Caution: IRS Focuses In On Misclassified Independent Contractors On Business Tax Returns

Liz MacDonald of Fox Business News reports that the IRS is looking for
businesses that misclassify workers as “independent contractors” when they
are actually employees.  President Obama believes this effort can raise as
much as $7 Billion by finding companies who should be paying more payroll,
Social Security, Medicare, and unemployment taxes.  It is reported that
fines can be up to 100% of the payroll taxes due.

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Filed under Franchise Insight, Franchisors & Obamacare, In The News, Restaurant & Hospitality Law, The Franchise Legislation Monitor

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