Royal Trucker Taxes provides tax preparation and accounting services for owner operators and independent truck drivers throughout the United States.

 

Running your own truck means managing income, fuel, repairs, insurance, permits, equipment and many other business expenses. Keeping those records organized can make tax preparation much easier.

 

We help owner operators organize their trucking business finances and prepare applicable federal and state tax filings based on their individual situation.

 

Owner Operator Tax Services

 

Our owner operator tax services can include:

 

• Federal and state tax preparation
• Business and personal tax returns
• Trucking business expense organization
• Tax deduction review
• Quarterly tax planning and payment organization
• LLC and S-Corp tax services
• Multi-state tax preparation
• Amended tax returns
• Tax extension preparation
• Trucking bookkeeping
• IFTA tax filing assistance
• Form 2290 filing assistance
• 1099 processing

Tax Deductions for Owner Operators

 

Owner operators may have many business expenses associated with operating a truck and running a transportation business.

 

Depending on your circumstances, business expenses may include:

 

• Fuel
• Truck and trailer expenses
• Repairs and maintenance
• Commercial insurance
• Permits and registration
• Tolls
• Parking
• Load-related expenses
• Supplies and equipment
• Accounting and professional services
• Business communications
• Other ordinary and necessary business expenses

 

Whether an expense is deductible depends on the applicable tax rules and your specific business circumstances. Keeping accurate records, receipts and supporting documentation is important when preparing your tax return.

LLC & S-Corp Taxes for Owner Operators

 

Owner operators may operate as sole proprietors, LLCs or S-Corporations, depending on their business structure and tax elections.

 

An LLC is a business entity created under state law, while an S-Corporation is a federal tax classification available to eligible businesses.

 

The appropriate tax treatment depends on your business structure, elections, income, expenses and other circumstances.

 

Royal Trucker Taxes can help organize the information needed for your applicable business and personal tax filings.

 

 

Trucking Bookkeeping for Owner Operators

 

Good bookkeeping helps you keep track of trucking income and expenses throughout the year.

 

Our bookkeeping services can help owner operators with:

 

• Monthly & Yearly bookkeeping
• Income and expense tracking
• Bank statement reconciliation
• Profit and loss statements
• Business record organization
• Tax preparation support

 

Keeping your bookkeeping current can make it easier to understand how your trucking business is performing and prepare for tax filing.

 

 

How Owner Operator Tax Preparation Works

 

Step 1 — Provide Your Records

Provide the income information, expense records, tax documents and other information needed for your tax return.

 

Step 2 — Organize Your Information

We organize the information and identify the records needed to prepare your applicable tax filings.

 

Step 3 — Prepare Your Tax Return

We prepare the applicable federal and state tax returns based on the information you provide.

 

Step 4 — Review & File

We review the completed information with you and electronically file eligible returns when applicable.

 

 

Frequently Asked Questions

 

Do you prepare taxes for owner operators?

Yes. Royal Trucker Taxes provides tax preparation services for owner operators and independent truck drivers throughout the United States.

 

Can you prepare both my business and personal taxes?

Yes. Depending on your business structure and tax situation, we can prepare applicable business and personal tax returns.

 

Do you help with trucking tax deductions?

Yes. We can help organize your business expenses and identify the information needed to report applicable deductions on your tax return.

 

Do you work with owner operators who have an LLC?

Yes. We work with owner operators operating through LLCs and can assist with applicable business and personal tax filings.

 

Do you work with S-Corp trucking businesses?

Yes. We provide tax services for eligible S-Corporation trucking businesses and their owners.

 

Can you help with bookkeeping too?

Yes. We provide trucking bookkeeping services that can help keep your income and expenses organized throughout the year.

 

Ready to Get Your Owner Operator Taxes Organized?

Whether you are an independent truck driver, owner operator or trucking business owner, Royal Trucker Taxes can help you organize your tax and accounting needs.

 

Contact us to discuss your owner operator tax preparation needs.