Monthly Archives: May 2021

Common but costly errors employers should avoid when filing taxes or claiming credits

Employers filing employment tax returns and claiming an employer tax credit should read the instructions for Form 941 and carefully complete the form to avoid mistakes.

Using a reputable tax preparer including a certified public accountant, enrolled agent or other knowledgeable tax professional can also help avoid errors. Mistakes can result in a processing delay or a balance due notice, which could mean additional delays or require filing an amended return.

Here are some important things employers should remember when preparing tax returns or claiming credits.

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Here’s what taxpayers need to know about reporting tip income on their tax return

Generally, income received from any source, including tips, is taxable. Here’s some information to help taxpayers report tip income.

All tips that taxpayers receive are income and subject to federal income tax. Taxpayers must include all tips they receive in their gross income. This includes:

  • Tips directly from customers.
  • Tips added using credit cards.
  • Tips from a tip-splitting arrangement with other employees.

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Filing season reminder: Military members and their families may qualify for special tax benefits

With the filing deadline around the corner, the IRS reminders members of the military that they may qualify for special tax benefits. For example, they don’t have to pay taxes on some types of income. Special rules may lower the tax they owe or allow them more time to file and pay their federal taxes.

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Frequently asked Questions about the Women In Trucking Association

Although the Women In Trucking (WIT) Association was formed over fourteen years ago, there are still many people who don’t understand our mission and who we represent.  This article will answer the top frequently asked questions we receive.

First, let me remind you of our mission.  The Women In Trucking Association is a nonprofit organization that was formed to encourage the employment of women in the trucking industry, promote their accomplishments, and minimize obstacles faced by women working in the trucking industry. 

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