Trucker Money Moves

Glossary

The alphabet soup, in plain words.

BOC-3
The filing that names a process agent in every state so you can be served legal papers. Required before FMCSA grants authority.
CDL / CLP
Commercial driver's license, and the learner's permit you hold at least 14 days before the skills test.
Clearinghouse
FMCSA's database of CDL drug and alcohol violations. Employers must query it; you can see your own record free.
CSA
Compliance, Safety, Accountability. FMCSA's scoring of carriers from inspections and crashes. Your violations feed your carrier's score.
DataQs
The system for challenging an inspection, violation or crash on your record.
ELD
Electronic logging device. Required for most drivers who keep logs; short-haul drivers are exempt.
ELDT
Entry-level driver training. Since 2022, required from a registered provider before a first CDL, an upgrade, or a hazmat, passenger or school bus endorsement. Veterans using the military waiver are exempt.
Form 2290
The federal heavy vehicle use tax, up to $550 a year on trucks 55,000 lb and up. Tax year July to June.
IFTA
International Fuel Tax Agreement. One fuel tax license from your base state, one quarterly return that splits the tax among the states you drove.
IRP
International Registration Plan. Apportioned plates: one plate, registration fees split by miles in each state.
MC number
Your operating authority docket number, the permission to haul for hire across state lines.
MCS-150
The form that creates and updates your USDOT number. Must be updated every two years.
Medical card (MEC)
The Medical Examiner's Certificate, form MCSA-5876. Now transmitted electronically to your state; carry the paper too.
OOS
Out of service. An inspector's order that the driver or vehicle cannot move until the problem is fixed.
Per diem
The daily IRS allowance for meals and incidentals when you are away from home overnight. $80 a day in the lower 48, 80% deductible for drivers under hours-of-service rules.
PSP
Pre-Employment Screening Program. Your five-year inspection and three-year crash history that carriers buy when you apply.
QBI
Qualified business income deduction. Up to 20% of an owner-operator's profit, off the top.
SAFER
FMCSA's public lookup of any carrier's authority, safety rating and inspection record.
SE tax
Self-employment tax, 15.3% for Social Security and Medicare, paid by owner-operators on their profit.
UCR
Unified Carrier Registration. The yearly fee every interstate carrier and broker pays, due December 31.
USDOT number
Your carrier identifier with FMCSA. Required for interstate operation at 10,001 lb and up.
VR&E
Veterans Readiness and Employment, VA Chapter 31. Pays for training, including CDL school, for veterans with a service-connected disability.