The Obama administration plans to raise revenue in part by cracking down on companies that classify employees as independent contractors and arrange for dubious foreign tax credits. The administration ...

The Internal Revenue Service issued final regulations Wednesday for a 2 percent tax on payments from the U.S. government to foreign contractors. The final regulations relate to section 5000C of the ...

the IRS ensures that it receives the taxes owed. The IRS requires businesses to issue Form 1099-MISCs to most non-corporate independent contractors or service providers – foreign or domestic ...

Those subsidiaries helped the contractors reduce taxes, in part by avoiding Social Security and Medicare payroll taxes for U.S. workers hired at the foreign subsidiaries, GAO auditors said.

Image Credit: AP Washington: New US contracts with foreign companies will now be ... agencies an incentive to use US companies as contractors. The tax will raise $4.6 billion (Dh16.8 billion ...

Government plans to remove all tax waivers given to foreign contractors undertaking government projects are welcome. However, the tax reliefs should have been introduced years back, when the ...

The strategic management arm of the Broadcasting Board of Governors may be violating tax rules that require withholding of taxes from paychecks of thousands of full-time individual contractors, a ...

In Linde, the Tax Court held that Linde, who worked for a government contractor in Iraq, could exclude the income he earned in Iraq under the foreign earned income exclusion of section 911.