Under the VCSP, an employer agrees to prospectively reclassify workers as employees for future tax periods.

FORBES: Employers Beware of IRS' Illusory Worker Classification Program

The IRS Voluntary Classification Settlement Program (VCSP) involves voluntarily converting your contractors to employees for the future.

FORBES: IRS Expands Independent Contractor Amnesty

In addition, as part of the VCSP program, taxpayer will agree to extend the period of limitations on assessment of employment taxes for three years for the first, second and third calendar years beginning after the date on which the taxpayer has agreed under the VCSP closing agreement to begin treating the workers as employees.

FORBES: New IRS Worker Reclassification Program