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

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   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

   Employees receive a W-2. Independent contractors receive a 1099 form. ... work or work in a freelance capacity. ... are required to withhold income taxes from W-2 employees to pay the IRS –but ...

4. 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 ...

5. 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 ...

6. Statutory employee - Wikipedia

   en.wikipedia.org/wiki/Statutory_employee

   Statutory employees pay FICA tax through their employer, and so do not pay self-employment tax; despite this, they must report expenses, income and wage. [3] Similar to independent contractors, statutory employees may deduct business expense from W-2 earnings. [3]

7. New Federal Rules for Independent Contractors Will Destroy ...

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8. Form W-2 - Wikipedia

   en.wikipedia.org/wiki/Form_W-2

   Form W-2 (officially, the "Wage and Tax Statement") is an Internal Revenue Service (IRS) tax form used in the United States to report wages paid to employees and the taxes withheld from them. [1] Employers must complete a Form W-2 for each employee to whom they pay a salary, wage, or other compensation as part of the employment relationship.

9. Here's why it's such a headache to do your taxes (Hint: It's ...

   www.aol.com/finance/heres-why-headache-taxes...

   The UK uses a Pay As You Earn system, where taxes are deducted from your paycheck, similar to how it's done in the US. ... 'A much more manual process' for contractors. One area where ...