Re: Contractor-to-employee fact you might want to know

Subject: Re: Contractor-to-employee fact you might want to know
From: Peter <pnewman1 -at- optonline -dot- net>
To: "TECHWR-L" <techwr-l -at- lists -dot- raycomm -dot- com>
Date: Mon, 13 Jan 2003 11:24:10 -0500


Dick Margulis wrote:

> If you are a 1099 contractor and later become a W-2 employee of one of your clients, you cannot file both a 1099 and a W-2 for that company in the same year.
>
> Suppose you are running your independent consulting company with multiple clients and on July 1 you drop all but one client, fire your office help, close your home office, and go to work for that one client as an employee. According to our guy, the company is supposed to report everything it paid you for the entire year as W-2 wages. You can still deduct the expenses of running your business for the first six months of the year, but your margin above that is magically transformed into wages from your former client. Isn't that neat?


I suggest you contact a competent tax advisor, prior to your employer
issuing the form.

--
Peter
- a chrono- logically experienced citizen

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
A new book on Single Sourcing has been released by William Andrew
Publishing: _Single Sourcing: Building Modular Documentation_
is now available at: http://www.williamandrew.com/titles/1491.html.

Help Authoring Seminar 2003, coming soon to a city near you! Attend this
educational and affordable one-day seminar covering existing and emerging
trends in Help authoring technology. See http://www.ehelp.com/techwr-l2.

---
You are currently subscribed to techwr-l as:
archive -at- raycomm -dot- com
To unsubscribe send a blank email to leave-techwr-l-obscured -at- lists -dot- raycomm -dot- com
Send administrative questions to ejray -at- raycomm -dot- com -dot- Visit
http://www.raycomm.com/techwhirl/ for more resources and info.



References:
Contractor-to-employee fact you might want to know: From: Dick Margulis

Previous by Author: Re: Was Scope of Agreement or Letter of Intent-Now unemployed.
Next by Author: RE: Contractor-to-employee fact you might want to know
Previous by Thread: Contractor-to-employee fact you might want to know
Next by Thread: RE: Contractor-to-employee fact you might want to know


What this post helpful? Share it with friends and colleagues:


Sponsored Ads