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

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

    Here’s how both W-2 and 1099 employees are treated by employers in regards to taxes, benefits, and the type of work each performs. W-2 Employee 1099 Con tractor

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

    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 ...

  4. Independent Contractor Taxes: A Complete Guide - AOL

    www.aol.com/independent-contractor-taxes...

    One of the big benefits of being an independent contractor from a tax perspective is that you can deduct many things that W-2 employees can’t. ... Failing to meet tax-filing deadlines. A regular ...

  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. Form W-2 - Wikipedia

    en.wikipedia.org/wiki/Form_W-2

    In US territories, the W-2 is issued with a two letter territory code, such as W-2GU for Guam. Corrections can be filed using Form W-2c. The use of the form has led to the phrase "W-2 employees" to refer to those who receive Form W-2, in contrast to independent contractors and other "1099 workers" whose income is instead reported on Form 1099. [2]

  7. Form 1099 - Wikipedia

    en.wikipedia.org/wiki/Form_1099

    For a variety of reasons some Form 1099 reports may include amounts that are not actually taxable to the payee. A typical example is Form 1099-S for reporting proceeds (not gain) from real estate transactions. The Form 1099-S preparer will report the sales proceeds without regard to the amount of the taxpayer's "basis" in the real estate sold.

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

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

    March 31 (electronic filing) RRB-1099. Railroad retirement benefits. All amounts. Jan. 31. Filed by the U.S. Railroad Retirement Board directly with the IRS. SSA-1099. Social Security benefits ...

  9. Tax information reporting - Wikipedia

    en.wikipedia.org/wiki/Tax_information_reporting

    The tax information return most familiar to the greatest number of people is the Form W-2, which reports wages and other forms of compensation paid to employees.There are also many forms used to report non-wage income, and to report transactions that may entitle a taxpayer to take a credit on an individual tax return.

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