Switching Employment Status Colorado

Summary

Switching from a W2 employee to a 1099 contractor in Colorado is possible under certain conditions. The IRS differentiates between employees and contractors based on control, financial relationships, and the permanency of the relationship. Consulting a tax professional is recommended before making this decision.

Full Conversation

Can i switch from a w2 employee to a * contractor in colorado
Hello ****, you can switch from being a W2 employee to a * contractor under certain conditions. However, the IRS uses specific criteria to differentiate between an employee and a contractor. It's important to consider:
- The level of control your employer has over your work
- Your financial and business relationships with your employer
- The permanency of the relationship
Always consult with a tax professional before making this decision.