A Texas federal judge has stopped the U.S. Department of Labor’s new overtime rules from taking effect as scheduled for December 1, 2016. Significantly, the court issued a nationwide injunction. The decision to enjoin the Department’s overtime rules was issued earlier today, and a copy of the Order is available here (Nevada v U.S.
Are Employers Rolling the Dice Under the IRS’s Employee/Independent Contractor Reclassification Program?
The Internal Revenue Service announced on 9/21/2011 that businesses that have improperly labelled their employees as independent contractors will be allowed to reclassify workers and make only a small payment to cover past payroll taxes.
The IRS is calling this program the Voluntary Worker Classification Settlement Program (the “Reclassification Program”). Under the IRS Reclassification Program