Another lesson to learn is before diving headlong into the 1099 world is considering consulting a tax attorney that specializes in such matters.
Even though I’m a W2 driver I still consider having extra money taken out for taxes because it does one of two things:
1. If I get a refund I’ll at least get some of the money back.
2.Heaven forbid,if I owe Uncle Sam money, I won’t be penalized as much as I’ve reduced my tax liability.
This is stuff people need to think about,1099 and W2 alike.