1099 vs. W2
Verita provides freelance, contract opportunities with amazing companies looking to engage talent for projects.1099-NEC
At the end of each tax year, Verita will provide a 1099-NEC form to report payments made to you as an independent contractor.The Form 1099-NEC is specifically used to report payments made to independent contractors, freelancers, or anyone who is not an employee but received payment for services.
Frequently Asked Questions
Do I need to do an I-9?
Do I need to do an I-9?
An I-9 Form is only to verify employment eligibility, and since we do not offer employment opportunities, an I-9 Form will not be requested or required.
Will I receive benefits?
Will I receive benefits?
As a 1099 contractor, you are not eligible for employee benefits such as health insurance, 401(k), or paid time off. You are responsible for your own benefits and tax withholding.
How do I report this income?
How do I report this income?
You’ll receive a 1099-NEC form if your earnings exceed $600. You should report this income on your tax return as self-employment income.