What’s the Difference? W-2 vs. 1099

With so many numbered and lettered tax forms, knowing the difference between them all can be tricky. The W-2 and 1099-MISC are forms used to report your income and are very important when it comes time to file your taxes. Do you know the difference between the two? Test your knowledge here!

L@dy Liberty
Created by L@dy Liberty
On Jan 29, 2016
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If taxes are withheld from your paycheck, which form will you receive?

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Employers have until _______ _ to mail out W-2s to employees.

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As an independent contractor, you should receive a 1099-MISC from each company that has paid you $_____ or more.

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True or False: Your taxes are automatically withheld as an independent contractor.

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True or False: If you do not receive a 1099 as an independent contractor, you are still responsible for reporting all taxable income.

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The _____ is the most common tax form.

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Bonus! If you're having trouble with your tax return, what should you do?

Questions left