- Membership
- Certification
- Events
- Community
- About
- Help
Sending an employee both a W-2 and a 1099
December 7, 2021
Q. If an employee also has a company, can we send both a W-2 and a 1099?
A.
(Answered by a 3rd party, independent advisory services firm offering experienced and practical help for tax regulatory compliance for Forms W-9, W-8, W-2, 1099, 1098, 5498, 945, 1042, 1042-S, and state reporting.)
The federal tax regulations don't prohibit paying an individual as an employee (compensation reported to the IRS on a Form W-2) and paying the individual as an independent contractor (compensation reported to…
Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know.
Ask The Expert is a member resource of IOFM and all advice provided is subject to site’s Terms of Use.
What are you waiting for?
