Instructions for IRS Form 8952 Application for Voluntary Classification Settlement Program (Vcsp)

IRS Form 8952 Application for Voluntary Classification Settlement Program (Vcsp)

This document contains official instructions for IRS Form 8952 , Application for Voluntary Classification Settlement Program (Vcsp) - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 8952 is available for download through this link.

FAQ

Q: What is IRS Form 8952?
A: IRS Form 8952 is an application for the Voluntary Classification Settlement Program (VCSP).

Q: What is the Voluntary Classification Settlement Program (VCSP)?
A: The VCSP is a program offered by the IRS that allows eligible taxpayers to reclassify their workers as employees for federal employmenttax purposes.

Q: Who can use IRS Form 8952?
A: Employers who want to participate in the Voluntary Classification Settlement Program can use IRS Form 8952.

Q: What are the benefits of participating in the VCSP?
A: The benefits of participating in the VCSP include relief from federal employment tax liabilities for eligible prior years and reduced penalties.

Q: What information is required on IRS Form 8952?
A: IRS Form 8952 requires information about the taxpayer's contact details, classification of workers, and prior tax liabilities.

Q: Are there any fees associated with the VCSP?
A: Yes, there are fees associated with the VCSP. The fee depends on the number of workers being reclassified and the taxpayer's average annual payroll.

Q: What are the deadlines for submitting IRS Form 8952?
A: The deadlines for submitting IRS Form 8952 vary depending on the taxpayer's chosen filing method. It is important to check the instructions for the specific deadlines.

Q: Can I participate in the VCSP if I am currently under audit by the IRS?
A: No, you cannot participate in the VCSP if you are currently under audit by the IRS. You must have a clean audit history to be eligible.

Q: What should I do if I have questions about IRS Form 8952 or the VCSP?
A: If you have questions, you can contact the IRS directly or consult with a tax professional for guidance.