EVENT DESCRIPTION
The GIG economy is here to stay; drivers, deliveries, short term rentals, home rental, side-services such as pet sitting, food trucks, remote office work, handyman, on-line sales, etc. Accurate compliance reporting for this side income is critical and unique IRS rules and regs for auto expense, travel, home office, shared rentals, etc. will save tax dollars too. We'll also discuss new Form 1099-K filing requirements and how this may affect our clients.
EVENT OBJECTIVE
• 1. Learn filing requirements for different GIG Economy income; rentals, driving & delivery, on-line sales, etc.
• 2. Understand specific expenses related to the GIG economy, auto expenses, home rental, & more.
• 3. Develop strategies for working with clients to report their GIG economy income.
• 4. Review the latest Form 1099-K guidance and how it affects taxpayers receiving the form, including non-taxable Form 1099-K income.
