 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
Payroll vs 1099
I am on the board for a small neighborhood (non-profit) pool. We are seasonal, and looking for ways to cut expenses this year. We have 4 employees (all who are teenagers). I am looking into switching them from employees to contractors. Is there any problem or potential problem for making this move?
|
||||
|
||||
|
Yes, there could be. You should go to IRS.gov and click on the employer's link. You will find the difference between 1099 and employee. In my experience, when an employer wants to pay as 1099, the law dictates they are an employee. In very few cases, can you legally pay as 1099. Good luck! |
||||
| Question Tools | Search this Question |
Add your answer here.
Check out some similar questions!
How do I file my taxes with out a 1099 form? How can I get one? Thank you
My husband has been offered a job, but there was some discussion on whether he would be an employee of the company or be a "contractor" and receive a 1099. If he is paid as a contractor and receives a 1099 what are the tax ramifications? Does he have to pay self-employment tax? If this is the...
Hi, I am a citizen of India and filing my taxes as a non-resident for 2006. 1.> I received 1099-G of my 2005 state tax refund. In my 2005 federal tax return I had used the standard deduction on line 11 of 1040NR-EZ i.e "Itemized deductions" line since it is entitled to students from India. Is...
I'm completing a project for a high school accounting class. I need to know how to journalize the payment of payroll. I also need to know how to journalize the payment of the payroll taxes.
View more questions Search
|
