Review Additional Key IRS Factors

What happens here

The speaker reviews additional key factors from the IRS 20-factor checklist, including: instruction, training, integration into the company's operations, requirement for personal services, control over assistants, continuity of the relationship, set work hours, full-time requirements, work location, order or sequence of tasks, reporting requirements, payment methods (hourly, weekly, monthly vs. by job), business/travel expenses, furnishing tools and materials, significant investment by the worker, realization of profit or loss, working for multiple firms, right to discharge, and right to terminate. The speaker particularly emphasizes that subcontractors should have the potential for profit or loss and should not work exclusively for one company.

Goal: Familiarize yourself with various other IRS factors used to determine worker classification.