News & Tax Alerts: Tax Alerts – Federal

IRS Expands Voluntary Worker Classification Settlement Program; Relief From Past Payroll Taxes Avail

Thursday, March 7, 2013   (0 Comments)
The Internal Revenue Service has expanded its Voluntary Classification Settlement Program (VCSP), paving the way for more taxpayers to take advantage of this low-cost option for achieving certainty under the law by reclassifying their workers as employees for employment tax purposes for future tax periods with partial relief from federal employment taxes. For additional information about the expansion of this program, see IRS News Release IR 2013-23.