Eli5-Getting 1099 Pay

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My new job said they pay 1099 and asked if i’m ok with that. I have no idea what that means or the difference it makes. From what i’ve read it seems like I will have to pay everything back during tax season? I’m so confused. This is a receptionist job paying hourly wage. Please explain

In: Economics

7 Answers

Anonymous 0 Comments

>This is a receptionist job paying hourly wage.

Are you sure? Seems inappropriate to have a receptionist be a 1099. 1099 refers to the tax form that you fill out. People who fill out 1099s are not employees, they’re independent contractors. It’s as if you’re your own company and they’re hiring your company for a specific job. But you’re ultimately responsible for paying the taxes for your income since you’re not an employee. The company can’t withhold your taxes. This is typically done for sales jobs where you get paid commission, not an hourly employee.

My advice is to not take this job. Seems very sketchy.

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