1099s - What Are They Why Do We Need Them? | Paula Allgood, CPA
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If your boss calls you a “1099 worker” or a “1099 employee,” that should raise serious red flags. Because there’s NO SUCH THING as a “1099 employee.” A true 1099 contractor is an INDEPENDENT person who is in business for themselves. They are true contractors, not employees. But bad bosses try to misclassify people to evade taxes, dodge labor regulations, and stick YOU with a giant tax bill at the end of the year. Remember that if you are being treated like an employee you should get all the same
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