I am doing a temp contract at a big name institution through a legitimate private company. I am told that I'll do a form 1099 when I complete the contract.
What is perpelxing me is that this private company is not witholding taxes from my paycheck. Once they witheld, but they soon made the adjustment and paid me back by deposting the amount witheld into my bank.
Anyone know what's the prudent thing to do? I am pretty certain they will have to report my income to IRS in early 2007 based on my experience in the workforce.