Hotshot hauling with a pickup and gooseneck is owner-operator territory — expedited loads, expedited expenses.
Hotshot truckers haul time-sensitive loads with a heavy-duty pickup and trailer as owner-operators, reporting income on Schedule C and paying self-employment tax on net profit.
Because you often run under your own authority chasing loads off boards, your costs span the truck, the trailer, fuel across multiple states, and the back-office side of finding freight.
Income you’ll report on: 1099-NEC.
Most people in this line of work leave money on the table. Here's what we make sure to capture:
If you earn as an independent contractor, yes — self-employment tax is 15.3% (Social Security and Medicare) on your net profit, on top of regular income tax. You deduct half of it, and every business deduction lowers what you owe. We handle the calculation on Schedule SE.
Common write-offs include fuel for the truck across all states run (actual costs), truck and trailer depreciation, interest, or lease, tires, brakes, and maintenance on truck and trailer, commercial auto, cargo, and liability insurance, plus a share of your phone and any home-office use. We go through your year line by line so nothing legitimate gets missed.
If you expect to owe $1,000 or more for the year, the IRS generally wants quarterly estimated payments to avoid an underpayment penalty. We calculate them so next April isn't a surprise.
Yes. Your income is taxable whether or not a client or platform sent a 1099. We report it correctly and offset it with every deduction you qualify for.
Tell us what you've got and we'll come back within one business day with the plan and the price · from a preparer who knows your line of work.
Tell us what you’ve got