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& Taxes
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Got a Question for a Trucker CPA Mom Denise?
IRS wants you to retire Financially Free! We will answer your questions and give you options about how to become Financially Free when you retire
Tax answers/options when you sell your Home. We will answer your questions about the tax free home sales and give you options on tax free exchanges
So, You got a letter from IRS? We can help. Letters from IRS are scary. We will answer your questions at no charge.
S-Corp, LLC, C-Corp, Partnership - Your Choice? Selecting the correct Business Entity is confusing. We will give you the tax options of each Business Entity.
How not to pay taxes when you sell income property. We will explain how to do a tax free exchange & not pay taxes when you sell your income property.
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What is a CPA Mom?
CPA Moms is trade name given to Accounting and Tax Professionals who chose to work in an “relaxed” environment. Some work from home, other work from personal offices. Not all are moms, there are some dads. Each CPA Mom is independent and licensed by their state CPA agency.
Being in a relaxed environment has many advantages. Lower overhead, faster response time, more availability etc.
To be a member of CPA Moms, the CPA must ALWAYS be in good standing with their state licensing CPA agency, experienced, and must demonstrate a high level of ethics, professionalism and proficiency.
Tax Net Inc, the parent company of the CPA Moms, has developed marketing and on line systems to help qualified CPA’s work from their relaxed environment and offer better service at a lower price to the consumer. Since the CPA Moms do taxes and accounting of all complexities, there is always a CPA Mom available for every level of work.
For reliability and dependability of CPA Moms organization click on the Better Business Bureau icon below.
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Truck Accident Statistics
Michael Monheit
In 2003, there were 58,512 total vehicle accidents involved in fatal crashes in the U.S. (NCSA).
4,669 were large trucks involved in fatal truck accidents.
Large trucks are more likely to be involved in a fatal multi-vehicle crash than are passenger vehicles.
Most fatal truck accidents occurred in rural areas (68 percent) during the daytime (66 percent) and on weekdays (78 percent).
Only 1 percent of fatal truck accidents were DUI-related on the part of the truck driver compared to other types of fatal crashes. Higher DUI occurrences are 22 percent for drivers of passenger vehicles and light trucks and 29 percent for motorcyclists.
About 27 percent of all large truck drivers involved in fatal truck accidents had at least one prior speeding conviction compared to 19 percent of the passenger vehicle drivers involved in fatal crashes.
California had the most with 5,725 total fatal vehicle crashes but Texas had the most fatal truck accidents with 438.
Here’s a breakdown of the top 5 states as to fatal truck accidents in 2003:
State
Total Fatal Vehicle Crashes
Fatal Truck Accidents
California
5,725
332
Texas
5,040
438
Florida
4,432
343
Georgia
2,277
208
Pennsylvania
2,233
213
Compared to a breakdown of the top 5 states as to fatal truck accidents in 2002:
State Total
Fatal Vehicle Crashes
Fatal Truck Accidents
California
5,544
346
Texas
5,039
401
Florida
4,431
351
Pennsylvania
2,198
174
Georgia
2,188
202
More truck accident statistics from FARS (Fatality Analysis Reporting System)
Large trucks accounted for 9 percent of the vehicles in fatal crashes, but only 4 percent of the vehicles involved in injury and property-damage-only crashes. Of the 4,898 large trucks involved in fatal crashes, 76 percent were combination trucks.
Regardless of crash severity, the majority of vehicles in single and two-vehicle crashes were going straight prior to the crash.
The majority of persons killed or injured in traffic crashes were drivers (65 percent), followed by passengers (31 percent), pedestrians (3 percent), and pedal cyclists (2 percent).
In 2003, the initial point of impact at time of collision happened 2,354 times (50 percent) in the front of vehicle; compared to 382 times on the left side, 188 times on the right side, and 720 times in the rear.
In 2003, 608 large trucks were involved in fatal truck accidents causes by rollovers.
Miscellaneous trucking revenue statistics
The truck driver makes 30.3 cents per mile. Average yearly income for a driver is $32,000 a year. The average owner operator makes slightly more.
Total revenue estimates are $255.5 billion. For hire or common carriers trucking companies generated revenue estimated at $97.9 billion about $18 billion more than air transportation. Private fleets generated revenue estimated at $121 billion.
Truck operating ratio is estimated at 95.2. This means for every dollar in revenue the trucking company has a cost of 95.2 cents leaving a profit of 4.8 cents on every dollar.
The trucking industry contributes an estimate of $21.4 billion to operate on U.S. roads and highways.
The trucking industry accounts for 12.8 percent of all the fuel purchased in the U.S. Automobiles and light vehicles account for 63 percent of fuel purchases.
Michael Monheit, Esquire is the managing attorney for Monheit Law, located in Philadelphia, Pennsylvania Monheit Law, P.C. concentrates its practice in the field of plaintiff personal injury cases on a contingency fee basis. They can be found at www.monheit.com/truck
Disclamer: On this pages of this web site you will find resources concerning the trucking industry. This information was collected from many independent sources. The opinions expressed by each source is their opinion and is not necessarily the opinion of Denise or the CPA Moms. Each article or news item offers a different point of view and the source of each. This information is for general information only.
If you want a specific opinion, please contact me.
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Truck Road Taxes Related News
Iowa Legislative Digest Update (Quad-City Times)TODAY: (Updated 6:35 p.m.) PICKUP FEE HIKE — The Iowa Senate Transportation Committee voted 10-3 today for a bill that would raise pickup truck registration fees, but the road gets a lot rougher from here.
Gone Fishin' (The Dalton Daily Citizen)If you look for Ed Nabors, you might only find a “Gone fishing” sign. The Rocky Face resident held one of two winning tickets for Tuesday’s record $390 million Mega Millions jackpot. He won more than $116.5 million before taxes.
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