Is your church properly classifying its workers as employees or independent contractors? With the implementation of the Affordable Care Act the IRS will examine independent contractor classifications more carefully and the penalties and fees for mis-classification can sky rocket. The determination of proper worker classification is based on who has control over that worker. The IRS has identified 20 factors that can help you with this determination (Revenue Ruling 87-41). However, many churches believe some of these common myths outlined in the link below. Make sure your worker classification is not based on these myths.
More Scrutiny Over Independent Contractor Classification
Tags: affordable care act, employee classification, independent contract, penalty
This entry was posted on August 30, 2013 at 12:26 pm and is filed under Accounting,Healthcare,Tax.
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This entry was posted on August 30, 2013 at 12:26 pm and is filed under Accounting,Healthcare,Tax.
You can follow any response to this entry through the RSS 2.0 feed. You can leave a response of trackback on your own site.