Employers Beware Of IRS Worker Classification Crackdown
Law360, New York (June 9, 2014, 2:05 PM EDT) -- Increased federal and state budget deficits coupled with the rollout of the Affordable Care Act have the Internal Revenue Service and state tax authorities cracking down on companies that misclassify employees as independent contractors, and businesses that do not wise up could face devastating consequences.
The IRS and state employment agencies stepped up enforcement in recent years, slapping businesses with civil penalties for accidental misclassification and owners with jail time for intentional misclassification, experts told Law360.
“This is really a high-stakes game because the worker classification issue affects so many types of tax and employment laws, with both civil and potential...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!