Full Time RV living as a S Corp/1099 employee

YOU can become a 1099 subcontractor without the expense of S Corp ... The main reason for establishing an S Corp, or LLC would mostly be liability. They are similar, altho basically, an S Corp is a tax strategy, LLC also limits personal liability.

If you have no liability exposure in your job, less reason to establish one. I was a 1099 Sub for years, and found no tax advantage to establishing an S Corp or an LLC ... only a liability advantage, especially if you have employees or 'assistants' ... if not, you are increasing your overhead costs. I'd weigh those costs versus the costs of operating as an independent subcontractor.

I'm not an attorney nor an accountant, but my experience is based on operating three 'freelance' companies over past forty years.

Tax and liability laws may be different now, but it never made sense for me to file taxes, pay accountants, and carry overhead for a company when I was the only 1099 Sub in my world - and operated independently for several 'employers' ...

Pay can be piece work, contract fees, or hourly - never mattered.

Recently, the Feds - and some states - are trying to eliminate freelance workers. I believe that's mainly to increase employment taxes to the state, not necessarily to assist freelancers ...

CA and FL (maybe other states ??) attempted to force Uber and Lift drivers, writers, photographers, artists, to become employees instead of subcontractors, which would severely limit the ability for drivers or artists to create a personal work schedule around college, training, or family issues. The Feds and state argue that if you have only ONE employer, you are not freelance ... as debatable as that might become over who pays your tab.

The question and example arose: How does a wedding photographer become an employee for every bride and groom that hires him/her for a wedding and reception.

Josh,

I don't know the total ins and outs of what you are planning, but I worked out of my coach as a contractor (doing specialty work on racing sailboats) and it worked out great. This was before smartphones and good traveling internet access. I had to keep finding where (like fast food places and libraries) where I could pinch wire.

Now, I just set the phone as a hotspot and buy the unlimited plan. When Starlink gets fully on line, that would be the cats pajamas for you. The other satellite services were too slow and very expensive.

I used to end the year with both bunches of invoices and 1099s from insurance work, so I had to find a good accountant. If the work involves relocating at all ever during the year, then the coach expenses are deductible. Keep good records and you can win at this.

Matt

Would you be losing any employer paid benefits?

I know nuttin about an S corp , but for thirty two years I traveled in an RV all over the south , driving 65,000 miles per year . I received checks from nine diff corporations as a contracted service provider . I wrote off mileage in lieu of deprecation plus all kinds of other expenses . Just keep a log and track days
on the road , in my case I was on the road over 200 days a year. I needed no receipts as the IRS allowance per day was more than I spent

Along with Fl, you may want to research Montana and Wyoming as bases.
Montana has favorable taxes on the corp issues and the MH purchase.
Wy is well known for being the least taxed state.

This has little to nothing to do with RV living. You need appropriate financial and legal advice which you are not likely to get here.

Although retired pilot I am also former Financial and Tax accountant that specialized in small business S corporations many years ago. The IRS rules governing S corporations often change and YOUR ACCOUNTANT should be current on all the current requirements. There are pros and cons regarding S Corporations and their passive income pass thru/on methods. As a traveling RVer you may need to be aware of different states regulations and filing requirements for small business operations.

Today there are even many more additional rules, regulations everywhere.

Nevada HP sometimes ask RVers with out of state plates if you are working or conducting any type of commercial business in Nevada. I have now been resident and RVer in Nevada many years. Stick with an accountant. This info may be useful to others. Cheers

Having been a consultant for 30 years under my own Sub S corp I would say your FL account is on track. One item if terminology is that you will not be a 1099 “employee” but rather your S corp will be a 1099 “subcontractor” to those you work for. I suggest you should be a W-2 employee of your S corp (part of the many rule changes mentioned earlier having to do with when tax payments are due). Also, as alluded to in an earlier post, you will be legally required by many states to file personal state income tax forms and pay tax for any work performed outside of Florida (another rule change). A final thought, I do not know the cost and benefits of establishing an S corporation in Florida, but Delaware is cheap, easy and protective, and then you would register your corporation to do business in FL as your “home base”.

Dave

JimK-NY wrote:
This has little to nothing to do with RV living. You need appropriate financial and legal advice which you are not likely to get here.

And yet it’s more RV related and informative discussion than so many on here, and go figure, OP has already gotten some solid advice…

While not a tax expert, I’m not understanding the advantage of a S Corp vs full time employee taking the same “business expense” deductions. Unless you can’t establish a “residency” for tax purposes and deductions for traveling away from your resident or tax state.
Therein may be the difference? Not legal to establish residency location if truly FT on the road.
That’s the one advantage I could see. Because business expenses for traveling for work , just the standard deductions, are quite liberal and pay well.
I’ve had several years where standard meal and room and board deductions resulted in a refund of a good chunk of federal tax paid in.