A new IRS voluntary settlement program offers significant relief from liability for unpaid federal employment tax, penalties and interest for eligible taxpayers that agree to voluntarily treat their misclassified workers as employees.
On Wednesday, September 21, 2011, the Internal Revenue Service (IRS) issued Announcement 2011-64, which details a new program that allows eligible taxpayers that agree to voluntarily treat their misclassified workers as employees going forward can get significant relief from liability for unpaid federal employment tax, penalties and interest.
Please see full publication below for more information.