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Want an IRS Audit? Misclassify an Employee as a Sub Contractor

Want an IRS Audit? Misclassify an Employee as a Sub Contractor Some simple business decisions have enormous tax and legal implications, like whether to hire someone as an employee or an independent contractor.  It’s no secret that it’s cheaper to hire independent contractors.  You don’t have to withhold taxes or pay any benefits.  They are …

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W2 vs 1099

W2 vs 1099 For most of us the actual difference between 1099 Independent Contractors and W-2 Employees is clear cut for several reasons. But there are many of us out there that have never encountered the W2 vs 1099 questions or never even thought to discover and understand their differences. Please refer to my blog on how …

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IRS Gets Tougher on Classifying Independent Contractor vs Employee

IRS Narrows Independent Contractor Relief If you treat workers as independent contractor who are really employees and fail to withhold payroll taxes the IRS can reclassify them and assess potentially crippling retroactive penalties.  For many, a key way out of this mess is Section 530, a tax relief provision that can let you keep even an erroneous classification. Under …

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