San Diego Short Sale Blog!

The IRS will randomly select 2,000 taxpayers each year for the next three years. The examinations will be comprehensive in scope, with records pertaining to employment tax returns and issues subject to review.

Many workplace experts report a growing number of companies have maneuvered to cut costs by incorrectly classifying regular employees as independent contractors, though they often are given desks, phone lines, and assignments just like regular employees.  The audit will serve as a useful reminder to broker/owners to assure they have current documents setting out the required information.  In some cases, broker/owners who have been lax in record keeping with regard to these written agreements have incurred significant penalties.