Virginia Tax Department Issues Income Tax Guidelines for Classification of Workers

The Virginia Department of Taxation Sept. 30 issued guidelines for the classification of workers for individual income and corporate income tax purposes. The guidelines include: 1) an individual is considered an employee if the individual performs services for an employer for remuneration; 2) any employer that fails to properly classify an individual as an employee and fails to pay taxes with respect to an employee is subject to monetary penalties; 3) the department must notify all public bodies and covered institutions of the names of employers that the department determines failed to properly classify an individual as an employee and ...