Do you use “independent contractors” in your business?
If you do, be very careful. You see, if the IRS rules that they’re actually employees, you could be on the hook for thousands of dollars in retroactive federal payroll taxes, interest, and penalties.
What can you do to avoid these problems? Easy! Meet the three requirements outlined in Section 530 of the tax law.
We’ll show you how to stay out of hot water and keep on Uncle Sam’s good side when you read my new article titled Tax Tips: Avoid Employment Taxes and Penalties: Sail into Section 530’s Safe Harbor!
Three ways our fact-filled article can help you:
- We’ll explain three ways Section 530 protects you. The great thing about Section 530 is that it puts the brakes on the IRS and keeps them at bay. You’ll get all the details when you read the full article.
- You’ll learn the three steps you have to take to stay safe. You’ll qualify for Section 530 protection by showing three things. We’ll tell you what they are, and maybe save you a ton of money, when you read the full article.
- We’ll explain a very important two-word term. The IRS requires you to show your “reasonable basis” for treating your worker as an independent contractor. There are six ways you can establish that “reasonable basis.” We’ll list them all when you read the full article.