1099 vs W-2: The difference between employees and contractors
Business Management Daily
NOVEMBER 16, 2022
It is the end of the year, and that means that tax season is approaching. While individuals have until April 18, 2023, to file their personal income taxes, businesses have to start thinking about tax requirements a bit sooner. Forms such as IRS Form W-2 and IRS Form 1099 need to be sent out by the end of January. Both forms provide end-of-year compensation information that employees and contractors need for tax purposes.
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