Fsc. Is my boss just a liar!?

Discussion in 'Ask An Owner Operator' started by CamryXSE, Apr 8, 2022.

  1. Tb0n3

    Tb0n3 Road Train Member

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    1099 is not a legal pay structure for employees. You are not a contractor since you do not own the tools of the trade (the truck). Very simple.
     
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  3. Short Fuse EOD

    Short Fuse EOD Road Train Member

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  4. cke

    cke Road Train Member

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    Kinda what I was thinking.
     
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  5. CamryXSE

    CamryXSE Bobtail Member

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    News to me! Out in oilfield there is a lot of 1099 work. I just never once questioned it. The $11,000 I paid in estimated taxes for 9 months work ought to give some indication I'm not trying to get away with anything. Honestly, I've been in the business a long time. This is my first company job on a 1099 but it's done everywhere and no one seems to be hiding it.

    If a 1099 driver makes enough to offset self employment tax and no benefits, it really isn't all that bad. I hate being a company slave where they tell me they will kindly grant me one whole week off after one year.

    No, without a 401k, without medical insurance, there isn't a whole lot to keep me from cleaning out my trick and doing something else for a month, or six months, or however long I want. Then, I tell the truck owner, 'hey, when you get an opening, I'd like to come back (or, just go someplace else)

    This isn't rocket surgery. I'm not messing up a whole team with my coming and going. The employer invests very little in training me (I did that long ago). Give me the keys, OK, here we go.

    Nah man, it feels good to feel like my life belongs to me. 'We hire you to retire you?' Heck with that! I have other interests. When I really need the money...got that trusty old CDL.

    Self employment tax, medical, 401k? That's a huge loss and the 1099 driver needs to take all that into consideration.

    The legality of it all? I need to look into that more. Lots of drivers on 1099 and no one seems to be hiding anything. IDK!?
     
  6. cke

    cke Road Train Member

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    You’re a company driver paid by the mile. Rates should be none of your concern. Including FSC.
     
  7. bigguns

    bigguns Road Train Member

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    You pay all the 941 tax for yourself and your employer? Dept of labor tax? State and Fed. income tax? End of the year Fed. 940 form tax (the employer’s responsibility?
     
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