That Union Thing

The IRS has begun random audits to crack down on under-reporting and non-payment of employment-related taxes.

The IRS has not focused on employment taxes since 1984, and stands to gain as much as $20 billion in additional tax revenue. some of the items the IRS will be searching for over the next three years are employees misclassified as independent contractors and business owners claiming personal expenses as business expenses.

Miami-Dade County Commissioners have approved a wage theft ordinance. The ordinance would give the county legal authority to help workers recover back wages. The Federal Department of Labor receives about 50 complaints in Miami-Dade every day, and it is expected that about a third of those could be handled by the county. Active enforcement of the ordinance might also lead to collection of unpaid employment and workers' compensation taxes.

NFL players and team owners are currently in negotiations for a new collective bargaining agreement. Despite the NFL producing its highest ratings since 1990, team owners are asking for a 20 percent cut in players' salaries. The current agreement expires after the 2010 season, and salary caps expire after this season.


Write reply

This item is closed, it's not possible to add new comments to it or to vote on it

Comments must be approved before being published.