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TruckersReport.com Trucking Forum | #1 CDL Truck Driver Message Board
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Owner Operators
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Trucker Taxes and Truck Financing
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Paying Taxes on "Percent of Load" (1099 gig)
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<p>[QUOTE="V8-MACK, post: 8524693, member: 32353"]A 1099 works best for green card Kenya’s etc. no tax for 7 yrs,all others it,s not so good. Miles will vary just like any driving job. I worked for a 1099 Chicago co. 2,483 check then a 752 check. No detention or layover pay. 1099 co.s pretty much cover the worst loads available,cheap freight. I have exp going back to the 80,s can,t make anything anywhere. Tried tx. Oil field hauling crude oil and frac sand, Chicago railyards paid 800.00 more a week. So I tried a1099 co., very aggressive co. Get ready to run like the old days. You can claim everything, that is the positive. I realize 3,000- 7,800 a week of 25 yrs ago horizontal drilling is a thing of the past. Even there they said when you haul the drill rig,you get paid 1/8 of your wages. We said where not doing it then. I don,t blame anyone for trying to get his.[/QUOTE]</p><p><br /></p>
[QUOTE="V8-MACK, post: 8524693, member: 32353"]A 1099 works best for green card Kenya’s etc. no tax for 7 yrs,all others it,s not so good. Miles will vary just like any driving job. I worked for a 1099 Chicago co. 2,483 check then a 752 check. No detention or layover pay. 1099 co.s pretty much cover the worst loads available,cheap freight. I have exp going back to the 80,s can,t make anything anywhere. Tried tx. Oil field hauling crude oil and frac sand, Chicago railyards paid 800.00 more a week. So I tried a1099 co., very aggressive co. Get ready to run like the old days. You can claim everything, that is the positive. I realize 3,000- 7,800 a week of 25 yrs ago horizontal drilling is a thing of the past. Even there they said when you haul the drill rig,you get paid 1/8 of your wages. We said where not doing it then. I don,t blame anyone for trying to get his.[/QUOTE]
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TruckersReport.com Trucking Forum | #1 CDL Truck Driver Message Board
Forums
>
Owner Operators
>
Trucker Taxes and Truck Financing
>
Paying Taxes on "Percent of Load" (1099 gig)
>
Reply to Thread