FedEx Prepares for IRS Audit


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FedEx Prepares for IRS Audit - Web CPA

FedEx said it is preparing to meet with an audit team from the Internal Revenue Service to discuss the IRS's tentative conclusion that FedEx should reclassify its delivery drivers as employees rather than independent contractors.

The IRS is also conducting audits of FedEx for 2004 through 2006. According to the International Brotherhood of Teamsters, the potential losses to FedEx could reach over $1 billion.