In December, Sen. John Kerry introduced the Taxpayer Responsibility, Accountability, and Consistency Act. The legislation seeks to amend the Internal Revenue Code to require businesses to report to the IRS all payments of $600 or more made to corporate providers of property and services, set forth criteria and rules relating to the treatment of workers as employees or independent contractors, and increase penalties for failure to file correct tax return information or comply with other information reporting requirements. In addition, the legislation would require the Secretary of the Treasury to issue an annual report on worker misclassification. The National Electrical Contractors Association (NECA), Bethesda, Md., supports this effort and is seeking co-sponsors for the Kerry legislation.
For more information, visit the NECA Web site.