IRS eases the tax burden for firms that misclassified workers

09/21/2011 | Wall Street Journal, The

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

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