Owner-operators  ·  Chicago area

Trucking Accounting
for Owner-Operators

IFTA, Form 2290, per diem, truck depreciation and monthly bookkeeping for owner-operators and small fleets — handled by a licensed CPA who speaks your language.

Everything a Trucking Business Files

IFTA quarterly returns

Miles and gallons by state from your ELD and fuel cards, filed every quarter so you never pay the $50 late penalty.

Form 2290 (HVUT)

Heavy vehicle use tax for trucks 55,000 lbs and up, $100 to $550 per truck, due August 31 for trucks on the road in July. Stamped Schedule 1 for your plates.

Per diem deduction

$80 per day on the road (October 2026 – September 2027), 80% deductible for drivers under DOT hours-of-service rules.

Truck depreciation

100% bonus depreciation is back for trucks and trailers bought after January 19, 2025. We plan the year you buy so the deduction lands where it helps most.

Bookkeeping by load

Revenue per load, fuel, repairs, tolls, insurance, ELD and dispatch fees — clean monthly books so you know your cost per mile.

LLC and S-Corp setup

Your own authority or leased on: we set up the LLC, decide whether an S-Corp saves you money, and run payroll if it does.

2026–2027 Figures Owner-Operators Ask About

Per diem, travel in the continental US$80 per day
Deductible share for DOT-regulated drivers80% ($64 per day)
Example: 250 nights away from home$16,000 deduction
Form 2290 tax per truck$100 – $550
Social Security wage base 2026$184,500
Illinois LLC filing fee / annual report$150 / $75

IFTA and 2290 Dates for 2027

When the last day of a quarter's month falls on a weekend, we show the next business day. We still file by the end of the month whenever we can.

  1. TruckingIFTA return for Oct–Dec 2026
  2. TruckingIFTA return for Jan–Mar; Form 941 for Q1
  3. TruckingIFTA return for Apr–Jun; Form 941 for Q2
  4. TruckingForm 2290 heavy vehicle use tax (trucks first used in July)
  5. TruckingIFTA return for Jul–Sep; Form 941 for Q3

Tax Deadlines →

What Costs Truckers Money

Frequently Asked Questions

How much is the per diem for truck drivers in 2026?

For travel on or after October 1, 2026, the transportation industry meal and incidental rate is $80 per day in the continental US and $86 outside it (IRS Notice 2026-60). Drivers under DOT hours-of-service rules deduct 80%, so $64 per full day.

When are IFTA returns due?

IFTA returns are due the last day of the month after each quarter: April 30, July 31, October 31 and January 31. Illinois charges a penalty of at least $50 for a late return, and you must file even if the truck did not run.

Who has to file Form 2290?

Owners of trucks with a taxable gross weight of 55,000 lbs or more. The tax runs from $100 to $550 per truck for July 2026 – June 2027. For trucks first used in July, it is due August 31. Trucks driven under 5,000 miles can be suspended but still need a filing.

Should an owner-operator be an S-Corp?

Often yes once net profit is steady above about $50,000–$80,000, because it cuts self-employment tax. Try our S-Corp calculator, then we can check reasonable salary and payroll costs with you.

Do you work with Ukrainian and Russian-speaking drivers?

Yes. Many of our clients are owner-operators from Ukraine and other Russian-speaking countries. We work in English, Russian and Ukrainian, by phone, WhatsApp or Telegram.

Let a CPA Run Your Numbers

We check whether you should itemize, claim every Illinois credit and file on time — in English, Russian or Ukrainian.