This is a report covering the differences between 1099 and W4 workers.
This report is a guide to help you along on your work path journey. This introduction may be enough to get you started. I don’t know how many of you are 1099 workers or W2 employees or hire them, but I want you to be aware of a few things. This is to help you out whether you run a business or if you are the worker.
As a 1099 worker, what are My Self-Employed Tax Obligations? 3
Learn the Rules! 3
Why go one way or the other? 4
What you need to know. 5
Why they put “Contract” in Contract Work. 5
Classifying a Contract Worker. 6
Be aware of the SS-8 IRS form! 6
Thank you! 7