Tax Issues for the Gig Economy
Author: Barbara Weltman
| CPE Credit: |
1 hour for CPAs
1 hour Federal Tax Related for OTRPs
1 hour Federal Tax Law for CTEC |
This course will provide you with an overview of key tax issues facing those in the gig economy, including recent tax developments and highlights practice tips and techniques to help you serve your clients. The course covers tax issues for those who are working in the gig economy and those renting out equipment, vehicles, realty, and other property in the sharing economy.
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2029 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
Publication Date: April 2026
Topics Covered
- Overview of the Gig Economy
- General Business Deductions for Service Workers
- Unique and Personal Deductions for Service Workers
- Handling Estimated Taxes
- Renting Out Property
Learning Objectives
- Describe the differences in worker classification for the IRS versus other federal agencies and states
- Describe where to report income and expenses earned in the gig economy
- Identify common business deductions for gig workers
- List personal deductions for gig workers based on their business activities
- Recognize how to explain self-employment tax on gig economy earnings
- Describe the challenges and solutions for paying estimated taxes by gig workers
- Explain the meaning of the “sharing economy”
- Describe the limitations on deducting rental losses
Level
Overview
Instructional Method
Self-Study
NASBA Field of Study
Taxes (1 hour)
Program Prerequisites
None
Advance Preparation
None
