Because so many questions regarding agency status occur in an employment tax context the Internal Revenue Service (IRS) has devised a five-prong test to determine an agent's status.
Correct Answer:
Verified
Q3: In addition to consent, the parties must
Q4: Agency is described as a fiduciary relationship
Q5: Agents are classified into one of three
Q6: An agent classified as an independent contractor
Q7: Courts look to state common law and
Q9: Only an agent may end the agency
Q10: One who agrees to act and is
Q11: The person from whom an agent has
Q12: An agency transaction ends when the agency
Q13: The Restatements define the creation of an
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