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Do you typically get 1099's from your clients or do they just pay you like they would any other company? If you don't get paid with a 1099 does that affect you
by tocomment 16y ago
Do you typically get 1099's from your clients or do they just pay you like they would any other company?
If you don't get paid with a 1099 does that affect your taxes in any way? Are you still responsible for payroll taxes if you don't get a 1099?
- ryanwaggoner 16y agoYour choices are usually 1099 or W2 for longer-term contract gigs. If on W-2, they pay you just like an employee, taking out taxes and all that. They also have to pay half the FICA taxes in the US, so the rate is a little lower than it would be on 1099.
- kirktrue 16y agoThere's a bit of caution to be given here. My tax person said that switching between W2 and 1099 work throws up a red flag with regard to the IRS willingness to consider you as truly independent.