1099 advice (write offs,percentage takeout, etc).

738350

{"text":"So, I’ve been driving for swift for 2 years. I know, I know, I don’t need to hear the swift talk. There are a lot of them that don’t need to be behind the wheel of a semi. I was raised on 80+ acres of land and can operate just about anything. I was in a tough spot after my job in the coal mines got slow and truck broke down so I needed something fast. I’ve never been in an accident. Never backed into anyone. ANYWAY, I’m about to leave and drive for a buddy back home in East Tx. Any advice on 1099 when it comes to TAXES. I’ve always dealt with W-2.","videos":"[]","link":"{}","pics":"[]","canComment":true,"externalShare":false}

936953

{"replyTo":"

1006708 发表于 2021-06-13 16:18:20 I’m a 10-99 company driver for a place out of Chicago. Best thing I can tell you is to find a good CPA in your area that knows what their doing when filing. Also, depending on what the expected gross income is, that is how you’ll figure out your per-diem for food. Also save every receipt you get for things you pay for and yes that includes food. When it’s time to file you’ll have all of them to show exactly what the purchases were for. So also get a little filing system to store those on the road.

","text":"No such thing as a 10-99 company driver. Your being screwed.","replyToPid":428518}

936953

{"replyTo":"

738350 发表于 2021-06-13 23:10:26 Can you explain a little further how? I’m not being a jack*** I’m being serious.

","text":"If you work for a company and get a 10-99 instead of a W-2 most likely you’re being misclassified as an independent contractor. There are very specific criteria to meet in order to be an “independent” contractor. Companies will try and 10-99 employees to avoid paying payroll taxes, overtime, unemployment, worker’s compensation insurance on these employees. The only one that wins is the company. Mainly because the    “employee” is now responsible for the taxes that the employer isn’t paying. If a employee pays $100 in social security tax in a pay week the employer also has to pay $100 on top of the $100 the employee paid. 10-99 and now the “employee” pays $200 and the employer pays ZERO.","replyToPid":428559}

874486

{"replyTo":"","text":"A 1099 is the same as a w2 except you are responsible for all of the things an employer would have to pay for. You are your own company or independent contractor. Find a good cpa that knows the trucking industry to help you out","replyToPid":0}

1006708

{"replyTo":"","text":"I’m a 10-99 company driver for a place out of Chicago. Best thing I can tell you is to find a good CPA in your area that knows what their doing when filing. Also, depending on what the expected gross income is, that is how you’ll figure out your per-diem for food. Also save every receipt you get for things you pay for and yes that includes food. When it’s time to file you’ll have all of them to show exactly what the purchases were for. So also get a little filing system to store those on the road. ","replyToPid":0}

797927

{"replyTo":"","text":"You don’t need receipts if you keep electronic records(normally tied to a business account). I wouldn’t do 1099 as an employee. I’m an employer. I pay W-2. ","replyToPid":0}

1006708

{"replyTo":"

936953 发表于 2021-06-14 08:39:26 If you work for a company and get a 10-99 instead of a W-2 most likely you’re being misclassified as an independent contractor. There are very specific criteria to meet in order to be an “independent” contractor. Companies will try and 10-99 employees to avoid paying payroll taxes, overtime, unemployment, worker’s compensation insurance on these employees. The only one that wins is the company. Mainly because the    “employee” is now responsible for the taxes that the employer isn’t paying. If a employee pays $100 in social security tax in a pay week the employer also has to pay $100 on top of the $100 the employee paid. 10-99 and now the “employee” pays $200 and the employer pays ZERO.

","text":"Never mind my previous question. This answers it. ","replyToPid":428582}

460988

{"replyTo":"

738350 发表于 2021-06-13 23:09:21 I’m skeptical about it due to the fact I don’t have much knowledge on it. I’ll ask the person who does my taxes about it.

","text":"Yes there is  my last job was ","replyToPid":428558}

753289

{"replyTo":"","text":"SmokinJoe is telling you the truth, you are being misclassified and your employer is screwing you.","replyToPid":0}

738350

{"replyTo":"

936953 发表于 2021-06-13 17:48:44 No such thing as a 10-99 company driver. Your being screwed.

","text":"Can you explain a little further how? I’m not being a jack*** I’m being serious.","replyToPid":428535}

758212

{"replyTo":"","text":"Keep all receipts personal hygiene stuff not deductible. Pay taxes every quarter or do like I do. Pay at the n of the year","replyToPid":0}

738350

{"replyTo":"

797927 发表于 2021-06-13 16:26:44 You don’t need receipts if you keep electronic records(normally tied to a business account). I wouldn’t do 1099 as an employee. I’m an employer. I pay W-2.

","text":"I’m skeptical about it due to the fact I don’t have much knowledge on it. I’ll ask the person who does my taxes about it.","replyToPid":428521}