Thursday, December 06, 2007

IRS and States Team Up on Payroll Taxes

According to the Wall Street Journal online, the Internal Revenue Service is joining forces with more than twenty-five states in an intensified effort to crack down on employment related tax violations. Among the key issues is whether a worker should be classified as an employee or an "independent contractor" - a difference with significant tax implications for both businesses and workers. You can check out the full article here.

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