FedEx (FDX)

FedEx said in a regulatory filing Friday with the Securities and Exchange Commission that the company was notified that the Internal Revenue Service was dropping its investigation into whether the company should have paid employment tax for the drivers of FedEx Ground service in 2002, a Moon-based subsidiary that the company runs using drivers it classifies as independent contractors.
The IRS is still auditing whether the those taxes should have been paid in 2004 through 2008. The IRS inquiry is one of a number of legal challenges facing the company regarding the company's use of independent contractors.

Nov 5 · 12:30:00 PM · Source: Pittsburgh Post Gazette
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by Michael Oliveto