Forms Required When a Business Has Employees (1)

The Music Telegraph | Text 2020/11/16 [12:26]

Forms Required When a Business Has Employees (1)

The Music Telegraph| 입력 : 2020/11/16 [12:26]

 

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Forms Required When a Business Has Employees (1)

(in the United States)

 

Employee: If you control what will be done and how it will be done.

 

Independent Contractor: performs services for you, but is not under your direct control: if you have the right to control or direct only the result of the work and not the means and methods of accomplishing the result.

 

Form W-4: Employee's Withholding Allowance Certificate

 

▲ Form W-4: Employee's Withholding Allowance Certificate

 

- Used to determine the amount of federal withholding taken from your employee's wages.
- Get from employee the first day of work.

- Generally is held by employer and not forwarded to IRS (Internal Revenue Service).

 

Form I-9: Employment Eligibility Verification

  

▲ Form I-9: Employment Eligibility Verification 


- Employer must verify that each employee is legally eligible to work in the United States.

- This is an INS (Immigration and Naturalization Service) form.

 

Form W-9: Request for Taxpayer Identification Number and Certification

 

▲ Form W-9: Request for Taxpayer Identification Number and Certification


- Independent contractor completes. If you don't secure SSN (Social Security Number) or EIN (Employer Identification Number) before you pay the contractor, you must withhold income tax (backup withholding at 24% for 2020).

 

 

 

 

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