Posts tagged "IRS"

IRS Cracking Down on Independent Contractors

IRS Cracking Down on Independent Contractors
Watch out 1099’ers! The IRS is searching for independent contractors that should be classified as temporary workers. The government is closely monitoring your 1099 filing, in search of additional revenue for the State and Federal governments taxing body. According to the IRS and the Department of Labor, a vast majority of today’s 1099 workers do... Read more »

Get Ready for Tax Increases: The History of Income Tax

Get Ready for Tax Increases: The History of Income Tax
The dire state of our economy after the Great Depression in 1929 led to the passage of the Social Security Act in 1935.  This law provided for payment known as unemployment compensation to workers that lost their jobs.  Other areas of the Act gave public aide to the aged, the needy, the handicapped, and to... Read more »