GB Sciences Inc (GBLX)

[Ctrxman]

https://www.strictlybusinesslawblog.com/2011/08/04/there-is-no-such-thing-as-a-1099-employee/p
I hope the link works. The IRS has specific rules regarding independent contractors and penalties and back taxes apply if the rules are violated. I don’t understand th point of attempting to do this. It’s not like cash from operations just sits there and can’t be used because of the banking rules. If they chose to pay people in cash they could do that regardless of whether the get a 10999 or a W2 at the end of the year.