Being a Tax Aware Gig Economy Worker (Currently Unavailable)

Author: Annette Nellen

CPE Credit:  1 hour for CPAs

Earning money in the gig economy is sweet! Earning money though means taxes to pay. And generally, gig workers are contractors rather than employees so face different responsibilities. Sounds like a headache! But knowing what taxes might be owed to the IRS, your state and even cities, reduces the chances of errors and missed opportunities. Recordkeeping, planning and awareness are key. This one-hour webinar reviews tax rules and issues for gig workers and offers suggestions on how to survive and thrive while avoiding tax problems.

Join Annette Nellen, J.D., CPA, as she explains the gig economy and related tax questions at a layperson's level. This program will be perfect for your clients who are driving for Uber or Lyft or doing other gig economy jobs. Use it as an opportunity to invite them to your office and help them learn what the tax pitfalls and opportunities are for those who are self-employed in these new types of jobs. Uber and Lyft are creating many self-employed people who have never experienced the tax compliance issues such jobs entail. This course is perfect for helping them understand.

Note: This course does not contain audio.

Publication Date: August 2017

Designed For
Anyone interested in learning more about how Uber, Lyft, Task Rabbit and other gig economy jobs affect the tax situation of the individuals involved.

Topics Covered

  • Contractor versus employee
  • Income taxes and more
  • Common expenses?
  • Recordkeeping
  • Traps to avoid
  • Who can help you

Learning Objectives

  • Describe the gig economy
  • Explain self-employment tax issues
  • Identify characteristics of a sole proprietor
  • Differentiate tax obligations
  • Recognize which boxes on Form 1099-MISC includes nonemployee compensation
  • Identify characteristics of an employee vs. a sole proprietor
  • Recognize when a contractor should be issued a Form 1099-MISC
  • Describe when an activity is a business instead of a hobby
  • Differentiate proper statements with respect to business deductions
  • Identify how often estimated self-employment taxes should be paid to avoid penalties


Instructional Method

NASBA Field of Study
Taxes (1 hour)

Program Prerequisites

Advance Preparation

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