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What is l o ia v?

LOIAV stands for Letter of Intent to Apply for Voluntary Classification Settlement Program.

Who is required to file l o ia v?

Employers who wish to voluntarily reclassify their workers as employees instead of independent contractors are required to file LOIAV.

How to fill out l o ia v?

LOIAV can be filled out online through the Voluntary Classification Settlement Program website or by submitting a paper form to the IRS.

What is the purpose of l o ia v?

The purpose of LOIAV is for employers to voluntarily reclassify their workers in order to avoid potential penalties for misclassification.

What information must be reported on l o ia v?

LOIAV requires information about the employer, the workers being reclassified, the reasons for reclassification, and the payment of any owed taxes.

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