W2 form?
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- jamesk617
Hi folks, I'd like to ask some advice about freelancing law, policy or whatever. It's my first long contract freelancing job.
I'm going to work for a company doing some Motion Graphic work for a couple of weeks and I was wondering if I need to ask for the W2 form before I start working for them.
Do you usually ask for it or it's up to your employers. I just don't know about this W2.
I'd really appreciate it if you could give me any tips or tell me about your experience.
Thanks a million.
- warheros0
i believe you only have to do tax stuff for a company you have worked for if you make more than $600 with them.
- strabley0
you are correct, and for freelance work i think you file a w9, not too sure on that one
- k0na_an0k0
if you are planning on freelancing with them for a while there are one of two things they will do.
either a w2 where they take taxes out for you.
or a 1099 where you pretty much just get paid in cash, no taxes. BUT. one of two things will happen with this. 1) the worst. they send you a w2 at the end of the year and you have to file taxes on whatever you made which means you'd better have $ in the bank cause you'll have to pay. for #s sake lets say you make 2000 and at a 10% tax you owe 200. but the #s will be way different. 2) the best way. they don't send you a w2. now, if you only made say a few thousand, getting paid under 3000 at a time you many be able to get away with not paying taxes on it. by law a bank has to notify the gov for any deposit over 2999 in a two week period. so if say you're making 1500 or 1000 each time for even 5 weeks you may be ok. but you're kind of playing with a loaded gun you know what i'm saying.
good luck.
- jamesk6170
still not too sure what I'm supposed to do with the W2.
The thing is that I am not eligable to work as a self employ. I'm working with working permit here in the US, so in order to tax, I sort of have to have the W2 and I don't know if I can ask them for it.
Hope you understand what I mean.
thanks guys.
- warheros0
THEY'LL send YOU the w2 if you need it.