Being a 1099 independent contractor means that you are self-employed and will receive 1099 compensation for your services.
As an independent contractor, it is your decision to accept, decline, or resign a position offered to you. You are responsible for your own tax deductions and benefits. KFS will not deduct any payroll taxes such as those for Social Security, FICA, FUTA, SDI, Medicare, etc. As an independent contractor, KFS does not provide any benefits such as healthcare insurance, tuition reimbursement, paid vacation days or paid sick leave. For detailed information on how to file taxes as an independent contractor, please speak with a qualified tax accountant, tax attorney or visit the Internal Revenue Service at: www.irs.gov/Individuals/Self-Employed.