Truck drivers and owner-operators
Driving work can create a year of income records, dispatch statements, travel records, equipment costs, and business expenses. JC Tax Services helps owner-operators and truck drivers organize the information for their tax preparation path.
Start HereStart with the records you have
Preparation for your kind of work
Owner-operators and truck drivers may need income statements, settlement statements, 1099 forms, fuel and maintenance records, insurance, equipment details, licensing costs, tolls, parking, and mileage or logbook records. Keep the source records available for review.
Overnight travel, meals, lodging, logbooks, ELD data, and multi-state work can create questions that deserve a careful review. Good documentation helps distinguish what happened during the year from what may apply to the return.
A driver working in their own name may have Schedule C activity within an individual return. A small fleet or company filing as an S-Corporation, partnership, or corporation has a separate entity return, plus its own payroll and recordkeeping questions.
An owner-operator working in their own name may report self-employment activity on Schedule C as part of an individual return. An S-Corporation, partnership, or corporation has a separate entity return. Start by identifying the business structure and the records connected to the work performed during the year.
Owner-operator expense tracking guideTell JC Tax Services about the work you do and the records you have.
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