The Internal Revenue Service had some activity this past week that employers should keep an eye on. One was a new “Tax Gap” study, which analyzed the 2006 tax year. It found that overall compliance was statistically unchanged from 2001. Initial compliance was slightly better, but within the statistical margin for error, while payment
Taxes
IRS Announces Lower Cost Amnesty Program for Worker Classification Issues
By Keith A. Ashmus on
Employers who believe that they may have been erroneously classifying employees as independent contractors may now take advantage of a new IRS voluntary compliance program. This program allows employers to reclassify any workers erroneously treated as independent contractors. Employers who choose to do so may take advantage of the program’s lower cost settlement terms and…