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Small business owners, independent contractors and gig workers soon will be getting 1099-K tax forms if they used any payment platform on which they had at least $5,000 in business transactions in ...
For the current tax year, freelancers and small business owners still only need to use 1099-K forms to report third-party app payments totaling $20,000, and any number of payments above 200.
For example, some gig workers may need to pay quarterly estimated taxes, per H&R Block. Knowing tax obligations ahead of time can help gig workers avoid costly mistakes.
Filing small business taxes for the first time (or any time, really) can feel daunting, but it doesn't have to totally ruin your month. While the Internal Revenue Service, or IRS, is going to want ...
In case you were wondering if your side gig income is taxable, the IRS sent out a little reminder this week that it is. In a June 27 memo on its website, the IRS said "earnings from gig economy ...
Instead, they need to make advance quarterly tax payments to the IRS if they owe more than $1,000 in taxes for the year. Read more: Tax tips for freelancers 2021: Smart ways to file taxes
In case you were wondering if your side gig income is taxable, the IRS wants you to know that it is. Find: GOBankingRates' Best Checking Accounts 2023Learn: 3 Ways Smart People Save Money When ...
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