1099 or employee

Which one?

 

irs prefers that you are on a W2 but its still legal for me to hire drivers on a 1099

 

How is that double taxation ? You are only taxed once.

 

On 1099 the employers do not pay into Social Security, Unemployment, and Workers Comp. The employee is getting short-changed there.The employer is not taxed on the money, he deducts it as an expense.You show it as income and are taxed on it.

 

I quit my job to go work for another this year as 1099 work...I did it for a month...got 4 checks out of it...and then went back to the job I quit , where it was a W-2. How does this work? Sorry if its a dumb question...but when I go and file my taxes...how will everything get deducted?

 

There were no deductions on the 1099 stuff. The Federal Income Tax, any state income tax,and Social Security will ALL be paid by you.

 

So when I go to file my taxes , this will automaticaly be done? As being done , I mean the money I owe from the 1099 being took from the money I'm supposed to receive back?