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Trucking Industry Overview - Alternative Issue Resolution Considerations and Industry Resources

LMSB-04-1107-075
Affected IRM: X.XX.X

"This document is not an official pronouncement of the law or the position of the Service and cannot be used, or cited, or relied upon as such."

Prepaid Expenses	Expenses paid in the current year that are applicable to the subsequent year, are deductible in the year paid. U.S. Freightways Corp. v. Commissioner, 270 F.3d 1137 (7th Cir. 2001)
Meals Expense - 50 percent reduction	IRC Sec. 274(n). Rev. Proc. 96-64, 1996-2 C.B. 427; Rev. Proc. 97-59, 1997-2 C.B. 594; Rev. Proc., 2000-9, 2001-1 C.B. 280; Rev. Proc. 2000-39, 2000-2 C.B. 340; Rev. Proc. 2001-47, 2001-2 C.B. 332; Rev. Proc. 2002-63, 2002-2 C.B. 691; Rev. Proc. 2003-80, 2003-2 C.B. 1037; Rev. Proc. 2004-60, 2004-42 I.R.B. 682; Rev. Proc. 2005-10, 2005-3 I.R.B. 341.
Tires	Where tires on newly purchased trucks, tractors, and trailers last longer than one year; they should be capitalized and depreciated over the life of the vehicle. See Rev. Proc. 2002-27, 2002-1 C.B. 802 & CCA 200307087.
Penalties	Penalties should be listed as non-deductible on Schedule M-1. IRC Sec. 162 (f).

A. WEB Sites

Name of Site	Summary and Available Information
ATA Truck Line	American Trucking Associations. Lists current tax legislation changes secured by ATA lobbyists. Current affairs affecting the trucking industry.
Bureau of Transportation Statistics	Statistical reports on operating costs, revenue, miles driven, gallons of fuel consumed etc.
Federal Motor Carrier Safety Administration	Specific operating, safety, insurance and etc. information on specific motor carriers.
Owner-Operator Independent Drivers Association	OOIDA advocates the views of professional truckers through its interaction with state, provincial and federal government agencies, legislatures, the courts, other associations, and private businesses to advance an equitable environment for commercial drivers.
Trucking Associations	Directory of trucking associations. Gateway to a very large trucking directory and talk room.

B. Trade Associations

Name	Address	Purpose, Goals, Objectives, etc.
American Trucking Associations	2200 Mill Road Alexandria, VA. 22314-4677	Lobbies Congress for benefits to the trucking industry. This is the largest trucking organization. Dues are not deductible.
American Moving and Storage Assn.	1611 Duke St. Alexandria, VA. 22314	Membership consists of 3000 household goods forwarders.
Air Transport Association	1301 Pennsylvania Ave. N.W. Suite 1100 Washington, D.C. 20004-1707	Trade association of the principal U.S. air lines. Supports and assists members by promoting safety, technology and advocates industry position on issues before Federal, state and local governments.
International Air Transport	Association Route de l' Aeroport 33 P.O. Box 416 1215 Geneva 15 - Airport SwitzerlandA	Governs and standardizes the industry of airfreight forwarding. Establish maximum standard airfreight rates and set minimum financial standards and reporting requirements.
Intermodal Association of North America	Suite 720 7501 Greenway Drive Greenbelt, MD. 20770-6705	Organized to benefit members e.g. railroads, intermodal truckers and highway carriers, intermodal- marketing companies, water carriers and stacktrain operators.
Owner/operators Independent Drivers Assn. (OOIDA)	1 NW OOIDA Drive Grain Valley, MO. 64029	Works for the benefit of its members who are mostly independent owner/operators of their own tractors.

C. Other IRS Training Courses/Videotapes

Name of Course	Course Number	Delivery Method	Developer of Course and Procedures to Secure Material
LMSB Trucking Industry Overview	None	Self-Study	By: Robert Everitt, Trucking Technical Advisor Available on the LMSB Technical Advisor web site.
Trucking Industry	3149-110	Self-Study	Audit Techniques Guide based on a study of audits.
HMT Trucking 5-22-2002	4802	Video and power point slides	Meals, Tires and Equipment Leasing (slides) Presenters: Robert Adams, Robert Everitt, Robin Herrell. Formatted to print 3 slides per page, with space for notes (54 pages). Contact: C&L Office of Communications - Corporate Television
Independent Contractor or Employee	3320-102 (Rev. 10/96)	Self Study	Available on the IRS Home Page
Employment Tax Procedures		Self Study	Classification of van operators within the moving Industry.

D. Trade Magazines and Newsletters

Title	Frequency of Publishing	Summary of Purpose/Information Included/Availability
Air Cargo World	Monthly	For freight forwarders
American Shipper International		For shippers, brokers and forwarders
American Truck Dealer (ATD)	Monthly	Keeps ATD members informed of current trucking events and legislation. Many issues with truck manufacturers.
Daily Commerce News	Daily	For motor carriers, freight forwarders and custom house brokers.
Global Logistics & Supply Chain Strategies	Monthly	Best practices and case studies in supply chain strategies, techniques and technology.
Global Trade Talk		U.S. Customs service journal for the international trade community.
Transportation Equipment news	Monthly	New equipment and job Advertising. Current fuel prices across the U.S. Articles of interest to trucking companies.
Transport Topics	Weekly	The National newspaper of the trucking Industry

E. Industry Books

Date of Latest Edition	Title	Summary of Contents
1997	IRS Audit Protection and Survival Guide	Trucking Industry What to do to survive an audit of a trucking company. By: Baran, Daniel J. and Bernard, Gerald F. New York, John Wiley, C 1997 244 pages
2003	American Trucking Trends	By: American Trucking Association - Statistics Dept 2003 ed. Alexandria, VA. 2003 65 pages
May 1998	U.S. Freight 1998 Economy in Motion	A report by the Department of Transportation on the history and future of transportation logistics, technology and intermodal partnerships.
Nov 1993	Freight Matters	Trucking Industry Guide to Freight and Intermodal Planning under ISTEA, By: Trucking Research Institute
Dec. 1995	Characteristics of Urban Freight Systems	Characteristics of modern freight transport systems in large cities. By:Transportation Center , University of Tennessee, Knoxville
1996	NAFTA TRADE: Past Present and Future	History and future of Nafta trade between U.S., Canada and Mexico. By: Dean International, Inc. 1996

F. Internal Revenue Manual Citations

IRM Section	Title	Summary of Information Included
4.40	Technical Advisor program	Technical Advisor program explained.
4.23	Employment Tax Handbook	Instructions for all operating divisions in the examination of employment tax returns.
4.24	Excise Tax Handbook	Excise Tax examination procedures.

G. AICPA Auditing Standards and Publications

Date of Issuance	Title	Summary of Information Included
2002	Trucking Companies: Special Tax & Accounting Considerations	By: Nichols Education Corp. 2002 ed. 1011 Sandusky St., Suite G, Perrysburg, OH 43551 125 pages Federal and State Tax issues in the trucking industry. Overview of the trucking industry.

H. Market Segment Specialization Program (MSSP-SBSE)

SBSE /MSSP Coordinator

Jill El-Bendary

Lanham, MD

Page Last Reviewed or Updated: 2013-04-04