Taking the plunge. My journey as an O/O.
Discussion in 'Ask An Owner Operator' started by Farmerbob1, Jan 7, 2019.
Page 236 of 256
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Cat SDP…… got 663,xxx miles and 22,xxx hours never been rebuilt …
Did eat a cam thoJarhed1964 and Farmerbob1 Thank this. -
Update. Rather than screw around trying to figure out how the IRS is broken, I will be setting up an LLC and getting an EIN for the LLC.
Will need to set up some more business-specific bank accounts for better financial segregation of money too.
It's something I should do to protect myself anyway, I suppose, but it will delay moving over to Schneider.
Having the accountants set it up, since they offer the service.dwells40, Midwest Trucker and Cat sdp Thank this. -
I just realized I did not yet mention how the IRS is broken.
Currently I cannot acquire an EIN through the IRS website. The error indicates that there is a data conflict of some sort. After a 90 minute wait on hold, I worked with a live IRS agent for 30 minutes to determine that she could not figure out what is broken.
My only option now for a personal EIN directly tied to me is doing an SS4 form via snail mail, which is likely to take months, because the easy solutions were already looked at by the agent I already talked to.
Schneider absolutely requires an EIN even for a sole proprietor, though it is not a legal requirement. My guess is that they do not want driver social security numbers to be floating around in too many places for security reasons.dwells40 Thanks this. -
Farmerbob1 and dwells40 Thank this.
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Farmerbob1 and dwells40 Thank this.
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But it is better then where he is……..Last edited: Jun 24, 2021
Farmerbob1 and Midwest Trucker Thank this. -
Farmerbob1, Midwest Trucker and dwells40 Thank this.
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Bob did you already have a ein in your name ?
Either way with the magas your better off with a LLC because you never know what the leasing rules are gonna end up being….Farmerbob1, Midwest Trucker and dwells40 Thank this.
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