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TRUCKING INDUSTRY * USA - IRS Drops Last FedEx Audit
Decision is major victory for independent contractor model at parcel unit
Memphis,TENN,USA -The Journal of Commerce Online -Nov 11, 2009: -- FedEx says it expects no more audits from the Internal Revenue Service now that the agency for the second time dropped a look at potential penalties in the company’s classification of parcel division drivers as independent contractors... The IRS, which last month told FedEx it will not impose penalties under an audit for 2002, this week said it also rejected assessments for the years 2004 through 2006... FedEx said in a securities filing that the IRS still could look at 2007 and 2008, but no audit for those years is underway and so this week’s decision clears an important hurdle for the company in its ongoing battle over the classification of drivers... It’s a major victory for FedEx because the classification of the drivers as independent contractors is a central pillar of the business model at its ground delivery operation, which competes directly with UPS and its unionized parcel delivery work force... (Photo joc.com: FedExGround) 
Labels: trucking industry news USA
posted by Unknown @ 5:45 AM
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