<prompt> Human: IF THIS IS NOT THE RIGHT SUBREDDIT, PLEASE LET ME KNOW. IM A LURKER WHO JUST REALLY NEEDED SOME GUIDANCE, THANKS!Hey all, Im a college student who is interning and has a quick question for you guys. I am interning at a PE firm where Im making 15 dollars an hour. While working there, I was approached by an Associate to help him with a start-up that he is involved in to do some ad-hoc financial work for him, work that could potentially lead into a full time gig after I graduate next year depending on the success of the start-up of course. The associate offered to match my salary that I am making to do this work on the side for him. However, instead of processing me as a W2 employee, he wishes to give me a 1099 contract.I am not too educated on the 1099 hire type, but from what I understand, this type does not withhold taxes for me automatically like a W2 does. I was curious if I should ask for more money per hour to compensate for this, or if this is even an issue? If I should ask for more money, how much more should I ask for, and why? I cant be talking out of my butt with this guy because he used to work in Accounting, and has a pretty good grasp on these concepts, and thats why I wanted some advice.tl;dr: Interning for the summer, one of the associates wants me to do some extra work. Offers to match my pay, but as a 1099 employee versus a W2 employee. Should I ask for money to compensate for this? Thanks for all the input!Assistant: 1099 vs W2 is well defined by the IRS. Will you actually be an employee or an independent contractor?If you are confused or dont know, refer to this: If it actually is a 1099 position, you can negotiate for more, but since it is just on the side hoping to turn it into something full time, I would just accept and negotiate when you are looking at the full time offer.Human: Thanks for the feedback!The company is based in SF, and I would be working part-time during the summer and through the school year for them. Maybe 15-25 hours a week. I am aware that the 1099 is for contractors, but my main question is that since Im taking the tax hit later, can I ask for more money now to offset that?  <response>: can I ask for more money now to offset that?You can ask for whatever you want. Just know your bargaining position going in. You are still a student doing, what I assume is, remote contracting work hoping it leads to a full time offer after graduation. With that said, ask for more money based on what you are worth, not what your taxes or personal costs will be. 