Mar 03, 2010
IRS stepping up audits on independent contractors
03 Mar 2010
Posted by VAR
Better cross those T’s, dot those I’s, and make sure you’ve got good documentation for all those write-offs on your tax returns…
According to NAR, the IRS has announced an expansion of audits of small businesses during 2010 to assess compliance with employer payroll tax rules and rules that apply to independent contractors. The IRS is assessing compliance, and not targeting any particular industry.