H.R.5804 - Taxpayer Responsibility, Accountability, and Consistency Act of 2008110th Congress (2007-2008)
|Sponsor:||Rep. McDermott, Jim [D-WA-7] (Introduced 04/15/2008)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 04/15/2008 Referred to the House Committee on Ways and Means. (All Actions)|
This bill has the status Introduced
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Summary: H.R.5804 — 110th Congress (2007-2008)All Information (Except Text)
Introduced in House (04/15/2008)
Taxpayer Responsibility, Accountability and Consistency Act of 2008 - Amends the Internal Revenue Code to: (1) require reporting to the Internal Revenue Service (IRS) of payments of $600 or more made to corporations; (2) set forth criteria and rules relating to the treatment of workers as employees or independent contractors; and (3) increase penalties for failure to file correct tax return information or comply with other information reporting requirements.
Requires the Secretary of the Treasury to issue an annual report on worker misclassification.