W-2 and 1099 Options

Both structures may be available

W-2 and 1099 structures may be available depending on the approved position and written agreement.

Classification follows the arrangement

Worker classification is determined by the actual approved arrangement and the facts of the working relationship. It is not a preference box a candidate ticks, and no employer can simply assign whichever label either side would prefer.

If someone tells you that you can just pick, treat that as a reason for caution.

What requires approved documents

Detailed compensation, tax and benefit terms are set out in approved documents, not on a public page. Those are reviewed with you before anything is signed.

• The approved position and its terms
• How compensation is structured and paid
• What benefits, if any, attach to the approved role
• Tax treatment that follows from the classification

Get your own advice

Lock It Lending does not provide tax or legal advice. For how a structure would affect you personally, speak with your own tax professional or attorney.

A detailed W-2 versus 1099 comparison is shared with approved candidates directly rather than published here.