linkedin facebook  twitter

 

 or Call (888) 634-0001

Employee vs. Independent Contractor-- the $54 billion Tax Gap

Posted by Eric R. Soro CPA

Jan 13, 2014 12:11:08 PM

Statistic: The “Tax Gap” is the annual shortfall between taxes owed and taxes paid. Employment tax noncompliance is estimated by the IRS to account for $54 billion of the tax gap.

So you can bet that the IRS would be aggressive in closing that gap by going after worker misclassification. Therefore, to assist with the complexity of the differences between an employee and independent contractor we have provided the following indicators often used by the IRS:   

Read More

Topics: tax, employee or independent contractor, 1099





Join Our Mailing List


Recent Blogs

Posts by Topic

see all