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Is Your Independant Contractor Really an Employee?
Do You Know the Difference? The IRS estimates that it is losing 1.5 Billion a year over the misclassification of employees as independent contractors. If independent contractors are reclassified as employees the employer will be faced with the following: 1) FICA, FUTA, SUI and ETT Taxes 2) Under Paid Employee Federal & State Individual Income Taxes up to the amount which should have been withheld. 4) Penalties & Interest for Failure to File Tax Returns, Deposit Payroll Taxes. As a result, assessments for reclassification of workers general results in very large assessments. In order to avoid a reclassification of workers, an employer must be able to show the following: 1) The employer has a reasonable basis for classifying workers as independent contractors i.e. from previous IRS audits or from supportable industry practices. 2) The employer exercised consistent treatment of workers. When the classification of a worker is challenged, the following common law factors are considered: a) How are instructions communicated to the worker. i) Is work performed on premise of employer? p) Does the worker provide services to more than one company/persons at a time? As a result, we recommend that proper safeguards be implemented to minimize the risk that an independent contractor is reclassified as an employee by the IRS or EDD. The safeguards must consistent with the common law principles listed above and must also provide proper documentary evidence. |
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