Thursday June 30, 2022 – Taxpayers can subscribe to IRS “Tax Tips to get easy-to-read tips about taxes via e-mail from the IRS throughout the year.” Tax Tips are brief, to the point and cover a wide-range of topics.
A recent tax tip email titled “Here are some things gig economy workers should know about their tax responsibilities.” altering gig workers to their tax obligations.
Remember, the gig economy is a key sector the IRS is targeting as “cheaters.” So, the IRS reminds them – “Gig work is taxable” Suggests that gig workers should make sure they are properly classified as independent contractors, rather than employees. And, directs them to make estimated payments throughout the year to avoid penalties.
Attorney Leahy reviews the IRS Tax tips, so you don’t have to on Today’s Tax Talk.