business,...
read morePer Diem Rates Increase for 2019
The transportation workers’ special standard per diem rate has been increased to $66 from $63. For travel to Canada the rate increased from $68 to $71 per day. The new rate becomes effective October 1, 2018. Have questions about trucker per diem? Contact us at...
read moreMaking the IRS Work In Your Favor
MAKING THE IRS WORK IN YOUR FAVOR Presented by Mark W. Sullivan, EA - Tax Counsel for Per Diem Plus, LLC DOWNLOAD "Making the IRS Work In Your Favor" (PDF) Questions? Contact Mark W. Sullivan, EA ...
read moreResolving Federal Tax Lien Issues for Trucking Companies
The following question was posted on Trucking With Authority Facebook Group, "Does anybody know a factoring company that will help our company out? The owner has an IRS tax lien, but has paperwork of an IRS payment plan in place." First impressions are that the...
read more