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2. How W-2 Employees Are Taxed Differently Than 1099 ... - AOL

   www.aol.com/finance/w-2-employees-taxed...

   The main difference between W-2 employees and 1099 contractors is whether your business withholds taxes from that worker's paycheck. When you hire a W-2 employee, you're required to withhold ...

3. IRS 1099 Tax Form Explained: Here’s Everything You ... - AOL

   www.aol.com/irs-1099-tax-form-explained...

   The IRS requires certain 1099 forms to be filed when small businesses or self-employed individuals make or receive payments. You might also receive 1099 forms from certain entities, which detail ...

4. Tax returns in the United States - Wikipedia

   en.wikipedia.org/wiki/Tax_returns_in_the_United...

   Information returns are reports used to transmit information about income, receipts or other matters that may affect tax liabilities. For example, Form W-2 and Form 1099 are used to report on the amount of income that an employer, independent contractor, broker, or other payer pays to a taxpayer. A company, employer, or party which has paid ...

5. Form 1099 - Wikipedia

   en.wikipedia.org/wiki/Form_1099

   In order to save paper, payers can give payees one single Combined Form 1099 that lists all of their 1099 transactions for the entire year. Taxpayers are usually not required to attach Form 1099s to their own Federal income tax returns unless the Form 1099 includes a report for Federal income tax withheld by the payer from the related payments.

6. 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 ...

7. The IRS wants to know how much money you’re making ... - AOL

   www.aol.com/finance/irs-wants-know-much-money...

   “If you're self-employed, ... Getting a 1099-K form isn’t a reason to worry—even if the numbers are large and you don’t consider yourself a businessperson. Think back to last year: maybe ...