One Significant Benefit of an Employer's Completing an IRS Form

question 58

True/False

One significant benefit of an employer's completing an IRS Form SS-8 is that even if the employer does,in fact,misclassify a worker,the proper completion of the form may evidence a good faith effort by the employer,reducing or even eliminating IRS penalties for misclassification.

---

Definitions:

Lower Of Cost

A principle requiring inventory to be recorded at the lower of its original cost or current market value, ensuring valuation is not overstated.