ACCT 485 Lecture Notes - Lecture 18: Independent Contractor, Ordinary Days
17 Oct 2016
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Acct 485 day 18: expenses related to employees and sole proprietors. Worker classification: revenue ruling 87-41 lists 20 factors that can be used in determining whether a worker is a common law employee or an independent contractor; these factors fall into 3 main categories: Right to control work on how it is done. No, they can pick whatever they deem necessary. If you get fridge-benefits you are going to be a worker not and individual contractor. Paid by time instead of task that you do: importance of the distinction. If you are an independent contractor all your deductions are taken from. Huge importance on tax return and how much you are going to get back. Transportation expenses: costs of transporting the worker from one place to another in the course of employment when the employee is not away from home in travel status. Include such costs as taxi fares, automobile expenses, tolls, and parking.
