Tax terms

1.W2 : Employer will pay their tax
Eligibility consultant – Green Card, US citizen, EAD

2.C2C : Dealing  Corp to corp
Eligibility: anybody who owns a corporation or who can work through employer  : all work visas and EAD's are eligible to work on C2C
taxes are taken care by respective corporation

a.Net 30/45/60 : forms of trade credit which specify that the net amount (the total outstanding on the invoice) is expected to be paid in full and received by the seller within 10, 15, 30 or 60 days
The notation "net 30" indicates that full payment is expected within 30 days follows the same

3.1099 : Dealing with independent contractors and where taxes are paid by respective employee
Eligibility: Independent work visa holders can work for any employers and US citizens 

No comments:

Post a Comment