You... haven't taken the time to read through the entire thread, obviously...
Please tell me how I don't qualify as a 1099 contractor? I have the ability to book my own loads, where I want, when I want. I have the ability to run or sit for weeks at a time if I so choose. I have the ability to use the truck as personal conveyance whenever I so choose, and drive it wherever I so choose. I have complete control over what I do and when I do it. The only thing that may come into question is that I don't actually OWN the equipment.
I can make a better case to be qualified as a 1099 contractor than these lease operators working for the large carriers, who have almost NO ability to choose when, where, how and IF they run. If you don't do what they say, you're starved out.
SOMEONE said it couldn't be done...
Discussion in 'Questions From New Drivers' started by windsmith, May 18, 2012.
Page 17 of 21
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Besides, I'm done with financing. I no longer have a need or desire to pay someone else for the privilege of holding THEIR money. -
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Instead of taking a negative approach and criticizing, perhaps you could take a little time to explain to all of us in trucking who are paid as 1099 contractors exactly HOW we can become compliant with the IRS rules regarding 1099 contractor qualification? It's obvious that you are quite certain that we (I) am NOT compliant with the rules, despite having never met me or sat down to review my unique financial situation and contracts. -
It's really NOT That hard to figure out...
http://www.irs.gov/businesses/small/article/0,,id=99921,00.html
So while you have "freedom of action", he's still your boss and you are an employee.
But what do I know.....I'm jus a ####### truck driver. -
And you don't have complete freedom anyway. The guy already fired you once for not wanting to pull a trailer. You can't hire someone to drive that truck for you either.
You will probably get away with the 1099, but the taxes will hit you hard. Been there, done that.windsmith Thanks this. -
Until the IRS comes after your boss for back witholding taxes - all of it. NOW! Hope he has some deep pockets - should hit sometime next year after the computer starts matching up tax returns. My best advice is to get some health insurance - this is one of the most dangerous industries there is. You never know when something bad is going to happen.
Roadmedic Thanks this. -
Please note that receiving 1099 means that you have to pay twice as much SS tax than you would have paid if receiving W2. Basically, your employer is passing his share of SS taxes to you.
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Yes, I pay an extra 7.65% of my income so that I can choose my own loads, not have to deal with Qualcomm harassment, set my own routing, and try to keep my boss from trying to schedule loads towards home every week so that I can stay out longer and earn more. I say I get pretty good value for that. Not to mention that I'm earning at LEAST 7.65% more than I'd be earning at Werner, JBHunt, FFE, etc... And yeah, I run the northeast a lot. I don't see why people complain about it. It's where the money is.
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