Business news for Sat, 22 Dec 2007 & with words fedex+independent. 4 news.

The Internal Revenue Service orders FedEx Corp. to pay back taxes and fines totaling $319 million for ground employees the firm misclassified as independent contractors.

FedEx was ordered to pay $319 million in taxes and fines after the IRS determined that its independent contractors in 2002 were employees.

Reuters - Fedex Corp said on Friday that the U.S. Internal Revenue Service found that its FedEx Ground independent contractors should be reclassified as employees for tax purposes and that the company faced related taxes and penalties of more than $319 million for 2002.

LOS ANGELES (Reuters) - Fedex Corp said on Friday that the U.S. Internal Revenue Service found that its FedEx Ground independent contractors should be reclassified as employees for tax purposes and that the company faced related taxes and penalties of more than $319 million for 2002.