EP 55: There are new tax rules for 2022 gig workers collecting income through payment settlement entities (PSEs) and third-party network transactions such as Paypal, Venmo, and Zelle. The threshold for income reporting has dropped substantially, which will have a ripple effect on freelancers, odd jobs and selling used items. In this episode, I'll break down my first impressions on the 1099-K and its impact on gig-workers.
https://www.irs.gov/businesses/understanding-your-form-1099-k
https://news.bloombergtax.com/tax-insights-and-commentary/new-form-1099-reporting-coming-in-2022
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