Daily Tax Update - August 19, 2015: IRS Releases Fact Sheet on Payments to Independent Contractors

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.