Should I Elect to be an Independent Contractor or an Employee?
I have the option of being hired as an employee or independent contractor. I am wondering if any local accountants or CPAs in the DC / DMV area have any advice as to which I should choose. I am going to a direct lending originator with the agencies (Fannie Mae, Freddie Mac, & HUD), mortgage broker for financing all other financing options, and an asset manager / developer for a family office so please consider the nature of those businesses (investments in real estate, etc.) as a factor as I would assume that would have an impact on the decision. Also, not sure if there are any tax implications uniquely pertaining to DC or Maryland regarding the occupations and/or investments in Real Estate. Thanks in advance for your help.