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Jeffrey B. Travis CPA
Monthly Archives: October 2016
WORKER CLASSIFICATION | Jeffrey B. Travis, CPA
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WORKER CLASSIFICATION | Jeffrey B. Travis, CPA
CODE SECTION 1031 TAX DEFERRED EXCHANGE ISSUES
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CODE SECTION 1031 TAX DEFERRED EXCHANGE ISSUES
Northbrook, IL 60062 | CPA Firms
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Northbrook, IL 60062 | CPA Firms
List of Certified Public Accountants in Buffalo Grove, IL 60089
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List of Certified Public Accountants in Buffalo Grove, IL 60089
List of Certified Public Accountants in Buffalo Grove, IL 60089
Jeffrey B. Travis | 847–267–0300
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ENHANCED DEPRECIATION DEDUCTIONS
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ENHANCED DEPRECIATION DEDUCTIONS
WORKER CLASSIFICATION | jeffbtravis.com
WORKER CLASSIFICATION
EMPLOYEE OR INDEPENDENT CONTRACTOR
Worker classification determinations are made on a case by case basis, depending on the specific facts and circumstances. How do you know how to classify? The basic definitions are:
1) Employee-an individual who performs services for a firm who is subject to
their control regarding what work will be done and how it will be done.
2) Independent contractor-an individual who performs services for a firm-but controls only the result of the work.
The categories of evidence are:
1) Behavioral control
2) Financial control
3) Relationship of the parties
Behavioral control is determined by:
1) Type of instruction given
2) Degree of instruction
3) Evaluation systems
4) Training provided by business
Financial control is determined by:
1) Significant investment
2) Unreimbursed expenses
3) Opportunity for profit or loss
4) Method of payment
Relationship of the parties is determined by:
1) Is there a written contract?
2) Are employee-type benefits provided?
3) Permanency of the relationship?
4) Are services provided a key activity of the business?
What if you are still not sure of worker classification? You can file a FORM SS-8 with the IRS and the IRS will determine your classification.
Jeff Travis, CPA | jeffbtravis.com
Deerfield, IL 60015 | CPA Firms
Deerfield, IL 60015 | CPA Firms
List of Certified Public Accountants in Deerfield, IL 60015
Travis & Warzala, Ltd.;
FGMK, LLC;
Mann, Weitz & Associates LLC;
H.D. Roseth & Associates, Ltd.;
Marcum LLP;
Kessler Orlean Silver & Co. PC;
Miller Cooper & Company
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