What are the federal guideline for 1099 and W-2 work status classification? Why is this important to me?

Modified on Tue, 26 Oct 2021 at 12:26 PM

 

There can be benefits, as well as disadvantages, to either classification. Thia is an important subject to understand for tax purposes. Visit the IRS website to learn more about the different employment status classification:     https://www.irs.gov/businesses/small-businesses-self-employed/independent-contractor-self-employed-or-employee 

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