IRS Subcontractor Laws

By Robert Robillard on Contractor Advice

Image

IRS To Step Up Enforcing Subcontractor Laws

Over the years many small contractors misclassified their employees as subcontractors and in doing so avoid having to pay workers compensation , SSI Medicare, Unemployment, withhold taxes and pay other insurances.

Recently the IRS has announced that it will start to randomly audit 2,000 small businesses and an additional 2,000 in each of the following two years in an attempt to enforce it’s newly formed Employment Tax National Research Program.

The IRS has estimated to gain $7 billion over the next 10 years. IRS plans to spend $25 million to hire an additional 100 agents.

My next post will deal with how to determine if someone is an employee or a subcontractor…….


If you enjoyed this post, make sure you subscribe to my RSS feed or receive updates via email

If you enjoyed this post, make sure you subscribe to my RSS feed!

About the author

Robert Robillard

Robert Robillard

Carpenter / Remodeler / Editor / Writer / Video Talent

Robert Robillard is a general contractor, carpenter and operates a remodeling company located in Concord, MA. He is the editor of ConcordCarpenter.com and ToolBoxBuzz, and a has a weekly column in the Sunday Boston Globe. Rob is a recognized leader in tool and how-to information for building professionals, he hosts the Concord Carpenter Cable TV Show, offering advice on home repairs and maintenance. On his website, Rob uses his knowledge and experience to help and educate on best practices in the remodeling industry. His motto: “Well done is better than well said!”. Contact Rob at: info@aconcordcarpenter.com

All posts by Robert »

Not what you're looking for?

Search for more articles here. Enter keywords like roof leak, bookcase, deck, etc to find your topic.

© Copyright 2017 A Concord Carpenter · All Rights Reserved