IFTA Taxes are now Due for 4th Quarter of 2018

The 4th Quarter 2018, IFTA Fuel Use Tax falls due now and time to report it with the state authorities. The IFTA license offers several benefits to the interstate/inter-jurisdictional motor carrier. These benefits include one license, one set of decals, one quarterly fuel tax report that reflects the net tax or refund due. These advantages result in cost and time savings for the carrier and the member jurisdictions.

Prepare your State IFTA Fuel Use Tax returns in 3 simple steps, take a print out of it and file it today!. The accurate and fastest website to prepare the IFTA Fuel Use Tax returns online.

Support available all the way to walk-you through the tax preparation process… talk to us at 866 – 245 – 3918 or write to us at support@taxexcise.com. Happy Trucking!


IFTA Q4 Deadline

IRS confirms tax filing season to begin January 28

New Year’s is the perfect occasion to celebrate Love, friendships and all the good things in life. Let’s take the time to appreciate what Year-2018 has given us and what the new year 2019 is about to bring! A new year means new beginnings, new hope and time to work with the tax return preparation and reporting. We at ThinkTrade, Inc along with TaxExcise, ExtensionTax and Tax2290 wishing you and your family and friends a Happy New Beginning for 2019.

Here is the latest update from IRS about the filing season that is been confirm to start from Jan. 28th. However the IRS will begin accepting all business tax returns at 9 a.m. Eastern on January 8, 2019 which would include Federal Excise Tax Forms 2290, 8849 and 720. Infact the Federal Excise Taxes for 2018 4th Quarter is now due and Jan. 31 is the deadline, try reporting it online in an effortless and simplified website, TaxExcise.com Continue reading

Eight wishes for 2019 from Women In Trucking Association

This year, we’d like to share our hopes for the coming year with ten ways to support the Women In Trucking Association mission to increase the percentage of women employed in the trucking industry.

#1        More carriers will start monitoring their percentages of female drivers and will set targets to increase those levels.  They should hold recruiters, dispatchers, and everyone in management accountable for not only hiring more women, but retaining the ones they already have.  Ten years ago, carriers insisted they didn’t care about the age, gender or race of their drivers. Now more and more companies are understanding why we should focus more on diversity.  The WIT Index tracks progress in the percentage of over the road female drivers and although it’s increased to 7.89 percent in 2018 (up from 7.13 percent in 2017), we still have a long way to go. Continue reading

IRS issues standard mileage rates for 2019

The Internal Revenue Service today issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

Beginning on Jan. 1, 2019, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

  • 58 cents per mile driven for business use, up 3.5 cents from the rate for 2018,
  • 20 cents per mile driven for medical or moving purposes, up 2 cents from the rate for 2018, and
  • 14 cents per mile driven in service of charitable organizations.

Continue reading

Nontraditional careers: Introducing girls to technology in supply chain

The government defines a nontraditional career as one where over 75 percent of the workforce is of the opposite gender.  We’ve always known that the trucking industry has been a nontraditional career choice for women, but we often point to diesel engines, time away from home and loading and unloading as reasons women aren’t interested.

If that is the case, then why do women only comprise twenty-six percent of jobs in the areas of science, technology, engineering, and math, or STEM.  These jobs typically pay higher wages and have low levels of unemployment.  Despite the efforts of groups like “Girls in Tech,” “Women in Technology,” and “Girls Who Code,” the number remain stubbornly low. Continue reading

Happy Thanksgiving from all of us at Think Trade Inc.

On Thursday, the holiday season will officially kick off. Last year more than 100 million people went shopping over #Thanksgiving weekend and nearly 35 million hit the stores on #ThanksgivingDay.
Whether you will be camping out to grab those outrageous door buster sales on Black Friday, supporting the mom and pop shops around your home on Small Business Saturday, or counting down the days to those special Cyber Monday deals, here are a few things to keep in mind while shopping this holiday season.
#BBB recommends following these approved tips:

Continue reading

ThinkTrade Inc., Wishes everyone a Happy Veterans day!

Happy Veterans Day

Triumph is only for those who are not afraid and never quits!

Our veterans accepted the responsibility to defend America and uphold our values when duty called, so true without their services & Sacrifices we would have not been enjoying the freedom that we have today. On this Veterans Day, let us remember the service of our veterans, and let us renew our national promise to fulfill our sacred obligations to our veterans and their families who have sacrificed so much so that we can live free. Continue reading

Shouldn’t we stick together to create positive change?

Every day the admins on the Women In Trucking Association Facebook page scan the posts for negativity, profanity and just plain nastiness.  Every day someone is banned from the site because they can’t seem to keep his or her comments civil.

Why?

Why can’t we show more kindness, empathy and just be nice?

Believe it or not, there are biological reasons why our brains lean toward negativity.  It goes back to the Stone Age and our tendency to be more concerned about survival than kindness.  Avoiding a predator was crucial, so staying away from a tiger was more critical than petting a friendly dog. Continue reading

Important Reminders to Individual Taxpayer Identification Number Holders

Important Reminders about ITIN from IRS

  • Your ITIN may expire before you file a tax return in 2019. All ITINs not used on a federal tax return at least once in the last three years will expire on December 31, 2018. Additionally, all ITINs issued before 2013 with middle digits of 73, 74, 75, 76, 77, 81, or 82 (Example: (9XX-73-XXXX) will also expire at the end of the year.
  • If you need to file a tax return in 2019, IRS recommends you submit a Form W-7, Application for IRS Individual Taxpayer Identification Number, or Form W-7(SP), Solicitud de Número del Identificación Personal del Contribuyente del Servicio de Impuestos Internos, now to renew your ITIN. As a reminder, ITINs with middle digits 70, 71, 72, 78, 79 or 80 that expired in 2016 & 2017 can also be renewed.
  • See the ITIN Fact Sheet for more information
  • Along with your Form W-7, you will need to:
    • attach your original identification documents or certified copies by the issuing agency and any other required attachments.
    • select the reason for needing the ITIN as outlined in the Form W-7 and W-7(SP) instructions.
      Note: A tax return is not required with a renewal application.

What is an ITIN?

An Individual Taxpayer Identification Number (ITIN) is a tax processing number issued by the Internal Revenue Service. The IRS issues ITINs to individuals who are required to have a U.S. taxpayer identification number but who do not have, and are not eligible to obtain, a Social Security number (SSN) from the Social Security Administration (SSA). Continue reading

Heads up for taxpayers who requested an extension: The deadline is October 15

October 15 is the filing deadline for taxpayers who requested an extension for their 2017 tax return. However, those who have an extension should mark this coming Monday, Oct. 15 as the deadline to file.

While the deadline is just around the corner, there are still things these taxpayers can remember to make sure they file a complete and accurate return. Here are a few tips and reminders for taxpayers who have not yet filed:

Try IRS Free File or e-file. Taxpayers can e-file their tax return for free through IRS Free File. The program is available on IRS.gov through Oct. 15. IRS e-file is easy, safe and the most accurate way to file taxes. Continue reading