The IRS wants to help you with worker classification

Description

Abstract: With mobile technology widely available and so many jobs lost following the 2008 financial crisis, many workers have gone solo. These independent contractors can be a great boon to employers looking for expertise on a short-term basis. But they also bring the risk of worker misclassification — and unwanted IRS attention. This article explains the differences between an employee and an independent contractor. It also describes an IRS program that allows employers who have inadvertently misclassified employees as independent contractors to voluntarily reclassify them and thus face greatly reduced liability for past taxes.