LLC Help

Discussion in 'Trucker Taxes and Truck Financing' started by BFL123, Mar 25, 2021.

  1. BFL123

    BFL123 Light Load Member

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    May 27, 2012
    gaffney, sc
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    I bought a truck and formed an LLC with my state, SC. I filed my 2290 using my EIN number. I think thats where I made a mistake I just want to use my SS number to get paid but the company Im leasing to says I have to use my EIN for pay cause I paid my 2290 using my EIN. Can I change my 2290 or my W9 to let me get paid with my SS number? I believe if I get paid through my EIN then I have do do payroll tax and such, which I dont want to do Plus its a higher tax amount using my EIN, I think? Any help would be appreciated. If this sounds confusing, how do ya think I feel LOL
     
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  3. Snailexpress

    Snailexpress Road Train Member

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    You don't have to do payroll if you are single member/proprietor. Just fill 1040 for gross income and expenses.
     
  4. BFL123

    BFL123 Light Load Member

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    May 27, 2012
    gaffney, sc
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    Thanks for the reply So, I should just file taxes with everything under my name. I guess I really confused myself by making a company and registering it with the state. I should have gotten an EIN under my name and not the LLC name. Its confusing doing it by yourself with no help. Thanks again
     
    Last edited: Mar 25, 2021
  5. p608

    p608 Road Train Member

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    I'm curious why you would ask as opposed to a tax professional, the IRS can be a real mother to deal with, you want the best advice you can get when dealing with them.
     
  6. BFL123

    BFL123 Light Load Member

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    May 27, 2012
    gaffney, sc
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    I figured I would get some opinions here and at some point have a consultation with a lawyer or acountant. I dont think it hurts to ask opinions of drivers on here that may have been through the same process. I hope I didnt offend anyone by asking a question that wasnt my intention, Thanks
     
    Mattflat362 Thanks this.
  7. p608

    p608 Road Train Member

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    I am not offended at all, I am truly curious, it's kinda like going to a dentist to get a wart removed.
     
  8. BFL123

    BFL123 Light Load Member

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    May 27, 2012
    gaffney, sc
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    I guess if I was a know it all like some people, I wouldn't be on here asking for peoples help and opinions. If I was gonna put up a fence around my property, I would ask opinions of friends and neighbors before I hired a ####### to rip me off.
     
    D.Tibbitt and slow.rider Thank this.
  9. Mattflat362

    Mattflat362 Road Train Member

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    That is how you view the collective experience of carrier and owner operators on this forum?
     
    slow.rider and BFL123 Thank this.
  10. p608

    p608 Road Train Member

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    yep, I believe in using the correct tool for the job, a truck driver / owner operator is not a tax professional, just like I would not ask H&R Block for rates on a lane.
     
  11. Mattflat362

    Mattflat362 Road Train Member

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