IRS Launches Settlement Program for Misclassified Workers
September 24th, 2011 by JBWK
After announcing a new information-sharing plan to crack down on misclassified workers (employees who are labeled independent contractors), the IRS has now made details public about a voluntary settlement program for employers with misclassified workers.
The employers must satisfy certain criteria: they must have consistently treated their workers as independent contractors; they must have filed the proper returns, and; they cannot be under audit. If they’re accepted into the settlement program, their outstanding payroll taxes will be drastically reduced in exchange for voluntary compliance.
The IRS’s press release is available here
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