Internal Revenue Service; independent contractor; employee reclassification

IRS.jpgAuthored by Jeff Burns

On September 22, 2011 the IRS announced a new Voluntary Classification Settlement Program (VCSP) that allows companies (technically, any taxpayer) to voluntarily reclassify workers as employees for employment tax purposes in exchange for partial relief from federal employment taxes that would otherwise be owed for the period of time prior to the reclassification.   In describing the

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