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

1034056

{"replyTo":"","text":"Best In Class.","replyToPid":0}

738350

{"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":"Yea, I read up on it a bit and watch some YouTube from people who has dealt with 10-99 when it comes to trucking. Is there not a pay rate that you would consider it worth it?\n","replyToPid":428582}

738350

{"replyTo":"

1034056 发表于 2021-06-14 23:36:50 Best In Class.

","text":"There’s always one","replyToPid":428627}

738350

{"replyTo":"

766797 发表于 2021-06-15 03:22:58 agree if you are not getting SUPER DEAL you loosing...

","text":"At what pay rate would you consider it worth it?","replyToPid":428648}

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}

738350

{"replyTo":"

766797 发表于 2021-06-15 13:39:08 ..atleast 38% from gross or 110k and you should be putting atleast 12% aside for taxes better way to be sending in quarterly 12% of your gross as tax payments...many people spend all and have tax problems on the tax day...

","text":"Ok, I’ll ask my buddy what his pay rate is. I’m not sure but he said he usually pays $1/mile. He said I’d be making $at least $1300 on a slow week. He said that’s about as bad as it’ll get.","replyToPid":428701}

1006708

{"replyTo":"","text":"Uh, they 10-99 me. I have an EIN, and make $350 a day flat rate. Serious question, how are they screwing me? Not asking this question in an a**hole tone either. I may not know something you do. ","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}

1288269

{"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":"You will be fine, just fine a tax lady that knows trucking, she can tell you what to save and what you don’t need to save. Just make sure your boss is paying you good for being 1099","replyToPid":428558}