United States, Tax, Employment Issues & The IRS: Why All Employers Should Review Employee-Related Plans And Practices Now! - Pillsbury Winthrop Shaw Pittman LLP - 24/11/2009, Income Tax, IRS/ Inland Revenue, Labour and Employment, Employee Benefits & Compensation.
The Internal Revenue Service has recently announced plans to conduct payroll tax audits of approximately 6,000 companies and increase its focus on compliance issues relating to section 409A of the Internal Revenue Code of 1986 ("Code"). To be ready for such audits, employers should review worker classifications, fringe benefit polices, executive compensation arrangements and Code-qualified employee benefit plans now.
