And being a law abiding citizen, I'm sure you add your Walmart parking lot income to your taxes.... Right?
What happened to VOI?
- Thread starter blizzard2014
- Start date
And being a law abiding citizen, I'm sure you add your Walmart parking lot income to your taxes.... Right?
of course like any good American would....WAIT.... I get to keep it!! I am not a citizen....
You are a citizen of somewhere. Yes you can keep 80%. All .11 cents worth and up to $18.00
Murraycroexp
Veteran Expediter
That being on top of we pay too, of course, for nearly "zero" additional miles. But hey, if one wants to play ball one has to step up to the plate.
Murraycroexp
Veteran Expediter
I think "findings" at the rate of a few cents a day might have to reach $600 a year from one source before the IRS wants a 1099.
Not positive, though. I pay an accountant to know that sort of thing.
I got some supper glue now. He will not be picking one of my dollar seeds up.
Oh, $600? You never seen him on his parking lot run for the change. Easy goal.
are we also adding to the income from aluminum cans as well? hahaha
about time Turtle made his entrance and saying...and what does this have to do with VOI.....since he is the only working mod around here I notice....LOL
If you're driving a cargo van and paying taxes, you're not doing it right lol!
What I would like to know is how can VOI certify a company for having proper insurance when there is no real way to know what that carrier is doing once they obtain their certification? I could have ten units and have them all listed on my insurance, everything is kosher and I'm now accepted as a VOI carrier. How would anyone know the difference if I then added a few trucks who had their own insurance, but I did not list them on my companies truck count on safer web, nor do I add them to my truck count on Sylectus. How do you find a carriers hidden trucks? It's almost impossible to do. Even the larger carriers can have a few units in their truck counts that are running rogue. What it really boils down to is business ethics. You either have them or you don't have them. Some people should never be allowed to own and operate a business, especially those who have filed Bankruptcy in the past. Shady people will do shady things when they run businesses. Some are ignorant to the fact that they are doing things the wrong way, but most were just shady characters to begin with. How can some of these people go to sleep at night knowing they ripped off so many people? It's simple! They were crooks before they started their company.
The only real way to make sure a carrier is properly insured is to make them carry cargo contingency insurance, or to create a new coverage that covers a carrier in the event that one of their trucks is not properly insured. I don't see any other way to be 100 percent certain that any carrier is properly insured!
That would be like the uninsured motorist rider they have for autos now
Contingency liability and cargo are for when a load is brokered. They don't cover loads run under the MC. VOI, will do spot audits on carriers. Yes, they have caught people cheating on applications numerous times. Larger carriers are generally not on unit specific policies and they pay based on mileage or revenue so they do not add or delete units the same way as a vin specific policy.
I spent a few hours yesterday with one of the major bid board management companies on this very topic. It is almost like the war on drugs or cyber hackers. They see how they are getting caught and they learn from that and morph again. It is incredibly frustrating as it damages our industry and every member of it except the few who are profiting from the fraud.
I spent a few hours yesterday with one of the major bid board management companies on this very topic. It is almost like the war on drugs or cyber hackers. They see how they are getting caught and they learn from that and morph again. It is incredibly frustrating as it damages our industry and every member of it except the few who are profiting from the fraud.