{"id":4315,"date":"2016-04-06T15:07:46","date_gmt":"2016-04-06T20:07:46","guid":{"rendered":"https:\/\/ushipblogsubd.wpengine.com\/?p=4315"},"modified":"2025-09-03T16:05:16","modified_gmt":"2025-09-03T16:05:16","slug":"tax-tips-for-owner-operators","status":"publish","type":"post","link":"https:\/\/ushipblogsubd.wpengine.com\/tips\/tax-tips-for-owner-operators\/","title":{"rendered":"Tax Tips for Owner-Operators"},"content":{"rendered":"

While we\u2019re no tax experts, we\u2019ve put together these tax tips<\/a> as a helpful resource based on frequently asked questions we get around tax season.<\/p>\n

Click here<\/a> for a high res version of the above chart.<\/p>\n

What tax forms does uShip provide?<\/b><\/h3>\n

Short answer: None. Long answer: Service providers who utilize our online marketplace to source loads are neither contractors of uShip or uShip employees, and therefore we cannot provide tax forms.<\/span><\/p>\n

How can I calculate income from uShip bookings?<\/b><\/h3>\n

Go to <\/span>Transaction History<\/span><\/a> while logged in. You can then select the date ranges you need. There are the options to print it or export to a spreadsheet by clicking \u201cDownload to Excel.\u201d <\/span><\/p>\n

What deductions can I claim?<\/b><\/h3>\n

First, <\/span>before you begin your deductions<\/a>, separate business and personal accounts for easier deduction calculations. For more specific details about deductions w<\/span>e\u2019ve used tax preparation software TaxSlayer.com as a source for this and put together a table.<\/span><\/p>\n

Any tax tips when claiming deductions?<\/b><\/h3>\n

Yes. For owner-operators there are some deductions that shouldn\u2019t be claimed to help avoid being audited. Make sure not to deduct any of the following:<\/span><\/p>\n