1099 or W2

Discussion in 'Trucker Taxes and Truck Financing' started by blue1005, Oct 16, 2019.

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  1. Oct 31, 2019 #31
    12 ga

    12 ga THE VIEW FROM MY OFFICE

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    Oct 21, 2013
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    Use the search button this is a worn out topic been discussed more times than I can count.
     
    12 ga, Oct 31, 2019
    12 ga, Oct 31, 2019
    #31
    JonJon78 Thanks this.
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  3. Oct 31, 2019 #32
    blue1005

    blue1005 Light Load Member

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    Then i would encourage you to not respond and have a peaceful day indeed. And being that it is a legal issue that has the potential to be ever changing, an updated one does not hurt anyone.
     
    blue1005, Oct 31, 2019
    blue1005, Oct 31, 2019
    #32
  4. Nov 18, 2019 #33
    rjjr1963

    rjjr1963 Bobtail Member

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    Oct 14, 2019
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    If a company pays you as a W2 employee they also have to pay FICA, FUTA and SUTA taxes. They also must pay for worker compensation which can be very expensive. If they pay you as 1099 then they avoid all those liabilities. The IRS has very specific rules for each industry as to who must be paid in what way. It's not something an employer can just choose.
     
    rjjr1963, Nov 18, 2019
    rjjr1963, Nov 18, 2019
    #33
    whosfate Thanks this.
  5. Nov 27, 2019 #34
    XxdiggitxX

    XxdiggitxX Bobtail Member

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    Nov 17, 2019
    USA
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    As a company driver, I have per diem. It is not "paid" though. The weekly amount is not taxed. Lmk if this makes sense?
     
    XxdiggitxX, Nov 27, 2019
    XxdiggitxX, Nov 27, 2019
    #34
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