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what is c2c / w- 2 /1099

reubin haz
Ranch Hand

Joined: May 12, 2005
Posts: 287
Can someone tell me what they mean for "c2c / w- 2 /1099"?

thanks


SCJA, SCJP5.0, SCBCD, SCWCD
Charu Ak
Greenhorn

Joined: Aug 17, 2006
Posts: 15
I am talking about H1 visa. An Employer will take you on W2 basis or 1099. The diff between two is that
1) In W2 employer will cut your tax, while incase of 1099 you will be resposible for that. So, in 1099 you can show your expenses like commuting, gas etc which are exempted from tax and you might be able to save some extra bucks. Generally, in US employers goes for W2.

c2c ie. Corp 2 Corp (what I supposedly know):
Suppose you are a consultant for company A which is not direct vendor for client, company B is a prime vendor for client and company B ask for candidates from company A. In that case if you are working for company B it is corp2corp

Charu
--------------
SCJP, SCWCD
[ January 31, 2007: Message edited by: Charu Aakash khurana ]
Luke Kolin
Ranch Hand

Joined: Sep 04, 2002
Posts: 336
Originally posted by Charu Aakash khurana:
I am talking about H1 visa. An Employer will take you on W2 basis or 1099.


If you are in the US on an H-1, you must be paid on a W2 basis, not via a 1099.

Cheers!

Luke
 
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