I pay my estimated tax quarterly, so it still sits in the IRS coffers, although admittedly a bit after it would if they deducted it from a weekly paycheck.
Most companies that use contractors are trying to avoid the cost of benefits. I'd prefer to work corp-to-corp rather than W2 or 1099, but I have also done those. On Fri, Jul 22, 2011 at 9:07 AM, Judah McAuley <ju...@wiredotter.com> wrote: > > The big reason that the IRS likes W-2 employees over 1099 is that the > tax withholding comes out before the money goes to the employee. > Easier to collect, more reliable and the money sits in the government > coffers. With 1099, they are relying upon the tax payer to save up the > money they'll owe in taxes and then properly report things on their > Schedule C. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:340770 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
