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Truck drivers often make tax mistakes like missing per diem deductions, failing to track expenses, misclassifying their status, or skipping quarterly payments risking audits and penalties. Mixing personal and business finances or overlooking depreciation adds to the trouble. Working with a trucking tax specialist helps avoid these costly errors and ensures accurate, compliant filing tailored to the trucking industry. To know more visit here https://www.truckersprocpa.ca/trucking-tax-planning-preparation-services
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Top Tax Mistakes Truck Drivers Make When Filing Filing taxes as a truck driver isn't just about adding numbers—it’s about understanding the unique deductions and obligations that come with life on the road. Unfortunately, many truckers unknowingly make costly errors that can lead to audits, lost refunds, or hefty penalties. Working with a trucking tax specialist can help avoid these errors. Here are the top tax mistakes truck drivers often make:- Overlooking Depreciation Forgetting Per Diem Deductions Misclassifying Your Work Status Not Tracking Expenses Properly Not Hiring a Trucking Tax Specialist Mixing Business and Personal Finances Missing Quarterly Estimated Tax Payments