IRS Form 941 Quarterly / Form 940 FUTA / W-2 vs 1099-NEC
US Payroll, FICA & FUTA Employer Tax Compliance Guide 2026
Complete guide to US payroll taxes. FICA (6.2% Social Security + 1.45% Medicare employer match), FUTA 0.6% federal unemployment, W-2 employee withholding vs 1099-NEC independent contractor compliance.
Frequently Asked Questions (FAQ)
Under IRS Common Law rules, workers are W-2 employees if the employer controls what work is done and how it is performed. 1099-NEC contractors operate independent businesses and pay self-employment tax.