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- W1539681639 abstract "The IRS recently launched a new program designed to enable many employers to resolve past worker classification issues and achieve certainty by voluntarily reclassifying their workers on a prospective basis. The Voluntary Classification Settlement Program (VCSP) is designed to allow eligible employers to obtain substantial relief from federal payroll taxes they may have owed for the past, if they agree to prospectively treat their workers as employees. It is available to many businesses, tax-exempt organizations and government entities that might be erroneously treating their workers or a class or group of workers as non-employees or independent contractors, and now want to treat these workers as employees. The VCSP allows employers the opportunity to get into compliance by making a relatively minimal payment covering past payroll tax obligations rather than waiting for an IRS examination and an uncertain financial liability associated with a worker status reclassification." @default.
- W1539681639 created "2016-06-24" @default.
- W1539681639 creator A5008429755 @default.
- W1539681639 date "2012-01-02" @default.
- W1539681639 modified "2023-09-25" @default.
- W1539681639 title "IRS Voluntary Worker Classification Settlement Program" @default.
- W1539681639 hasPublicationYear "2012" @default.
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