2017 Income & Expense Review
Discussion in 'Ask An Owner Operator' started by ChicagoJohn, Dec 28, 2017.
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Oldironfan Thanks this.
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Oldironfan Thanks this.
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Zaros Thanks this.
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My reason for mentioning these other items is that if these additional benefits are not included into the pay structure of an owner operator, you're making less than a company guy with benefits in most cases. -
I don't pay estimated taxes: state nor fed & never have. What you pay as a penalty for not paying in advance is well worth it imo bc that $$ doesn't get interest when you prepay and could be used to get a return on if you had it in your possession.
Penalty is <$200 a year.Oldironfan, nax, rollin coal and 1 other person Thank this. -
I contributed 3k into a SEP IRA but I paid it out of my personal income.
blade Thanks this. -
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