Overview
IRS Releases Fact Sheet on Payments to Independent Contractors: Today, the IRS issued a fact sheet (FS-2015-21) reminding employers “to correctly determine whether workers are employees or independent contractors.” The fact sheet describes the factors relevant to worker classification and the consequences of misclassification.
Miscellaneous Guidance:
Today, the IRS released Revenue Ruling 2015-19, which provides various prescribed rates for federal income tax purposes.