How to Legally Hire Non-Employees (Contractors)| Lawyer Explained скачать в хорошем качестве

How to Legally Hire Non-Employees (Contractors)| Lawyer Explained

If you hire someone to perform any services for your business (whether you are a sole proprietor or own a company!), then you have to report the payments to the IRS on Form 1099-NEC. In this week's episode, Liz Joiner, a Florida-licensed Motorsports Attorney, discusses how to legally hire non-employees, best practices, your reporting requirements, and what happens if you fail to meet your reporting obligations to the IRS. ✨The information provided on this channel is for entertainment and informational purposes only & should not be construed or relied on as legal or tax advice for any specific circumstance. I am not your attorney, and viewing or engaging in this content does not create an attorney-client relationship. Before you act or rely on anything discussed, you should talk to an attorney licensed in your state or, if applicable, with a CPA. ✨ ~ This Episode ~ 00:00 Introduction 01:43 Deciding whether to hire an Independent Contractor or an Employee 03:17 Onboarding new Contractors 04:21 Contractor Agreements 05:21 Completing W-9s 06:16 When do you require a W-9? 07:27 Dealing with contractors who refuse to complete the W-9 09:53 Reporting Obligations to the IRS 12:43 What happens if you don't report to the IRS? IRS Form 1099-NEC: https://www.irs.gov/pub/irs-pdf/f1099... IRS Form W-9: https://www.irs.gov/pub/irs-pdf/fw9.pdf 🏁HTF Super Dirt Series🏁 →https://www.htfseries.com →  / htfseries   🖤Find Us On Our Other Channels🖤 →Facebook:   / ehjoiner   &   / joshua.r.joiner   →Instagram:   / ehjoiner   &   / joshuajoiner   →TikTok:   / ehjoiner   &   / joshua.htf   As always, thank you for checking out our channel and seeing what our lives are like living and working within the racing industry!