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Herbein + Company, Inc.

Herbein Stands Out

Topic: Independent Contractor

22 Sep
2011
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Employee vs. Independent Contractor Exposure

IRS Announces 2011 Voluntary Compliance Program Focused on Employee vs. Independent Contractor Exposure On September 21, 2011, the Internal Revenue Service (IRS) unveiled a Voluntary Compliance Program (VCP) that offers relief for businesses that may have misclassified workers as independent contractors, rather than employees, and so are potentially liable for significant additional taxes, penalties, and interest. Background …

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