1099 Tax question: Expenses

Discussion in 'Trucker Taxes and Truck Financing' started by Hello92, Sep 2, 2021.

  1. Hello92

    Hello92 Bobtail Member

    9
    7
    Feb 22, 2021
    0
    I am driving as an independent contractor getting a 1099, but using the company's truck. Am I able to use the mileage expense? What are other expenses I can use in this situation?
     
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. Mr Uturn

    Mr Uturn Bobtail Member

    40
    47
    Jul 30, 2021
    0
    You need to ask who ever is going to he doing your taxes. Either your accountant, cpa, or tax prepare company. Thier are to many ways to justify a yes or a no answer to this question. So ask the person who does it for a living, that you will be paying to do it.
    Dont have one yet? Look inside one of those truck papers, mags at the door at most every truck stop.
     
  4. wis bang

    wis bang Road Train Member

    2,096
    1,819
    Jan 12, 2011
    Levittown, PA
    0
    Don't forget the additional taxes too, you have been making quarterly payments to the IRS, RIGHT?
     
  5. 12 ga

    12 ga THE VIEW FROM MY OFFICE

    1,546
    1,726
    Oct 21, 2013
    Central Michigan
    0
    As has been stated on here many times, you and your employer are in violation of Federal Law. In case of an accident you will get your ### sued off.
     
  6. xsetra

    xsetra Road Train Member

    4,260
    4,881
    Aug 21, 2011
    0
    1099 expense and deductions relevant to income taxes are the expenses you pay.

    Using company truck, pickup and delivery per their instructions.
    You are an employee, not eligible for 1099
     
  7. LoSt_AgAiN

    LoSt_AgAiN Medium Load Member

    668
    2,991
    Sep 7, 2018
    0
  8. kemosabi49

    kemosabi49 Trucker Forum STAFF Staff Member

    7,792
    27,537
    Jan 13, 2013
    SW Arkansas
    0
    America's KGB.
     
    tscottme and LoSt_AgAiN Thank this.
  9. inandoutoftrouble

    inandoutoftrouble Road Train Member

    4,003
    3,611
    Sep 20, 2012
    Wichita KS
    0
    @Hello92
    You may want to get out of that company and find another job, that puts you on a legitimate W-2 form. This whole situation is an accident waiting to happen, (no pun intended).

    God bless every American and their families! God bless the U.S.A.!

    The absolute sheer driving force of our national economy - without truck drivers, our entire national economy would come to an absolute standstill - if not outright be dead.
    [​IMG]
    Over the mountains, through the woods, into the valleys, coast to coast, from sea to shining sea - truck drivers can and do go anywhere and everywhere, every day, every night, all year round.
     
  10. bryan21384

    bryan21384 Road Train Member

    7,672
    12,564
    Sep 18, 2009
    1918 Anywhere, USA 90210
    0
    Technically, you really can't make any deductions. Maybe your meals, day to day expenses, but the big money saving deductions, your company will already claim those(fuel, repairs, tolls, etc). If you bought things for the truck and didn't get reimbursed, but still have the receipts, then you can deduct those. Other than that, I can't think of too much you'll be able to deduct. As one member said, you'll need a professional to do it for you, as they know the intricacies of tax laws
     
  11. bad-luck

    bad-luck Road Train Member

    1,952
    2,890
    Nov 16, 2013
    Baltimore, Maryland
    0
    We see a LOT of questions about taxes on TRR. Do you really want someone on a public forum, who is NOT an accountant giving you tax advice??? Hire a CPA to do your taxes!
     
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  • Draft saved Draft deleted