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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
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