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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> job classification

Employers get ‘Fresh Start’ in worker classifications

Posted by RJ and Makay on Sep 28, 2011

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The Internal Revenue Service (IRS) launched a new program last week that will enable employers to resolve worker classification issues and become compliant under the tax law.  Employers will now be able to make a minimal payment to cover past payroll tax obligations rather than waiting for an IRS audit.  The move is part of a “Fresh Start” initiative at the IRS to assist taxpayers and businesses in addressing their tax responsibilities.