Starting with a drive away company

Don't you have any comdata checks?

 

Put a ad on the local Craigslist for a quick cash sale without title and be done with it!

 

Wait, is this a fuel card or a pay card?

A pay card you don't need anything call the number on the card.

The fuel card also doesn't need authorization if I remember right, you call the number, setup the check and then whom ever cashes it calls to confirm it and it is a normal check.

 

Be very careful with Comdata.

I remember a very long time ago we used to call dispatch to get a very large number to write onto the Comcheck to borrow cash for tolls etc against the payroll. (If you turned in toll receipts your payroll will be reimbursed)

It was the responsibly of the company to maintain a account in a bank that serves the Comcheck system (Comdata) Many truckers including myself have borrowed against payroll until we learned not to do it because the company will absolutely deduct their money back regardless of withholding etc. And you will end up with a 0.00 paycheck until your debt is paid back to company.

I recommend setting aside half of whatever gross on 1099 you take in. That money goes into a checking account with no bank card on it to defend it from being accessed on the road. That money is for Dear Uncle Sam at tax time. What's left out of it when you turn in your current years taxes will be yours to keep in savings that is.

If I ever made a mistake in my life time under a W2 as a company driver is not maintaining a address in a non state tax state. My income would have been way better week to week. Arkansas is pretty hard on taxing above 17500 gross income per year. We wound up paying thousands to the state at 67K in 2001.

HOWEVER... We usually assigned 75 extra dollars each week to state withholding and 100 to uncle sam in withholding from the both of us that year. The result was even though 67K was a higher tax bracket for us jointly, we ended up getting back a very big refund check to begin a new trucking year as savings to start off.

I have constantly pounded the table here on TTR about savings, savings, and more savings. I don't care if you got 20 dollars or 200,000 dollars saved. It's savings you can use on a really bad day.

Many truckers fail to save money under 1099, and find that the IRS has unlimited powers to essentially just close all of your banking accounts, checking, savings whatever. They will absolutely lock it up and take it. And keep doing it until they are paid back their taxes you did not pay. They don't give a *&^% if you starve, jail, evicted, loss of home and property etc. YOU WILL PAY UNCLE SAM BACK. (The same with student loans. If you die, your estate will have to pay it back first)

So, put aside 50% and enjoy your work year.

For those of you wondering. It applies to all Citizens of America world wide. This is one main reason why other Nations and their banks refuse to serve Americans for accounts because of mounds of paperwork required by Treasury and IRS etc.

How to get out of it? Well, the only lawful way to do this is to literally denounce your citizenship. Whatever assets in cash, property etc you own at that moment will be taxed straight 35% exit across the board and your name and information will be carefully and publicly entered into the big book, Federal Register which contains everything engraved in stone forever and publicly.

At that point after the proceedings are complete, you will be given a UN Stateless Person's Card and told where to go to interview with the UN who have just considered you their new ward to take care of. Literally a stateless person refugee with no country.

Several thousand Americans a year including a number of very famous celebs do this, partly because they have already dual citizenship with say Israel, Swiss or what have you and can do this to dispose of the excessive taxation and banking issues overseas.