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Discussion Forum Index --> Tax Questions --> W2 and 1099 employee Mommafor123 (talk|edits) said: 20 April 2007
Hi, I have just become W2 employee with a local store. I would like to know since I am a W2 employee, can I also be a 1099 employee if I contract with the store to instruct there? I thought I would be paid hourly for hours worked in the store as a W2 employee and then I could bill them for contract work done teaching as a 1099? Help!
JR1 (talk|edits) said: April 20, 2007
Generally not. IRS doesn't like to see W2's and 1099's coming from the same company to the same person in the same year. In their thinking, you cannot have two different relationships with the same person at the same time.
What else can I help you with?
Can you receive both w-2 and 1099 from the same company?
Yes. You get W2 as an employee, and if you consult you get 1099.
Can an employee receive both a W-2 and 1099?
Yes, an employee can receive both a W-2 and a 1099 in the same tax year if they have two different types of income from the same or different employers. The W-2 reports wages from their employment, whereas the 1099 typically reports income earned from freelance work, contract services, or other non-employee compensation. This situation is common for individuals who work part-time jobs while also engaging in freelance or gig economy work. It's important for the employee to report both types of income when filing taxes.
Can an employee receive both a W 2 and 1099 in the same year?
From TaxAlmanac, A Free Online ResourceNote: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.Jump to: navigation, searchDiscussion Forum Index --> Tax Questions --> W2 and 1099 employee Mommafor123 (talk|edits) said: 20 April 2007Hi, I have just become W2 employee with a local store. I would like to know since I am a W2 employee, can I also be a 1099 employee if I contract with the store to instruct there? I thought I would be paid hourly for hours worked in the store as a W2 employee and then I could bill them for contract work done teaching as a 1099? Help!JR1 (talk|edits) said: April 20, 2007Generally not. IRS doesn't like to see W2's and 1099's coming from the same company to the same person in the same year. In their thinking, you cannot have two different relationships with the same person at the same time.
Does the IRS receive the same 1099 and 1098 as you do for your tax filing?
Yes they do receive copies of the same information that each taxpayer receives for the tax year.
Do I file both 1099-R forms from the same place?
If you received two different 1099-R forms from the same place you will have to file both of them. You do need to make sure that these are not just two copies of the same form. If they are two copies then you don't have to file both of them.
Can a person receive a w-2 and 1099 from different companies?
Yes you can and the IRS also gets a copy with the same information.
When is the 1099 deadline?
The deadline to receive 1099 tax forms is the same as for W-2 forms. Federal law states that this information should be received by the taxpayer by January 31 each year. The taxpayer is responsible for providing the information needed to send the 1099 tax form.
What about leave encashment if husband and wife both are government employee are they both eligible for the same?
if husband and wife both r govt employee they both can get the leave encashment
Does the IRS receive the same forms for each of us that you receive like the 1099 and the 1098?
Yes they do receive a copy of all of the mentioned items that each taxpayer receives and more information about other worldwide gross income that some taxpayers receive during the year.
Is a regular employee the same as a permanent employee?
A regular employee is typically considered the same as a permanent employee, as both terms refer to individuals who are hired on a long-term basis with no predetermined end date to their employment. These employees usually receive full benefits and are expected to work consistent hours. However, terminology can vary by organization, so it's important to check specific definitions in the context of a particular company or labor laws.
Should both genders receive equal pay for the same job?
Why not? As the work performance will be the same done by both of them, they can get the same pay.
Employee returning from workman comp do they have to receive the same pay and job title?
Yes, provided it was not an EXTENDED leave of absence.
