Over the past week we have been following developments on the Labor Department’s crackdown on improper classification of workers, followed by the IRS’s announcement that a new program, the Voluntary Classification Settlement Program, will extend an opportunity for businesses to reclassify those ...
Earlier today, the IRS announced a new “Voluntary Classification Settlement Program” (VCSP), which will extend a break to businesses that come forward to admit improperly classifying workers as independent contractors to evade federal payroll taxes. As we reported earlier this morning in our ...