ACC 307 Federal Taxation

“Distinction Between Independent Contractors and Employees” Please respond to the following:

  • Identify at least three (3) key benefits that you could negotiate
    with your employer or potential employer that could reduce your tax
    liability. Provide specific examples of such benefits.
  • Imagine that a potential employer has given you the opportunity to
    work as either an employee or an independent contractor. Identify at
    least three (3) pros and three (3) cons of each option. Discuss the
    primary tax consequences or tax deductions of each classification that
    you believe provide the greatest opportunity to reduce your overall tax
    liability. Provide support for your rationale.

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