Can a company with hold advance payments on a 1099 employee?

Forum|Forum|3 years ago
September 16, 2022
3 replies
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TurboTax Online

xmasbaby0

Level 15

There is no such thing as a "1099 employee". If you receive a 1099NEC then you are not an employee at all. You are an independent contractor. Why do you think you are supposed to get some sort of advance payment as an independent contractor?

https://ttlc.intuit.com/questions/2584365-am-i-an-employee-or-an-independent-contractor

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

VolvoGirl

Level 15

Do you mean to take out federal tax withholding?

Mike9241

Level 15

not sure what you mean by advance payments but as a person receiving a 1099 (indicating independent contractor) for whatever you did for the company may be a legal and not a tax question.

Mike9241