Quarterly Tax Update Autumn 2023   New

This quarter's update looks at two different areas of classification. There are significant tax consequences arising from the classification of a worker as an employee or independent contractor, including payroll tax issues, types of compensation, and deductions available. Additionally, there may be numerous issues that are not tax related, including overtime pay under the Fair Labor Standards Act and statement unemployment and workers' compensation. Additionally, the determination of whether a person is a nonresident alien for tax purposes is an important analysis for any practitioner with a client that may or may not be considered a nonresident alien for tax purposes. Practitioners need to be cognizant of the basic rules applicable to that determination.