Re: Tolls
My carrier says they will reimburse me for tolls. Most times I have to ask, but sometimes it is offered as an incentive to take a load. Kinda like being offered the coveted first out. I have on occasion submitted the toll receipts and jumped through the proper procedural hoops, but have never been reimbursed. My carrier will show me an estimated $30 toll reimbursement for a load that actually incurs maybe $3.50 in tolls. Although I have no proof, mostly because I have never been reimbursed for toll costs I have submitted, it is my guess that any toll reimbursement would appear as income on my 1099. Much like a fuel surcharge is listed as income on a 1099.
I suspect that my carrier and others that reimburse tolls to the O/Os as income on a 1099 are doing a double dip of sorts; claiming tolls/inflated tolls as reimbursements to contractors as income to the contractor and then using tolls as a corporate tax deduction. Similar to fuel surcharges that are not paid in full directly to the person buying the fuel.
Personally I have no problem with not getting reimbursed for tolls. I occasionally put in for toll reimbursement in hopes of leaving some kind of record of my carrier's possible malfeasance. I do have and do submit on my schedule C, receipts for all business related tolls paid by me. Even if I was to get reimbursed for paid tolls, I would still claim them as a deduction because I'm sure any reimbursement would appear as income on my 1099.
My carrier says they will reimburse me for tolls. Most times I have to ask, but sometimes it is offered as an incentive to take a load. Kinda like being offered the coveted first out. I have on occasion submitted the toll receipts and jumped through the proper procedural hoops, but have never been reimbursed. My carrier will show me an estimated $30 toll reimbursement for a load that actually incurs maybe $3.50 in tolls. Although I have no proof, mostly because I have never been reimbursed for toll costs I have submitted, it is my guess that any toll reimbursement would appear as income on my 1099. Much like a fuel surcharge is listed as income on a 1099.
I suspect that my carrier and others that reimburse tolls to the O/Os as income on a 1099 are doing a double dip of sorts; claiming tolls/inflated tolls as reimbursements to contractors as income to the contractor and then using tolls as a corporate tax deduction. Similar to fuel surcharges that are not paid in full directly to the person buying the fuel.
Personally I have no problem with not getting reimbursed for tolls. I occasionally put in for toll reimbursement in hopes of leaving some kind of record of my carrier's possible malfeasance. I do have and do submit on my schedule C, receipts for all business related tolls paid by me. Even if I was to get reimbursed for paid tolls, I would still claim them as a deduction because I'm sure any reimbursement would appear as income on my 1099.
