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58

Prior to this conversion they were paying a flat $20.00 per hour for your services. Now they're paying $20.00 per hour and additionally paying things like workers compensation, health insurance, 401k, payroll taxes, etc. None of these costs come out of your $20.00 per hour pay rate. The cost to them is greater than the $20.00 per hour they had been paying ...


41

There is a difference, but it typically goes the other way. When you are a 1099 you pay both halves of the FICA and Medicare taxes. When you are a W-2 your employer pays half. Additionally, you typically don't get much by way of benefits as a 1099, but you do as a W-2. Whenever I've looked at doing work under a 1099 agreement, I've asked for 25-30% more ...


36

Save your last pay stub of the year. If an employer refuses to file W-2's, the IRS will accept that as "interim documentation." Employers have until the end of January to file them. Most file them immediately, as everything is done by a payroll management system, and it's just a question of making sure all the payroll entries for the year were correct, ...


22

Let's ask the IRS! Employers have until January 31, 2011 to send you a 2010 Form W-2 earnings statement. That means they have to send it to you. Your employer is being ridiculous, and I'm sorry. If you haven’t received your W-2, follow these four steps: 1. Contact your employer If you have not received your W-2, contact your employer to inquire if ...


12

If you were a W2 employee the company already should have been filing documents with the IRS and the state or even the local government. Any money they withheld for taxes, social security, medicare should have been turned over periodically to the proper agencies. The IRS has info regarding the non-receipt of a W2. Employers/payers have until February 2, ...


10

They are, mainly stemming from their legal department. Despite all the caveats that one may sign legal departments find two main reasons to discourage C2C. The first is the Microsoft lawsuits of the early 2000's. Contractors were doing the same work as full time employees, but the FTEs received stock options and got wealthy. The contractors formed a ...


10

Short answer: you need to talk to a lawyer. This could be an important legal issue - both the contents of the identify theft plan and possible compensation for the data breach. You don't want to try to get an answer off Workplace stackexchange. You want to consult with someone who knows the law and can advise you on how you should handle the situation.


9

I would not bother working with them more. They are required by law to do this. I would directly followup with the IRS. They have a policy recommendation for this: Contact the IRS. After February 14, you may call the IRS at 800-829-1040 if you have not yet received your W-2. Be prepared to provide your name, address, Social Security number and phone ...


6

The rule of thumb for conversion from a full-time salaried position with benefits to an hourly rate as a contractor or freelancer is ( annual salary / 2000 ) X (2, 3, or 4) Your target annual salary, divided by 2000, which is the number of working hours in the year, will give you an hourly rate. Multiplying that by 2 is intended to reflect the cost of ...


6

Could one person hold more than one W-2 jobs from two different employers? Yes, of course. In the US you need one W2 for each job that you work as an employee (unless you make less than $600). Could be multiple at the same time, part time, full time, sequential, etc. Each employer will withhold all applicable taxes as prescribed by local law and this can ...


5

There would be no point in them doing that. If you change to a 1099, you decide what deductions you have, not your employer. Them calling some payment a "per diem" or a "car allowance" would have no effect on the amount of income you can claim as a deduction for business-related expenses. To use a simple example, consider if you hire an electrician to do ...


5

They have until Jan 31st. I'd wait until after that to really bother them. They are required by law to do this so they can't skip it just because you're on bad terms. Also, most smaller shops I know tend to use a commercial HR service to do payroll, taxes, and wages. Do you have a login info for that? Typically you can get your W2 that way sooner if you ...


4

There are a number of differences in cost for a contractor versus a direct employee. If you're considering making the switch, you should make sure you have considered all of these costs: Salary. Of course, you want your ultimate take home pay (in terms of cash in your pocket) to be something you're happy with. The default is to make sure you are taking home ...


4

In Canada, if you take on a developer as a contractor it must not just be "a different way to get paid." The developers must be managed differently and often provide their own equipment etc, otherwise they can be deemed to be employees. That deeming will cost the employer a fortune - they owe both their share and the employee's share of those taxes etc. ...


4

So with the consultant setup and the third party setup this makes sense and has happened to me as well. In my case I had another interview and ended up going with that company and the other one called a week or so later to hire me and I turned them down at that point. The issue is that the 3rd party is not willing to staff without signed contracts with the ...


4

If they haven't sent you an accurate W2 by Feb 12, you can call the IRS at (800)829-1040 and file a complaint with them, and then the IRS will contact your employer. Most people tend to not like getting called by the IRS. If you want to know ahead of time whether you're going have this on your W2, and you're getting the run-around, then the response is to ...


4

What's the best way to approach an apparently stone-walling institution regarding a W2 question like that? I think at this point your best bet it to pay them a visit in person. Bring all your supporting documentation, and have someone address your concerns face to face. It is much harder to ignore you when your standing in front of the individual who ...


3

It doesn't matter if a W-2 is sent to you via mail, email, or fax. The IRS doesn't care. If you are planning to sue your former employer (because of the fax or something else), consult your lawyer.


3

In the United States the rule of thumb is that salary pay rate that the employee sees only represents about half of the rate the employer has to charge a customer for their time. For example the employee sees that their hourly rate is $20 per hour. The see that they earn $20*40*52 or $41,600 per year. But they get 10 days of holidays, and two weeks for ...


2

I don't know if this is a "rule of thumb" but there's a pretty cool calculator that let's you play with the numbers so you can see for yourself how one will affect you versus the other. From the site: The calculator below will help you compare the most relevant parts of W2 vs 1099 by looking at how the two options affect your income and tax situation, ...


1

Now for the last 3 weeks (up to the tax filing deadline yesterday) So, you did file your fed and state taxes... right? (If you filed the IRS extension request this is the same thing if you are owed a refund) If not, file them now with your current W-2 information and pay what you owe. If it turns out your taxes are lower, you can file an amended return ...


1

Could you? yes! Should you want to? Absolutely not! I work 2 full-time jobs and a part-time job due to personal financial circumstances and count the days until I can stop doing so...The toll on your health, family and friends is definitely not something you can just disregard. If this is USA related and the question is legal, then you should ask this on ...


1

Step 1 Continue to apply for other positions, and if any of them contact you before the start date take the interview. Step 2 Review all the paperwork you have signed, make sure there were no remaining conditions on their offer. A background investigation is a condition. Step 3 if there are no remaining conditions then see if the paperwork specifies any ...


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