IRS Creates New Voluntary Classification Settlement Program Providing Companies The Opportunity To Reclassify Independent Contractors And Limit Liability

Mondaq Business BriefingUnited States Law Articles in English (2011)

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IRS Creates New Voluntary Classification Settlement Program Providing Companies The Opportunity To Reclassify Independent Contractors And Limit Liability

The Internal Revenue Service (IRS) has released details regarding its new Voluntary Classification Settlement Program (VCSP) in Announcement 2011-64.1 The VCSP provides taxpayers a new opportunity to reclassify as employees workers that have been incorrectly treated as independ...

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