Driving for an o/op

Well you got some great answers. On what to save, you better save almost 20%. Social Security will be 13.3%. Legally he is required to file a Form 1099 if he pays you more than $600 for the year.

The logbook is what will be your downfall. If I understand correctly, if you work a parts counter job on the weekend, that has to be logged as on duty - not driving.

 

If you are being paid with a check that causes a paper trail, directly back to you.

Maybe to your benefit to go to the bank it is drawn on and cash out instead of depositing it in your account. I worked part time for a man moving equipment on the weekends during the housing boom and with my state taxes I held back 33% to cover all withholding as a buffer. Good thing at the time all my POV miles and expenses were tax deductible inside the IRS laws, I am not sure about the laws in re guards to the deductions now but you may want to check and see what you can deduct for expenses.

 

sounds like a 1099

 

Also forgot one thing, if you are contracted on a 1099 who pays for workman's compensation in your state?

I know most situations as 1099 you must carry workman's comp and not the originator, so in most places if you are being paid a 1099 and have a job related injury the bill is on you.

Like I said, I am not sure about the state laws where you work.

 

If your 1099 in Cali, no one pay's for workman's comp. Your consider an independent.

 

Thanks Dave,

I thought it was a nationwide deal but not being a lawyer did not want to say it without knowing for sure.

 

In Missouri you must have workmen's comp but you can get a waiver if you are a sole-proprietorship.

 

That extra cash is a good gig but don't tell JB. They're hardcore and they'll expect you to log it and give copies of those logs to them.

Don't forget- if you do get into an accident and are technically out of hours because of a second driving job, you're screwed and could be in serious trouble. And there goes your career AND second job. Or if you get violations or out-of-service orders on the weekend.

Just be aware of the risks, and the penalties.