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IRS Tax Audit Manual for the Trucking Industry 

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TABLE OF CONTENTS

  • CHAPTER 1 — INTRODUCTION
    • Purpose and Nature of the Information in This Report 1-1
    • Scope of Industry Audited 1-1
    • Illustration of the Related Transportation Industries 1-2
    • Corporate Issues 1-3
  • CHAPTER 2 — GENERAL BACKGROUND INFORMATION
    • General 2-1
    • Government Regulation 2-1
    • Effect of Deregulation 2-2
    • Federal Agencies 2-3
    • Interstate Commerce Commission (ICC) 2-3
    • U.S. Customs 2-3
    • Department of Transportation (DOT) 2-3
    • Federal Maritime Commission (FMC) 2-4
    • State Agencies 2-4
    • Public Utilities Commission (PUC) 2-4
    • Department of Motor Vehicles (DMV) 2-4
    • Effect of Government Regulation on Audit 2-4
  • CHAPTER 3 — PLANNING THE AUDIT
    • Introduction 3-1
    • Pre-Audit Planning 3-1
    • Related Party Transactions 3-3
    • Information Document Requests 3-5
    • Initial Interview 3-6
    • Site of the Examination 3-6
    • Tour of the Business Premises 3-6
    • Initial Interview Questions 3-7
  • CHAPTER 4 — OPERATIONS AND ACCOUNTING RECORDS
    • Common Carriers 4-1
    • Operating Authority 4-1
    • Tariffs 4-1
    • Contract Carriers 4-2
    • Accounting Records 4-2
    • Accounting or Transactional Cycle 4-3
    • Sources of Revenue 4-5
    • Unreported Income 4-6
    • Expenses 4-9
    • Schedule 4-13
    • Payables 4-15
    • Other Liabilities 4-15
    • Petroleum Carriers 4-16
    • Accounting Records 4-17
    • Income 4-18
    • Expenses 4-20
    • Labor Leasing Companies 4-21
    • Accounting Records 4-21
    • Income 4-21
    • Expenses 4-22
    • Leased Employees 4-22
    • Independent Contractors 4-25
    • Types of Independent Contractors 4-26
    • Operating Authority 4-26
    • Selection of Subhauler Returns for Audit 4-26
    • Accounting Records 4-29
    • Income 4-29
    • Expenses 4-30
    • Multiple Owner-Operators Using the Same DBA 4-33
    • Shipper’s Agents 4-34
    • Agent – Principal Relationship 4-34
    • Accounting Records 4-34
    • Income 4-35
    • Railroad Rebates 4-35
    • Expenses 4-35
    • Insurance 4-36
    • Trade Associations 4-36
    • Trade Publications 4-36
    • Freight Forwarders 4-37
    • Types of Freight Forwarders 4-37
    • Types of Shipments 4-39
    • Accounting Records 4-40
    • Income 4-40
    • Gain or Loss on Foreign Currency Transactions 4-41
    • Insurance Premiums 4-42
    • Expenses 4-42
    • International Issues 4-43
    • Trade Associations 4-45
    • Trade Publications 4-45
    • Customhouse Brokers 4-45
    • Licensing Requirements 4-46
    • Income 4-46
    • Transactional Analysis 4-46
    • Expenses 4-48
    • Insurance 4-49
    • Penalties 4-49
    • Trade Publications 4-49
    • Trade Associations 4-49
  • CHAPTER 5 — EMPLOYMENT TAXES
    • General 5-1
    • Employee or Independent Contractor 5-1
    • Classification as an Employee 5-3
    • Common Law Factors 5-4
    • Porthaulers 5-6
    • Casual Labor 5-6
    • Audit Techniques 5-7
    • Other Employment Tax Adjustments 5-8
  • CHAPTER 6 — EXCISE TAXES
    • Introduction 6-1
    • Heavy Vehicle Use Tax (Form 2290) 6-1
    • Audit Techniques 6-2
    • Quarterly Federal Excise Tax (Form 720) 6-4
    • Fuel Tax 6-5
    • Audit Technique 6-6
    • Retail Taxes 6-6
    • Audit Techniques 6-6
    • Other Excise Tax 6-7
  • CHAPTER 7 — PENALTIES
    • Information Return Penalties 7-1
    • IRC Section 6721 – Failure to File Correct Information Returns 7-1
    • IRC Section 6722 – Failure to Furnish Correct Payee Statements 7-1
    • Back-up Withholding 7-2
    • Audit Technique 7-4
  • GLOSSARY
    • Terminology G-1
    • Abbreviations G-9
 Don’t forget – The IRS Tax Audit Manual for the Trucking Industry is tax deductible as a business expense!