Paid for motels - hotels - apartments for 1099's for 3 years and was audited by IRS as part of 3 percent of MO. Corporations audited like a dice roll. They considered all those 1099's employee status, went back 3 years, and total cost with fines was $ 102,000.
Took me a couple years to pay back......You cannot file bankruptcy to get out of this as the payroll tax not paid is considered a trust fund.
Ouch - Watched my fish tank freeze that winter for a lack of utilities....
Re: 1099 (contractor) vs W-2 (employee)
Member #: 199
Registered: 1996-2001
Posted:
356
Name:
Chris Kramer
Name:
Chris Kramer
Company:
Spectrum Planning, Inc.
Occupation:
VP of Operations
Location:
St. Charles MO.
Experience:
~40 years
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