| Author | Message | ||
     Andhrajamesbond Kurra Bewarse Username: Andhrajamesbond Post Number: 1566 Registered: 03-2004 Posted From: 68.93.142.53 Rating: N/A |
1099: The company will pay you full money as an independent contractor and they dont deduct any payroll taxes . It is your responsibility to file quarterly taxes to the govt and send them the estimated tax payments. W2:company will deduct taxes and send that money to the IRS and they will communicate that information through W2. Unless you have your own home office and want to deduct interent, water,electricity and office expenses, there is no use of goign for 1099.Just take w2 and easy to file your taxes at the year end. |