Many taxpayers may currently be misclassifying workers performing services for their business as independent contractors. For this reason, a new program has been launched by the IRS to increase tax compliance related to worker classification issues. The Voluntary Classification Settlement Program (VCSP) enables employers to reclassify independent contract workers as employees with a minimal amount of complication and costs.
Click here for additional information on the qualification and terms for taxpayers who wish to participate in this new program.
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