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IRS Contract Workers Owe Big Time Taxes

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Services for Real Estate Pros with William T. Zumwalt CPA, CTC "The Tax Coach for REALTORS"

It was reported that the companies that perform as independent contractors for the IRS have 700 employees that owe the IRS $5.4 MILLION !! And what’s even better is that of the 700 employees more than half are not eligible  to work for their employers on IRS business since they are not in an installment agreement to repay this debt.

The IRS apparently does a good job of initially screening  workers but is really falling down on the job of keeping up with annual compliance.  The IRS does a really good job of screening their own employees  and they should hold the independent contractors to the some level of tax compliance.

Bill Zumwalt
Helping REALTORS with Tax Solutions and Solving Tax Problems for REALTORS
REALTOR Tax Preparation, REALTOR Tax Accountant, Tax Preparation Tulsa, OK
Accountant Tulsa, OK, CPA Tulsa, OK, Tax Prep Tulsa, OK, Tax Savings Tulsa, OK, Tax Accountant Tulsa, OK
The Tax Coach for REALTORS

William T Zumwalt CPA,CTC, PLLC
5416 South Yale Ave
Suite 120
Tulsa, OK 74135
918-583-1040
855-993-3339
Bill@TeamZumwalt.com
www.TeamZumwalt.com

Comments(1)

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Jimmy Faulkner
Florida. Homes Realty & Mortgage - Wantagh, NY
The Best Of St. Augustine
If you work for the government, and most of us will as we progress into the future things may get simpler in the tax code. These plans are in place.
Nov 28, 2013 06:13 AM