expedited contract driver question

The owner should be paying for the insurance but this is all dependent on what is in the contract - which you should get before meeting with them to sign it.

 

Do you own the truck?

Are you just a driver?

If so, you should be paid as an employee with payroll taxes, and workmens comp.

 

Just so you know, there is no such thing. He owns the equipment, you drive the truck. If audited, you could be in trouble.

 

You are not self employed so if you file a return showing such the IRS can come in and change the return to show that to be incorrect. Then you are open to fines.

Do a search on the forum under 1099. In addition, look on the IRS site for employee or contractor at this link
http://www.irs.gov/Businesses/Small...ependent-Contractor-Self-Employed-or-Employee

 

Go pay a lawyer 100 bucks to read that contract and I'd bet you get his thoughts within first 2 lines he reads. Besides think about it.....60/40 of what??? You will NEVER know the truth of that figure. Just what they tell ya. If they are keg it and half decent which I very seriously doubt they are the would have 30 or so trucks and people like you working for them. Make sense? Go work for a real inc company that has work comp etcccc.