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Abstract: 

Because the determination of whether a worker is an employee has important legal consequences, and because misclassification can result in onerous tax and other penalties against foundation employees, officers, and directors, it is important that family foundation managers and advisors understand the worker classification rules. This article briefly summarizes the key definitions the IRS is now using in making determinations regarding who is and is not considered an employee.

Keywords: Board Directors; IRS Definition of Employee; Employee and Independent Contractor

Affiliations:  1: Family Foundation Advisor.