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

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. 

For more resources, check out PICPA’s Money & Life Tips, Ask a CPA, or CPA Locator.

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

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