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<blockquote data-quote="bacha29" data-source="post: 1962774" data-attributes="member: 58386"><p>When dvalley jim sold his routes the new owners were paid with 1099's by RPS/GXG. Now all DVJ was doing was providing financing. The new owners were considered the new independent contractors. Owner financing is quite common. While the IRS rules involving OF are strict if dvj 's owner financing was complient , that's what matters. And again whoever's name is on the settlement decides the matter. Now if DVJ is one of those CA contractors looking for a big settlement. I read the settlement and it is no where near as lucrative as some believe. It would appear that it will not matter if you have 1 route or 25 you are still considered to be 1 claimant. If you took the entire settlement subtracted the proposed attorney fees (22%) and divide the balance by 2000 certified claimants the net amount looks to be somewhere around $ 72,000.</p></blockquote><p></p>
[QUOTE="bacha29, post: 1962774, member: 58386"] When dvalley jim sold his routes the new owners were paid with 1099's by RPS/GXG. Now all DVJ was doing was providing financing. The new owners were considered the new independent contractors. Owner financing is quite common. While the IRS rules involving OF are strict if dvj 's owner financing was complient , that's what matters. And again whoever's name is on the settlement decides the matter. Now if DVJ is one of those CA contractors looking for a big settlement. I read the settlement and it is no where near as lucrative as some believe. It would appear that it will not matter if you have 1 route or 25 you are still considered to be 1 claimant. If you took the entire settlement subtracted the proposed attorney fees (22%) and divide the balance by 2000 certified claimants the net amount looks to be somewhere around $ 72,000. [/QUOTE]
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