Comments on: 1099 vs W-2 employee for a mortgage net branch http://www.netoriginator.com/Net-Branch-Blog/1099-vs-w-2-employee-for-a-mortgage-net-branch/ Are you looking for information about the mortgage net branch industry? This blog is written for you! Wed, 11 Aug 2010 23:09:39 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: NetOriginator http://www.netoriginator.com/Net-Branch-Blog/1099-vs-w-2-employee-for-a-mortgage-net-branch/comment-page-1/#comment-46 NetOriginator Wed, 11 Aug 2010 23:09:39 +0000 http://blog.netoriginator.com/?p=4#comment-46 Heather, I know that this is big problem in California because the DRE licenses mortgage loan officers and real estate agents. Agents are paid by 1099. In 1997 Alan R. Seher of the law firm Weiss & Weissman, San Francisco, California wrote an article titled "IRS RULES MORTGAGE BROKERS ARE EMPLOYEES". In the article Attorney Seher explains the IRS ruling and how it affects loan officers in California. Here is a link to the entire article. I hope this helps! http://www.wwlaw.com/tamik.htm Heather, I know that this is big problem in California because the DRE licenses mortgage loan officers and real estate agents. Agents are paid by 1099.

In 1997 Alan R. Seher of the law firm Weiss & Weissman, San Francisco, California wrote an article titled “IRS RULES MORTGAGE BROKERS ARE EMPLOYEES”.
In the article Attorney Seher explains the IRS ruling and how it affects loan officers in California.

Here is a link to the entire article. I hope this helps!
http://www.wwlaw.com/tamik.htm

]]> By: HC http://www.netoriginator.com/Net-Branch-Blog/1099-vs-w-2-employee-for-a-mortgage-net-branch/comment-page-1/#comment-45 HC Wed, 11 Aug 2010 21:39:48 +0000 http://blog.netoriginator.com/?p=4#comment-45 Thank you for this article. Would you be able to sight IRS or CA State Code for information specifying mortgage bankers and originators should be W-2 (Other than SS8) as opposed to 1099? We feel it is important for us to have the actual code to back us up. Thank you much. Cheers, Heather Thank you for this article. Would you be able to sight IRS or CA State Code for information specifying mortgage bankers and originators should be W-2 (Other than SS8) as opposed to 1099? We feel it is important for us to have the actual code to back us up.

Thank you much.

Cheers,
Heather

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