filing taxes with a 1099
#11
Board Regular
Join Date: Sep 2007
Posts: 414
You could work for him for a while then when you quit inform the IRS, the will bust him and make him pay his part of SS. It is illegal to work on a 1099 when you are not a real contractor. Ask him if he pays workman's comp. Bet not, you get hurt on the job and you are screwed.
#12
Senior Board Member
Join Date: Apr 2006
Posts: 1,154
Not only is he getting out of employment taxes but, maybe more significantly, workman's comp. You can pay for your own occupational accident coverage (he'll probably require it) but it's nowhere near as good as WC. You can make $800-1000/week as an employee. IMO, it's not worth it to take on the added burden. Not to mention, highly questionable at to the legality in the eyes of the IRS.
#13
Guest
Posts: n/a
Originally Posted by Heavy Duty
You could work for him for a while then when you quit inform the IRS, the will bust him and make him pay his part of SS. It is illegal to work on a 1099 when you are not a real contractor. Ask him if he pays workman's comp. Bet not, you get hurt on the job and you are screwed.
#15
Senior Board Member
Join Date: Apr 2006
Posts: 1,154
There are only a few states that require WC in the case of independent contractors. Most likely they are covering you with an occupational accident policy. Much cheaper and nowhere near as good of coverage. Might not even be a concern for you, but if so I'd double check what they're providing.
My 2 cents; trying to classify an employee as an IC is all to save the company money. That's rarely good for the employee/IC. But if the money's good enough, why not? |

