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Old 03-29-2012, 09:38 AM  
Barefootsies
Choice is an Illusion
 
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Join Date: Feb 2005
Location: Land of Obama
Posts: 42,635
Quote:
Originally Posted by raymor View Post
Here's the skinny -
Some people try to commit fraud by lying and saying that employees are outside contractors. That's obviously illegal pretty much anywhere. It's perfectly legal to use actual independent contractors. It's just that if you want to treat them like independent contractors for tax purposes, you have to treat them as independent contractors on a day to day basis.
As stated previously, I think anyone who is serious about their business should have this conversation with their accountant/CPA and not trust GFY board lore. Ultimately, they are the ones' who sign off on your tax docs, and keep you in the good graces of IRS.

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