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Learn about the definition, benefits, drawbacks, and legal issues of independent contracting in the US. Find out how to distinguish between independent contractors and employees, and what occupations are common for independent contractors.
As a 1099 contractor, you pay the whole amount on your own. However, there are some advantages to being a 1099 contractor. You may be able to take some deductions against your income like vehicle ...
Form 1099 is a type of information return used to report income other than wages, salaries, and tips to the IRS and taxpayers. There are different variants of Form 1099 for different types of income, such as interest, dividends, rents, and contractor payments.
Employers must report the incomes of employees and independent contractors using the IRS forms W-2 and 1099, respectively. Employers pay various taxes (i.e. Social Security and Medicare taxes, unemployment taxes, etc.) on the wages of a worker that is classified as an employee. These taxes are generally not paid by the employer on the ...
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Learn what documents you need to get a REAL ID by Oct. 1, 2020, when it will be required for federal identification. Find out if you need a REAL ID, how to apply, and where to go for more information.
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