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HELP W-2 Employees

This is a discussion on HELP W-2 Employees within the pgsql Databases forums, part of the PostgreSQL category; --> I am Canadian and I do'nt know what are W-2 Employees. Is it the same thing as an independent ...


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  #1 (permalink)  
Old 04-09-2008, 11:37 PM
dlprogress
 
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Default HELP W-2 Employees

I am Canadian and I do'nt know what are W-2 Employees.

Is it the same thing as an independent worker ?


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  #2 (permalink)  
Old 04-09-2008, 11:37 PM
JP
 
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Default Re: HELP W-2 Employees

No. W-2 employees in the United States generally means any employee who is
a regular member of your payroll. You then perform tax withholding for them
and submit those taxes to the government on a regular basis. At the end of
the year you then provide that person with a "W-2 Statement" which is simply
a form stating the particulars of money earned and money withheld for that
person from and by your company.

For independent contractors, you would provide a Form "1099" which simply
totals ALL of their income earned from you. You are NOT responsible for
withholding any money for their taxes, social security, un-employment
compensation, etc. That is totally their responsibility.


"dlprogress" <tivite7@hotmail.com> wrote in message
news:GA5bc.74306$aC1.73853@charlie.risq.qc.ca...
> I am Canadian and I do'nt know what are W-2 Employees.
>
> Is it the same thing as an independent worker ?
>
>



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  #3 (permalink)  
Old 04-09-2008, 11:37 PM
phil
 
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Default Re: HELP W-2 Employees

dlprogress:

As no one else replied:

USA Internal Revenue Service (IRS, the Federal Tax people)
http://www.irs.gov

W-2 is the annual statement given by an employer to each direct hire
employee which reflects total taxable wages, taxes paid, and so forth. Your
Federal Government has a similar set up, just calls it something else.

An independent contractor, who submits an invoice, is now issued annually a
1098 form. I think it is a 1098-misc. At my last job this was referred to
as a 1098 worker, or 1098 contractor. A 1098 contractor must pay their own
taxes.

I don't know what arrangement your government uses for this case.

GreayBeardPhil

"dlprogress" <tivite7@hotmail.com> wrote in message
news:GA5bc.74306$aC1.73853@charlie.risq.qc.ca...
> I am Canadian and I do'nt know what are W-2 Employees.
>
> Is it the same thing as an independent worker ?
>
>



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