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There are some great benefits to hiring an independent contractor but these types of workers are not without their disadvantages.

This article will go into detail on some of the advantages and disadvantages of hiring an employee over a contractor from an employer’s perspective.

IRS Form 1042-S is an annual information return for any monetary amounts given to a non-resident alien by a United States based institution or business.

Before they file their taxes, it is critical that employers and workers have determined whether the work they have performed or paid for is considered contract or employee work. This is because contract and freelance work have different tax laws.