Industry Tax Guides

Yes — a nutrition certification you add to your existing personal training credentials is generally deductible, since it directly relates to and expands the services you already offer clients, rather than qualifying you for a brand-new, unrelated line of work. The IRS distinguishes between education that improves or maintains skills in your current business (deductible) and education that qualifies you for a new trade or profession (not deductible). Since nutrition coaching i

Owner-operator truck drivers can deduct nearly every cost tied to running their truck as a business — fuel, maintenance, insurance, and even a daily per diem for meals while on the road — which makes trucking one of the deduction-heaviest 1099 occupations. Because you own or lease the truck itself, your deductions go well beyond what a company driver could claim. Fuel is usually the single largest expense, followed by maintenance and repairs, which can add up quickly given ho

by Enrolled Agent at BossTax | Jun 20, 2025 | Tax Blog, Tracking Tips | 0 comments Yes — missing the federal tax filing deadline can trigger monthly penalties and interest, but submitting your return as quickly as possible reduces overall costs and stops late fees from accumulating. Whether you missed the April filing date due to unforeseen personal circumstances or simply got overwhelmed collecting business records, the IRS imposes two distinct charges: a failure-to-file p