How are 1099 contractors different from W2 contractors?
November 15, 2011 5:41 PM Subscribe
I got a part-time job contracting for a non-profit. Turns out they have me as a 1099 contractor instead of a W2 as I'm accustomed to. What do I need to do or know?
posted by never nice to Work & Money (20 answers total) 4 users marked this as a favorite
Sorry if this doesn't make sense. I just found out about this today and it's sent my blood pressure through the roof.
I've contacted my state (PA) unemployment compensation center and filled out a new form over the phone. I was claiming partial unemployment all this time (one month) under the assumption that I was still a W2. I'm worried that I may now owe money to the state. If so, how can I determine the amount? Will they think I was withholding or falsifying information? What do I do when tax time rolls around? Any advice from people who work as 1099ers would be a huge help!