Income records
- ✓All 1099 forms received
- ✓Settlement statements or load summaries
- ✓Income not reported on a 1099
- ✓Business bank and payment-app records
- ✓Mileage or trip records when relevant
Expense records
- ✓Fuel, repairs, maintenance, and supplies
- ✓Insurance and licensing records
- ✓Phone and communication costs
- ✓Equipment purchases or leases
- ✓Travel records and other ordinary business expenses
Keep records, not guesses
Bring complete, organized records and receipts. Whether an expense is deductible depends on the facts, business purpose, and applicable tax rules.