The Internal Revenue Service is offering a break to employers who come clean about wrongly classifying workers as independent contractors to avoid paying federal payroll taxes, the agency announced Wednesday.

Another retirement rescue ensues in Washington this week. This time, Congress hopes to not only help the appalling savings deficit, but relieve part of the nations debt crisis in the process. Kind of a two-for-one deal.

Small employers face two tax filing deadlines in the coming weeks in order to take advantage of tax credits offered under health care reform.

The federal COBRA subsidy's last group of recipients those who began receiving assistance in May 2010 roll off Sept 1. As a result, they face a 186 percent increase in their monthly premiums.