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Contracting > W-2 vs. 1099MISC
The following information is about W-2 vs. 1099MISC.
W-2 vs. 1099MISC Defined
At the end of each year, workers either receive a Form W-2 or a Form 1099MISC. An employee receives a W-2 and has all required payroll taxes withheld throughout the year. An Independent contractor receives a 1099 and has no payroll taxes withheld.
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