Music, music, music, music, music. Hello everyone, this is Jason Pope, Detroiters coach. In this video, we are going to talk about the 1099 company driver contractor and the benefits or upside for you as a truck driver, as well as the upside for the trucking company. We will discuss who actually benefits from this relationship, whether it is the trucking company or the truck driver. We will provide all the information in this video. If you are new to this channel, be sure to hit that subscribe button and ring the bell for notifications whenever we upload recorded videos or go live. Also, join the Facebook group "The Truckers Coach" where industry professionals can assist you with anything related to trucking, from trucking school regulations to compliance and even starting your own authority. We offer free help to drivers, and that is our promise to you. Please give this video a like if you enjoyed the content, and dislike if you think there are areas we can improve on. Feel free to leave your comments or questions in the comment section below. Now, let's discuss the issue of misclassification. In social media, there are many individuals who boast about being a 1099 contractor when they are actually misclassified as employees. This is a common occurrence in the industry, and drivers may not be aware of the potential ramifications of being misclassified. We will provide more information about this in the video. Some drivers believe that creating a shell company, such as an LLC or an S corp, will protect them because they are considered a separate entity from the trucking company. However, this is not necessarily true. The IRS has strict guidelines, including a 16-point checklist, to determine whether an individual is an employee or a contractor.
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When to file IRS 1099-MISC 2024 Form: What You Should Know
Results 26 – 50 of 66 — Form 1099-B, 1099-S, and 1099-MISC (if amounts are reported in. Boxes 8 or 14) are Prior Year Products — IRS Results 51 – 100 of 66 — Form 1099-S and Form 1099-MISC (if amounts are reported in.
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