US Labor Secretary Tom Perez has renewed a three year agreement to help Massachusetts recover unpaid wages, back taxes unemployment insurance premiums, fines and penalties from employers who engage in fraudulent labor practices like misclassifying workers. The initiative commits the Department of Labor and the IRS to work with the Massachusetts Joint Task Force on the Underground Economy (JTF) which, since its inception, has collected nearly $56 million from unscrupulous businesses.
The comprehensive enforcement efforts of the Joint Task Force on the Underground Economy (JTF) in targeting the underground economy are paying off. Last year, the JTF recovered $15.6 million in unpaid wages, back taxes, unemployment insurance premiums, fines and penalties. Today, JTF has grown to …Continue Reading Why Should I Care About the Underground Economy? There were 15.6 Million Reasons in 2013.
Employee misclassification occurs when a worker is paid as something other than an employee, such as an independent contractor, when by law that worker is really an employee. One of the differences between an employee versus an independent contractor is how these workers are paid. …Continue Reading How are taxpayers impacted by employee misclassification and the underground economy?
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