Re: Payment Delay in 1099 Employment Contract

Subject: Re: Payment Delay in 1099 Employment Contract
From: Char James-Tanny <charjtf -at- gmail -dot- com>
To: techwr-l -at- lists -dot- techwr-l -dot- com
Date: Tue, 19 Apr 2011 10:18:13 -0400

> For the novices-but-keen-to-learn among us, could you explain what a '1099' means?

It's a tax designation in the US:

- Full-time employees get paid through W-2, with taxes taken out and
(usually) benefits.

- Consultants/contractors get paid through 1099, and no taxes are
taken out and no benefits are included. Consultants typically pay
quarterly taxes to the government (like an employer), based on their
total income for the quarter.

Like Laura, I rarely see payments within 30 days...more like 45 days.

Char James-Tanny ~ JTF Associates, Inc. ~ http://www.helpstuff.com
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References:
Payment Delay in 1099 Employment Contract: From: Trish Robertson
Re: Payment Delay in 1099 Employment Contract: From: Laura Lemay
Re: Payment Delay in 1099 Employment Contract: From: Phil

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