O/O Lease 1099 question

Discussion in 'Trucker Taxes and Truck Financing' started by 2012newdriver, Jan 23, 2013.

  1. ladywrongway03

    ladywrongway03 Heavy Load Member

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    Aug 28, 2008
    trotwood oh
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    ahhh the beginning of taxes.my roomate said what are you doing?as Im sitting at the table with 4 inches of receipts sorting through.getting ready to send my stuff to accountant.She said why dont you do it every month,it would be alot easier.Yes I say but my disorganization is the reason I dont have my own authority,and I really hate paperwork.But this year is going to be different....been sayin that for 6 yrs now lol
     
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  3. pure pathedic

    pure pathedic Bobtail Member

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    Jan 28, 2013
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    Heres my question my husband was a company driver till may then he was a lease driver from may till aug. Will he get a w-2 for being a company driver since the 1099 only shows us one thing which is what his revenue was for those few months
     
  4. TheRoadWarrior

    TheRoadWarrior rocking-n-rollin again

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    Dec 6, 2011
    South West
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    He should get both. He was company first then lease which means taxes were already taken out.
     
  5. pure pathedic

    pure pathedic Bobtail Member

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    Jan 28, 2013
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    I figured I was right but I wanted to make sure cause have only gotten the 1099 so far for thT company and not his w-2 thank you
     
  6. EZX1100

    EZX1100 Road Train Member

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    Aug 18, 2012
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    thats exactly what i have been doing

    the carrier does not include his commission on my 1099
     
  7. Ctvalentine

    Ctvalentine Bobtail Member

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    Feb 13, 2022
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    Ok same question here if your truck made 10,000 I would think that's what should be on the 1099. Before any deduction. Than theyre should be a line showing deductions. For 3000 leaving 7000. But i would think toy would get a receipt or etc for the 3000. That you paid. Is that correct?
     
  8. Ctvalentine

    Ctvalentine Bobtail Member

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    Feb 13, 2022
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    Same question. I believe it would show 10,000 than show deductions of 3000. Leaving 7,000.? Or you get a receipt for everytime they take 30%. End of year add it up subtract from your total gross.? Again making statement but not sure. So also a question
     
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