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May 17, 2013 ... Businesses-&-Self-Employed/Independent-Contractor-(Self- .... Does the person have an opportunity for profit or loss as a result of the labor.

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What is independent contractors and employees?

Independent contractors are self-employed individuals who provide services to a business on a contract basis. Employees, on the other hand, are individuals who work for a company and are typically paid a salary or hourly wage.

Who is required to file independent contractors and employees?

Businesses are required to file information on both independent contractors and employees.

How to fill out independent contractors and employees?

To fill out information on independent contractors and employees, businesses need to gather relevant details such as name, address, social security number, and total payments made.

What is the purpose of independent contractors and employees?

The purpose of filing information on independent contractors and employees is to report payments made to them and to ensure compliance with tax regulations.

What information must be reported on independent contractors and employees?

The information that must be reported on independent contractors and employees includes their name, address, social security number, total payments made, and any taxes withheld.

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