More Time to File your Personal Tax Return by Filing Extension Tax Form 4868 & 7004

Tax time and every one of us are getting our paper works ready, you know that April 17 is the last day to report it with the IRS. If you’re not ready don’t get panic you can claim additional time to file your tax returns by reporting Extension Tax Form 4868 for personal returns and Form 7004 for business returns.

Tax-filing extensions are available to taxpayers who need more time to finish their returns. Remember, this is an extension of time to file, not an extension of time to pay. However, taxpayers who are having trouble paying what they owe may qualify for payment plans and other relief. Either way, taxpayers will avoid stiff penalties if they file either a regular income tax return or a request for a tax-filing extension by this year’s April 17 deadline. Taxpayers should file, even if they can’t pay the full amount due. Here are further details on the options available. Continue reading

Security Summit urges tax pros to protect their identification numbers: EFINs, PTINs and CAF numbers

IRS has urged every tax pros to protect their identity numbers through the latest issue, Issue Number: IR-2018-61. Here is the complete coverage of the issue for you to read.

WASHINGTON – The Internal Revenue Service, state tax agencies and the tax industry today urged tax practitioners to maintain and monitor their Electronic Filing Identification Numbers (EFINs) and Centralized Authorization File (CAF) numbers to help safeguard taxpayer data.

Cybercriminals sometimes post stolen EFINs, PTINs and CAF numbers on the Dark Web as a crime kit for identity thieves who can then file fraudulent tax returns. EFINs are necessary for tax professionals or their firms to file client returns electronically. Preparer Tax Identification Numbers (PTINs) are issued to those who, for a fee, prepare tax returns or claims for refund. CAF numbers are issued when tax practitioners or their firms file a request for third-party access to client files.

To assist tax professionals, the IRS created a new video and web page – How to Maintain, Monitor and Protect Your EFIN. These offer tips to practitioners.

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What is the Women In Trucking Image Team?

In an effort to give more visibility to female professional drivers, the Women In Trucking (WIT) Association created an Image Team in 2015.  The Image Team was designed to allow the organization a way to use female drivers for media events, trade show representation and for ride-alongs with influential people.

The competition was friends, and more than 25 women applied to serve on the team.  Five of them were selected, based on an essay, background check, and review of their professional history and driving record.  If they were a company driver, their carrier was expected to support their involvement.

The five women were Stephanie Klang, (then) Con-way Truckload (now CFI, Inc.), Allyson Hay and Carol Nixon of Walmart Transportation, Wyzeena Heeny, Covenant Transport, and Ingrid Brown, owner-operator of Rollin’ B, LLC. Continue reading

Steering Toward Kindness – Women in Trucking

#SteeringTowardKindness

Remember the book, “All I Really Need to Know I Learned in Kindergarten” by Robert Fulghum?  If you’ve never read it, let me give you a few of the author’s reminders

  • Share everything
  • Play fair
  • Don’t hit people
  • Put things back where you found them
  • Don’t take things that aren’t yours
  • Say you’re sorry when you hurt someone
  • Live a balanced life

These are actually pretty simple to understand, even for adults, and I’m guessing you were told these “rules” when you were a child.  If not, I am truly sorry if you didn’t learn these effortless ways to get along with the people around you. Continue reading

Being the Change of Women Empowerment in Trucking!

Women trying to enter the trucking industry have long faced cultural and physical barriers. Presently, there are an estimated 200,000 women behind the wheel of big rigs across the U.S, which seems like a lot; however represents less than mere 5 percent of the nearly 4 million-member truck-driver work force. Had Ellen Voie never cared about the women looking to enter the male-dominated trucking industry, the world would still have been waiting for someone like her to change the scenario for the better. But she was not ready to wait for someone else; she took the charge in her own hands and founded Women In Trucking in 2007. Today, a decade later, the firm is globally recognized and applauded for promoting careers in trucking for women and demolishing barriers that have kept women from joining the driver ranks for so long. Continue reading

Form 720, Quarterly Excise Tax Return for 4th Quarter of 2017 is due NOW!

Form 720 is a quarterly excise tax return that some; businesses must file with the Internal Revenue Service. According to the IRS, “Excise taxes are taxes paid when purchases are made on a specific goods, such as gasoline. Excise taxes are often included in the price of the product. There are also excise taxes on activities, such as on wagering or on highway usage by trucks.” If you accrue excise taxes in the course of doing business, you should know the rules on filing 720 taxes.

Who Must File

If, as a business entity, you were liable for any of the federal excise taxes listed by the IRS on Form 720, Parts I and II, you must file the form. The excise taxes included in Part I are such items as petroleum spill taxes and ozone-depleting chemical tax; communications and air transportation taxes; fuel taxes for diesel, kerosene, gasoline, and other gases; coal and tire manufacturing taxes.

In Part II, the IRS enumerates such excise taxes as those related to the sales of sport fishing and archery, inland waterways fuel use taxes and Bio-fuel sold, but not used as fuel. Continue reading

Time to Prepare and File your 2017 4th Quarter IFTA!

 

The deadline to file your 2017’s 4th Quarter IFTA Return is January 31, 2018. A Quarterly IFTA Tax Return must be filed even if the licensee does not operate or purchase any taxable fuel in an IFTA member jurisdiction during the quarter.

 

What you need:

  1. Mileage log-whether you use manual trip sheets, GPS, or electronic trip sheets; it is not only necessary to have in order to file your quarterly IFTA return, but you will need these if you are even audited.
  2. Fuel Receipts-you will need to know how many gallons of fuel were purchased in each state.

 

Options to prepare and file your return:

Continue reading

You can help drive change through your association

American Author and Management Expert Kenneth Blanchard once said, “The key to successful leadership is influence, not authority.”

Too often we hear people complaining about their circumstances, but they don’t seem to make any effort to change the situation.  They’d just prefer to grumble and let others deal with the same issues.

How can YOU make the trucking industry a better place for all of us?  First, think about how your negative remarks invite more criticism.  Calling someone names or making harmful comments don’t help anyone.  In fact, it just puts the other person on the defensive which prompts them just to shut you out. Continue reading

2017’s Taxes that are due by January 2018!

www.Taxexcise.com / www.Tax2290.com – a product of Think Trade Inc wishes you all a very Happy New Year. A fresh new year is once again upon us. It’s the time to be thankful for the blessings of the past year and to take stock of all our achievements. At the same time, New Year 2017 is a brand new year to start afresh, to start strong, and yet another chance to do everything we want to do this year.

Hope you all had a great holiday season; it’s now time to get back to business & take care of the last obligations of 2017. Though Fiscal year 2017 has ended there are few Taxes of 2017 that are due this month i.e. January 2018. Below are the list of Tax Forms that are due by January 2018 & those are supported by www.Taxexcise.com / www.Tax2290.com – a Product of Think trade Inc. Continue reading

What did you miss?

The Women In Trucking Association’s mission is simply to increase the percentage of women employed in transportation careers.  Whether the role is driver, technician, safety professional, engineer, manager or one of the many other positions in supply chain, our focus is to attract and retain more women at all levels.

The Accelerate! Conference and Expo brings this goal into one very educational, but motivational and fun-filled event and this year was no exception.  Although this was only our third annual conference, over 500 women and men were there to learn, network and relax.  If you missed it, here are some of the things we learned.

Our keynote speaker, Valerie Alexander, charmed and challenged the audience her insight in “How to succeed in trucking despite having female brains.”  Valerie also ended the conference with how to create happiness and engagement in the workplace.  She asked the audience to list ten positive things that might result from a negative experience, using industry examples to illustrate the case.

Admiral Robert Wray, CEO of Citadel Fleet Safety, talked about leadership and provided lessons he learned in his four decades of experience in both wartime and peace.  He challenged the audience to become more confident, but humble leaders in their organizations and provided numerous stories of action-oriented guidance from his years as a nuclear engineer in the Navy.

Former Federal Motor Carrier Safety Administrator (FMCSA), Annette Sandberg, shared stories from her experiences as the youngest, and first female, State Patrol Chief in the US.  She encouraged the audience to maintain their sense of humor, but to establish boundaries and keep them intact without alienating others.  Ms. Sandberg currently is the Principal of TranSafe Consulting, LLC, which provides transportation, safety and security consulting services.

David Coleman, known as “The Dating Doctor TM” spoke about relationship issues at work and in social settings in his talk, “Positive People Produce.”  Coleman’s interactive presentation included a session with attendees talking about their strengths and weaknesses and using the conversation to build confidence in others and themselves.  The audience learned how their words and actions can turn relationships into a positive direction that is safe, empowering and affirming.

Returning speaker, Joel McGinley, of TranStrategy Partners spoke about how to “Elevate your Game: A message of Personal Transformation.”  McGinley gave the attendees an understanding of what holds them back from transformational growth and how to overcome these challenges.  He provided tools to empower and encourage each person to create the career they want.

Sirius/XM’s Road Dog Channel’s Freewheelin’ host, Meredith Ochs, moderated a panel of women who offered their insight into becoming successful leaders.  The three finalists for the Influential Women in Trucking Award sponsored by Freightliner participated.  Traci Crane,  Senior Manager of Fleet Services at CFI, Inc., Tana Greene, CEO and Founder of Blue Bloodhound and Daphne Jefferson, former Deputy Administrator of the FMCSA were the three finalists.  They were joined by last year’s Influential Woman in Trucking, Ramona Hood, of Genco. These four women shared their insight into how they succeeded in transportation careers and offered advice to not only believe in yourself and your professional goals, but to move beyond your comfort zone and achieve great things.  Daphne Jefferson was named this year’s Influential Woman in Trucking.

In addition to presentations that challenged and empowered the attendees, there were many panel discussions, lunchtime table topic conversations and plenty of industry-related talks ranging from driver health and wellness to ELD mandates.  The FMCSA held a Q & A session to offer the latest rulings affecting drivers. We also announced an initiative with Expediter Services to provide funding to 150 women starting businesses in trucking.

The Women In Trucking Association initiated a Best Practices Survey to better understand how carriers that employ a high percentage of female drivers attract and retain these women.  Keera Brooks of Sawgrass Logistics conducted the survey and presented the findings along with a panel of carrier executives who shared their strategies.  The attendees learned that women leave companies for different reasons than men and look for different things when choosing a carrier.  This research will be available to all corporate members of the association shortly and will be game-changing for carriers looking to hire more female drivers.

The entire conference was fast-paced, and jam-packed, but many attendees took the time to take a tour of the trucks feature new technologies from companies such as Autobon, Freightliner, Peterbilt, Volvo, and ZF.  The Women In Trucking 2014 Volvo VNL donated by Arrow Truck Sales was also on display.  This vehicle will be given away at the Salute to Women Behind the Wheel in March at the Mid-America Trucking Show.

If you missed this year’s Accelerate! Conference and Expo, be sure to mark your calendar for next year’s event to be held in Frisco (Dallas) Texas November 12-14.  For more information, visit the Women In Trucking Association website at www.womenintrucking.org.  We look forward to seeing you there!

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