This disclosure is to inform you of a special compensation arrangement that has been deemed practical and beneficial to both you and Amplified Home Health Care. Under certain circumstances, your role and compensation will be structured in accordance with the IRS 1099-NEC rules, whereby you will be treated as an independent contractor rather than an employee.

Terms and Conditions:

1) Non-Employee Status:
Under specific circumstances, you will be classified as an independent contractor for certain tasks, projects, or services. During these periods, you will not be considered an employee of Amplified, but rather a non-employee working independently.

2) 1099-NEC Reporting:
Compensation for work performed under this independent contractor status will be reported to the IRS using Form 1099-NEC. This form will detail the amount of compensation paid to you for services rendered during the tax year.

3) No Withholdings:
As an independent contractor, no federal or state income taxes, Social Security, or Medicare taxes will be withheld from your payments. You are solely responsible for the reporting and payment of any taxes due on income earned under this arrangement.

4) Tax Responsibilities:
You are accountable for complying with all applicable tax laws regarding your 1099-NEC earnings, including but not limited to making estimated tax payments, if necessary. Amplified will not provide any tax advice or assistance related to your independent contractor status. However, you may seek the advice of Think and Profit Tax Services for clearer understanding.

5) Scope and Duration:
This special compensation arrangement applies only to the specific tasks, projects, or services mutually agreed upon in advance. It does not affect your status as an employee for any other duties or responsibilities outside of these specified circumstances.

6) Agreement and Acknowledgment:
By accepting work under this arrangement, you acknowledge and agree to the terms outlined in this disclosure. You also acknowledge that you have read and understood your responsibilities regarding tax obligations under the 1099-NEC rules.

Should you have any questions or require further clarification regarding this arrangement, please do not hesitate to contact HR/Finance or contact Trevor McKenzie at Think & Profit Tax and Business Consulting 724-861-8900; email: trevor@thinkandprofit.net.

Thank you for your continued dedication and contribution to the success of Amplified Home Health Care.

 

Sincerely,
Amplified Home Health Care Team.