FedEx Newsroom

FedEx Newsroom

IRS Withdraws Tentative Assessment from FedEx

October 22, 2008

On October 22, 2008, the Internal Revenue Service (“IRS”) withdrew its tentative assessment of tax and penalties for the 2002 calendar year ($319 million plus interest) against FedEx Ground Package System, Inc. (“FedEx Ground”), a wholly owned subsidiary of FedEx Corporation, relating to the classification of FedEx Ground’s owner-operators for federal employment tax purposes. The IRS is continuing its employment tax audit of FedEx Ground for the 2002 calendar year. We are engaged in discussions with the IRS audit team regarding this matter. We continue to believe that FedEx Ground’s owner-operators are independent contractors and that no loss is probable in this matter.

You may also like:

October 19, 2016

FedEx Responds to Hurricane Matthew Aftermath

More like this in blog

More
May 6, 2011

FedEx Family Ties

More like this in Newsroom

More