You thought you were done when you filed your tax return in April. But then the letter from the IRS arrived. Here’s how you can avoid common audit mistakes and keep your tax pain to a minimum. Read and follow the notice. It will tell you which year’s tax return the IRS is questioning and the items …
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 …
Employee Contractor | Exposure | Independent Contractor | IRS