Tag Archives: independent contractor

How Many 457(b) Plans Do You Need?

Many cities and special districts establish and maintain more 457(b) plans than they really need. We routinely see public agencies with as many as two, three or four 457(b) plans. How and why does this happen? And, are there any … Continue reading

Posted in Income Tax, Social Security | Tagged , , , , | Comments Off on How Many 457(b) Plans Do You Need?

Public Agency Board Members’ Worker Classification Matters for Tax Purposes

Due to the IRS’ different treatment of private sector and public agency boards of directors, it comes as little surprise that many California special districts and public agencies continue to classify their board members as independent contractors and report their … Continue reading

Posted in Income Tax, Social Security | Tagged , , , , | Comments Off on Public Agency Board Members’ Worker Classification Matters for Tax Purposes