An area of focus of the Internal Revenue Service’s (IRS) employment tax compliance studies initiated early in 2010 is the area of officer compensation. This area of focus is one of five such topics, also including the following: Worker misclassification Fringe benefits Employee expense reimbursement Non-filers The IRS’s intent is […]
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Since October of 2009, the IRS has been focusing many resources on what the agency calls the “global high wealth industry group.” The IRS has created a section by the same name within its agency consisting of analysts and agents devoted to close scrutiny of the very wealthy through this […]
As part of its increased focus on bringing to light areas of under-taxation dating to late 2009, the Internal Revenue Service (IRS) pledged to closely review tax returns of 6,000 businesses. This close examination of business tax filings has been undertaken with the intention of studying areas of compliance and […]
As part of its National Research Program begun in 2010, the Internal Revenue Service (IRS) has examined tax returns of thousands of small, medium-sized and large businesses looking for areas of under-compliance and under-taxation. These special audits focused on several areas of concern including the following: Worker misclassification Fringe benefits […]
Employers often try to evade dealing with withholding taxes and paying employee benefits by classifying workers as independent contractors. The IRS, on the other hand, is aggressively engaged in searching for pockets of taxes that the government is missing through current business practices. Both the employer and the worker classified […]
Be ready to cope with the reality of the IRS’s employment tax audit initiative and its potential impact on your business. Whether your business has been audited, is under investigation or has been notified of alleged violations, contact Brown, PC. Attorney Lawrence Brown, a former prosecutor with the U.S. Department of […]