Dec. 4, 2012
Agencies to scrutinize worker classification
A recent U.S. Government Accountability Office report claims the IRS is losing billions on worker misclassification.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
Whether to hire someone as an employee or independent contractor may seem to be a decision that makes itself. Who wouldn't prefer to have an independent contractor? With independent contractors, you don't have to withhold taxes or pay any benefits. They are easier to fire too.
Yet if you treat employees as independent contractors and fail to withhold taxes, the Internal Revenue Service can reclassify them and assess potential...
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