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SCHNEIDER CHOICE PROGRAM - FREEDOM AWAITS " YOU " by JAR-HEAD

Discussion in 'Schneider' started by Jar-Head, Jun 22, 2014.

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  1. Nov 5, 2014 #1531
    Jar-Head

    Jar-Head Road Train Member

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    Yes ; but you must consider that the company applies for credits and keeps mileage logs so that's not on the driver all that's needed of you here at SNI ... Is buy your fuel correctly and watch taxes and buy your fuel correctly SNI does the rest as its related to IFTA
     
    Jar-Head, Nov 5, 2014
    Jar-Head, Nov 5, 2014
    #1531
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  3. Nov 5, 2014 #1532
    Bootsie

    Bootsie Bobtail Member

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    I'm not sure it would make a difference. I posed the question as it's one of the criticisms I've read on other threads. The point those posters are trying to make (I believe) is that by feeding the less attractive loads to IC's the host company unfairly pads their profit. Which, apparently to them at least, is unfair or abusive. From the responses so far it doesn't seem to be an issue to this group. Just trying to separate truth from fiction and what's meaningful from what's not. Mistakes in this business are expensive, I'd like to avoid the big ones to the greatest extent possible.
     
    Bootsie, Nov 5, 2014
    Bootsie, Nov 5, 2014
    #1532
  4. Nov 5, 2014 #1533
    mattbnr

    mattbnr Road Train Member

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    To be honest it shouldn't matter what the other guy is making as long as you are happy with what your making. If Schneider gets paid $10,000 for the load to move it 5 miles and only gives you $2000 for it then so what. Are you happy making the $2000? If so that's all that matters.
     
    mattbnr, Nov 5, 2014
    mattbnr, Nov 5, 2014
    #1533
    Fajo Thanks this.
  5. Nov 5, 2014 #1534
    Jar-Head

    Jar-Head Road Train Member

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    OK , OK
    Let's not get going on this thread ... Please stay on topic if there are points to be made let's make them on those perspective threads .. Let's not bring others issues here on this one

    Thanks
    JH
     
    Jar-Head, Nov 5, 2014
    Jar-Head, Nov 5, 2014
    #1534
    Boethel Thanks this.
  7. Nov 5, 2014 #1535
    Bootsie

    Bootsie Bobtail Member

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    Syracuse, NY
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    OK, let me see if I understand. I knew the 'true up' was at the company level for the company fleet, the data being derived from logs and fuel receipts. I assumed that you as an IC had to do your own true up. So for the purposes of the IFTA you and all the other IC's are considered part of their fleet (even if you own you own truck and not lease). So for the IC the net fuel cost is all you should consider, not how many miles you drive in OH, NY or any other state. Or am I still confused?
     
    Bootsie, Nov 5, 2014
    Bootsie, Nov 5, 2014
    #1535
  8. Nov 5, 2014 #1536
    DenaliDad

    DenaliDad Retired Wheel Dog

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    No matter what anyone says, ladies and gentlemen, this is why most novice owners fail. Failing to understand and apply the myriad tax laws in this country will kill that monster paycheck you got faster than your kid buying a 60" plasma TV. Thanks, JH, for making it simple, concise, and understandable.
     
    DenaliDad, Nov 5, 2014
    DenaliDad, Nov 5, 2014
    #1536
    Jar-Head Thanks this.
  9. Nov 5, 2014 #1537
    Jar-Head

    Jar-Head Road Train Member

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    Yes and no. You must also consider the rate of tax in the prospective state in which you have purchased your feel this is where IFTA strategy as I taught above comes into play. You must take the retail value of the fuel in which you purchase answer subtract the tax. this will give you your post tax fuel cost .

    your fuel cost after tax is what you must track in order to keep up with your quarterly tax refund or how much you owe and this is also dictated bye the amount of fuel you purchase and how many miles you run in a prospective state

    I hope this clarifies it a little better if not ask another specific question and I will try to get you a better answer

    Y
     
    Jar-Head, Nov 5, 2014
    Jar-Head, Nov 5, 2014
    #1537
  10. Nov 5, 2014 #1538
    Jar-Head

    Jar-Head Road Train Member

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    So if you buy 200 gallons in Gary Indiana cause its cheap and run across 3 states with it your in trouble tax wise cause you paid NO TAX AT THE PUMP therefore you will owe taxes for states you ran in PLUS the tax rate at the pump in Indiana which will be credited back but leave you in the hole in higher tax rated states you crossed such as IL
     
    Jar-Head, Nov 5, 2014
    Jar-Head, Nov 5, 2014
    #1538
  11. Nov 5, 2014 #1539
    Bootsie

    Bootsie Bobtail Member

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    Syracuse, NY
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    This is more complicated than I thought. Do you file in each state you drove in during the quarter? So even if you balance fuel purchases perfectly with miles driven in a particular state you must have to file with that state to prove it to them; similarly to income tax, even if you don't owe additional tax nor qualify for a refund you still have to file.
     
    Bootsie, Nov 5, 2014
    Bootsie, Nov 5, 2014
    #1539
  12. Nov 5, 2014 #1540
    Jar-Head

    Jar-Head Road Train Member

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    That's correct

    Its a tax game you play as a OTR driver
     
    Jar-Head, Nov 5, 2014
    Jar-Head, Nov 5, 2014
    #1540
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