First Employee

I accidentally classified a W-2 employee as a 1099 contractor for two years, how do I voluntarily report this to the IRS without getting destroyed by fines?

Misclassification of a worker as a contractor instead of a W-2 employee often turns on the actual working relationship, not just the form used, and the correction path can depend on how long the arrangement lasted, whether payroll taxes were withheld, and what records exist for the two years involve

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