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Wednesday, April 7, 2021

You Qualify For A Tax Payment Extension From The IRS



May 17, 2021 is approaching fast. For some, it’s their individual tax deadline but for those who have a lot on their plate and too much to wrap up, it's the deadline to file Form 4868. It may not seem like it, but the IRS is somewhat reasonable. They realize you could have possibly misplaced important documents and need more time, unexpected life events happen, and time can simply just slip away. This is why they have created Form 4868.

The Application for Automatic Extension of Time to File U.S Individual Income Tax Return (better known as Form 4868) extends the deadline of the income tax return as far as six-months (October 15, 2021).

The 3 Ways To Request A Form 4868

  1. Pay Electronically: When you choose this method you don’t need to file Form 4868. By making a payment the IRS will automatically process an extension of time to file when you pay part or all of your estimated income tax electronically. This can be done online or over the phone. 
  2. E-File: You can e-file from your personal computer. Be sure to have a copy of your previous tax return. This information will be needed for verification. At this time you can choose whether or not to make a payment online, or send it in via postal mail.
  3. Paper Filing: With paper filing, all you will need to do is fill out a paper Form 4868. You can choose to send it into the IRS by mail. Be mindful that if you are a fiscal year taxpayer, you must file a paper Form 4868.


Form Sections


Form 4868 is broken down into two parts. The first being identification and the second is where you’ll plug in all tax information.

Part I - Identification
This is the section where your name(s) will go. If you are filing a joint return you must list the names of both spouses, so they appear on the return. Mailing addresses, Social Security number (SSN), and employer identification number (EIN) are also fields included in this section.

Part II - Individual Income Tax
In this section is where you’ll be filling out the estimate of total tax liability, be sure to be as accurate as possible. Total payments, balance due, and the amount you’ll be paying will also need to be inserted here. Have these important pieces of information on hand for quick filing.

Did you know that filing an extension doesn’t put you at higher risk of being audited? Generally, an extension is issued automatically and they won’t hassle you about why you are in need of an extension. So there is no need to pull out the old, “My dog ate my homework” excuse.

Take the time to put in your extension today. We’d rather you be safe than sorry and paying some pretty costly penalties.





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Wednesday, March 17, 2021

Temporary Trip Permits & Temporary Fuel Permits


What do you do when you need to travel somewhere that you’ve never been and you don’t have proper authority?

Well, it can be tough if you lack IRP credentials and can’t legally travel in those jurisdictions.

So what do you do? Thankfully, you can get a temporary permit.

Who Needs Temporary Trip & Fuel Permits?


If you normally don’t travel interstate but find yourself needing to travel on a longer haul, temporary permits were created just for you.

So if you normally only work in West Virginia, but end up on a haul that takes you to Ohio, a temporary trip or fuel permit will be required.

So what are these permits?

Trip Permits: These are designed for you if you are traveling to a jurisdiction you lack credentials for. You will need a temporary trip permit in lieu of IRP registration. Thankfully, a temporary trip permit is a great solution for sporadic interstate travel, but are not an economical solution for long term freight solutions.

If you find yourself needing permits more than a few times a year, it is more economical to register under IRP or the state tax license required for the jurisdictions you’re traveling in.

Trip permits must be obtained prior to entering the jurisdiction, and since processing costs and times vary by state, it’s best to inquire as soon as you know you’ll need one.

Temporary Fuel Permit: When you’re traveling interstate, you can get a temporary fuel permit issued in place of the International Fuel Tax Agreement (IFTA) registration.

Like trip permits, these must be obtained before traveling into the jurisdiction you are not licensed to operate in.

Best of all, most permits are issued same day! Whether you’re headed to Michigan, Texas, or Ohio, trip permits will help you travel interstate with ease!

If you need a trip or fuel permit, reach out to the state you will be traveling through to obtain your temporary permit.  

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Tuesday, March 2, 2021

Try These Methods To Increase Your Salary This Year




It is always a good thing to be grateful for what you have, but it is also wise to be mindful that you can make more. Maximizing your career as a truck driver is easier said than done, but with determination you can make it happen.

There are a number of avenues that can be chosen to make a significant increase in your salary. We want to see you thrive in your career, so we are giving you a bit of insight into how exactly you can make the trucking industry work for you.

Add Some CDL Endorsements

Passing the CDL exam is a huge accomplishment and if you've made it past that step it certainly deserves a pat on the back. There are however certain things your CDL can’t do for you.

By adding extra permissions to your CDL you will be allowed to carry loads the CDL alone won’t permit you to. Having additional endorsements will give you a competitive advantage over other drivers, allowing you to have an opportunity to choose between loads that generally pay more. Getting your HazMat endorsement or Tanker vehicle endorsement will help in increasing your salary.

Gain Additional Experience

There are a few things truckers are required to have knowledge of, but a lot of times that knowledge only comes by experience. Experience is one of the most important criteria for truckers to have in order to get a competitive salary. Experience takes time, and getting to the point where you are making the big bucks requires a bit of patience.

It is proven that drivers with 5 to 8 years of experience earn anywhere between $50,000 and $70,000, including benefits. In comparison to inexperienced drivers, who make an average of $18 per hour, experienced drivers can make up to $50 per hour. Talk about a major difference.

Reputation Goes A Long Way

We’ve all been taught that reputation goes a long way and in the trucking industry it is no different. With a clean performance record truckers are presented with better driving opportunities that lead to better pay.

Companies are interested in protecting their reputation and hiring someone whose reputation coincides with that is ideal. Having a good reputation isn’t up to anyone else, but you. The money is out there, you just have to work hard for it.

Get With The Times

By improving your IT knowledge you are already more sought after than drivers with tons of experience, who still choose to use paper logging methods. Anyone who refuses to adapt to the modern age we are currently in are slowly being weaseled out. By being up on the latest IT trends you are now a more valuable asset to the industry. This makes your time more valuable to the company you’re with.

It is not possible to dodge hard work on your way up the industry ladder. In order to get paid more, you are going to have to do a lot more than ask for a raise. There are large salaries available in the trucking industry, it just requires people with a certain type of caliber to access them.



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Thursday, February 18, 2021

Your Guide To The Perfect ELD For Your Fleet Needs





Aside from compliance requirements, there are a couple of things to consider before purchasing your dream ELD. Taking the time to know what game-changing features that make your job a whole lot easier will save you time and money.

The ELD Federal Motor Carrier Safety Regulations:

Requires ELD use by commercial drivers who are required to prepare hours-of-service (HOS) records of duty status (RODS).

Sets ELD performance and design standard, and requires ELDs to be certified and registered with FMCSA.

Establishes what supporting documents drivers and carriers are required to keep.

Prohibits harassment of drivers based on ELD data or connected technology (such as fleet management system).

Provides recourse for drivers who believe they have been harassed.


Three Add-Ons for the ELD Feature Checklist

#1 Instant Messaging

There is no requirement for having an instant messaging feature including with your ELD, but this feature would enable all parties to stay in direct communication during a route. Streamlined communication between drivers and dispatch aids in dissolving miscommunication and confusion. Similar features can be found in apps like the TruckLogics app.

#2 Dash Camera

For some, the use of a recording device may seem like a disaster waiting to happen but, 100% of truck drivers who were falsely accused of being at fault of a truck-passenger accident would agree that they wished there were proof to show they weren’t to blame. 

Not only does a dash camera protect individuals and companies against fraudulent claims, but it also can be used for education purposes in training processes for more effective coaching.

There are also a number of insurance carriers who recognize the benefits dash cameras have on the safety and reward forward-thinking companies with reduced subsidies and premiums.

#3 Safety Alerts 

Many ELDs have features that help in improving safety on the road, but there are some that take it a little further in offering alerts on not just speeding, but hard braking, and lane departures.

ELD Exemptions


There are exceptions to the new mandated requirements. Even though it seems as if the world is going full-on electronic, time cards and paper RODs fall in line with those being exempt. 

Drivers who operate under the short-haul exceptions are able to continue using timecards, and those who use paper RODs less than 8 times over a 30-day span are exempt as well. The 30-day period is not restricted to a single month but does apply to any 30-day period. 

Drivers who operate a vehicle manufactured before 2000, based on the VIN they qualify to no have to make the transition along with drivers conducting drive-away-tow-away operations, in which the vehicle being driven is the commodity being delivered. At this time, with the exemption being likely to change, transporters of livestock and insects are not required to have an ELD and are not required by the FMCSA to carry documents regarding the exemption. 

Meeting ELD Compliance


When searching for the perfect ELD device there are several aspects to consider. The main aspect transporters should look for is whether or not the device is registered at FMCSA.

A compliant ELD solution will provide:

  1. Separate accounts for administrators, both non-drivers and drivers.
  2. Integral Synchronization with the Electronic Control Module (ECM).
  3. Automatic recording of information such as; location, date, time, engine hours, vehicle miles, and driver identification.

Although there are basic compliance requirements for ELDs it is wise to make sure the selected device offers the use of cellular networks, USB, and even Bluetooth. 

The cellular network feature is vital in transmitting data between engine-connected vehicles and smartphones and tablets. The most reliable way of transmitting information is through the use of US and Bluetooth, in the event that there is no cellular service. 

Our Recommendation


KeepTruckin is our number 1 recommendation. It has all these features and more! Plus, as the biggest ELD provider on the market, they have the most integrations with other trucking solutions. For instance, if you use TruckLogics, the market-leading TMS, you can import your mileage and fuel information for quick IFTA reporting.

Learn more about TruckLogics and KeepTruckin today!





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Tuesday, February 9, 2021

Short On Time? How To Save Time With a Trucking Management Software



As a fleet manager, you’ve got a lot on your plate.

You’ve got to keep up with drivers, dispatching, expenses, truck service intervals, clients, insurance, and more (and that’s not even including your quarterly IFTA and yearly HVUT taxes).

So how do you keep up with all of it? Luckily, we’ve got just the trucking management software to help you save time and money.


What TruckLogics trucking management software can do for you


OTR expense tracking


Pass off some responsibility to your drivers by letting them track their own expenses on the road. With the TruckLogics mobile app, they can notate expenses like fuel-ups, per diem, and just about anything else. You can even have them capture receipts right from their phone so you don’t have to rifle through physical receipts later.

This one trucking management software feature can save you from a lot of unnecessary data entry and wasted time.


Maintenance scheduling


Add service intervals to individual trucks in the Truck Zone digital garage. Whether you select a certain amount of time or a certain number of miles, TruckLogics will automatically update you when it’s time for maintenance. You can create truck service intervals for any kind of maintenance and even enter preferred servicer information.

IFTA tracking


With TruckLogics, you can generate pre-calculated reports for IFTA filing. As you assign individual trucks to specific dispatches and notate their fuel consumption, TruckLogics will keep that information on file for quarterly IFTA reports. All you have to do is enter the information from TruckLogics reports into the IFTA form and you’re good to go.

Check calls


In addition to allowing your drivers to manually send check calls to clients from our mobile app, Truckloguics now supports automated geofencing check calls. This means that your clients will receive automatic updates when your drivers leave or pick up or arrive. These updates can be fully customized.


Expense reports


TruckLogics will automatically generate business reports for you, based on information like 'Cost Per Mile', 'Revenue Per Mile', and 'Profit Per Mile'. This way you can see what routes, clients, and drivers are most profitable for you. TruckLogics gives you unparalleled control of and visibility into your trucking business.


Try TruckLogics for free!


You can try all of these TruckLogics time-saving fleet management software solutions free for 15 days! There’s no obligation and no credit card information required.



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Monday, January 25, 2021

Your 4th Quarter IFTA Return Is Due Next Week



Ready or not, the 4th quarter IFTA deadline is here! That means you need to file your IFTA return with your base jurisdiction (home state) by midnight tonight or you will have expensive penalties to face. This may seem like a hassle since IFTA can take hours of figuring out complicated calculations to complete.

However, with the help of our sister product, ExpressIFTA, you can actually quickly and easily prepare your IFTA report and use it to instantly complete your return. Plus, we’re going to go over the IFTA basics so you’ll have everything you need to know.

The IFTA Deadline Basics


First of all, IFTA is the International Fuel Tax Agreement. It was put in place for the purpose of simplifying fuel reporting by those who operate qualifying motor vehicles in two or more jurisdictions. This agreement includes the lower 48 United States and 1 Canadian provinces.

IFTA reporting actually makes a major difference, because before it was put into place each state had their own complicated rules and regulations for fuel use reporting. Now the quarterly IFTA return is used to easily determine the net tax refund due to and redistribute taxes from collecting states to states that are due.

Your vehicle qualifies for IFTA if you travel between two or more jurisdictions and:


  • Has two axles and a gross vehicle weight of 26,000 pounds or more
  • Has a gross registered vehicle weight of 26,000 pounds or more 
  • Has three or more axles, regardless of weight and/or 
  • Is used in combination when the weight of the combination exceeds 26,000 pounds in gross vehicle weight or registered gross vehicle weight. 
To comply with IFTA you will need to apply for your IFTA license with your base jurisdiction (home state). Be sure to keep it in your cab at all times. You will also receive two IFTA decals that you need to place on your driver door. Then you will need to complete your IFTA return four times a year.

In order to complete your return you will need to provide the following information:


  • Total miles traveled per jurisdiction 
  • Total gallons of fuel consumed per jurisdiction 
  • The total tax-paid gallons of fuel purchased per jurisdiction, and 
  • The current tax rate per jurisdiction 

Online IFTA Reporting With ExpressIFTA 

ExpressIFTA has streamlined the IFTA reporting process to be incredibly quick and convenient in one online location. You can easily import all of your information then they will automatically calculate all of your IFTA calculations with 100% accuracy.

The IFTA totals will all be listed in an easy to read IFTA report that can be downloaded, printed, and emailed. Best of all, the report can be used to instantly complete your IFTA return!

After creating your free ExpressIFTA account you can import your IFTA records at your own pace. For example, you can import your data per trip with the trip sheet entries feature, or upload all your information for the month with the quick entry screen.

You can also use the bulk upload feature to import all of your information at once, or directly pull your mileage records from your GPS. Plus, ExpressIFTA even accepts ELD data!

There’s no better way to prepare for IFTA, so why wait? Get started and avoid penalties now! If you need any assistance please don’t hesitate to contact the live TSNAmerica US-based support team. We’re standing by to help.





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Tuesday, January 19, 2021

The Easiest Way To E-File Your Trucking Business Taxes



If you are an owner-operator or fleet owner and your pay trucking employees or contractors, you need to file your 1099s or W-2s by January 31. Like most small business owners, you’re probably pressed for time, so how can you quickly and accurately e-file your employment tax forms?

Luckily, we’ve got a solution for you! With TaxBandits, you can e-file your forms quickly and securely, and have them sent to your employees or contractors easily. Here’s how it works.


Trucking Business Taxes with TaxBandits 


TaxBandits makes trucking taxes easy by offering an easy interview-style process and helpful tips all along the way. Just create an account, verify your business information, and start generating and filing your trucking taxes.


You won’t even need to worry about printing and mailing
forms - we’ll take care of it for you! Simply use our mailing feature for a small extra fee and your employees and contractors will receive their forms with no extra effort from you. 


E-file with TaxBandits

The whole process is simple, quick, and affordable. Get started with TaxBandits today to beat the January 31, deadline.







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Friday, January 8, 2021

Here's How to Easily Keep Your Truck Maintenance Up to Date in 2021



Keeping your truck up-to-date with service intervals can be difficult, especially if you’re always on the road or overseeing lots of vehicles.

But it’s no secret that well-maintained, up-to-date vehicles will have fewer breakdowns, get better gas mileage, and cost you less money.

So how do you keep track of truck service intervals and keep them running longer? Here are our top tips for keeping your truck service intervals up-to-date.

Track mileage from your computer


It's not good enough just to have paper logs or ELDs. Neither of those can send you automated updates to remind you of service intervals. What you need is a software that tracks your mileage ahead of time-based on dispatch information, and then applies that to the specific truck running the route.

Fortunately, our sister product TruckLogics does just that. When you enter dispatch information, you can attach a truck or trailer and TruckLogics will keep track of how many miles it has run. Depending on the service interval preferences, TruckLogics will send you automatic updates when it’s time for truck or trailer maintenance.

Track all kinds of maintenance


But what if you want to check electrical components every several months, in addition to getting the tires serviced every several thousand miles? TruckLogics can send you reminders about that too. 

Man doing wheel maintenance for a truck service interval


TruckLogics tracks service based on the parameters you choose, whether mileage or time. You can even enter notes about what needs to be done and select a preferred vendor to perform the maintenance.

Use TruckLogics


If you’re a company driver, owner-operator, or fleet manager, using TruckLogics can help you keep track of your service intervals.

By employing TruckLogics powerful maintenance scheduling tools, you won’t have to ever forget another oil change, annual registration fee, tune-up -- or anything else -- again.

Get a 15-day free trial today! There is no obligation and no payment information required.

 



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Monday, January 4, 2021

How To Report IFTA In No Time



The 4th quarter IFTA deadline is on January 31!

We know IFTA reporting can be a serious hassle -- especially when you’re short on time.

The calculated and reporting process can be maddening when done alone. 

IFTA exemptions and rates change every year, constantly complicating the process.

But you don’t have to be a mathematician to accurately report and calculate your IFTA taxes. 

You just need ExpressIFTA.

Reporting ExpressIFTA


With ExpressIFTA, reporting IFTA taxes is super simple.

Just enter your miles and fuel purchases for each date or bulk upload from a spreadsheet or ELD. Then, ExpressIFTA will take that information and automatically calculate your tax due and give you a detailed report that you can use to file with your base jurisdiction.

Truckers at gas station using ExpressIFTA for IFTA fuel tax reporting


ExpressIFTA will even check for common errors in your IFTA reporting.

Use ExpressIFTA Today


ExpressIFTA is convenient, accurate, and affordable. Generate your report today!



Want more help?

Check out this helpful step-by-step guide to generating your report with ExpressIFTA!




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