Posts tagged 'IRS business audit'

February 23, 2010
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IRS Begins Audit of 6,000 Firms for Misclassification and Other Abuses

As reported here this past November when the Internal Revenue Service (IRS) announced its plans, the federal tax agency has commenced the first phase of its audit of 6,000 firms of all sizes and industries to root out abuses of executive pay, fringe benefits, record-keeping, and misclassification of employees as independent contractors. The Employment Tax National Research Project (NRP) will st...