The IRS has noticed a significant increase in the hiring of independent contractors as a cheaper alternative to hiring workers as employees. If you hire an independent contractor (IC), you must be vigilant to ensure that government agencies never re-classify that IC as an employee.
If you ever questioned whether you, or your clients, have Independent Contractors that may really be employees, it is imperative that you navigate between the classification of these types of workers both legally and efficiently. Avoid risky exposure and the increasing costly fines and lawsuits in the World of 1099 Reporting.
While there are specific tests for determining what kind of legal relationship to enter into, (independent contractor or employee), the primary issues in determining someone’s status are the following:
Marcia L. Miller, MBA, EA is President and Owner of Financial Horizons, Inc.
For over 40 years, Marcia has worked in Accounting, Tax and Management Consulting for a practice with emphasis on representing Small Business Owners in all aspects of Taxes, Employment & Labor Issues, Pensions, Estate Planning as well as Federal, State (Nationwide) and Foreign mandatory reporting.
She is also a Managing Director of Transition Advisors, LLC, a consulting company known for leading CPAs through transition with succession and M & A strategies.
She has been an author, live speaker and webinar expert for various national companies and accounting organizations at their annual conferences, lecturing on a multitude of tax, technical & non-technical topics. She has also presented Tax Legislative Seminars for Thomson Reuters on current business taxation and accounting issues.
As a recognized Thought Leader and Speaker in the World of Information Reporting and commonly referred to as the "1099 Queen", Marcia was appointed to a three year term, as a Committee Member, to the Internal Revenue Service's Information Reporting Program Advisory Committee (IRPAC).
She received both her MBA and BBA from the University of Miami School of Business.
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