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Contractor Definition

April 12, 2017

smayes

Term Definition
A person or company who performs works independently or for a third party, usually under contract. A bona fide contractor is not considered an employee of the business and is completely independent from their client. Contractors should be given the annual Form 1099 showing the amounts paid for their work for the year. If the contractor goes through contract staffing services, they will likely have a third party employer of record for which they are a W-2 employee.

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