Definitions by pitchspork

1099 

To work as an independent contractor instead of an employee (USA). Employees on company payroll use form W2 for tax purposes. Contractors who bill instead of being paid a salary use form 1099. Companies can save money they would pay in benefits by putting people into this status. Examples include car ridesharing service drivers.

I have to find my own health care coverage now that my company 1099'd all the drivers.

1099 by pitchspork May 3, 2015