2020 Tax Resources
As the year comes to a close we are all reminded that tax season is fast approaching. We have gathered some useful information in one place that will make this upcoming season easier for you.
Opening and contributing to a IRA.
Whats an IRA? It is a retirement account you can put money into (up to $12,000 in some cases) and write it off on your taxes. The video below gives a brief explanation of what a IRA is.
Per Diem write off
Self employed drivers are eligible to write off meals, and accommodations. Qualifications for this are being away from home for longer than a traditional workday and sleeping away from home. To simplify this process you can use your ELD records to verify he amount of days you were on the road during the year. Speak to your accountant to make sure your situation qualifies for this write off.
If you are an Americanstar driver reading this you can access your full years worth of logs here. Our fleet ID is americanstar, for the username and password you’ll use your Samsara ELD login.
Accountants/Retirement planner
Jeffrey W. Hanretty CPA
T:(315)733-4339
We have used them for the past 11 years and highly recommend their service. (Jeffrey also does IRA retirement planning)
Dmitriy Sidorevich
T:(315)941-8061
Many of us at Americanstar have used Dmitriy for our personal tax returns.
ATBS
T:(888)640-4829
T:(866)920-2827
They specialize in Owner Operator tax filing but may be bit more pricy than other two options.
