Preserving the Availability of Section 530 Relief When Workers are Misclassified
Employers are generally required to withhold and pay employment taxes on wages paid to employees. Conversely, employers are generally not required to withhold and pay employment taxes on wages paid...
View ArticleIRS Announces Settlement Program for Employers Using Independent Contractors...
The IRS announced an important settlement program on September 21, 2011 where the IRS will now give many employers substantial tax relief for treating employees as “independent contractors”. Details...
View ArticleEighth Circuit Ruling Highlights Risks in S-Corporation Compensation Planning
The Eighth Circuit Court of Appeals, in the recent case of Watson, P.C. v. US, 109 AFTR 2d 2012-1059, 668 F. 3d 1008 affirming the district court below, held that an S-corporation shareholder’s 2002...
View ArticleIRS Modifies and Temporarily Expands Worker Voluntary Classification...
The IRS announced an important settlement program, the Voluntary Classification Settlement Program or VCSP, on September 21, 2011. Under VCSP, qualifying employers who misclassified workers as...
View ArticleAccounting Firm Members Held Personally Liable For Client’s Unpaid Federal...
A federal district court has ruled that the members of an accounting firm were each personally liable for the trust fund potion of the unpaid federal employment taxes of their client. Buddy Light...
View ArticleSupreme Court Finds Severance Payments Subject to FICA in Quality Stores
Writing for an 8-0 majority, with Justice Kagan abstaining, Justice Anthony Kennedy handed down the Supreme Court’s ruling in the closely-watched United States v. Quality Stores, Inc., et al. case...
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