Budget Erosion, Looming Retirements Add to Demands on IRS Compliance As Health Care Reform, FATCA Implementation Swing Into Play for 2012

BNA Bloomberg Daily Tax Report

Littler shareholder William Weissman provides perspective on the Voluntary Classification Settlement Program for employers, stating that the program has raised a lot of concern, especially in California, as it has triggered passage of a state law that authorizes the California Labor and Workforce Development Agency to impose penalties between $5,000 and $25,000 for each instance of ‘‘willful misclassification.’’

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