Ask Experts Questions for FREE Help !
Ask
    wonder07's Avatar
    wonder07 Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Aug 11, 2010, 02:44 PM
    Question on 1099 basis
    Hello ,
    I graduated in May 2010 . Currently I'm on OPT which started on 22 July and now I got an offer from a company that pays only through 1099 basis.

    My question is, Can I work on 1099 basis now. Is it legal to work on 1099 basis which is something different from W2. I am asking this because, on 1099 basis the employer won't pay tax on behalf of us. We have to pay it ourselves.

    Hope you guys reply soon.
    wonder07's Avatar
    wonder07 Posts: 2, Reputation: 1
    New Member
    		  
    #2

    Aug 12, 2010, 09:28 AM

    Hey folks..

    Juss let me know if you know any info.. regarding my problem..

    Waiting fr reply..
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

1099 contractor basis after OPT expired [ 3 Answers ]

Hi there, I completed my MS on July 17, 2009 and got my EAD authorization for OPT on 23rd July, 2009. I have started working for a company from 23rd July, 2009 which ended on June 30, 2010. I was a full time employee till then but after my OPT expired my employer terminated me and wants to hire...

M3-2 Reporting Cash Basis versus Accrual Basis Income: LO1, LO2 [ 3 Answers ]

Mostert Music Company had the following transactions in March: 1. Sold instruments to customers for $10,000; received $6,000 in cash and the rest on account. The cost of the instruments was $7,000. 2. Purchased $4,000 of new instruments inventory; paid $1,000 in cash and owed the rest on...

Reporting cash basis versus accrual basis income [ 1 Answers ]

Please help me. I am an online student and new to accounting. Forllowing transactions in March. Do both cash basis and accrual basis income a) Sold instrument to customers for $10,000; received $6000 in cash and the rest on account. The cost of the instrument was $7000 b)Purchased $4000 of...

Reporting Cash Basis versus Accrual Basis Income [ 1 Answers ]

Mostert Music Company had the following transactions in March: a. Sold instruments to customers for $10,000; received $6,000 in cash and the rest on account. The cost of the instruments was $7,000. b. Purchased $4,000 of new instruments inventory; paid $1,000 in cash and owed the rest on...

View more questions Search