IRS SS-8 Against Five Brothers Formally Investigated

We have been keeping tabs on Joe Badalamenti, owner of Five Brothers with respect to the filing of an Internal Revenue Service Form SS-8 which is a formal determination of whether or not a Company is inappropriately classifying a person as an Independent Contractor as opposed to an employee. This is a common tactic used, in my opinion, by all Members of the National Association of Mortgage Field Services.

SS-8

So, this is the first of many salvos which we are going to cover here on Foreclosurepedia. Here is the reality: In the same way that the Property Preservation Industry feels that it is able to overwhelm Contractors and defraud them, I believe that in numbers Contractors will be capable of bankrupting the Industry with an Initial Surge of litigation and filings across the spectrum.

More on this as the Story Progresses.

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