Good time to become O/O?

Discussion in 'Trucker Taxes and Truck Financing' started by Steel Dragon, Dec 16, 2017.

  1. Steel Dragon

    Steel Dragon Road Train Member

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  2. mattvogelpohl

    mattvogelpohl Road Train Member

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  3. Oldironfan

    Oldironfan Road Train Member

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    I'm not to happy right now. That gave me more questions.
     
  4. Steel Dragon

    Steel Dragon Road Train Member

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    Tax rate going down for llcs...can't be a bad thing...
     
  5. Oldironfan

    Oldironfan Road Train Member

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    So it's bad of I'm some proprietor? I need to get EIN # and LLC?
     
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  6. kemosabi49

    kemosabi49 Road Train Member

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    You have to have an EIN to file your HVUT.
     
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  7. Oldironfan

    Oldironfan Road Train Member

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    HVUT is What? Do I need a Manual?
     
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  8. BrandonCPA

    BrandonCPA Bobtail Member

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    This is a great time to be an owner operator. I would encourage anyone to do so. I would form an LLC and get an EIN for privacy and taxation reasons.
     
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  9. Freddy57

    Freddy57 Heavy Load Member

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    Get your CDL, lease purchase a truck from your favorite carrier and money will fall into your pockets like rain from the sky!
     
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