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Financial Planning / Tax Strategies
|Subject: Re: W2 or 1099||Date: 9/29/2004 1:31 AM|
|Author: SecrtAgent||Number: 73494 of 121061|
I work short assignments at hospitals.
Often, they DO NOT want me to be their "employee", as this means
a. they are legally responsible for my actions
b. various headaches such as with-holding, FICA contributions,etc.
c. including me in certain benefits (health, etc) other employees receive
So they simply give me a "Form 1099", upon completion of the assignment, which lists the agreed upon payment; e.g., if it is $100/hour, and I work 10 hours, it is for $1,000.
Period. No dedcutions, etc.
Simpler, and less paperwork, accounting, and liability on their part.
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