IRS eases the tax blow for firms that misclassified workers

09/21/2011 | Wall Street Journal, The

The Internal Revenue Service will offer a voluntary-admission program for businesses that have improperly labeled workers as independent contractors, resulting in underpaid payroll taxes. The Voluntary Worker Classification Settlement Program will charge the companies payroll tax on about 1% of the wages paid to reclassified workers over the past year.

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Wall Street Journal, The

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