RE: What is Freelancing?

["Marci Bethel" <mhbethel -at- rmbeditorial -dot- com>]

Hi Sandy,

W2 and 1099 are the numbers of the tax forms on which earnings are reported
to an employee (W2), contractor or freelancer (1099), and the U.S. Internal
Revenue Service (IRS). If you're an employee, your employer withholds taxes
from your earnings and reports both the before-tax (gross) income and the
amounts of various taxes withheld on the W2. If you're a contractor, the
employer typically pays you the full amount of your before-tax (gross)
income and reports it on the 1099. Money paid to freelancers is reported in
the same way using a 1099. If you receive 1099 income, you are responsible
for paying your own taxes. 

I think of contractors and temporary employees as those people who are
employed by a company to work on-site for a specified period of time, often
through a third party (contract or temp agency), and are typically paid an
hourly rate. Freelancers typically work off-site to complete a specific
project, usually through their own business entity rather than a third
party, and may be paid an hourly rate or a project rate. 

Others will have other views. 

HTH,
Marci

~~~~~~~~~~~~~~~~~~
Marci Bethel, Freelance Editor
RMB Editorial Services
www.rmbeditorial.com
mhbethel -at- rmbeditorial -dot- com


-----Original Message-----
From: techwr-l-bounces+mhbethel=rmbeditorial -dot- com -at- lists -dot- techwr-l -dot- com
[mailto:techwr-l-bounces+mhbethel=rmbeditorial -dot- com -at- lists -dot- techwr-l -dot- com] On
Behalf Of Sandy Nicholson
Sent: Tuesday, October 17, 2006 8:48 AM
To: techwr-l -at- lists -dot- techwr-l -dot- com
Subject: Re: What is Freelancing?

Richard wrote:

>> I often hear the term "freelancing" used in ref to TWing. What is the 
>> difference between temping (W2 or 1099) and freelancing?

For the benefit of those of us in the rest of the world, could someone
perhaps explain to us roughly what the terms `W2' and `1099'  
mean?



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