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St Genevieve, MO, September 18, 2014: Tax resolution attorney Lance Drury, founder of the Law Firm of Lance R. Drury, and best selling author of “Successonomics” posted a new blog on the LANCE DRURY LAW website entitled “Are You Inviting IRS Troubles by Misclassifying Employees as Independent Contractors?” Businesses are always looking for tax loopholes and ways to legally avoid paying taxes. Classifying employees as independent contractors is tempting and may work temporarily, but the IRS is always looking for employers trying to evade taxes this way. Lance Drury says, “The IRS does not like to lose money. So when they see workers designated as independent contractors, it is like an open invitation to initiate an audit.” He continues advising employers, “Be very careful before deciding who is and who is not an independent contractor. It could cost you tens of thousands of dollars or more in heavy penalties, fines and back taxes owed to the IRS.” Drury recommends business owners to get copies of the IRS 20-Factor Analysis and Safe-haven Rule before deciding who is or is not an employee. He elaborates on the Safe-Haven rule saying, “This rule establishes that an employee who has consistently not been treated as an employee during any period of time after 1977, will not be reclassified as an employee if, you, the employer has filled all required federal tax returns, including information returns (Forms 1099-MISC), and if you had a reasonable basis for not treating the individual as an employee.” “As tempting as it may be to avoid paying payroll taxes,” says Drury, “the consequences of getting audited by the IRS and found guilty simply isn’t worth it.” About Lance Drury Tax Attorney Lance Drury, founder of the Law Firm of Lance R. Drury, has been practicing law since 1984 and began representing individuals and businesses in disputes with the Internal Revenue Service in 2006. With offices located in Ste. Genevieve and Columbia, Missouri, Drury has positioned himself as a leading attorney in the state for IRS tax resolution issues. He is able to evaluate the unique situation of clients and provide them with honest answers and a specific plan to best resolve their tax problems About The Lance Drury Law Firm Since 2006, the Law Firm of Lance R. Drury has been representing individuals and businesses in disputes with the Internal Revenue Service and State of Missouri Tax Commission. With offices located in Ste. Genevieve and Columbia, Missouri, we’re proud to be your local choice for Missouri tax services.
