Article Date:
February 2022

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Owe Taxes for Misclassified Workers? Section 530 to the Rescue!

Are you living every small business owner’s worst nightmare: an IRS audit?


Okay, that’s bad. But even worse, suppose the IRS asserts that many of your 1099 independent contractors are W-2 employees. Now you owe tens of thousands of dollars in unpaid payroll taxes!


What are you going to do?


Before you throw in the towel and make a panic-stricken call to your friendly neighborhood bankruptcy lawyer, hold on. There may be a way out! You may qualify for the safe-harbor provisions of Section 530.1... Log in to view full article.

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