JB Hunt Transport Year End Summary for 2021

Are you leased to JB Hunt, or do you have your own MC?

 

You do not need 1099 from anybody, just file taxes for the gross income you have received in 2021

 

They don’t have to send you a 1099 unless your a sole proprietor.

 

Doesn't matter what business structure you're set up as, they don't have to send out 1099s. You should be doing your own books accordingly. If you want to double check their reports against your own (which is a wise decision if you have the time to do it) all you have to do is contact their Accounting Department and ask for the information.

 

I'm going thru this with l/s. I filled out the wrong paper work.

 

You sure about that? Not being a smart ### but it’s what we have to do for our brokerage. If our accountant has advised wrongly it would be good to know.

 

Receiving 1099s is not a condition to filing business taxes. You don't have to attach 1099s to IRS forms anyway. It is your responsibility to accurately account for all the business income. In case you are audited, they will still go through your bank statements. Bank statements are your proof of where you got the money from, how much, and when.