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Im joining to work as a IT Recruiter so i need to know in detail about what is corp-corp, w2, 1099

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Im joining to work as a IT Recruiter so i need to know in detail about what is corp-corp, w2, 1099

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  1. If you pay wages to an employee you give them a w2 (states what they earned that year).  If they are a contractor you'd use a 1099.  If they work for a different corporation (or even owe their own corporation) its a corporation to corporation transaction (corp-corp) and you don't need to give them anything.

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