July 6, 2016
The Internal Revenue Service (“IRS”) has focused its attention on closing the tax gap and one way it hopes to do so is by collecting under-withheld employment taxes. As part of the Employment Tax Research Project it launched in 2010, the IRS is reviewing the payroll practices of 6,000 employers in four main areas:
- Worker Misclassification
- Fringe Benefits
- Executive Compensation
- Payroll Taxes