Would I need a W-2 form if I'm managing someone's social media for $45 a week?

by Joseph A. Pancerella, CPA | May 14, 2019
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Would I need a W-2 form if I'm managing someone's social media for $45 a week? If yes, is there anything else I would need?

I’m assuming are getting paid $45 a week. If you are an employee, and taxes are being withheld, you will get a W-2.

If you are collecting $45 per week without any withholding, then you are considered an independent contractor and you should get a 1099-MISC at the end of the year. You will be responsible for your own taxes. There are IRS guidelines on how this classification is defined and your tax obligations. 

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Answered by: Joseph A. Pancerella, CPA, is managing director of Pancerella & Associates LLC in Reading, Pa.

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