Surgent's A Guide to Gig Economy Tax Issues
2.00 Credits
Member Price $99.00
Non-Member Price $134.00
Overview
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.
Objectives
- 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
Prerequisites
None
Preparation
None
Notice
You will receive an email from Surgent CPE with instructions to access this webinar.
Leader(s):
Leader Bios
Michael Tucker, Surgent McCoy CPE, LLC
MICHAEL J. TUCKER, CPA, MBA, J.D., LL.M., Ph.D. Mike is an employee of Surgent McCoy CPE, LLC. He authors materials and scripts for the monthly Edward Jones sponsored All Star Tax programs. Mike also writes materials for and conducts almost daily webinars on a variety of tax related topics. Mike works in the offices of T. M. Byxbee Company, CPAs, Mike’s duties at T.M. Byxbee Co. involve advising individual and business clients on a wide variety of transactional matters. Mike was formerly a professor of accounting at Quinnipiac University, in Hamden, CT, where he taught graduate and undergraduate law and tax programs. Mike received his J.D. from New York University and his LL.M. from Georgetown University Law Center. He is a CPA and received his Ph.D. from the University of Houston.
Non-Member Price $134.00
Member Price $99.00