Courses

Surgent's A Guide to Gig Economy Tax Issues

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Member Price: $99.00 Non-Member Price: $129.00

Date/Time:: Mar 27, 2025, 10:00am–12:00pm
Developer:: SURGENT MCCOY SELF-STUDY CPE, LLC
CPE Credits:: Taxes: 2.00
Fields of Study:: Taxes
Level:: Basic

The IRS defines the "gig economy" as people earning income providing on-demand work, services, or goods on either a part-time or full-time basis. The economic times we live in are changing and tax practitioners must learn how the rules apply in this new gig economy. The tax rules that apply to gig workers challenge traditional ideas of who is an employee and who is an independent contractor, and tax practitioners must have the knowledge to make this determination. This program addresses federal and state tax issues tax practitioners must address with clients and their own workers.

Objective

Understand and advise clients regarding the new tax issues that have arisen as a result of the growth of the gig economy

Highlights

Characteristics of a gig economy
Who is an employee and who is an independent contractor?
Form 1099-NEC and reporting of non-employee compensation
Reporting on Form 1099-K
Gig workers and the requirement to pay self-employment tax throughout the year
State tax implications of remote work for the business owner and workers
How remote work creates state tax nexus
Tax implications of employee telecommuting for the employer
The “convenience of the employer” rule
Drivers of both people and of meals or other products
Section 199A deduction
Implications of the Vizcaino case

Designed For

Tax practitioners advising clients who are participating in any aspect of the gig economy

Prerequisite

None

Advanced Preparation

None