‘New Years’ Nightmare’: IRS Targets Gig Workers, Sends 30 Million New Tax Forms
By Naveen Athrappully A new IRS tax on gig workers would result in additional documentation that will create confusion among individual taxpayers as the agency does not have “centralized leadership” to deal with the expansion, according to a watchdog. Starting this year, a new IRS rule required that third-party payment networks like PayPal, Venmo, Amazon, and Square issue Form 1099-K when a user…
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