1099 tax help.

Discussion in 'Trucker Taxes and Truck Financing' started by Gearjammer79, Dec 25, 2017.

  1. Snailexpress

    Snailexpress Heavy Load Member

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    What I'm saying.
    You need to buy scanner, software, storage device or cloud space. Then you need to spent time to scan....
    Have you tried to scan PJ receipt 3 ft long?
    Every item has a bar code with name why not just use bank transaction as a receipt?
     
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  2. Gearjammer79

    Gearjammer79 Road Train Member

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    Can't find it. Have not been asked if I have one in years by an officer.
     
  3. Aamcotrans

    Aamcotrans Light Load Member

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    Or, download a free app to your phone. There is a PDF one that works excellent, even takes the picture and stores it.
    You can then email it to yourself.
    A years worth of receipts would probably be less than 2 mb on your phone.
     
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  4. Mark Kling

    Mark Kling Technology Contributor

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    So your laptop holding all your receipts is either lost, stolen, or destroyed...... what back up do you plan to have?
     
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  5. Gearjammer79

    Gearjammer79 Road Train Member

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    I do use cam scan app. It's like transflow but free because email is used. To send off of bills.
     
  6. Tb0n3

    Tb0n3 Road Train Member

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    Remote server, backups. Data security 101.
     
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  7. Gearjammer79

    Gearjammer79 Road Train Member

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    A piece of paper BOL and fax machine.
     
  8. tucker

    tucker Road Train Member

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    I still use Carbonite.
     
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  9. kemosabi49

    kemosabi49 Road Train Member

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    I know there are drivers that prefer to run as a 1099 driver. But you should consider what the differences are between W2 and 1099. As a 1099, when you file your taxes you will be charged the "self employment tax". This is Social Security. You pay both the employees (you) part-7.5%. Then you pay the companies (also you) part- another 7.5%. The companies part can be deducted on your taxes. As a W2 employee, you would only pay the 7.5% once- deducted from every paycheck.
    On 1099, unless you buy workmans comp insurance coverage for yourself, if you get hurt on the job, you are out of luck. No $$$. Also if you get let go, layed off etc. you cannot collect unemployment insurance while a W2 driver probably could.
    You should take a good look at your situation. I've heard a lot of guys say they like 1099 jobs, but they always seem to be getting top pay. Find a good accountant that if familiar with trucking (this is important) and sit down and run the numbers Good luck.
     
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  10. Steel Dragon

    Steel Dragon Road Train Member

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    With the new tax bill it's a waiting game until the forms are available.
    Save all your receipts and pray?:dontknow:
     
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