Thursday, April 18, 2013

1099's can be tricky


 

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If you're using independent contractors who are paid on a 1099, be careful. Be very careful.

You see, if you don't handle things exactly right, the IRS may decide that your independent contractors are actually W-2 employees. Which can open a large can of worms.

If you want to play it safe and make sure that your independent contractors stay independent, don't miss my new article titled Do You Make This Big Mistake with Your Independent Contractors?

Three ways our fact-filled article can help you:
1.     We'll tell you what happens if you don't handle things right. Make one big mistake and you could subject your worker-employment classification to either the tax court's common-law seven-factor test or the IRS's 20-factor common-law test. Both of these tests could result in your 1099 independent contractors being reclassified as W-2 employees. Ouch! You'll get the whole story when you Read the FREE article.
2.     You'll learn a valuable lesson from the Kurek case. Poor Mr. Kurek! He had many independent contractors working for him and did all he could to keep them from being classified as W-2 employees. But he made one giant error that hurt him big time. We'll tell you what his mistake was and how to avoid making it yourself when you Read the FREE article.
3.     We'll introduce you to IRS Publication 1976. It's titled "Do you Qualify for Relief under Section 530." Sure, it's not a very sexy title, but the information in it can save your assets if the IRS comes calling. You'll get the details when you Read the FREE article.
To get started, CLICK HERE. You'll get a no-obligation 7-day FREE trial during which you can read, not only the article I mentioned above, but all of our helpful tax-saving tips from the last two months. This trial is absolutely free and there are no strings attached. That's a personal promise.

Sincerely,

W. Murray Bradford, CPA
Publisher
Tax Reduction Letter
 

 

Bradford Tax Institute
 
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