FedEx may have pay $320 million in back taxes

| 12/28/2007

FedEx Corp. may have to pay nearly $320 million in federal back taxes and penalties for classifying its delivery drivers as private contractors instead of employees in 2002.

Bloomberg reported that the IRS is also auditing FedEx for three other recent years and could assess back taxes on those years as well.

FedEx was in the news in recent days when the state of Massachusetts fined the company $190,000 dollars for allegedly misclassifying employees as contractors.

The delivery drivers in question are owner-operators, but in every other respect are treated as employees, right down to the uniform they wear and which hand they use to hold their clipboards.