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What (who) is reclassification$67458$ - definition
IRS reclassification; IRS Reclassification; IRS reclassification as an employee; IRS reclassification of independent contractors as employees; Employees vs. independent contractors; Independent contractors vs. employees
reclassify
WIKIMEDIA DISAMBIGUATION PAGE
Reclass; Reclassification (disambiguation); Reclassing; Reclassify; Reclassifying
¦ verb (reclassifies, reclassifying, reclassified) classify differently.
Derivatives
reclassification noun
Reclassification
WIKIMEDIA DISAMBIGUATION PAGE
Reclass; Reclassification (disambiguation); Reclassing; Reclassify; Reclassifying
Reclassification is the changing of an object or concept from one classification to another. This may refer to:
Reclassification (accounting)
ACCOUNTING PRACTICE
A reclass or reclassification, in accounting, is a journal entry transferring an amount from one general ledger account to another. This can be done to correct a mistake; to record that long-term assets or liabilities have become current; or to record that an asset is now being used for a different purpose (e.
Wikipedia
Misclassification of employees as independent contractors
Misclassification of employees as independent contractors is the way in which the United States classifies the problem of false self-employment. It can occur with respect to tax treatment or the Fair Labor Standards Act.
The U.S. Government Accountability Office (GAO) reports that the IRS claims to lose millions of dollars in uncollected payroll, social security, Medicare and unemployment insurance taxes because of misclassification of independent contractors by taxpayers.
