filing taxes with a 1099

  #11  
Old 03-18-2008, 12:49 PM
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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.
 
  #12  
Old 03-18-2008, 01:07 PM
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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.
 
  #13  
Old 03-18-2008, 02:26 PM
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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.
 
  #14  
Old 03-18-2008, 02:59 PM
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I used to work for an Atlas agent on a 1099 even though I was an employee.
 
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  #15  
Old 03-18-2008, 06:58 PM
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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?
 
  #16  
Old 03-19-2008, 03:14 AM
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i get a 1099,have for 4 years...i break even every year
 

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