Category Archives: Commons

Commons

All You Need to Know About EIN? Do You Own One

Business owners and individuals interested in starting a business it is essential to have an employer identification number issued by the Internal Revenue Service for taxation purposes. It is important for businesses to enter the employer identification number when filing tax return. Taxpayers should keep in mind that the EIN is issued by the IRS is not intended for using for any other purpose such as sales and lotteries. Moreover, being somewhat similar to the Social Security Number, EIN is a 9 digit unique identification number mostly used by sole proprietors, corporations, partnerships, non-profit organizations, government agencies, and other business entities. Continue reading →

Truckers, Know More About DOT Regulations For Pull Behind Trailers

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Welcome back our sophisticated truckers… We have always been authentic and simple, just to keep your interest prolonged for a while; and we’re glad we have been succeeding every time. We choose topics which would sustain and signify your passion, trucking. So today’s topic is all about Pull Behind Trailers and DOT regulations for the same.

Well, these pull behind trailers are subjected to the standards set forth by the National Highway Traffic Safety Administration. In the title 49 of the United States Code explains that the administration and auto manufacturers must meet the standards, which are set by the administration. However, these rules are set in order to protect the public from unreasonable risk. Continue reading →

Trucking Authority, Do You Have One?

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Hello Truckers, a warm welcome to our blog. We’re glad that our blog posts are dedicated to you. Today we shall speak about trucking authority and their deals. Any company that engages in commercial “for hire” transportation for passengers or goods in interstate commerce should own proper operating authority. However, this authority is regulated by Federal Motor Carrier Safety Administration (FMCSA) which accepts applications given by companies wish to provide their service in interstate commerce. FMSCA issue an authority in the form of an “MC,” “MX” or “FF” number, which indicates the type of operations the vehicle will be involved in, the cargo it will carry or persons, where the company is located and services it can provide.

Operating authority includes the requirements for the level of insurance and financial responsibility the company is obligated to maintain. Continue reading →

Better Understanding On CDL Licenses And Their Types

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We all know there are various types of licenses available according to the rig you drive but somehow, we never got in detail about the same. Today is the day. We will be talking about the CDL licenses and its varieties. This will help you in decide your career and the license which is applicable. And yes, drive your heavy rigs safe.

According to USDOT, there are three types Commercial Drivers License for drivers. These licenses are further qualified by six endorsements that designate specific type, that the driver is applicable and permitted to use. Also, drivers are required to understand each type of license and what vehicle that falls under the jurisdiction of CDL licensing.

Let’s check the detailed list of licenses and their requirement: Continue reading →

Are You New To Trucking? Set Your Career As Hot Shot Truck Driver

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Greeting from Think trade, we’re glad you’re a part of our blog. Our tax experts’ come up with creative ideas and information to keep you tuned all day and again, bring you back to our blog. However, today’s topic is Hot Shot Trucking.

We know that freight carrier industry has already an important aspect of consumer goods reaching retailer shelves. Independent drivers and freight companies contribute about 70% in transporting goods that hit the shelves and the consumers. However, hot shot trucking gives you the freedom to work for freight carriers that you choose.

Let’s check out what is hot shot trucking in detail. Continue reading →

Error in IFTA Rates Published by the State of Georgia

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Do you own a commercial vehicle that moves beyond your state? If yes, you are liable to file IFTA return through your base jurisdiction. For smooth filing of this tax, you should have IFTA license and this quarterly tax return is to be filed in accordance with the gallons of fuels used by motor carriers and the charges differ for all U.S states under the IFTA jurisdiction, published every quarter. In simple words, this IFTA tax involves the total gallons of fuel you purchased from states under the IFTA jurisdiction.
Continue reading →

Hold On Your Brakes Truckers, Deadliest Roads Do Exist In America !

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Hello truckers, hope you’re doing well. Each week, we write about your experiences and stories, today, we will be sharing something different, something new. Keep reading to know what it is all about!

We all know that making a living in America as a trucker is not an easy deal of task. Filing taxes, meeting deadlines and also share a word of grief regarding traffic and poorly designed roads is common. You might have a list of favorite places to drive in, but today, we will share the deadliest roads of America to drive. According to a survey, highway fatalities have increased by 13.5% in the states, since the first quarter of this economic year.

Are you game for the deadliest places in America? Then go ahead… You would know the truth! Continue reading →

Wondering, If A Truck Is Right For You? Here’s What You Need To Know!

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In today’s world, you will be able to find different kind of vehicles moving on the highway, from heavy duty trucks to minis. There have always been a variety of them, allowing you to choose what fits in the best according to your age and requirement. Say for example, trucks. We all know, they are simply remarkable diversified vehicle in this day and age, as they match the standards of a car, while offering plenty of space for store goods, along with horse power to go practically anywhere. That’s why you truckers are in so demand. Come, let’s find out about trucking and its own virtual demand. Continue reading →

Hardship of truckers, their experiences!

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In this fast moving world, we have witnessed that truckers are the most dedicated, hard working individuals, keen on sharing their lives at the service of the nation. From flatbed trucks to tow boy trucking, these individuals have faced all the ups and downs of trucking, experiencing what is hardship and smiling at the cost of their lives. Continue reading →

IRS Shutdown is Over! File Your Nearest Tax Dues On Time

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The Internal Revenue Service has called off its 16 days shutdown and begun to function as usual. Read further to know more about the IRS update.

Individuals worried about their refunds can get them on time with the IRS functioning normally. Additionally, tax preparers and filers can report their taxes both online and offline but, choosing to file electronically can make the process faster and the tax return would be processed automatically. Besides, the live telephone customer support offered by the IRS would be available for customer assistance to help individuals get their queries answered. In addition, individuals need to inquire with the IRS for re-scheduling their audit meetings

The pointers discussed below provide additional details about this IRS update.

Individuals filing for tax refunds will get the same, as the IRS starts to function normally.
Tax e filing service providers, tax preparers, and Free File would continue filing for their customers and offer assistance on taxes.
Individuals and business can choose both e filing and paper filing to report their tax dues.

Tax Dues to be filed by Individuals & Businesses:

Truck owners and operators who have used their vehicle for the first time in September need to file form 2290 before October 31, 2013. Filing through Tax2290.com makes the process easy and hassle-free.
Individuals and businesses need to file excise taxes for the third quarter and filing before the due date (Oct 31, 2013) can save them from filing penalties and interests. E-filing excise tax can save time and TaxExcise.com is the first and reliable tax filing service provider. Choose us for a comfortable tax filing experience.
Motor carriers whose vehicle run in more than one jurisdiction need to file IFTA return before the October 31, 2013 deadline. At TaxIFTA.com, a product of ThinkTradeInc.com we help tax filers prepare their IFTA at an affordable price.

IRS Services that would be Available:

Tax filers seeking help and assistance can get the same through 800-829-1040 number.
Individuals can find information through IRS website, as well as access the interactive features for better understanding.
The Free file partners associated with IRS would accept tax returns.
E filing service providers would accept tax returns filed by individuals and businesses.

E filing is the safe and secure way of filing tax returns and saves time too. ThinkTradeinc.com, the first and reliable tax filing software offers user-friendly features, thus enabling a comfortable tax filing experience. Serving tax filers and preparers from years, we have been recognized for our excellent service.