Pink Bunny. You really need to stop being so hysterical. You are like a woman perpetually on the rag.
"I heard" is enough reason to have a nervous breakdown sell your company & move to Mexico? Wouldn't it be prudent to try & get the facts before having a bad hair day melt down?
You seem rather emotionally fragile....
The facts,
Quote:
The way it works is this, an employer can cut its payroll costs by up to 30% if it calls a worker an “independent contractor” instead of an “employee” and issues a Form 1099 instead of Form W-2 to the Internal Revenue Service (IRS). As long as it treats like workers the same, the employer does not have to withhold taxes from the worker’s pay, forcing workers to pay all their own payroll taxes as if he or she were self-employed. And, at the same time, the employers fail to pay their fair share of federal and state payroll taxes. Section 530 bars the IRS from penalizing the employer if he falls under the safe harbor, requiring a change in the treatment of workers even if the IRS concludes that those workers should be treated as employees, and it bars the IRS from writing rules, regulations and guidance on the matter.
Genuine independent contractors make up a small part of the American workforce because, by definition, an independent contractor operates his or her own business. They have specialized skills, they invest capital in the business, and they perform a new service, not just routine services already that other workers already provide. Most workers, especially in labor intensive jobs like construction are not operating a business of their own.
There are legitimate independent contractors in every industry. And it is not our intent to undermine their work. By ensuring that the IRS can require employers to properly classify the people working for them as well as give them guidance on how to do that, we will ensure that both true independent contractors and true employees are treated as such.
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Now are you implying if you can't handle that...that you are lying to the IRS about your employees?
Or are you just misunderstood & fell apart on a rumor?