i~ is the total number of type i misclassifications
For example, under current law, the Code penalizes failures to file Forms 1099 less severely than misclassifications
, even though failures to file such forms account for more tax revenue loss than does the misclassification
of workers as independent contractors.
Therefore, the impact of misclassifications
can be minimized.
Biologists usually classify orgnaisms by their appearance, but new research suggests this may lead to misclassifications
As part of the crackdown, the DOL hired 100 new auditors solely to investigate misclassifications
While multiple service and retail sites are usually built with similar layouts and standard asset lists, over time, some assets may be overvalued due to category misclassifications
, equipment obsolescence or tax errors.
By reducing complexity through clarification of definitions to prevent misclassifications
of independent contractors, we believe that greater compliance will be achieved.
After working closely with the Department of Labor on this complex issue, TAC is satisfied that it has complied with federal guidelines and has taken the necessary steps to address and correct these misclassifications
, and to insure TAC's ongoing compliance" said Robert Badavas, CEO of TAC Worldwide.
Therefore, the IRS would approve Form 3115 applications on such misclassifications
and allow the taxpayer a negative Sec.
WorkforceLogic Compliance blog posts cover such topics as taxes, audits, employee misclassifications
, contingent labor, background checks, employment law and more.
Fairfax's decision to restate financials is based on a known set of consolidated accounting misclassifications
discovered by management and is not an open-ended accounting review.
The Company determined that certain misclassifications
were made in its historical financial statements which resulted in an overstated loss from continuing operations and a corresponding understated loss from discontinued operations for fiscal 2002, fiscal 2003 and the three month period ended March 31, 2004.