The U.S. IRS has issued guidance on the requirement to report gig economy income in individual income tax returns.
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Taxpayers must report gig economy income on their tax return
COVID Tax Tip 2021-21, February 18, 2021
In 2020, many people joined the gig economy to help make ends meet during the pandemic. Whether it's a side business or a primary source of income, all taxpayers need to understand how their gig work affects their taxes. The bottom line is taxpayers must report gig econo…