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

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

   Hiring a W-2 employee vs. a 1099 independent contractor Employees and freelancers can benefit your business in different ways — let's review the advantages and disadvantages of both types of ...

3. 1099 vs. W-2 Employee: What’s the Difference and What ... - AOL

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

   W-2 Employee. 1099 Contractor. Tax withholding. Employer withholds state and federal taxes, as well as Social Security and Medicare taxes. These taxes are sent to the IRS on the employees’ behalf.

4. Navigating the IRS alphabet soup: There are nearly two dozen ...

   www.aol.com/finance/navigating-irs-alphabet-soup...

   The most important of these is the W2—a wage and tax statement from your employers—but there’s also an alphabet soup of 1099 forms to watch out for. ... Small business income. Form 1099-MISC ...

5. 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 ...

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. Form 1099 - Wikipedia

   en.wikipedia.org/wiki/Form_1099

   The ubiquity of the form has also led to use of the phrase "1099 workers" or "the 1099 economy" to refer to the independent contractors themselves. [ 3 ] In 2011 the requirement was extended by the Small Business Jobs Act of 2010 to payments made by persons who receive income from rental property.