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2. 1099 vs. W-2 Employee: What’s the Difference and What ... - AOL

   www.aol.com/1099-vs-w-2-employee-235407110.html

   Businesses that pay $600 or more to a specific contractor must provide the contractor with a 1099-NEC. However, even if you make less than $600 from a specific source, you’ll still need to ...

3. Independent Contractor Taxes: A Complete Guide - AOL

   www.aol.com/independent-contractor-taxes...

   The total amount of all income reported on 1099-MISC forms is included on Line 1 of the Income part of the Schedule C. As a business, the contractor can deduct certain expenses on this form as ...

4. Independent contracting in the United States - Wikipedia

   en.wikipedia.org/wiki/Independent_contracting_in...

   The distinction between independent contractor and employee is an important one in the United States, as the costs for business owners to maintain employees are significantly higher than the costs associated with hiring independent contractors, due to federal and state requirements for employers to pay FICA (Social Security and Medicare taxes) and unemployment taxes on received income for ...

5. W2 or 1099? Employee or Contractor? What's the Difference?

   patch.com/georgia/loganville/bp--w2-or-1099...

   If you are an independent contractor, your income earned will be reported to you by the payer on a Form 1099-MISC, unless the payer pays you less than $600 in the calendar year. However, you must ...

6. Form 1099-MISC - Wikipedia

   en.wikipedia.org/wiki/Form_1099-MISC

   In the United States, Form 1099-MISC is a variant of Form 1099 used to report miscellaneous income. One notable use of Form 1099-MISC was to report amounts paid by a business (including nonprofits: 1 ) to a non-corporate US resident independent contractor for services (in IRS terminology, such payments are nonemployee compensation), but starting tax year 2020, this use was moved to the ...

7. How do I pay myself as the owner of a small business?

   patch.com/illinois/newlenox/bp--how-do-i-pay...

   The IRS states "You cannot designate a worker, including yourself, as an employee or independent contractor solely by the issuance of Form W-2 or Form 1099-MISC. It does not matter whether the ...

8. Misclassification of employees as independent contractors ...

   en.wikipedia.org/wiki/Misclassification_of...

   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 ...

9. The Finances of Freelancing: Tax Tips for Confused Contractors

   www.aol.com/2013/01/31/freelancing-tax-tips...

   In fact, 16 percent of the freelancers surveyed by CreditDonkey.com said that at least once during their career, they haven't had the money to pay their taxes. Watch Out for the IRS