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

    1,899
    1,708
    Nov 23, 2015
    0
  2. mattvogelpohl

    mattvogelpohl Heavy Load Member

    965
    786
    Feb 18, 2015
    Avon Lake, Ohio
    0
  3. Gearjammer79

    Gearjammer79 Road Train Member

    1,275
    918
    Nov 25, 2017
    0
    I'm not to happy right now. That gave me more questions.
     
  4. Steel Dragon

    Steel Dragon Road Train Member

    1,899
    1,708
    Nov 23, 2015
    0
    Tax rate going down for llcs...can't be a bad thing...
     
  5. Gearjammer79

    Gearjammer79 Road Train Member

    1,275
    918
    Nov 25, 2017
    0
    So it's bad of I'm some proprietor? I need to get EIN # and LLC?
     
    Steel Dragon Thanks this.
  6. kemosabi49

    kemosabi49 Road Train Member

    1,367
    1,317
    Jan 13, 2013
    SW Arkansas
    0
    You have to have an EIN to file your HVUT.
     
    Steel Dragon Thanks this.
  7. Gearjammer79

    Gearjammer79 Road Train Member

    1,275
    918
    Nov 25, 2017
    0
    HVUT is What? Do I need a Manual?
     
    Steel Dragon Thanks this.
  8. BrandonCPA

    BrandonCPA Bobtail Member

    15
    10
    Dec 16, 2017
    0
    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.
     
    Steel Dragon Thanks this.
  9. Freddy57

    Freddy57 Medium Load Member

    677
    753
    Nov 29, 2013
    Mount Vernon, MO
    0
    Get your CDL, lease purchase a truck from your favorite carrier and money will fall into your pockets like rain from the sky!
     
  • Draft saved Draft deleted