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Self employed
Thanks for your question, @GEAtreasurer ! This is a bit of a thorny issue. It's clear why the company would change your status, as contractors are generally cheaper than employees. What makes it thorny is whether or not they should have changed your status. The IRS has rules on what constitutes an employee and what constitutes an independent contractor. From this IRS article, the main "tests" are Behavioral, Financial, and Type of Relationship. The article also discusses the ramifications of misclassifying employees.
Hope this helps, please let me know if not!
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‎August 30, 2023
4:59 PM
1,769 Views