Voluntary Classification Settlement Program (VCSP) Definition

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Voluntary Classification Settlement Program (VCSP) Definition

Term Definition
The Voluntary Classification Settlement Program (VCSP) gives employers the opportunity to reclassify their workers as employees.

Extended Definition
Misclassifying workers as independent contractors when they are actually employees is unlawful. VCSP lets eligible employers reclassify their workers with reduced penalties. Employers can apply for the program by filling out IRS Form 8952.

Related Article
IRS Program (VCSP) Lets Employers Admit to Worker Misclassification

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