User Tag List

Reply
 
LinkBack Thread Tools
  #11  
Old 03-19-2008, 12:49 AM
Heavy Duty's Avatar
Board Regular
Join Date: Sep 2007
Posts: 414
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Default

You could work for him for a while then when you quit inform the IRS, the will bust him and make him pay his part of SS. It is illegal to work on a 1099 when you are not a real contractor. Ask him if he pays workman's comp. Bet not, you get hurt on the job and you are screwed.
Reply With Quote
  #12  
Old 03-19-2008, 01:07 AM
no_worries's Avatar
Senior Board Member
Join Date: Apr 2006
Posts: 1,154
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Default

Not only is he getting out of employment taxes but, maybe more significantly, workman's comp. You can pay for your own occupational accident coverage (he'll probably require it) but it's nowhere near as good as WC. You can make $800-1000/week as an employee. IMO, it's not worth it to take on the added burden. Not to mention, highly questionable at to the legality in the eyes of the IRS.
Reply With Quote
  #13  
Old 03-19-2008, 02:26 AM
Guest
Guest
Posts: n/a
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: Post(s)
Tagged: Thread(s)
Default

Quote:
Originally Posted by Heavy Duty
You could work for him for a while then when you quit inform the IRS, the will bust him and make him pay his part of SS. It is illegal to work on a 1099 when you are not a real contractor. Ask him if he pays workman's comp. Bet not, you get hurt on the job and you are screwed.
The company he is leaded to automaticly pulls payment for workmans comp insurance everyweek...he doesnt even handle the payroll, he just owns the trucks...I dont at all understand how all that works. I am up in the air as to wether or not I am evengoing to turn the application in. Just sounded good on the surface and I need something that gets me home due to the new baby being on the way soon, small towns, not much local work. 1099 sounds like a pain in the rear though.
Reply With Quote
  #14  
Old 03-19-2008, 02:59 AM
BanditsCousin's Avatar
Senior Board Member
Join Date: Jun 2004
Location: Chicago, IL
Posts: 3,800
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: Post(s)
Tagged: Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Default

I used to work for an Atlas agent on a 1099 even though I was an employee.
__________________
Mud, sweat, and gears
Reply With Quote
  #15  
Old 03-19-2008, 06:58 AM
no_worries's Avatar
Senior Board Member
Join Date: Apr 2006
Posts: 1,154
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: Post(s)
Tagged: Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Default

There are only a few states that require WC in the case of independent contractors. Most likely they are covering you with an occupational accident policy. Much cheaper and nowhere near as good of coverage. Might not even be a concern for you, but if so I'd double check what they're providing.

My 2 cents; trying to classify an employee as an IC is all to save the company money. That's rarely good for the employee/IC. But if the money's good enough, why not?
Reply With Quote
  #16  
Old 03-19-2008, 03:14 PM
Guest
Guest
Posts: n/a
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: Post(s)
Tagged: Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: Post(s)
Tagged: Thread(s)
Default

i get a 1099,have for 4 years...i break even every year
Reply With Quote
Reply






Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT. The time now is 03:45 PM.


User Alert System provided by Advanced User Tagging v3.3.0 (Lite) - vBulletin Mods & Addons Copyright © 2024 DragonByte Technologies Ltd.