1099

1099 is the "easy way to get started in the world of trucking". Government regs have made it a very costly and difficult process to have actually employees, not to mention a host of other liabilities that actual employees bring to the game. Plus, lots of the fly-by-night companies doing 1099 could never be trusted to deposit withheld payroll taxes weekly, and they'd disappear and stop honoring check payments quicker then they will otherwise.

 

i work for 1099 company you just have to take out 300 a week from the check. at the end of the year you wont have problem or pay your taxes every quater. get a good accounter and right everything you can on your taxes

 

And the day credit deduction is able to be claimed also I was told. I am still on the fence. But the carrier I am on W2 with does not even offer health options.

 

Well maybe I would go 1099 if I were paid 35% of the load. Or .75 cents per mile being uncle same wants 25% off the cut before anything else.

 

A lot of guys around Memphis pay 50% after fuel for someone to drive their trucks as a fleet driver, no benefits, taxes paid or anything

 

The gross sounds great until tax time. This is what they count on.

 

Set up an LLC, $100 and be done with it, and save a percentage every week to give to Uncle Sugar. There is a snow flake somewhere in need of assistance in his mother's basement. Or those annoying baby mama's.

 

So 1099 is not a terrible way to go, if you know how to play the game? Looking at a job out of TX, 1099, claim $1600-2000 / week at 30%. Thoughts?