Tax Aware Gig Economy Worker for the Tax Practitioner (Completed)

The number of gig or freelance workers is increasing. This group includes workers using web platforms to find customers in need of the services they can offer and others hired as contractors by various companies. This webinar reviews the rules relevant to freelancers and suggestions for how tax professionals can help these individuals have tax and business success. Topics covered include worker classification, hobby versus business rules, common expenses, recordkeeping, state and local tax considerations, and due diligence measures for tax advisers helping these workers.

Who Should Attend
Practitioners seeking better understanding of rules relevant to gig workers and assisting them with tax compliance and planning.

Topics Covered

• Worker classification
• Reconciling any 1099-K and 1099-MISC forms received
• Common expenses
• Recordkeeping
• Traps to avoid
• Due diligence considerations

Learning Objectives

• Identify and explain the tax rules relevant to gig workers
• Recognize and apply tax due diligence steps to assist these workers

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None