Some agency like the IRS should put a stop to these companies doing this. They are employing people without abiding by the laws regarding workman’s comp etc. I guess as long as there’s people who will work as a “1099 employee “ these guys will keep doing it. I think there was a court case recently that hung someone out to dry who was running “1099 employees “
Paying Taxes on "Percent of Load" (1099 gig)
Discussion in 'Trucker Taxes and Truck Financing' started by Makeajump, May 27, 2019.
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But they tend to just go after the companies. If they would go after the "employee" then fewer would be willing to break the law by doing a 1099.Makeajump Thanks this. -
You might as well try to pick up all the illegals, it's never going to happen.
Makeajump Thanks this. -
I'm self employed and own my own truck. Federal, state and self-employment taxes worked out to about 29% last year.
Tombstone69 and Makeajump Thank this. -
So many of them though I dont think we will ever see that day.Rideandrepair and Makeajump Thank this. -
Tombstone69 Thanks this.
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I've been around a long time and unless you can see original BOL's,you're getting scammed.
Western flyer, Rideandrepair and Makeajump Thank this. -
If you don't run for people you can trust it doesn't matter how you get paid. I've ran % for years and it paid off of the gross linehaul. Excluding fuel surcharge.
Rideandrepair and Tombstone69 Thank this. -
Running % on 1099 and as an employee are totally different.
On 1099 you are responsible for state and federal taxes, the full amount of social security (employers cover part of it), workers comp.
you’ll have no company 401k match, no insurance of any kind, no vacation or holiday pay and you are pretty much still a company employee.
So what’s the upside to you? Non, but a fancy title “independent contractor” without any independence.
What’s the upside for the company? No taxes on the money they pay you, no workers comp, no benefits of any kind.
When will people learn.whosfate, Western flyer, Rideandrepair and 3 others Thank this. -
Rideandrepair, SoCalRed, Makeajump and 1 other person Thank this.
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