By CARL GRASSI
Published in Crain’s Cleveland Business
December 12, 2011
The IRS has unveiled a new voluntary compliance program to offer relief from exposure to federal employment taxes to businesses that have improperly classified their workers as independent contractors.
Under this program, employers who voluntarily change the classification of their workers from independent contractors to employees essentially will not be penalized and will not be subject to audits for prior years.
The terms of this new program are extremely favorable and should be considered by any business using independent contractors whose status as such is questionable.