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Posts Tagged ‘irs 1099 rules’

The Difference Between 1099 Workers and W-2 Employees

February 06, 2015  |   Tax News,Tax Tips   |   Tags: , ,  

Many companies prefer to hire contractors instead of full-time employees to minimize expenses. The tax code differentiates between contractors and full-time employees. They are required to file different tax forms, and prepare their taxes differently. Who are 1099 workers? Contractors are workers that determine where they work, when they work and how they work. For example, if you hire an independent gardener for a day, he will ...