Escrow fund

Discussion in 'Questions From New Drivers' started by Justinuser, Dec 26, 2023.

  1. tscottme

    tscottme Road Train Member

    If the company provided the truck, picked the freight, and told you when to work, then the trucking company misclassified you as an independent contractor, instead of W-2 employee. Mention that to the state labor board and the US Internal Revenue Service. Make sure your self-employment taxes, state income taxes, are paid in full, not just no state office has asked for the money yet. If you report the employee misclassification it may be discovered that you owe unpaid taxes.

    If you know any other drivers trying to work for Chicago 1099 companies you should warn them away from it.
     
    JB7 Thanks this.
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

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

  3. tscottme

    tscottme Road Train Member

    You will need to pay the taxes that were owed on your settlement checks. MOST 1099 jobs are just schemes for the employer to avoid paying taxes and many 1099 drivers spend every dollar and then only later learn they owe money for the taxes that were never withheld and never paid to the state and the US IRS.
     
  4. tscottme

    tscottme Road Train Member

    Tajikstan, south of Russia, north of Afghanistan
     
    REO6205 Thanks this.
  5. Frank Speak

    Frank Speak Road Train Member

    4,519
    13,817
    May 3, 2016
    0
    You can, more than likely, kiss your $2500 goodbye. You can try the IL Attorney General’s office, but not much will probably come from it.
     
    Iamoverit and blairandgretchen Thank this.
  6. blairandgretchen

    blairandgretchen Road Train Member

    13,377
    71,907
    Dec 9, 2011
    South west Missouri
    0
    I kiss my wife goodbye every time I leave the house. I always return.

    I'll go to great lengths over principle.
     
    Jamie01 and Frank Speak Thank this.
  7. Justinuser

    Justinuser Bobtail Member

    25
    28
    Dec 26, 2023
    0
    Thanks everybody for your advices finally I received my escrow yesterday. I learned my lesson and I will be more careful with new possessions. And I have to fight to the other piece of my cake, that’s so bad if they thinking I’ll be calm and not make them famous for not paying my full money back.
     

    Attached Files:

    blairandgretchen Thanks this.
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

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