TAX CLIENT ALERT: New IRS Employment Tax Audit Initiative

    3 March 2010

    The Internal Revenue Service (IRS) has kicked off a three-year employment tax audit initiative of up to 6,000 companies large and small. These random audits will focus on worker classification, payroll tax practices/reporting, fringe benefits and executive compensation. The IRS will use this information as part of its National Research Program to set priorities for compliance within these areas.