Are you one of millions of Americans who participate in the gig economy? If so, the IRS considers you an independent contractor. Essentially, you’re a solo business owner, which ushers in a unique set of tax rules and obligations. A recent post in the National Tax Advocate blog examines some of the essential tax issues and IRS forms with which every gig worker should be familiar. The post focuses on the relevant Form 1099 tax documents (Form 1099-NEC, Form 1099-K and Form 1099-MISC), explains what constitutes “income” and details what you need to include on your annual tax return regardless of whether you receive one of the 1099 forms. Read the blog post: https://bit.ly/3T1i2DC. Contact us with questions. © 2024
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