What Is Business Income Tax Filing?
Every trucking business—whether you’re an LLC, sole proprietor, or corporation—is required to file annual income taxes with the IRS and possibly your state.
Business income tax filing involves reporting your total income, deducting business-related expenses, and paying taxes on your net earnings.
Who Needs to File Business Taxes?
These types of trucking businesses must file annually:
- Owner-operators
- Independent contractors
- Freight carriers with employees
- LLCs or Corporations in the transportation industry
Why It Matters
Filing business income taxes correctly not only keeps your company compliant—it protects your business from penalties, audits, and overpayment.
Many truckers overpay because they miss key deductions related to:
- Fuel and maintenance
- Truck depreciation
- Per diem expenses
- Insurance premiums
- ELD and load board subscriptions
How Truckers Desk Helps
We offer complete support for business income tax filing, including:
- Organizing your yearly income and expense records
- Identifying deductible expenses to reduce your tax bill
- Filing federal and state business returns
- Providing quarterly projections to avoid surprises
- Preparing for IRS inquiries or audits
What You’ll Need
To prepare your business income tax filing, gather the following:
- Profit and loss statement or bank transaction summary
- Receipts and logs for fuel, repairs, and maintenance
- Vehicle and equipment depreciation records
- Employee or contractor payment details (if applicable)
- Previous year’s tax return (if available)
Accessibility-Friendly Tips
At Truckers Desk, we make sure our tax process is easy for everyone. Our tools and communication are:
- Readable on all screen sizes and screen readers
- Available in both English and Spanish
- Delivered in accessible PDF or digital formats on request
- Supported by live phone, email, and video calls with closed captions
Common Questions
- Do I need a separate tax return for my LLC?
- That depends on your election (sole prop, partnership, S-corp). We’ll guide you through the right filing method.
- Can I deduct fuel and repairs?
- Yes. Fuel, maintenance, tires, and even tolls are deductible business expenses.
- What if I haven’t kept great records?
- No problem—we’ll work with your bank statements and help reconstruct your year.
Let’s File Your Taxes the Right Way
Don’t leave money on the table—or risk fines from the IRS. Our experts understand trucking taxes and work year-round to keep your business protected.
Book a free consultation today.