1099 Job?

Discussion in 'Trucker Taxes and Truck Financing' started by VIDEODROME, Nov 3, 2010.

  1. Rerun8963

    Rerun8963 Road Train Member

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    yeah....."per WORKING WEEK".........

    so right here tells me an o/o that has to depend on freight. what if you sit for 3 weeks straight.....can you afford HIS pay then...?????

    hey bro, whatever, just watch out, you can get screwed over so easily.
     
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  3. Hardlyevr

    Hardlyevr Road Train Member

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    so you would be this O/O's employee, and they don't want to pay the taxes or benefits (like workman's comp) that they are really required to do.
     
  4. Roadmedic

    Roadmedic Road Train Member

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  5. Les2

    Les2 Road Train Member

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    On a 1099 he would be a I/C not an employee.
     
  6. Roadmedic

    Roadmedic Road Train Member

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    Basically, it would be illegal. But people still work for them that way and it continues.
     
  7. Jack Smithton

    Jack Smithton Light Load Member

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    It's not really a choice you can make - 1099 or not -
    If you are an "employee" you can't be paid by the 1099 procedure.
    If you are really an "independent contractor", you can be.

    You may be an independent contractor if you:
    Set your own hours
    Set your own rates
    Assume personal responsibility for all aspects of the job
    Provide your own insurance
    Use your own equipment
    Decide when and where to work
    Decide how to get the job done
    Pay all of your own expenses, subject to some reimbursement

    Are free to "contract" with other employers, on your terms

    If so, you may be an independent contractor.

    If few or none of the above items apply, you may be working for an employer who just wants to reduce his expenses and liability, and try to push it onto you.
     
    Last edited: Nov 7, 2010
  8. 112racing

    112racing Road Train Member

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    $700 a week minus tax's is $450-475 take home depending on your status on a 1099 then add to that no health benefits, no workers comp if you get hurt , no unemployment if you lose your job
     
  9. spork.man

    spork.man Light Load Member

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    112racing, you're right with exception to the worker/comp if I remember right. I believe MI requires self-employed contractors to carry a policy or something similar. I'm 1099 but I'm required to carry a policy much like a work/comp policy. The OP might want to consult the local state law on it.

    I'm personally a fan of 1099. You don't really learn to miss money that is taken before you actually get a check :)
     
  10. 112racing

    112racing Road Train Member

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    yes depends on the state , pa if your self employed you don't need workers comp but many states you have to carry it but can't collect off it if needed
     
  11. VIDEODROME

    VIDEODROME Road Train Member

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    Thanks for the replies guys. It does seem like being an I/C without the independence.

    If I was going to do that maybe I try Panther.
     
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