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To: snopercod
I would suggest you consult your tax attorney for detailed information as how it is applied to draftsmen. But in general as part of the tax reform act of 1986 they repealed the "usual business practice exemption for determining who exactly is a contractor in these named fields. I do not give tax advice but it really screwed up teh market for people who had been independant contracts in the IT area.
96 posted on 05/19/2003 2:25:19 PM PDT by harpseal (Stay well - Stay safe - Stay armed - Yorktown)
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To: harpseal
Thanks. Now I understand. I was working as an independent contractor in the early eighties, and well remember TEFRA. Based upon TEFRA, the IRS came up with a long list of conditions that one had to meet to be an "independent contractor" for tax purposes. I thought this was some new thing...
99 posted on 05/20/2003 4:07:42 AM PDT by snopercod
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