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This is part of a larger 鈥淔resh Start鈥?initiative at the IRS to help taxpayers and businesses address their tax responsibilities for which employers face no deadline.


鈥淭his settlement program provides certainty and relief to employers in an important area Jurrell Casey Rush Jersey ,鈥?said IRS Commissioner Doug Shulman. 鈥淭his is part of a wider effort to help taxpayers and businesses to help give them a fresh start with their tax obligations.鈥?p>

The new Voluntary Classification Settlement Program (VCSP) is designed to increase tax compliance and reduce burden for employers by providing greater certainty for employers, workers and the government. Under the program, eligible employers can obtain substantial relief from federal payroll taxes they may have owed for the past, if they prospectively treat workers as employees. The VCSP is available to many businesses Kevin Byard Rush Jersey , tax-exempt organizations and government entities that currently erroneously treat their workers or a class or group of workers as nonemployees or independent contractors, and now want to correctly treat these workers as employees.


To be eligible, an applicant must:


> Consistently have treated the workers in the past as nonemployees,


> Have filed all required Forms 1099 for the workers for the previous three years


> Not currently be under audit by the IRS Derrick Henry Rush Jersey , the Department of Labor or a state agency concerning the classification of these workers


Interested employers can apply for the program by filing Form 8952, Application for Voluntary Classification Settlement Program, at least 60 days before they want to begin treating the workers as employees.


Employers accepted into the program will pay an amount effectively equaling just over one percent of the wages paid to the reclassified workers for the past year. No interest or penalties will be due, and the employers will not be audited on payroll taxes related to these workers for prior years. Participating employers will Corey Davis Rush Jersey , for the first three years under the program, be subject to a special six-year statute of limitations, rather than the usual three years that generally applies to payroll taxes.


A taxpayer participating in the VCSP will agree to prospectively treat the class or classes of workers as employees for future tax periods. In exchange, the taxpayer:


> Will pay 10 percent of the employment tax liability (just over one percent of the wages paid ) that may have been due on compensation paid to the workers for the most recent tax year Marcus Mariota Rush Jersey , determined under the reduced rates of section 3509(a) of the Internal Revenue Code.


> Will not be liable for any interest and penalties on the amount; and


> Will not be subject to an employment tax audit with respect to the worker classification of the workers being reclassified under the VCSP for prior years.


Shulman and Secretary of Labor Hilda Solis signed an agreement earlier this week to improve their coordination on preventing businesses from misclassifying employees as independent contractors. Under the program, eligible employers can obtain substantial relief from federal payroll taxes they may have owed in the past, if they prospectively treat workers as employees. The VCSP is available to many businesses, tax-exempt organizations and government entities that currently erroneously treat their workers or a class or group of workers as non-employees or independent contractors Amani Hooker Jersey , and now want to correctly treat these workers as employees.


If you believe that you are about to be audited or investigated for your worker classifications 鈥?perhaps because a former worker or a competitor is about to blow the whistle or he already made a claim for unemployment benefits or workman鈥檚 comp, please call us to find out if you should be participating in this amnesty program




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Why Hire A Professional Website Development Company? ECommerce Articles | April 10 Nate Davis Jersey , 2014
There may come a time in your life when you want to start your own website. At that point, you will need to decide if you want to design the website yourself or hire a professional website development company to do it for you. Web development is ...


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There may come a time in your life when you want to start your own website. At that point, you will need to decide if you want to design the website yourself or hire a professional website development company to do it for you. Web development is another way of saying web design. While designing a website may seem easy, there are many things that go into it. That is the main reason why many people ultimately decide to have an experienced team design their website for them.


Departments of a web development company


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