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1099 Risk Blog

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February, 20 2008 by mbopartners

Fedex Owes $319 million

IRS says Fedex owes $319 mln
in back taxes: filing
Reuters


Friday, December 21, 2007; 9:30 PM
LOS ANGELES (Reuters) - Fedex Corp (FDX.N)
said on Friday that the U.S. Internal Revenue
Service found that its FedEx Ground independent
contractors should be reclassified as employees
for tax purposes and that the company faced
related taxes and penalties of more than $319
million for 2002.

Read More >

Tags:
IRS, misclassification, reclassification, back taxes, contractors, 1099, risk, coemployment, defined benefits , plan, ic's, fedex, drivers
Categories:
IRS Enforcement
Comments: (0)

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