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<blockquote data-quote="bacha29" data-source="post: 1960654" data-attributes="member: 58386"><p>IC's and ISP' who are still paying their help with 1099's may be exposing themselves to more risk than they realize. Too often the payee doesn't know that he is liable for all taxes but doesn't know that until it comes time file his return, expecting to be refunded thousands he owes thousands and can't pay them. This is what happened in hundreds if not thousands of cases involving RPS/FXG drivers and X was feeling the heat from the IRS because of the millions in taxes left unpaid not to mention states including WC and UC. That is why you have to be an S or a C and treat drivers as employees. As for Express, their paying their bills but thats about it.Ground's revenue contribution is only 21% of the corporations total revenues but 78% of the corporations profit comes from that 21% revenue share. If not for Ground instead of a $150 stock it would be a $60 stock.</p></blockquote><p></p>
[QUOTE="bacha29, post: 1960654, member: 58386"] IC's and ISP' who are still paying their help with 1099's may be exposing themselves to more risk than they realize. Too often the payee doesn't know that he is liable for all taxes but doesn't know that until it comes time file his return, expecting to be refunded thousands he owes thousands and can't pay them. This is what happened in hundreds if not thousands of cases involving RPS/FXG drivers and X was feeling the heat from the IRS because of the millions in taxes left unpaid not to mention states including WC and UC. That is why you have to be an S or a C and treat drivers as employees. As for Express, their paying their bills but thats about it.Ground's revenue contribution is only 21% of the corporations total revenues but 78% of the corporations profit comes from that 21% revenue share. If not for Ground instead of a $150 stock it would be a $60 stock. [/QUOTE]
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