Oct. 25, 2011
Got amnesty? New IRS deal converts independent contractors
Avoid crippling liability by prospectively reclassifying your independent contractors as employees.
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.
The Internal Revenue Service has several "voluntary disclosure" programs under its belt aimed at encouraging foreign income and bank account reporting and compliance. Now, the IRS has turned its attention to another bone of contention: the age-old line between independent contractor and employee. There's good reason.
Everyone in business knows it's cheaper to pay independent contractors. You don't have to withhol...
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