Question: Your client has been selected for a worker classification audit by the IRS. Which of the following statements is accurate? The IRS will target payments

Your client has been selected for a worker classification audit by the IRS. Which of the following statements is accurate?

The IRS will target payments to both individuals and corporations to identify potential misclassified workers.

The misclassification of workers to employees will not impact your client's retirement plan under ERISA.

If a worker is re

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classified as an employee by the IRS, he or she will not have to amend prior year tax returns due to a leniency provision for misclassified workers.

Your client, upon reclassification of workers to employees, is now subject to the provisions of COBRA, ERISA, the Family Medical Leave Act, the Americans with Disabilities Acts, and other worker protection laws.

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