TAX TERM

There are three type of TAX TERM:

C2C (Company to Company / Corporation to Corporation):
C2C is an agreement between two Companies/Corporations
and under this Tax Term your company/corporation is
responsible for your Taxes.
Again, take your example, you are an employee of ABC or TCS
Company (under TCS payroll) but you are working for XYZ
company, so in that case, there will be a C2C agreement
between TCS & XYZ and XYZ is not responsible for you taxes.
Only your company (TCS) will pay all the taxes.
This Tax Term is only for Contract Jobs.

W2 (Wage and Tax Statement):

Under this Tax Term, if the N number candidates are working
under any Company, then that Company or Employer will pay
all the Taxes of their employees to Internal Revenue Service
(IRS).
Under this company will pay Federal & State Unemployment
Tax, Social Security Taxes Medicare Taxes.
Take your example, you are working in ABC Company directly
then your company will pay your all taxes.
This tax term is for both contractual and full-time jobs.

1099:
Under this Tax Term only candidate is responsible for paying
their Taxes.
It is a type of tax term where candidate should be US citizen/
GC holder and they will be paying his or her own taxes
because they have their own corporation. This tax term is for
both contractual and full-time jobs.