WASHINGTON DC-Recently Douglas H. Shulman, Commissioner of the IRS, gave a speech before members of the American Institute of CPA’s (AICPA’s) about changes in the IRS for taxes and new programs. One of the statements he made was, “We…use information reported by the taxpayer to make judgments about…returns to audit.” Top three Red Flags that [...]
FedEx will pay Montana a $2.3 million settlement over misclassification of FedEx Ground drivers as independent contractors, Montana Attorney General Steve Bullock recently announced. As it has in other settlements, FedEx did not admit wrongdoing in this settlement. The settlement follows a protracted investigation by Montana state authorities that resulted in a finding that FedEx [...]
WASHINGTON DC-Recently Douglas H. Shulman, Commissioner of the IRS, gave a speech before members of the American Institute of CPA’s (AICPA’s) about changes in the environment for the IRS and taxes in general. Taxes are complicated Shulman stated, “…the sheer girth and complexity of the tax code continue to grow, in spite of efforts to [...]
In my client work for Collabrus most of the misclassified workers I encounter are Independent Contractors in title only. Where most companies go wrong is they bestow the IC title on a contractor or consultant out of convenience (or fear of losing the talent!), but treat the individual in every other way as an employee. [...]
Law firms and local newspapers around the country are beginning to report that the IRS’ promised 6000 employment tax audits to determine the extent of non compliance and misclassifications of workers is hurting businesses just as they are struggling to save money and stay in business in this tough economy. For example, the Dallas Business [...]
WASHINGTON-The IRS recently issued a statement notifying taxpayers and tax professionals that it has changed the format and requirements for the Employer Identification Number (EIN) Application. The statement said, “Some applicants for Employer Identification Numbers (“EINs”) have listed nominee individuals, rather than the true responsible party, during the application process. The Internal Revenue Service does [...]
Do you believe the economy is starting to recover? Are you gearing up for future growth and considering independent contractors and contingent workers because they give you flexibility? But are you really ready? Just as you are thinking of increasing the use of IC’s and contingent workers the government is gearing up its workforce of [...]
Want a new job? The IRS is hiring and advertising job opportunities on YouTube! WASHINGTON DC-The Internal Revenue Service announced this week it is using YouTube to market IRS job openings for revenue agents, revenue officers, criminal investigation special agents, financial analysts and economists about employment opportunities at the IRS. IRS Commissioner Doug Shulman said, [...]
WASHINGTON-The IRS National Taxpayer Advocate, Nina E. Olson, released her July report to Congress that identifies the important issues to the IRS during the coming fiscal year. The report expresses concern about IRS funding, particularly: IRS funding for taxpayer education and assistance, IRS funding to implement health care reform, IRS funding for the new information reporting [...]
Douglas H. Shulman, IRS Commissioner, recently spoke before the American Payroll Association & the American Accounts Payable Association. He said he’s excited about the new law I mentioned earlier this week giving the IRS more tools to close the Tax Gap… Commissioner Shulman stated that the IRS is gearing up to implement new requirements recently passed into [...]
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