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Self employed
I was paid that way over a series of projects across the year & didn't realize the impact of it until I did my taxes this year & noted the QBI deduction which was only applied to my 1099-income. The client that gave me the W2 stated, for their accounting purposes, it was simpler for them & better for me, if they applied standard payroll procedures (withheld taxes) & gave me a W2. I receive no benefits from the company & I am free to accept or decline projects. I have no previous employment history with the company, so this isn't a case of I was employed & then went into a part-time work status.
There is no way to manually input the income & withholdings directly onto my forms as business income & prepayment of taxes?
Thanks
FGM
‎February 20, 2021
1:55 PM