Our Thoughts On Archive

Jim Gilboy

Articles 1 - 10 of 21

Tax
Jim Gilboy | 2.17.2023

Direct Deposit Now Available for Amended Tax Returns

Get your amended tax return back quickly with direct deposit now available. Read more on how to qualify.

Tax, Transportation & Logistics
Jim Gilboy | 11.29.2021

Welcome News for the Trucking Industry - Clarification of 100% Meals and Entertainment Deduction for Per Diems

Learn more about the IRS' 100% deduction on per diem meal and entertainment expenses for the trucking industry in 2021 and 2022.

Tax, Transportation & Logistics
Jim Gilboy | 9.8.2021

New Per Diem Rates Announced for the Transportation Industry – Can Your Company Use This as a Driver Retention Tool?

Learn more about the newly announced Per Diem Rates for the Transportation Industry and considerations you should take in adopting a per diem program for your company drivers.

Internal Revenue Service, Tax, Transportation & Logistics
Jim Gilboy | 2.3.2021

1099 Reporting for the Transportation Industry

Learn more about the requirement to send or receive the Form 1099 and exceptions specific to the Transportation Industry.

Manufacturing, Tax, Transportation & Logistics
Jim Gilboy | 1.23.2020

Propane and Compressed Natural Gas Tax Credits Reinstated – Refund Claims Can Be Filed Beginning on February 14, 2020

The IRS has provided helpful guidance on requesting refunds for the 2018 and 2019 years for the Alternative Fuel Credit (more commonly known as Propane

Manufacturing, Tax, Transportation & Logistics
Jim Gilboy | 12.20.2019

Alternative Fuel Credit Extension Expected to Arrive Just Before Christmas

Many taxpayers in the transportation and manufacturing industries have been patiently waiting, like a child for Christmas, for an extension of the Alternative

Tax, Transportation & Logistics
Jim Gilboy | 7.11.2019

Postcard #1 from the American Trucking Association’s National Accounting and Finance Council’s Annual Conference – Breakfast Address by President Chris Spear

Tuesday morning’s conference began with a breakfast address by Chris Spear, the President and CEO of the American Trucking Association (ATA). He

Tax, Tax Reform, Transportation & Logistics
Jim Gilboy | 11.6.2018

Transportation Industry Adjusts to New Tax Laws Surrounding Per Diems

Effective in 2018, new tax laws were put in place regarding the treatment of per diems for company drivers and owner-operators within the transportation

Tax, Tax Reform, Transportation & Logistics
Jim Gilboy | 8.13.2018

IRS Clarifies Freight Brokerage Will Qualify for 20% Qualified Business Income Deduction

The Internal Revenue Service issued proposed regulations on August 8, 2018 related to the new Section 199A Deduction, also known as the Qualified Business

Tax, Tax Reform, Transportation & Logistics
Jim Gilboy | 2.13.2018

One-Year Extension of the Alternative Fuel Excise Tax Credit for 2017

This article was in collaboration with Keith Donnelly. The Alternative Fuel Credit is a refund of federal excise taxes that many companies in the transportation

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