Transportation Brief: Spotlight on Taxation Practice Area
March 5, 2018
This issue of The Transportation Brief focuses on recent tax issues affecting companies in the transportation industry. When federal laws took effect at the beginning of 2018, Scopelitis attorneys acted quickly to assist with federal compliance issues, and with the subsequent issues that continue to arise as states readjust to align with the new tax environment. Each member of Scopelitis’ Taxation Practice offers a unique set of experiences and thought leadership.
- Andy Light leads Scopelitis’ Taxation Practice. His diverse transportation taxation experience includes state sales and use tax strategies, motor carrier fuel taxes, vehicle registration related taxes, state highway use tax, property tax, and business restructurings.
- Steve Pletcher directs the Firm’s federal and state employment tax section, regularly defending against IRS and state revenue department employment and unemployment tax controversies, including worker classification challenges and accountable plan employee expense reimbursement matters. Steve also directs the Firm’s employee benefits section.
- Ron Morelock focuses on federal, multi-state, and local transportation-related tax issues and regulatory fees, business restructurings, and motor vehicle dealer licensing matters.
- Becky Trenner’s practice primarily centers around state and federal employment and unemployment tax controversies, with a particular focus on defending the classification of transportation owner-operators as independent contractors.
- Kelli Block regularly counsels motor carriers and transportation intermediaries on a wide array of state and federal employment tax, wage and hour law, and regulatory issues that affect the transportation industry.
Scopelitis attorneys address complex taxation issues on a regular basis and assist clients with proactive tax planning and compliance issues. State and federal taxation can have a significant financial impact upon trucking operations in a variety of ways. Recently, our team has helped companies with issues ranging from:
- Identifying tax exemptions and refund opportunities
- Providing guidance on state and local tax matters
- Evaluating corporate business tax nexus standards
- Defending federal, state and local audit assessments
- Procuring voluntary disclosure and tax amnesty agreements
- Providing property and ad valorem tax guidance
- Advising on IRP and IFTA issues
- Assessing federal excise tax issues
To learn more about how Scopelitis’ Taxation Practice can help your business, please visit the practice area page.
Scopelitis’ Transportation Brief® is intended as a report to our clients and friends on developments affecting the transportation industry. The published material does not constitute an exhaustive legal study and should not be regarded or relied upon as individual legal advice or opinion.
Transportation Brief: The New Tax Law Overview
by Kelli M. Block , Steven A. PletcherThe Tax Cuts and Jobs Act (the Act) resulted in the most sweeping tax overhaul in decades. This offers overview of the changes in the Act that may have the most significant impact upon the transportation industry. Read Scopelitis' more here.
Transportation Brief: Business Income Tax Rates
by Ronald J. MorelockThe centerpiece of the Act is a permanent reduction to the corporate income tax rate. Read Scopelitis' insight here.
Transportation Brief: Temporary 100% Expensing
by Ronald J. MorelockFor qualified property acquired and placed in service after September 27, 2017, and before 2023, the Act temporarily increases the additional first-year bonus depreciation percentage from 50% to 100% with the percentages phasing down annually through 2026. Read Scopelitis' insight here.
Transportation Brief: Like-Kind Exchange
by Ronald J. MorelockUnder the prior tax law, owners of investment and business property could defer paying tax on gains if they exchanged property held as an investment or use in the taxpayer’s trade or business for property of a “like-kind” (1031 exchange). The Act retains like-kind treatment for real estate exchanges. Read Scopelitis' insight here.
Transportation Brief: The Tax Law and Motor-Carrier-Sponsored Per Diem Plans
by Kelli M. Block , Steven A. PletcherWhile the Act did not change the motor carrier’s side of the balance sheet when it comes to properly structured per diem plans, motor carriers must ensure their per diem plans are carefully structured. Read Scopelitis' insight here.
Transportation Brief: For the Record
We are pleased to announce that Jerry Cooper, a Partner in the Firm’s Chicago office, has been reappointed as a member of the Illinois Workers’ Compensation Commission Self-insurance Advisory Board effective through January 1, 2022.
- On the Road
Scopelitis attorneys are often invited to participate in meetings with transportation industry leaders. Learn more about their trips this quarter.
Transportation Industry News & Trends