FedEx: IRS drops tax penalty (The Indianapolis Star)

South Bend » FedEx Corp. said the Internal Revenue Service withdrew a preliminary finding that it owes back taxes for misclassifying drivers, bolstering the company’s assertion that the workers are contractors and not employees. The IRS is continuing a tax audit of the FedEx Ground unit for the 2002 calendar year, the Memphis, Tenn.-based company said Wednesday in a regulatory filing. The IRS …

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