The Pandemic Relief Bill signed by President Trump, in December 27, 2020, was intended to give tax relief to restaurants and to help stimulate the restaurant/hospitality industry. As originally interpreted, it did not benefit the owner-operator. Recent changes by the Internal Revenue Service has changed that and have greatly simplified the per diem deductions. In […]
IFTA (International Fuel Tax Agreement) due dates and display
November 4, 2021The 2021 IFTA decals are about to expire on December 31st, 2021. You should have received your renewal application either by mail or by email, whichever you had chosen for a delivery method. You may display your 2022 IFTA decals beginning December 1st, 2021 but not before. A copy of the IFTA license that is […]
New ATRI analysis explores how electric vehicles could contribute to highway trust funds
October 1, 2021Source: ATRI Arlington, Virginia – The American Transportation Research Institute today released research that describes a framework for electric vehicle (EV) taxation to support transportation infrastructure. Through a small tax on the electricity that is used in transportation, the report identifies an approach to efficiently connecting the growing number of U.S. electric vehicles with highway […]
Important Due Dates To Remember
March 30, 2021MMTA receives many calls asking for help with the many registration-related recordkeeping duties for which the trucking industry is responsible. We also receive reports from many motor carriers that vendors attempt to scare motor carriers into hiring them to perform these functions, which are easily accomplished by the motor carrier, or with a little assistance […]
Heavy Vehicle Use Tax (Form 2290)
May 23, 2019It is that time of year again! If you own and use a truck weighing 55,000 lbs. or more, you must pay a Heavy Vehicle Use Tax (HVUT) to the IRS. HVUT payments are due July 1st but no later than August 31st each year. Paying after August 31st will gain you penalties and interest assessed […]