Internal Revenue Service

Misclassification stakes high

A long erosion of the traditional owner-operator model has taken place.

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Obama budget eyes employee-contractor issue

In recent years, governmental agencies and courts have tried to decide if workers are employees or independent contractors. Now a provision in President Obama’s 2011 federal budget request targets the issue.   Obama wants $25 million for the Department of Labor to add 100 enforcement employees and competitive grants to boost states’ ability to address misclassification. Classification is not a black and white issue, not even to the Internal Revenue Service. ”There is no ‘magic’ or set number ...

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  PIB TIP: KEEP A NOTEBOOK WITH YOUR RECEIPT ENVELOPE. The notebook will be used to record those expenses for which you can’t obtain a receipt, such as for a truck wash at a coin-operated facility or personal use of your auto. You should give a record of these expenses to your business services provider monthly, along with other expenses. You must track the date, location, amount and purpose of each expense in your log to ...

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