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LabCorp has been criticized for its hospital laboratory management acquisitions, whereby employees are terminated by their hospital employer, and made to reapply with LabCorp, thereby losing accrued benefits. Since many healthcare systems are non-profit, this impacts employee eligibility for Public Service Loan Forgiveness (PSLF).
In 1961, the company changed its name to Automatic Data Processing, Inc. (ADP), and began using punched card machines, check printing machines, and mainframe computers. ADP went public in 1961 with 300 clients, 125 employees, and revenues of approximately US$400,000. [3] The company established a subsidiary in the United Kingdom in 1965.
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The Internal Revenue Service ( IRS) is the revenue service for the United States federal government, which is responsible for collecting U.S. federal taxes and administering the Internal Revenue Code, the main body of the federal statutory tax law. It is an agency of the Department of the Treasury and led by the Commissioner of Internal Revenue ...