Found a Potential Driving Opportunity

The best way to think about the 1099 is that it’s illegal for the company, not the employee.

If they were, due to happenstance, perhaps, be audited by the IRS, they would owe the IRS taxes on your behalf as well as their own account.

 

You do NOT want to be audited by the IRS.

IF you were or had trouble with them and cannot stay current they will take the house, assets, bank accounts and so on all the way up until you cannot function in our economy. Again you do not want to be audited. One of the defenses to that is have a good accountant that knows whats involved in taxation with 1099.

Ive always been a W2, just a few extra deductions and roll. In the end SSA pulls my lifetime earnings and that would determine what benefits amounts are paid out when the time comes.

 

I believe you are overthinking this. You aren't the 1st one to be given a 1099. As a company driver, I don't think you need to make 1/4ly payments, I never did as a company driver given a 1099, as an O/O, I failed miserably at that, there's where your penalties and interest come in. As a company driver, you may just have to put aside some each week, I know, it's tough, and you may not even need an accountant, the taxes are a must, the SS is up to you. I think you're making too big a deal about the 1099. Find out the pay, where you go, what you will do, how they keep their equipment, that's more important.

 

I admire your attitude but you're gambling on something you don't have any real control over.
Sometimes it doesn't matter what you do, or how safe you think you're being.

 

Oh, the IRS will come after you if you don’t give them what they want: taxes.

Technically, you don’t have to make quarterly estimated payments the first year, but you have to after that.

@REO6205 is also correct, you should carry health and disability insurance. It’s part of the reason the 1099 gig isn’t as attractive as it looks at first glance.

 

Yeah, Izzy got tired of all the questions.
Keep looking; there's plenty more jobs out there where you can be hired.

 

This can apply to future jobs as well. Years ago, we didn't have the luxury of a site like this, and was trial and error, mostly error. Good luck, and I would stay on course to find a job that takes out the taxes and insurance. If you are going to do a 1099, you may as well get your own truck and make the BIG money,,,