Independent Contractors
| Independent Contractor Resources |
Internal Revenue Service
OUHSC/ OU-Tulsa
OU
|
Employee or independent contractor? The IRS has focused on this issue and given high priority to the classification of employment relationships.
The penalties for misclassification can result in the University being held responsible for under-payment of taxes including federal and state income tax, social security and Medicare taxes, and federal unemployment taxes.
Whether inadvertent or intentional, misclassification of workers as independent contractors may result in charges to the department for the taxes, penalties, and interest.
