W2 Vs 1099

[andrafun]

w2 vs 1099 edi best and enti differences ?

[VenkatD]

Ltt

[Srimantudu]

w2 vs 1099 edi best and enti differences ?

if you have 1099, you will end up paying taxes when you file taxes cos you were given money without holding taxes.

 

 

w2 is taxable pay statement.

[KillChillPandey]

1099 is when you are self employed or freelancer or do two jobs one on w2 with a company and other freelancing.

 

its also for any interest or MISC money which is not taxed like gambling/ stocks etc..

 

W2 is employer summarized wages paid and taxes withheld for a given employee..

 

 

LTT for more details

 

[Balibabu]

[alpachinao]

1099 vunte any problems?

[mindless]

1099 vunte any problems?

tax kattakapothe problem :p

[alpachinao]

tax kattakapothe problem :P

 

we are on H1 no andukey questioned

[just2deal]

1099 vunte any problems?

 

1099 is tax form you will get for income earned other than your regular employment

Like contracts, one time gig/work ,or if you earn commission on any sales or even interest earned on bank deposits

 

If you are on H1 you are supposed to do Only full time Job ..So only W2  !

 

 

In order to be in H-1b status you must be a employee of the H-1b sponsor/employer. Any other arrangement would place you in violation of your status.

You have to be W2 based employee for H1B purposes

 

 

 

[nagchiru]

1099 on H1B will land you in huge mess.

[alpachinao]

1099 on H1B will land you in huge mess.

 

nellore mess ah?

 

endo clear cut breif cheyyi pillakayalu vu kodthar

[mindless]

we are on H1 no andukey questioned

vake... I am not part of 'we'

[alpachinao]

vake... I am not part of 'we'

 

u on which part?

[mindless]

u on which part?

cit

[KharjuraNaidu]

Ltt

 

Thatha entha vastondi neek return :#<