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Discussion in 'Questions From New Drivers' started by Sixela918, Apr 9, 2022.

Page 3 of 3
  1. Jun 7, 2023 #21
    Short Fuse EOD

    Short Fuse EOD Road Train Member

    2,774
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    Jul 29, 2015
    Midwest
    0
    Owner operators are 1099. They are a private business contracted to serve a company their labor and equipment. Although rare, they can be W2 and be paid separate for their equipment.

    Internal and external lease purchase or leasing guys fall under as real o/o as well.
     
    Short Fuse EOD, Jun 7, 2023
    Short Fuse EOD, Jun 7, 2023
    #21
    D.Tibbitt and TravR1 Thank this.
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  3. Jun 7, 2023 #22
    kemosabi49

    kemosabi49 Trucker Forum STAFF Staff Member

    10,674
    45,804
    Jan 13, 2013
    SW Arkansas
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    For a company to pay on a 1099, there has to be a contract spelling out everything. Most of these companies make you put money into an escrow account that you will get back when you quit. Except you will probably never see that money again.
    Also, you have to be able to set your own schedule and pick your own loads.
    And as said above, you pay both your and the company's Social Security, should be making quarterly tax payments, and would not have any Workman's Comp or Unemployment insurance if you get hurt or unemployed.
     
    kemosabi49, Jun 7, 2023
    kemosabi49, Jun 7, 2023
    #22
    TravR1 Thanks this.
  4. Jun 7, 2023 #23
    REO6205

    REO6205 Road Train Member

    13,172
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    Feb 15, 2014
    California.
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    Yes. Go with your gut...if your gut tells you it's a bad deal it probably is.
     
    REO6205, Jun 7, 2023
    REO6205, Jun 7, 2023
    #23
  5. Jun 14, 2023 #24
    TravR1

    TravR1 Road Train Member

    3,693
    9,592
    Nov 9, 2017
    TX
    0
    I actually got a 1099 offer yesterday hauling bees. During off season, I'd do regular flatbed loads.

    I haven't looked at the contract, though. If he sends, I'll look at it at least. He said he's doing well, and he takes more hometime than I do.

    I'm leery of 1099s, but I will look at it.
     
    TravR1, Jun 14, 2023
    TravR1, Jun 14, 2023
    #24
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