IRS Voluntary Classification Settlement Program (VCSP): Employee or Independent Contractor?

The Voluntary Classification Settlement Program (VCSP) is  a program offered by the Internal Revenue Service that provides an opportunity for taxpayers to voluntarily reclassify their workers as employees for tax purposes. The VCSP extends to the taxpayer partial relief from federal employment taxes per the terms of their closing agreement. To participate in this voluntary program, the taxpayer must meet certain eligibility requirements and apply to participate in the VCSP by filing Form 8952, A...