The IRS has announced the Voluntary Classification Settlement Program (VCSP) which will allow employers to voluntarily reclassify as employees workers previously classified as independent contractors. An employer can reclassify all of its workers as employees or only certain subsets of workers as employees.
An employer is eligible for the program if the employer:Has consistently treated the workers as independent contractors;
Has filed all required Forms 1099 for the workers...
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Tuesday, October 4, 2011
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