1099s For Owner Operators

Save time and money this coming January by not preparing and filing unnecessary 1099’s for owner-operators. In general, payments exceeding $600 or more to any non-employee person in a taxable year for services performed must be reported to the IRS by submitting a Form 1099. Section 1.6041-3(d) of the Income Tax Regulations excludes freight payments from being reported on informational returns. What does this mean for you as a trucking company owner? If you have owner-operators, the payments to them are treated as “freight” payments and the issuance of 1099’s is not required. For more information on this topic please contact derick.fortenberry@bellandcompany.net or call Derick at 501.753.9700.

AFTA Truck Rodeo - 2011

We recently attended the AFTA Truck Rodeo held in Beebe Arkansas. We volunteered and help cook and serve hot dogs and drinks, to help raise money for the local fire departments. A good time was had by all that attended.