All About Business May 2020 Tax News

Updated Gig Economy webpage

We would like to remind you of the resources that are available regarding the gig economy or shared economy. Our Education and Outreach Team have made a concerted effort to find ways in which we could help get information out to those that are using gig economy platforms such as Uber, Lyft, Airbnb, Postmates, etc.

One very important tool that we created to help inform people about the gig economy was to publish and launch a gig economy webpage. We are pleased to announce that this webpage has been updated with new, important information and resources!

This page now includes links to the different information returns you may receive like the 1099-K, 1099-MISC, or a W-2. Information about estimated taxes, which forms to file, what records to keep, and payment options can also be found there. An exhaustive resources section is also included which contains many helpful links to filing information, useful publications, IRS information, and a link to our Tax News Live Video on YouTube. This video also discusses the gig economy and possible filing requirements. 

If you or your client is involved in or thinking about becoming involved in the gig economy, this site is a great resource for your information needs.