Re: 1099 vs Incorporation Pros &* Cons

Subject: Re: 1099 vs Incorporation Pros &* Cons
From: wayne menke <wdmenke -at- worldnet -dot- att -dot- net>
To: "TECHWR-L" <techwr-l -at- lists -dot- raycomm -dot- com>
Date: Mon, 08 Jan 2001 18:54:37 -0500

There's no requirement to report tax ids for payments made to corporations.

Elna Tymes wrote:

> What you may be running into is a general level of misunderstanding among
> employers and agencies about the real differences between being incorporated
> and being a 1099 contractor. In both cases, the employing company has to
> report a tax ID when it pays you: if you're a corporation, they report your
> corporate tax ID, if you're a 1099 contractor, they report your Social Security
> number.

Wayne Menke
Mendem Concord, Inc.

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