Should I do a W-2, 1099 or Corp-to-Corp for a new software consulting job?

I was offered a position with a very large software company to do consulting. I can structure the hire as a W-2 FTE, 1099 contractor, or Corp-to-Corp. I'm male, 27, no dependents, no debt, live in DC.

Which situation might pay the most after taxes... considering benefits, 401k, etc. Asked by AskMeOne 49 months ago Similar questions: W 2 1099 Corp to Corp software consulting job Business > Taxes.

Similar questions: W 2 1099 Corp to Corp software consulting job.

Go large If you’re lazy, be a W-2 employee and file the 1040-EZ every year. If you want freedom, be a contractor. If you want to build a business, go "Corp-to-Corp".

Register a Delaware LLC for $100 (or incorporate in your own state) and open a business checking account. Run all your proceeds through the corporate account and build up its credit rating and its Better Business Bureau profile. When this particular software project ends, you could be an out-of-work consultant.

Or you could be a business owner, with enough credit and demonstrated integrity to get your next business plan funded. But you had specific questions about finance. It’s true that a contractor or a sole proprietor have a higher base tax than a salaried employee.

But that employee can’t deduct nearly as many business-related expenses, from cell phone bills to part of your rent. Unless a company is going to "match funds" on a 401(k), that is, give you free money for every dollar you invest, you don’t really need one. An IRA offers nearly the same benefits and aren’t tied to an employer.At your age you should be able to get a reasonably priced individual health plan and not be beholden to corporate HR’s idea of what you need.

I can’t speak for any other fringe benefits that might be offered. Absolutely spend the couple hundred bucks to get a few hours with a CPA to set your books up straight, and an attorney to review any contracts with your clients before you sign anything.(Or at least a bookkeeper and a paralegal.) .

1 I don't know, so I'm not taking an answer slot, but Corp-to-Corp means you have to be incorporated. So if you haven't done that yet, that's not really an option. It took my brother 4 months to get everything straight to incorporate his business.

I don't know, so I'm not taking an answer slot, but Corp-to-Corp means you have to be incorporated. So if you haven't done that yet, that's not really an option. It took my brother 4 months to get everything straight to incorporate his business.

" "what is the best job corp to attend?" "I want to purchase a house, but the seller owns the house in a C-Corp and will incur big taxes. Is there a solution? " "How do I convert from a Subchapter S corp to a not-for-profit?" "What do you think of Stemagen Corp.

Cloning stemcells? " "Anyone that went to job corp in Flint, Michigan please tell me your opinion & experience of this job corp! Thank you!

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Well I got kick out of job corp and was told I cant come back can that change.

Does job corp help you with housing after you graduate.

I want to purchase a house, but the seller owns the house in a C-Corp and will incur big taxes. Is there a solution?

What do you think of Stemagen Corp. Cloning stemcells?

Anyone that went to job corp in Flint, Michigan please tell me your opinion & experience of this job corp! Thank you!

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