Question
Steve works as an AR clerk for Veston Corp. At Veston, he is required to work from 9 p.m. to 5 p.m. Monday through Friday
Steve works as an AR clerk for Veston Corp. At Veston, he is required to work from 9 p.m. to 5 p.m. Monday through Friday and is provided a computer/computer software/training for performing his duties. Veston reimburses Steve for all business expenses, and his contract indicates that his work period is indefinite. Steve also provides accounting services to two other firms during the week. Steve does not receive fringe benefits from Veston. Veston has classified Steve as an independent contractor.
Would the IRS likely have a problem with this categorization? Why? What factors would support Vestons assertion?
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