May 19, 2025

Truck to Success

Truck to Success
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Season 2

Truck to Success, Develop Business plan, Equipment Tractor Trailer, Equipment Financing, Insurance, Owner Operator Authority, Drug & Alcohol consortium, Permits, Taxes Business structures, Entity Choice, Brokers, Factoring and Trucker Expenses. Trucking Succes depends on cost per mile and income per mile. Determine cost for truckers per mile fixed and variable costs. #trucker

Tax Talk 4 U is broadcast live Mondays at 10AM ET and Music on W4CY Radio (www.w4cy.com) part of Talk 4 Radio (www.talk4radio.com) on the Talk 4 Media Network (www.talk4media.com). Tax Talk 4 U is viewed on Talk 4 TV (www.talk4tv.com).

Tax Talk 4 U Podcast is also available on Talk 4 Media (www.talk4media.com), Talk 4 Podcasting (www.talk4podcasting.com), iHeartRadio, Amazon Music, Pandora, Spotify, Audible, and over 100 other podcast outlets.

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WEBVTT

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The topics and opinions express in the following show are

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solely those of the hosts and their guests and not

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those of w FOCY Radio. It's employees are affiliates. We

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make no recommendations or endorsements for radio show programs, services,

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or products mentioned on air or on our web. No

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liability explicitor implies shall be extended to W FOURCY Radio

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or it's employees are affiliates. Any questions or comments should

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be directed to those show hosts. Thank you for choosing

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W FOURCY Radio.

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Barry G.

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Fouler EA brings you tax talk for you right here

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on W four CY Radio and talk for TV. As

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an enrolled agent and a national leader in tax resolution

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as well as Trucker bookkeeping and tax planning. With over

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thirty years of experience, Barry will break down taxes, bookkeeping,

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tax planning, and tax relief for individuals and businesses just

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like you. So let's have some tax talk for you

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with your hosts.

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Barry G. Foul Or.

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Hey, good morning USA, and man, it's a great month morning.

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I know.

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We had a long weekend driving from basically Houston up

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to Lubbock and back, all within roughly twenty four or

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thirty hours somewhere around there. The daughter was heading out

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to do some study abroad for event, so it was

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kind of cool. In one of these days, we're gonna

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have to do a program farm taxes and stuff because

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a lot of truckers also do some ranching or some

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farming too, so it'd be good to have some good

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information on that. And if you happen to be one

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of our clients that does trucking and ranching and that

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program would be good for you. You know, we're trying to

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figure out what are we going to talk about this week.

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We're going to talk about truck to success. A truck

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to success, you know, it means trying to be a

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successful owner operator truck driver. You're running your own business.

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So I had to, you know, sit back and go, hey,

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what are we going to do? Well, it's Google this,

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and so I googled how to be a successful owner

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operator and I love. You know, sometimes we do Google

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and you do this AI overview that they give you,

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and it says here to become a successful owner operator.

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It's crucial to combine driving skills with sound business practice,

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including understanding the freight market and managing finances. Effectively. Hey,

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that means good bookkeeping, building a strong business foundation, knowing

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where you're at and where you're going. Hey, again, there

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a good reason for some good bookkeeping. And then they say,

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by focusing on these key areas, owner operators can navigate

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the challenge and achieve profitability in the trucking industry. We

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wish it was that simple. I mean we all wish

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business could be that simple. You know, if you could

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do the these couple things, now, all of a sudden,

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you are a successful owner operator. Hey, it doesn't have

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anything to do you know what market rates are for

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the loads that you're going, or how people undercut this

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market and they're driving and transporting goods that they can't

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even afford to do at the price of fuel and

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maintaining their equipment or at least payments. You know, they

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think they have to do this to make things work. Now,

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here's what I really recommend you as an owner operator

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or maybe you're wanting to become an owner operator. There

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is a great seminar called Truck to Success. Now it's

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not our seminar. The seminar is put on by oh

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Ida Foundation. So if you go and search up truck

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to Success, google it and it will take you to

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hopefully oidea dot COM's at online Education truck to Success.

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The seminar is going to be held on October twenty

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first through the twenty fifth or twenty third in Blue Springs, Missouri.

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Now they also offer you know, being able to watch

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and participate in this via zoom. I suggest you get

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in and register. Now you get some really good benefits.

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I'm going to be there and I'm going to be

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talking about bookkeeping, tax's, lease, purchase, entity choice, all those

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things I'm going to get to talk about. But even

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better than that, we get to sit in the lobby

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after the seminar or every evening and top Trucking. You

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guys get to tell me, Hey, why you're looking to

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become an owner operator or maybe you're already an owner

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operator and you're just coming to improve your business because

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there's a lot of information here. And I sit through

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this seminar every year and get to listen and listen

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to oida's staff and the foundation talk about trucking and

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everything it takes to be an owner operator. And sometimes

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I'm amazed that the rules and regulations that all the

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owner operators have to go through have to follow, and

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if you're leased on to somebody, you know, hey, sometimes

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it's a little bit easier if you're going to go

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and operate under your own authority. Sometimes you have a

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lot more difficulties out there. The tractic success is going

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to feature the trainers from OIDA and trusted experts like

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myself and you know, so we're in contact with owner

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operators on a daily basis and you know, trying to

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get you as much information as possible. So you're serious

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about your desire to become an owner operator or improve

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your business, then come to this.

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Again.

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It's October twenty first to the twenty third. Hey, you

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know what, even the fees to attend the seminar are

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tax deductible for your business, So why not spend the

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time to come up and learn. Hey, you may be

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having this great desire to become an owner operator out

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there and you may come to the seminary and go,

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oh man, this isn't for me. Maybe this isn't more

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than I really want to bite off into that. I

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just want to stay a W two driver because it's

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so much easier. Being in business isn't for everybody, and

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being in business for yourself. You've got to be driven.

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And it doesn't matter what business you're in, whether you're

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going to be an owner operator, whether you're going to

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operate a retail store, you're going to be a consultant,

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whatever business you're going to be in, you have to

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be self driven. See, when you are an owner of

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your own business, nobody makes you get up in the

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morning to get your paycheck. You have to earn it

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every day. Earn it through taking care of your clients,

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your customers earn it, but by providing the services that

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they're paying for in the best possible way. Now, when

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you you are an owner operator, you've got to make ends. Meeting,

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you've got to make money. You not only just have

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to pay the bills for business, but you've got to

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pay yourself and pay the tax man. Unfortunately, that happens too.

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So you know, get in registered trusts, success, come out

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there and joy and join us. Hey, I say, being

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in person is so much better than being on zoom

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or watching this. Virtually, you're going to learn a lot

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either way, but you learn so much more being there

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with other people that are looking to become owner operators.

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Being there to where we can sit in the lobby

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and talk. Even sometimes I get staff with o IDA

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to come out and join us in the lobby and

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continue talking and having a conversation. There's nothing better than

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having that conversation to learn a lot more about what

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you need to do as a truck or as an

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owner operator. You know, whether it's the bookkeeping sideway, that's

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the tack side or entity side, it's all the information

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that you need and sometimes things that are happening in

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your life, you've got to look at how it's going

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to affect you. So the things that you're going to

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get at TRUCGIC success, You're going to learn how to

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develop a business plan. You know what should be in

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the business plan. How to borrow money. You've got to

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when you're going to borrow money, you definitely have to

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have a plan. Now you can go borrow money or

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at least a truck or be leased on at least

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a truck from them. Sometimes, you know those walk away

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leases you'll hear Louis and other people at OI I

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DA talk about. You know, they walk away with your

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money is what generally happens. But they'll go through the good,

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the bad, the ugly of the information out there. You know,

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you're going to be talking about business plans, exploring short term,

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mid term, long term goals and how to track them.

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It's you've got to learn how all the costs of operations,

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including fixed costs of variable costs, and what those different

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costs are and how you can actually control some of

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those expenses and you know, assets and liabilities and then

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managing all this and managing the costs. You've got to

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develop something that's very realistic and looking at the freight

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and the freight costs that you're going to have using

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load boards, spot market versus contract rates, how to figure

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a fuel surcharge advantages and some disadvantages and things that

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you need to include in your business plan. You know,

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they walk you through this. They help you through this

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so that you can develop the business plan that is

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right for you, you and your business, and you to

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help determine what you need in reserves in cash to

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make it through the short term while you're waiting and

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working on expanding your revenue base and your income that's

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coming in so that you have the knowledge to build

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this business. After this break, we're going to start talking

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a little bit about equipment. You're going to need new

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versus used. We'll talk about that in just a minute.

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We have only scratched the surface of today's show. Please

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stand by as Barry G. Fowler will be right back

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with tax talk for you. If you own the IRS

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or are going through an IRS audit, don't go at

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it alone. Called Taxation Solutions tax Relief that eight eight

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eight nine three zero one zero one six. We are

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your solution for IRS tex audits, back taxes, garnishments, leans

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and levies. Whether you're an individual or business, you need

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a solution and a strong aggressive tax resolution.

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Don't let the IRS walk all over you.

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Stop the IRS now call eight eight eight nine three

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zero one zero one six or go to Taxationsolutions dot

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net now for a free no obligation consultation. Let's get

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back to tax stock for you with more tax stock

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once again.

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Here's your host, Barry G. Fowler.

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Hey, welcome back. Before we get too far in this,

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if you are an owner operator out there, truck driver

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looking for bookkeeping and tax services, and we've got a

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great low rate and special going on right now. Of

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about it simply twenty five dollars a week or one

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truck operation. We manage all your bookkeeping for you. As

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a matter of fact, if you're not a member of

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O I d A, we'll pay for your first year's

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membership out there with o IDA. So call us, let

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us know that you're looking for the low rate, and

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let us know that you're looking to become a member

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of Old Idea and we'll take care of that for

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you as well when you sign up for bookkeeping with us.

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And we're talking about equipment, now, I hear this all

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the time. You know, hey, should I buy this new

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piece of equipment or should I buy this used piece

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of equipment? You know a lot of times it's you know,

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personal choice. But one of the advantages you have of

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a new truck you can spec it to your operation.

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But you need to know, hey, how are you planning

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to operate? What kind of loads you're going to be carrying,

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And you can kind of get carried away out there

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in the cost of it. And a new truck could

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also be better, you know, in fuel mileage as well.

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So you know, what you want to do is be

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able to sit down and and figure out exactly what

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you're looking to drive. Now, when we're at Truck to Success,

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you know, they talk about learning about specific tools that

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are out there to help you spec the truck for

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your operation. You know, it's a ten speed better than

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an eighteen speed? What gear ratios entire sizes should I

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use for my operations that gives you the best duel,

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miledge and power. You know that's not stuff I do

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as a tax guy, but oh I DA definitely can

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talk to you about this in this in the seminar

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Truck to Success is a great place to do it.

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You know, also, you know what kind of warranties you

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should be looking for. Make sure you get everything in writing.

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You know, when you're talking to Old Idea, they're not

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bound to any manufacturers, so they're going to kind of

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help you walk you through what o Idea has experience with,

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you know, different engines and truck manufacturers out there. They

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can also talk to you a little bit about life

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cycles and new trucks, which is really kind of cool.

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And then other costs that you may have such as

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newer emissions, maintenance you're wanting to go into California or something. Man,

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you've got to have a newer truck. You can't have

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one of the older trucks out there because of the

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emissions requirements. And then you know there are odd states

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out there that have lemon laws for trucks as well,

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so you know where you buy it could be important.

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Now there's huge trucks out there too. You know what

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they're going to show you is some ways to find

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out how a truck has been abused, how it's been abused,

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how they've been taken care of. Walk you through a

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little bit of you know what you need to do

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to check the truck out and where you're going to

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find most of the red flags. Should you ask for

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an oral analysis? Should you ask for the last ECM reading?

247
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And how to read and look for potential problems with

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the truck engine transmission? The things you can learn. Now, hey,

249
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if you've been an owner operator, you know a lot

250
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of this stuff. Maybe you don't know, and you've had problems.

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We've had a lot of clients they bought us trucks.

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Thank god, they bought the warranty and they're getting it mixed.

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One of the big problems they have is equipment of financing.

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You know, when you when you walk out and you're

255
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going to find a piece of equipment that you want.

256
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And this goes in any business out there, and whether

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you're buying new or used, and you're going to go

258
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through some kind of financial institution, it's going to depend

259
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sometimes on your credit score. Some of the truck companies

260
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will loan you the money at a very high interest rate.

261
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Read your loan document. There are some loan documents we've

262
00:16:10.919 --> 00:16:15.360
seen don't even disclose interest rates to you. It was

263
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a lease least purchase, and the interest rates were actually

264
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closer to thirty percent. But if you don't read and

265
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don't look at the numbers out there, it can cost

266
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you an arm andal ay and more than you can

267
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actually afford. So you really need to look at what

268
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you're getting into tru success. We've talked about, you know,

269
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learning what lenders concentrate on, such as tradelines, both negative

270
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and positive tradelines will be discussed, and what lenders look

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for on credit applications or with the magic score on

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the credit application. And then the pros and cons of

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various financing operations options out there, such as loans or

274
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finance lease, residual lease, lease purchase. Should you purchase a trailer,

275
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pros and cons of various trailer types. Maybe you're gonna

276
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lease on with somebody that they're going to provide to

277
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the trailers. We have a lot of people that do that.

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They buy the tractor and the trailers provided from where

279
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they're leased on. So there's a lot of options. Need

280
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to sit down and look at it, you know, so

281
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when you're buying a truck, you know way all the

282
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options you have out there, so that you know do

283
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you buy the new use by how the financing.

284
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Is going to go.

285
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You've got to look at all that so that it

286
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makes sense for you and your business. And you've got

287
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to remember you've got to cover that payment. And if

288
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you're leasing a truck from where you're leased on and

289
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then all of a sudden you're towards the last year

290
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of your lease and the loads slowed down, are you

291
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going to continue to pay for this lease or are

292
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they taking the truck back in your sol You know,

293
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those are some of the things that we talk about

294
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in Truck to Success Seminar, so that you know, hey,

295
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you've got information in your hands to make good, solid decisions.

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Now.

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Trust success. You know, it's it's about you and your

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business making your business a success, because that's the key.

299
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It's the way you stay in business. See whether you'ren owner, operator,

300
00:18:32.359 --> 00:18:36.440
truck driver, or small business owner. It really doesn't matter.

301
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You have to be successful. That doesn't mean break even.

302
00:18:40.240 --> 00:18:43.160
That means bringing in enough money to support you and

303
00:18:43.240 --> 00:18:46.720
your family and pay the taxes. Ye pay the tax

304
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got to pay the tax guy Uncle Sam needs its

305
00:18:50.000 --> 00:18:55.119
cut of everything you do as well. So you've got

306
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to plan. You've got to have the right equipment and

307
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the right financing, and then you got to start talking

308
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about insurance and the types of insurance that may be required,

309
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and the amounts of insurance that is required that is

310
00:19:10.279 --> 00:19:14.680
set by the Federal Motor Carrier Safety Association, and then

311
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other types of insurance that you may need if you're

312
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operating under your own authority or if you're leased to

313
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a carrier. So let's say, for example, you decide to

314
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hear an elites on. It is a carrier who's generally

315
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responsible for carrying the public liability. However, many carriers charge

316
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it back with the premium. You see, those carriers are

317
00:19:38.160 --> 00:19:42.240
making money coming and going moreover their instances, where least

318
00:19:42.680 --> 00:19:45.599
on our operators will not be covered under the carrier's

319
00:19:45.680 --> 00:19:48.119
insurance and you're going to need to carry your own

320
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insurance instead. And then there's some insurance that is optional

321
00:19:54.039 --> 00:19:58.640
that provides extra layers of protection. And then insurance costs

322
00:19:58.640 --> 00:20:03.880
are going to vary on numerous factors, and you know,

323
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it could be your driving brak, be the type of

324
00:20:07.920 --> 00:20:13.640
material that you're carrying, it's tasmad or not. A single

325
00:20:13.680 --> 00:20:18.640
accident can cast your business basically everything you've worked for,

326
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So you're going to need to know, you know, hey,

327
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what is required, what's needed. You can't operate without insurance,

328
00:20:25.680 --> 00:20:27.799
and you've got to actually have it all in place

329
00:20:27.960 --> 00:20:31.960
before you can even begin to get out there and operate. So,

330
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you know, putting that information together and those information is

331
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valuable in developing your business plan as well, Like one

332
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of the first things we talked about is developing that

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business plan. Now we're going to take a short break.

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When we come back, we're going to talk about your

335
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decision to be an owner operator, whether it's your own

336
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authority or at least on a carrier. We'll be right

337
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back after that.

338
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We have only scratched the surface of play's show. Please

339
00:21:00.480 --> 00:21:03.960
stand by as Barry gif Fowler will be right back with.

340
00:21:04.160 --> 00:21:05.240
Taxtock for you.

341
00:21:08.200 --> 00:21:11.279
As an owner operator, you already spend too much time

342
00:21:11.319 --> 00:21:15.119
away from your family. Trucker Tax Tools handles all your

343
00:21:15.119 --> 00:21:18.359
bookkeeping and taxes no matter what level trucker you are.

344
00:21:18.599 --> 00:21:21.799
Life on the road can be taxing, but that doesn't

345
00:21:21.839 --> 00:21:25.200
mean that your wallet or time with your family should suffer.

346
00:21:25.720 --> 00:21:28.880
Trucker Tax Tools makes your life run smoothly.

347
00:21:29.400 --> 00:21:31.880
Go to Trucker tax Tools dot com.

348
00:21:31.519 --> 00:21:34.240
For a free guide that will give you the tools

349
00:21:34.559 --> 00:21:38.559
to never worry about your taxes again. Call Trucker Tax

350
00:21:38.599 --> 00:21:43.519
Tools eight seven seven nine six six two four seven seven,

351
00:21:43.799 --> 00:21:46.920
or go to Trucker tax Tools dot com now and

352
00:21:47.079 --> 00:21:53.319
let the experts keep you trucking. Let's get back to

353
00:21:53.480 --> 00:21:57.200
tax stock for you with more tax stock once again.

354
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Here's your host, barrygf.

355
00:22:02.480 --> 00:22:04.960
Hey, welcome back. Hey, don't forget to call truck or

356
00:22:04.960 --> 00:22:07.799
tax Tools here at eight seven seven nine nine six

357
00:22:07.839 --> 00:22:12.640
two four seven seven. Hey, get that low bookkeeping rate,

358
00:22:12.759 --> 00:22:18.200
get started. See you know where you are in business? Hey,

359
00:22:18.200 --> 00:22:21.960
this introductory rate for new clients. Also, if you're not

360
00:22:22.039 --> 00:22:24.440
a member of the oh IDA, we'll pay for that

361
00:22:24.519 --> 00:22:28.079
first year's membership with oh IDA. See creep the benefits

362
00:22:28.160 --> 00:22:35.240
of belonging to IDA. And there's some other good associations

363
00:22:35.240 --> 00:22:39.079
out there that we're associated with the specials coming from

364
00:22:39.480 --> 00:22:42.799
working with oh Ida and working with them on Truck

365
00:22:42.839 --> 00:22:45.720
to Success seminar as well. Hey, right before the break,

366
00:22:45.759 --> 00:22:48.880
we were talking about that big decision should I be

367
00:22:48.920 --> 00:22:52.279
an owner operator under my own authority or should le

368
00:22:52.440 --> 00:22:55.119
sign to a carrier? Hey, in my opinion, listening to

369
00:22:55.160 --> 00:22:58.200
this seminar and being at this seminar every year, by

370
00:22:58.200 --> 00:23:00.680
the way, don't forget to register for Truck to Success

371
00:23:01.480 --> 00:23:03.680
now and get a little bit of discount with them.

372
00:23:04.559 --> 00:23:08.200
That seminary is in Blue Springs, Missouri, or on virtually

373
00:23:08.279 --> 00:23:11.559
on Zoom and it's October twenty first to twenty third.

374
00:23:11.599 --> 00:23:13.599
I hope you're going to come out and be at

375
00:23:13.799 --> 00:23:17.279
Trying to Success and meet me and be able to

376
00:23:17.279 --> 00:23:21.440
sit have dinner with me in the lobby and let's

377
00:23:21.680 --> 00:23:24.680
talk about trucking. But you know, when I look at it,

378
00:23:25.079 --> 00:23:27.279
a lot of the people coming out and becoming an

379
00:23:27.279 --> 00:23:30.160
owner operator. The best way to get started sometimes is

380
00:23:31.279 --> 00:23:33.680
being leased onto a carrier. At least it gets your

381
00:23:33.680 --> 00:23:37.720
feet wet owning and operating a business as an owner

382
00:23:37.759 --> 00:23:43.119
operator and taking that first step being leased on gives

383
00:23:43.119 --> 00:23:46.279
you time, get your feet wet, get yourself established, and

384
00:23:46.359 --> 00:23:48.599
figure out everything you need to be from there and

385
00:23:48.720 --> 00:23:52.680
you might get on a good least. Have many clients

386
00:23:52.680 --> 00:23:56.640
who have gotten on dedicated routes and making a good

387
00:23:56.640 --> 00:24:00.599
amount of money operating on a dedicated out They know

388
00:24:00.680 --> 00:24:04.640
it's consistent, it's there, and they're making good money and

389
00:24:04.680 --> 00:24:07.559
now at least on and they're doing very very well,

390
00:24:07.920 --> 00:24:09.680
and they prefer it to be that way. They don't

391
00:24:09.720 --> 00:24:12.640
want to have to go chase dollars or anything from

392
00:24:12.799 --> 00:24:16.200
anybody out there, or use a broker that's going to

393
00:24:16.200 --> 00:24:19.759
take more money from them as well. But if you're

394
00:24:19.759 --> 00:24:21.240
going to be leased on, you are going to sign

395
00:24:21.279 --> 00:24:24.240
a lease agreement. It is a binding document between you

396
00:24:24.400 --> 00:24:28.559
and the carrier. The one thing you need to, you know,

397
00:24:28.960 --> 00:24:32.839
make sure of is that you are your own person,

398
00:24:33.279 --> 00:24:37.240
You are your own owner operator. You are still running

399
00:24:37.279 --> 00:24:40.160
your own business. You're not being dictated every single thing

400
00:24:40.279 --> 00:24:44.240
under the sun being leased on to the carrier, because

401
00:24:44.240 --> 00:24:48.240
then maybe you might be a W two employee. So

402
00:24:48.279 --> 00:24:53.680
that's something you've got to look at. Sometimes owner operators

403
00:24:53.720 --> 00:24:56.400
are also going to lease their equipment to the carrier

404
00:24:57.039 --> 00:25:00.799
and then so that you may become W two and

405
00:25:00.839 --> 00:25:03.440
the equipment's leads to them. There's a lot of different

406
00:25:03.440 --> 00:25:08.640
options out there. If you're under your own authority or

407
00:25:08.759 --> 00:25:11.480
want to operate under your own authority, you've actually got

408
00:25:11.480 --> 00:25:16.440
to apply through the Department of Transportation. It's not very complicated,

409
00:25:16.440 --> 00:25:19.920
but it can get very confusing, and you need to

410
00:25:19.960 --> 00:25:22.559
make sure that you've got the right advice. Oh Idea,

411
00:25:22.759 --> 00:25:25.640
it is great giving you the advice you need to

412
00:25:25.680 --> 00:25:30.279
fill this paperwork out correctly. Thousands of authority filings are

413
00:25:30.319 --> 00:25:34.480
not filled out correctly and the Department of Transportation does

414
00:25:34.559 --> 00:25:37.279
not qualify you. So you may have sitting there waiting

415
00:25:37.640 --> 00:25:42.119
definitely without knowing. The Department of Transportation isn't very good

416
00:25:42.119 --> 00:25:46.039
at talking to to you. But oh Idea does have

417
00:25:46.079 --> 00:25:48.599
an authority department. We do not We do not help

418
00:25:48.640 --> 00:25:50.400
you get an authority. We will refer you to oh

419
00:25:50.559 --> 00:25:54.759
IDA or some other associations out there that will actually

420
00:25:54.759 --> 00:25:58.400
help you through the process. But oh Idea has an

421
00:25:58.400 --> 00:26:02.200
authority department that I'll actually walk you through this. And

422
00:26:02.359 --> 00:26:08.319
there's potential pitfalls, potholes you may fall into that you'll

423
00:26:08.359 --> 00:26:13.599
never get out of and be waiting definitely, oh Idea

424
00:26:13.720 --> 00:26:16.960
and try to success. Uses a great example about you know,

425
00:26:17.079 --> 00:26:20.880
let's say you want to hazmat there's a whole different

426
00:26:20.920 --> 00:26:25.279
program out there, and hey, you may want to list

427
00:26:25.359 --> 00:26:29.319
that you'll run in all forty eight states, which will

428
00:26:29.519 --> 00:26:33.799
change your insurance rates. So things that you need to

429
00:26:34.680 --> 00:26:38.039
really pay attention to is where you're going to run,

430
00:26:38.240 --> 00:26:40.319
how many states you're going to run, how far you're

431
00:26:40.319 --> 00:26:43.480
going to run. Because of all the impacts that it has,

432
00:26:43.839 --> 00:26:48.839
getting good advice about getting your own authority is key

433
00:26:49.319 --> 00:26:52.519
and also key to going back and developing that business plan,

434
00:26:53.960 --> 00:26:57.279
so you know, not only does affect your insurance rates,

435
00:26:57.359 --> 00:27:01.200
it affects the cost of permits that you'll need to purchase.

436
00:27:01.640 --> 00:27:07.720
And you're totally responsible for all aspects of your business

437
00:27:08.279 --> 00:27:12.880
and there's a lot more paperwork and accountability involved. And

438
00:27:12.920 --> 00:27:15.680
that's all things we talk about at truck Success that

439
00:27:15.759 --> 00:27:17.720
is there. You know.

440
00:27:17.759 --> 00:27:19.000
The other fun.

441
00:27:18.839 --> 00:27:23.799
Part is listening to this was the drug and Alcohol

442
00:27:24.839 --> 00:27:30.759
Consortium and requirement and it's one of the most cited

443
00:27:30.880 --> 00:27:35.880
violations from what I understand, because you don't belong as

444
00:27:35.960 --> 00:27:39.079
a owner operator with their own authority to a drug

445
00:27:39.160 --> 00:27:45.480
consortium and it is mandatory that you belong to consortium

446
00:27:45.920 --> 00:27:49.480
and that tests are conducted in a certified lab as well.

447
00:27:50.839 --> 00:27:52.960
There's a lot of owner operators that aren't familiar with

448
00:27:53.000 --> 00:27:57.359
these requirements, especially when you have your own authority. Now,

449
00:27:57.480 --> 00:28:03.640
my favorite part is when we talk about business structure.

450
00:28:04.119 --> 00:28:07.079
That's my part. Now, what I really love talking about

451
00:28:07.079 --> 00:28:11.160
business structure is that they have me come in and

452
00:28:11.279 --> 00:28:15.200
talk about it and wanted me to get out liability stuff. Now,

453
00:28:15.240 --> 00:28:17.319
I'm not an attorney, never wanted to be attorney, and

454
00:28:17.359 --> 00:28:20.880
don't charge legal fees. So when I talk about liability,

455
00:28:21.000 --> 00:28:24.240
I talk about what my friends tell me that our attorneys. Yes,

456
00:28:24.319 --> 00:28:26.279
I have a couple of friends that are attorneys, so

457
00:28:26.799 --> 00:28:30.839
we'll holding it against me. They are good people, but

458
00:28:31.119 --> 00:28:33.920
they basically tell me that if you are the owner

459
00:28:34.000 --> 00:28:36.640
operator and you're the driver of the truck and you

460
00:28:36.720 --> 00:28:39.400
were in an accident, you're getting sued just as much

461
00:28:39.440 --> 00:28:42.599
as your businesses, and the business isn't going to stop

462
00:28:42.759 --> 00:28:47.839
somebody coming through ensuing you because you are still one

463
00:28:47.920 --> 00:28:51.480
of the responsible parties when you're behind the wheel of

464
00:28:51.519 --> 00:28:56.599
that eighteam wheeler. Now, if you have contractors or you

465
00:28:56.680 --> 00:29:01.319
have employees driving for you and they do something wrong,

466
00:29:01.839 --> 00:29:05.759
as long as you've kept your corporate veil in place

467
00:29:05.799 --> 00:29:08.759
and haven't screwed any of that stuff out, the company

468
00:29:08.880 --> 00:29:12.720
should stop the liability at the value or the money

469
00:29:12.799 --> 00:29:16.880
that's in the company. Okay, insurances for that is. Now

470
00:29:17.279 --> 00:29:19.920
what I advise you is if you're talking about business

471
00:29:19.920 --> 00:29:23.079
structure for liability protection is pick up the phone and

472
00:29:23.160 --> 00:29:26.759
call your attorney. Talk to them. Make sure it's structured

473
00:29:26.839 --> 00:29:29.519
right and you are dotting the i's and crossing the

474
00:29:29.519 --> 00:29:32.960
t so you protect yourself and a liability. Now, what

475
00:29:33.000 --> 00:29:38.519
we really talk about is how this entity helps you

476
00:29:38.640 --> 00:29:43.039
tax wise. Single member LLC taxed as a single member

477
00:29:43.279 --> 00:29:46.640
is schedule. See total net income is going to be

478
00:29:46.720 --> 00:29:50.720
tax for Social Security, Medicare and federal income tax and

479
00:29:50.759 --> 00:29:55.720
state income tax. A single member LLC taxed as an escort,

480
00:29:56.319 --> 00:30:00.000
you must have payroll and that payroll is the only

481
00:30:00.079 --> 00:30:03.240
the amount that's taxed for Social Security and Medicare, but

482
00:30:03.279 --> 00:30:06.559
it's also taxed for federal income tax date income tax.

483
00:30:06.920 --> 00:30:09.960
You also receive a K one with net income from

484
00:30:09.960 --> 00:30:14.359
the business, which is also taxed for federal state income

485
00:30:14.400 --> 00:30:18.599
taxes but not taxed for Social Security and Medicare. But

486
00:30:19.519 --> 00:30:22.839
being an s corp owner, if you're working in the business,

487
00:30:23.079 --> 00:30:28.240
you must have reasonable salary faederal. Now, if you're incorporated

488
00:30:28.720 --> 00:30:31.680
and you haven't made the s core election, you're taxed

489
00:30:31.720 --> 00:30:35.640
as a corporation on eleven twenty and you get double taxation,

490
00:30:36.319 --> 00:30:40.039
meaning corporation pays a tax and then distributions to you

491
00:30:40.160 --> 00:30:44.200
are dividends and taxed at your federal income tax rate

492
00:30:44.640 --> 00:30:48.559
on your personal tax return. And you must have payeral

493
00:30:48.599 --> 00:30:52.480
for the people working business. But your money is taxed

494
00:30:52.519 --> 00:30:55.119
at the corporate level and then taxed again when it's

495
00:30:55.160 --> 00:30:57.960
distributed to you at the personal If you make the

496
00:30:58.079 --> 00:31:03.000
s core election, then you're taxed with payroll again and

497
00:31:03.240 --> 00:31:07.119
net incomes tax at federal and state income tax rates.

498
00:31:07.359 --> 00:31:10.680
Multi member LLC can be taxed either as a partnership

499
00:31:10.880 --> 00:31:14.839
or as a escort, but you have to make the election. Now.

500
00:31:14.920 --> 00:31:18.119
We're going to talk about LLC tax as a partnership

501
00:31:18.559 --> 00:31:19.480
right after this break.

502
00:31:20.720 --> 00:31:24.400
We have only scratched the surface of today's show. Please

503
00:31:24.440 --> 00:31:27.680
stand by as Barry G. Fowler will be right back

504
00:31:27.759 --> 00:31:33.599
with tax stock for you. As an owner operator, you

505
00:31:33.839 --> 00:31:37.240
already spend too much time away from your family. Stop

506
00:31:37.359 --> 00:31:41.599
spending time doing paperwork. Go to Trucker tax tools dot com,

507
00:31:41.759 --> 00:31:46.319
a solution built specifically for truckers. Trucker tax tools dot

508
00:31:46.319 --> 00:31:52.400
Com makes your life run smoothly. Let's get back to

509
00:31:52.559 --> 00:31:56.279
tax stock for you with more tax stock once again.

510
00:31:56.759 --> 00:31:59.279
Here's your host, BARRYG. Fowler.

511
00:32:01.759 --> 00:32:05.400
Hey, welcome back. We were talking about LLC's and you

512
00:32:05.440 --> 00:32:08.000
know when we talk about LLCs and inks and escorts

513
00:32:08.000 --> 00:32:11.880
and partnerships, this applies to all small businesses out there.

514
00:32:11.880 --> 00:32:16.480
Are all businesses out there on how you can limit

515
00:32:16.559 --> 00:32:20.119
your tax liabilities as well. But if you are an

516
00:32:20.400 --> 00:32:25.440
LLC and maybe your husband and wife and you both

517
00:32:25.480 --> 00:32:28.039
own the business, we can have it taxed as a

518
00:32:28.079 --> 00:32:32.599
partnership and being taxed as a partnership. Again, you can

519
00:32:32.720 --> 00:32:35.519
limit what is going to get taxed for Social Security

520
00:32:35.519 --> 00:32:42.119
and Medicare by what they allow for partners that are

521
00:32:42.160 --> 00:32:44.440
working in the business should be getting what they call

522
00:32:44.559 --> 00:32:50.559
guaranteed payments. So if you give your partner a guaranteed payment,

523
00:32:50.799 --> 00:32:53.640
that is what is subject to self employment tax, Social

524
00:32:53.680 --> 00:32:57.480
Security and Medicare. Now, guaranteed payment still has to be

525
00:32:57.519 --> 00:33:01.640
a reasonable wage page the person working in the business.

526
00:33:01.640 --> 00:33:04.960
So you as a truck driver getting a reasonable salary

527
00:33:05.359 --> 00:33:08.319
through your guaranteed payments, you will still get tax on

528
00:33:08.359 --> 00:33:12.720
your personal tax return for the guaranteed payment amount. Subjects

529
00:33:12.720 --> 00:33:15.319
of Social Security and Medicare, and the rest of the

530
00:33:15.319 --> 00:33:18.160
money that comes over to you would only be taxed

531
00:33:18.160 --> 00:33:21.559
for federal income in state taxes as well as the

532
00:33:21.599 --> 00:33:27.200
guarantee payments subject to betteral and state income tax as well.

533
00:33:27.240 --> 00:33:28.799
If you happen to be in one of the states,

534
00:33:28.799 --> 00:33:33.119
it does charge income taxes out there. So you know,

535
00:33:33.319 --> 00:33:35.319
those are the kind of the things you need to

536
00:33:35.319 --> 00:33:35.759
look at.

537
00:33:36.319 --> 00:33:36.559
Now.

538
00:33:36.799 --> 00:33:39.599
If you're set up as a SOLI providership or you're

539
00:33:39.599 --> 00:33:43.799
set up as a single member LLC, we see the

540
00:33:43.839 --> 00:33:47.039
biggest violation is running payroll for the owners of the

541
00:33:47.079 --> 00:33:50.640
business being that you're on schedule. See, you don't do

542
00:33:50.799 --> 00:33:53.720
payroll because your net income for your business is taxed

543
00:33:54.079 --> 00:33:56.680
for Social Security and Medicare and self employment, so there

544
00:33:56.759 --> 00:33:59.839
is no payroll run and no payroll taxes or payroll

545
00:33:59.880 --> 00:34:03.559
time tax forms unless you've hired somebody out there. The

546
00:34:03.599 --> 00:34:06.240
best thing I tell you is is call Trucker Tax

547
00:34:06.240 --> 00:34:08.800
Tools or go to Trucker tax tools dot com and

548
00:34:08.960 --> 00:34:11.760
register there for us to give you a free consultation

549
00:34:11.840 --> 00:34:14.079
and a free call, or to just pick up the

550
00:34:14.079 --> 00:34:17.639
phone and give us a call here at Trucker Tax

551
00:34:17.679 --> 00:34:21.440
Tools at eight seven seven nine six six two four

552
00:34:21.519 --> 00:34:25.280
seven seven again eight seven seven nine six six two

553
00:34:25.280 --> 00:34:30.199
four seven seven, ask for our lowest rates. If you're

554
00:34:30.199 --> 00:34:34.360
a single truck I want to operator out there. You

555
00:34:34.360 --> 00:34:36.440
know we can start you as simply as twenty five

556
00:34:36.480 --> 00:34:39.920
dollars a week for bookkeeping, and then if you're not

557
00:34:39.960 --> 00:34:43.639
a member of IDA, we'll pay for that membership. Well,

558
00:34:43.679 --> 00:34:46.320
we'd love to have you. I mean, as matter of fact,

559
00:34:46.599 --> 00:34:48.480
staff just told me we got a couple of phone

560
00:34:48.519 --> 00:34:52.960
calls here today already, people getting signed up to get

561
00:34:52.960 --> 00:34:56.000
their book keeping started. Even if you've been working with

562
00:34:56.039 --> 00:34:59.639
somebody else and looking for a lower rate, great service.

563
00:34:59.800 --> 00:35:02.159
You call us here at Trucker tax Tools and go

564
00:35:02.199 --> 00:35:05.960
to Trucker tax tools dot com. Hey, one of my

565
00:35:06.039 --> 00:35:09.360
best things that I love hearing about, And man, I

566
00:35:09.400 --> 00:35:14.119
am passionate about this. They start talking about brokers and factory.

567
00:35:14.400 --> 00:35:17.840
What I'm passionate about is about the factoring side. We'll

568
00:35:17.840 --> 00:35:21.119
get to that in a minute. Sometimes when you got

569
00:35:21.119 --> 00:35:25.519
your own authority out there and carriers owner operators, sometimes

570
00:35:25.599 --> 00:35:29.440
you use broker to find you loads. Make sure you're

571
00:35:29.480 --> 00:35:31.760
doing your due diligence. Some of these brokers with seeing

572
00:35:31.800 --> 00:35:36.000
our scam artists out there, make sure they're bonded and

573
00:35:36.400 --> 00:35:40.360
sure any bonds and the trust. So you know, you've

574
00:35:40.400 --> 00:35:42.159
got to make sure that you have a lot of

575
00:35:42.159 --> 00:35:45.000
these things that are out there and don't get burned

576
00:35:45.079 --> 00:35:50.239
by those those brokers out there. And you know, look

577
00:35:50.280 --> 00:35:53.840
at loadboards and other things because you're going to be

578
00:35:53.880 --> 00:35:58.079
responsible for your own loads and making sure you know,

579
00:35:58.280 --> 00:36:03.079
getting loads so you're not at heading anywhere. Factoring. I

580
00:36:03.159 --> 00:36:05.800
see this all the time. You see people get into

581
00:36:05.840 --> 00:36:08.360
business and you know the first thing they've got to

582
00:36:08.400 --> 00:36:12.159
do is start factoring. Factoring is something that helps you

583
00:36:12.199 --> 00:36:14.800
with the media cash flow, but as a dead end

584
00:36:15.480 --> 00:36:20.199
in my opinion, if your need immediate cash, yeah, sometimes

585
00:36:20.239 --> 00:36:23.000
you've got to use it, but it's hard to win

586
00:36:23.360 --> 00:36:26.519
yourself off of it. And it doesn't seem bad when

587
00:36:26.559 --> 00:36:33.480
it's three percent for or two percent up front on

588
00:36:33.719 --> 00:36:36.360
the invoices, but if you extrapo lay that out to

589
00:36:36.920 --> 00:36:40.599
an annual interest rate, it's quite expensive. You know, if

590
00:36:40.599 --> 00:36:44.000
you're getting hard and charge every single invoice three percent

591
00:36:44.559 --> 00:36:48.760
off of it, when your net income from your business

592
00:36:48.880 --> 00:36:52.800
is running at you know, twelve percent before you pay

593
00:36:52.840 --> 00:36:56.599
that three you know, now you're now you're down to

594
00:36:56.719 --> 00:36:59.719
only a nine percent. Sometimes it's hard to run business

595
00:36:59.719 --> 00:37:04.440
when you cash flow is affected. So we always tell you, hey,

596
00:37:04.440 --> 00:37:07.239
go back to that business plan when you establish it

597
00:37:07.280 --> 00:37:09.639
and you're deciding how much cash you need to have

598
00:37:09.719 --> 00:37:13.360
on hand, give yourself that time in the window to

599
00:37:13.400 --> 00:37:18.840
make sure that if you're invoicing that your collections everything

600
00:37:18.840 --> 00:37:21.920
will be able to keep up cash flows that are

601
00:37:21.960 --> 00:37:26.480
out there. So having that sixty ninety day cash in

602
00:37:26.559 --> 00:37:30.280
the bank or cash readily available you know, whether through

603
00:37:30.320 --> 00:37:33.800
the line of credit or maybe through your own personal

604
00:37:33.840 --> 00:37:38.400
savings out there could really be key and key for

605
00:37:38.519 --> 00:37:44.639
your business. Now we talk about trucking and we talk

606
00:37:44.719 --> 00:37:49.000
about the keys to success. Keys to success is knowing

607
00:37:49.039 --> 00:37:52.199
your costs. Now, we don't just talk about knowing the

608
00:37:52.239 --> 00:37:56.320
costs of hey, your truck payment or your insurance payment,

609
00:37:56.559 --> 00:37:59.960
but all your deductions, your fixed costs and variable cost

610
00:38:00.400 --> 00:38:04.639
what you've got to cover out there through the goods

611
00:38:04.679 --> 00:38:09.480
that you're transporting on a weekly basis, and how you're

612
00:38:09.480 --> 00:38:12.960
going to make ends meet. But one of the best

613
00:38:13.000 --> 00:38:18.559
things is learning how to figure your cost per mile. Now,

614
00:38:18.639 --> 00:38:22.840
not just cost per mile on total costs, but cost

615
00:38:22.920 --> 00:38:27.360
per mile and fixed costs. What is it costing you

616
00:38:27.400 --> 00:38:31.280
to drive that truck per mile on a fixed basis.

617
00:38:31.639 --> 00:38:34.760
You know, your first your fixed costs, your insurance, your

618
00:38:35.760 --> 00:38:39.000
especially if you're paying for insurance yourself, not through your

619
00:38:39.119 --> 00:38:43.760
least your cost is your truck, cost of your trailer.

620
00:38:44.000 --> 00:38:48.079
You know the payments on that, things that don't vary,

621
00:38:48.159 --> 00:38:50.760
Your administrative costs that you're going to be said with

622
00:38:51.000 --> 00:38:53.760
that you're going to have to pay every month. Then

623
00:38:54.039 --> 00:38:57.000
look at all your variable costs. You know, from fuel costs,

624
00:38:57.360 --> 00:39:00.760
repairs and met all these things build in to the

625
00:39:00.760 --> 00:39:03.559
bottom line of your business. And it is good knowledge.

626
00:39:03.559 --> 00:39:06.440
And know what is the cost per mile to drive

627
00:39:06.480 --> 00:39:10.079
your truck? Hey, hey, you learn this is my cost

628
00:39:10.079 --> 00:39:12.440
per mile, but this is only going to pay a

629
00:39:13.400 --> 00:39:16.119
dollar per dollar or what my cost per mile is.

630
00:39:16.400 --> 00:39:18.559
So if it's costed you're forty one cents a mile

631
00:39:18.679 --> 00:39:21.880
and you're going to only collect forty one cents. Well,

632
00:39:21.960 --> 00:39:24.519
that didn't leave you any money. You didn't make anything.

633
00:39:24.760 --> 00:39:28.199
You just drove the truck for somebody else's good. So

634
00:39:28.280 --> 00:39:30.199
you need to know, hey, this is the load, and

635
00:39:30.199 --> 00:39:32.400
this is what I'm going to make per mile on

636
00:39:32.440 --> 00:39:37.039
this load, and how does this make sense determining my profitability?

637
00:39:37.400 --> 00:39:39.920
Or maybe you're going to take a load that Hey,

638
00:39:39.920 --> 00:39:42.440
your cost per mile is thirty five cents, but that

639
00:39:42.519 --> 00:39:44.920
load is only going to pay you thirty cents. Why

640
00:39:44.920 --> 00:39:47.159
do you want to take a load to lose money, Well,

641
00:39:47.239 --> 00:39:49.920
you don't. Loads need to make sense, and the only

642
00:39:49.960 --> 00:39:53.000
way you can make sense of how good a load

643
00:39:53.239 --> 00:39:56.880
is is to know your bottom line costs per mile

644
00:39:57.400 --> 00:40:00.760
cash in, cash out? What does it cost? It mean better? Yet,

645
00:40:00.920 --> 00:40:04.639
I extend this thing out one further. I don't want

646
00:40:04.679 --> 00:40:06.559
to just know what my cost per mile is for

647
00:40:06.719 --> 00:40:10.360
my income, my expenses out there. I want to know

648
00:40:10.400 --> 00:40:14.679
what my cost per mile is including the profit for

649
00:40:14.920 --> 00:40:18.719
me as the owner operator, so that I know that

650
00:40:18.880 --> 00:40:21.639
I am going to make a certain amount of money. Now,

651
00:40:21.639 --> 00:40:24.039
if I'm more efficient at driving this, or I'm able

652
00:40:24.079 --> 00:40:25.719
to save some other costs, it's going to put more

653
00:40:25.719 --> 00:40:28.239
money in my pocket and I'm better. So if I

654
00:40:28.360 --> 00:40:31.039
determine that my cost per mile needs to be fifty

655
00:40:31.079 --> 00:40:34.280
cents and I'm going to have a load out there

656
00:40:34.320 --> 00:40:38.360
that's sixty cents, I'm now ten cents per mile to

657
00:40:38.400 --> 00:40:42.440
the good. So if that fifty cents includes paying myself,

658
00:40:42.840 --> 00:40:45.280
now I can take a load at fifty cents a

659
00:40:45.320 --> 00:40:48.280
mile and know that I can pay myself. If I

660
00:40:48.320 --> 00:40:50.800
got a load for fifty one to fifty two, Now

661
00:40:50.840 --> 00:40:53.400
I'm even better now if I'm able to reduce some

662
00:40:53.480 --> 00:40:56.679
of my fig my variable costs. Maybe I say money

663
00:40:56.719 --> 00:40:59.239
on fuel because fuel prices are down or something, or

664
00:40:59.320 --> 00:41:01.880
I'm more efficient and driving my truck and got my

665
00:41:02.519 --> 00:41:05.039
fuel mileage, or I was able to save some costs

666
00:41:05.239 --> 00:41:09.079
somewhere else in my budget and my plan. Now I've

667
00:41:09.119 --> 00:41:12.760
made more money because I saved money. It's more money

668
00:41:12.840 --> 00:41:17.480
in my pocket versus money in somebody else's pocket. So

669
00:41:17.639 --> 00:41:22.639
cost per mile can be very key. Oh Ida. Actually,

670
00:41:22.679 --> 00:41:24.199
if you go to Trucker tax tols and put it

671
00:41:24.199 --> 00:41:26.480
into the message there, go to Trucker tax tools dot

672
00:41:26.519 --> 00:41:29.239
com and you put into the message I want the

673
00:41:29.280 --> 00:41:32.000
cost per mile worksheet. We'll get the cost pro miile

674
00:41:32.039 --> 00:41:35.239
worksheet out to you absolutely free. So go to truck

675
00:41:35.320 --> 00:41:38.639
or tax tools dot com, go to the contact page,

676
00:41:38.920 --> 00:41:43.119
but please send cost per mile worksheet or just put

677
00:41:43.119 --> 00:41:45.599
cost per miile worksheet. We will get that out to you.

678
00:41:46.159 --> 00:41:49.519
So that you have a tool, whether you're using us

679
00:41:49.639 --> 00:41:52.280
or somebody else, you will have the tool to help

680
00:41:52.320 --> 00:41:56.440
you calculate the cost per mile on your truck. So

681
00:41:56.639 --> 00:42:01.360
don't delay. Go to Trucker Tax Tools, ask for the

682
00:42:01.400 --> 00:42:04.480
cost permile worksheet, put that in on the contact page

683
00:42:04.519 --> 00:42:07.719
and we'll get that out to you as soon as possible. Hey,

684
00:42:07.719 --> 00:42:10.159
this is a great show. I love talking trucking. I

685
00:42:10.199 --> 00:42:14.239
love talking with y'all. We actually had a lot of

686
00:42:14.280 --> 00:42:16.360
questions we're having to answer off air because they are

687
00:42:16.360 --> 00:42:21.920
actually particular questions that are coming in for their operations.

688
00:42:21.920 --> 00:42:24.400
So if you have some questions, go to truck ortax

689
00:42:24.480 --> 00:42:27.119
Rules dot com. Go to the contact page and shoot

690
00:42:27.239 --> 00:42:29.880
some message over there. What I tell you is is

691
00:42:30.280 --> 00:42:33.920
I can share. Go over to Tax Talk for You

692
00:42:34.519 --> 00:42:37.320
like our page on Facebook, or like our page at

693
00:42:37.440 --> 00:42:41.119
tax talkfor You dot com. Never miss an episode. We're

694
00:42:41.119 --> 00:42:43.679
always talking something about trucking. We're going to talk a

695
00:42:43.679 --> 00:42:46.679
little bit about farm and ranch taxes as well out

696
00:42:46.679 --> 00:42:48.599
there in the future. So if you know somebody running

697
00:42:48.639 --> 00:42:51.639
farm and ranch, referm over there. We're here every Monday

698
00:42:51.639 --> 00:42:54.199
at ten am Eastern Time on W four c Y

699
00:42:54.400 --> 00:42:58.400
Radio or Tax Talk for You t TV. But go

700
00:42:58.480 --> 00:43:01.679
to tax Talk for You dot if you like the

701
00:43:01.719 --> 00:43:04.280
page over there. We'll keep you up to date of

702
00:43:04.360 --> 00:43:08.519
everything that we're doing and the next show. But don't

703
00:43:08.559 --> 00:43:12.840
miss us be here every Monday, ten am Eastern time. Hey,

704
00:43:12.880 --> 00:43:14.719
if you do having to missus, catch one of our

705
00:43:14.760 --> 00:43:20.039
podcasts again at tax talkfor dot com. Let us talk

706
00:43:20.079 --> 00:43:22.599
about your taxes, or maybe we'll talk about your tax

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problem and let us help you keep your truck on

708
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the road, say more efficient, finding ways to save money

709
00:43:31.360 --> 00:43:35.000
on taxes. And if you're a trucker, next month's Landline

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magazine is going to be talking about fifteen different tax

711
00:43:37.639 --> 00:43:41.440
deductions you have as an owner operator. Make sure you

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see the magazine. Make sure you see our article talking

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taxes and trucking, Taxes and trucking at tax talkfor you

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dot Com. And we'll see you next week right here

715
00:43:51.599 --> 00:43:56.199
ten am Eastern time on W four CY Radio. Thank

716
00:43:56.239 --> 00:43:58.920
you very much for everything you do. Have a god

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00:43:59.000 --> 00:44:02.719
blust week. We'll see you next week right here at

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tax TALKFORU dot com.

719
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Are you an individual or business that wants to understand

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taxes and how they affect you. Are you looking for

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specific tax advice for self employed business owners and truckers.

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Are you behind on taxes and your bookkeeping? Are you

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dealing with the irs and ready to have some relief,

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then you need Tax Talk for you hosted by tax

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and trucker expert Barry g.

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Fouer EA.

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Tune in ten am Eastern Time every Monday right here

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on W four CY Radio and Talk for TV. Don't

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forget to check this and past episodes at tax TALKFORU

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dot com. See you next week at W fourcy dot

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com