2 ms·
Your 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
by ryanwaggoner 16y ago
Your 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.