The IRS’s Voluntary Classification Settlement Program (VCSP) offers businesses the chance to voluntarily reclassify workers as employees for future tax periods, providing relief from past employment tax obligations under certain conditions. Businesses must meet specific eligibility criteria, including consistent treatment of workers as independent contractors and compliance with filing requirements. This program aims to simplify worker classification and reduce tax liabilities for participating employers. For more details, you can visit the IRS VCSP page.

Categories: Box Trucks

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About the Author: Charles String

Our goal is simple; Help people start trucking companies, and keep them rolling. With my experience in transportation, I quickly decided to specialize in trucking insurance. It’s much more my speed and comfort zone: demanding, hectic, stressful…all the necessary ingredients to maintain my interests.