Posts Tagged ‘employment tax’

Employment tax compliance forces IRS business audits

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Companies that misclassify workers as independent contractors instead of actual employees could face scrutiny and penalties in IRS audits that begin this month, industry observers say.
The Internal Revenue Service over the next three years will audit 6,000 randomly selected businesses nationwide, including small and tax-exempt employers, on their compliance to pay employment tax, or FICA and Medicare.

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