Tax time is finally over for most of us. This year I put off getting it done and filing longer than I ever have in the past. I am not sure if it was because of the uncertainty of the times, due to the CARB engine rule or these bad economic conditions and work being so slow. I paid less than previous years in taxes, but that also means I made less profit, mainly due to higher costs of operations. I presume we are all in the same boat on this one. At least work normally picks up when tax time is over. We received some good news in mid-April with some big freeway projects being released here.
*Carbonized or Carbonization is the term for the conversion of an organic substance (trucking company owners and their equipment) into carbon or a carbon-containing residue through pyrolysis or destructive distillation. Sounds about right!
For random testing purposes under the requirements for DOT FMCSA 49 CFR, Parts 40 & 382, owner-operators must be in a separate random testing pool not mixed with company drivers. So throughout the year, many of our client’s enrollment status in the random testing pools may change, sometimes more than once. To help clarify some of the different situations or scenarios, I have included a number of questions we are commonly asked concerning this subject:
