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An independent contractor agreement allows a client to hire a contractor for a specific job, often referred to as a 1099 agreement. Unlike employees, contractors must file taxes on their own and do not have taxes automatically deducted from their payment. This legal distinction is one of many between contractors and employees. While contracting offers flexibility, it comes with less stability. The rise in contractor positions is due to changing technology. Consider eligibility and job scope before creating a contractor agreement.
