1099 Contractor

Discussion in 'Experienced Truckers' Advice' started by jlawson1979, Nov 8, 2015.

  1. madman76

    madman76 Light Load Member

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    80 percent of all construction works are 1099 cash employees
     
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  3. rachi

    rachi Road Train Member

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    Madman, when you get paid 1099 you are not an employee. And if you dont file quaterly taxes state and federal will give you a penalty. And 1099 filers pay at least double or triple to have theyre taxes done.
     
  4. madman76

    madman76 Light Load Member

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    You only have to pay quarterly taxs is if you owed before see i pay no tax and get 5 grand back at tax time
     
  5. HalpinUout

    HalpinUout Road Train Member

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    And how is that? Your a 1099 and get no taxes taken out
     
  6. chris887

    chris887 Medium Load Member

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    So if you give a stripper dollar bills you are the strippers employer, by your definition
     
  7. chris887

    chris887 Medium Load Member

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    It's cool that you are happy. No one is saying you can't make good money 1099. But it is not possible to pay less tax as 1099 than w2, no matter what as 1099 you pay more tax or get a smaller refund.
     
    ChaoSS Thanks this.
  8. rachi

    rachi Road Train Member

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    Its pretty clear this guy is on here trolling.
     
    jlawson1979 Thanks this.
  9. madman76

    madman76 Light Load Member

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    Yes for for that minute of attention
     
  10. madman76

    madman76 Light Load Member

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    I guess your bad at doing taxes a family of 7 with alot of deductions plus eic means no tax owed
     
    chris887 Thanks this.
  11. chris887

    chris887 Medium Load Member

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    5 kids could do it. I have 2 kids and get a large refund. But believe me with 5 kids and eic you would be getting a lot more than 5k on a w2
     
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