34 - 20 Point Contractor Checklist
LaundromatHowTo.com PodCast
English - March 22, 2016 08:30 - 9 minutes - 8.71 MB - ★★★★ - 12 ratingsInvesting Business coinlaundry howtobuyalaundromat laundromat laundromatowners Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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It's a fine line between hiring a Contractor and an Employee. The US Internal Revenue Service (IRS) has a 20 Point List to make the decision. It can be costly to cross the line as you will be required to submit payroll taxes and other expenses from the date of hire. Listen as we review the list and help with some of the decision points.
Related Links:
http://art.mt.gov/artists/IRS_20pt_Checklist_%20Independent_Contractor.pdf
https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Independent-Contractor-Self-Employed-or-Employee
https://www.irs.gov/taxtopics/tc762.html
https://www.irs.gov/pub/irs-pdf/p1779.pdf