In's and outs of OTR

I wouldn't take that job. You're also responsible for paying your own taxes; federal, state, social security, etc. and supposed to file taxes every 3 months.
Where is your location; much better jobs available for new cdl school graduates.

 

I would advise you to not take that. YOU will be your own provider of taxes and everything to Dear Uncle Sam, every quarter on 1099.

The household business is the one business I made sure never to be involved in after watching a local Household moving yard rot for two decades before being closed down and sold off. Zero activity.

You want to be a W2 employee. Remember under 1099 if you forget something with dear IRS, you are open to anything from garnishment, levy and seizing until the missed tax plus interest is paid. As a normal Employee with W2, you just go to work and complete your objective driving from A to B. The company will take care of all that 1099 and Taxes stuff.

It is a very easy way to fritter all of the money to nothing in trucking. However when you save a portion of every load paid to you after delivery you will inside of 10 years should have the money on hand to pick any place in the USA to live. And buy it clear with cash and have no debts to speak of.

 

San Diego has some decent jobs for new cdl drivers. These hire drivers domiciled in San Diego.
Redbone Trucking - www.redbonetrucking.com
Danny Herman Trucking - click here > NEW PAY INCREASE! | Danny Herman
Genesis Logistics - Address: 11045 Technology Pl Ste 400, San Diego, CA 92127
Coastal Transport - Address: 9950 San Diego Mission Rd, San Diego, CA 92108

 

Company driver paying for everything? Is it a lease deal? That would have to pay 80% of the linehaul to even be considered.

I have to agree with Chinatown. I wouldn't take that job. My guess would be that since you're footing the bill on the hired help, you would probably be responsible for workman's comp or anything if anyone was to get injured or property got damaged.

 

I personally wouldn’t take a lease deal even if it was 90% linehaul. Not for a first time job. To many unknown factors one being “do I like the company I’m with?”

I would suggest you start with one of the companies China recommended driving their trucks for a year or two and see if you even like the life style of a trucker. Pays not great for the job but at least you won’t be hog tied to a lease when you don’t even like the job, Then and only then look into a lease or owner op.

 

As for taxes, as a company driver you file taxes the same as you do now; every 12 months.

 

In addition to the above you no safety net for income if you are terminated/laid off. There are no unemployment benefits to a 1099 employee, you are on your own.