Wednesday, May 29, 2013

Workers can be both employees and ICs, IRS rules


By Tim Gould
There are some things you just know: Friday follows Thursday and if a worker is an employee, he or she can’t be an independent contractor (IC). Right? Well, you might want to double-check your calendar because at least one of these truths has just been discredited.  
worker classification
IRS recently came out with a Chief Counsel Ruling (IRS Info. Ltr. 01-0069) that says there are certain circumstances when a person can fill both employment roles at the same company – at the same time.
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