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FedEx says IRS won't impose penalties for 2004-06
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NEW YORK - FedEx says the IRS will not impose tax penalties for 2004 through 2006 in the package delivery company's long-running battle over the classification of its FedEx Ground drivers as contractors instead of employees.
The IRS also recently withdrew its initial penalty of $319 million plus interest from an audit from 2002.
The company, based in Memphis, Tenn., said in a statement it may be audited for 2007 and 2008. But it doesn't think the IRS will assess tax penalties for those years, either.
FedEx has been sued in a number of states over its classification of drivers. Because they are labeled independent contractors, they don't get health insurance and other benefits afforded to employees.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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