Gig Economy 201 – Understanding Taxes and Bookkeeping as a Gig Economy Worker
If you are a freelancer or gig economy worker, you probably have questions about how to keep records and pay taxes.
Did you know that you must report income earned from the gig economy on a tax return, even if the income is:
- Part-time, temporary, or side work,
- Not reported on an information return form (like a Form 1099-K, 1099-MISC, 1099-NEC, W-2), or other income statement, or
- Paid in any form, including cash, property, goods, or virtual currency?
This webinar will describe the importance of bookkeeping, what to track, what documents to keep, and how to prepare for tax season, for 1099 Contractors.
About the Presenter:
Lily Tran – TaxUSign
Lily Tran is the Founder of TaxUSign, a Washington State firm providing virtual tax help. Lily is licensed by the Internal Revenue Service as an Enrolled Agent (EA). She is also a Certified Tax Coach and NTPI Fellow.
As a Business Impact NW client, you are eligible to receive a 50-minute one-on-one Tax & Bookkeeping session with Lily for a discounted fee of $40. Book your session here: https://calendly.com/tax-coach
Funding provided by the Washington State Microenterprise Association (WSMA) thanks to a grant made by the Washington State Department of Commerce.
Please make sure you are also registered to attend Gig Economy 101 – Understanding