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IRS Signals a Coming Crackdown on Gig Workers (gizmodo.com)

submitted 1 day ago by minyaen@lemmy.ml to c/general@lemmy.world

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The ole saying... Oh Ben Franklin how you have aged so well

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[–] SoupBrick@yiffit.net 15 points 1 day ago (1 children)

Previously, gig platforms only had to report information to the IRS for workers who earned more than $20,000 and completed at least 200 transactions. The new thresholds are designed to make it harder for gig workers to avoid paying taxes on their income.

“Like their fellow Americans who earn income through traditional means, U.S. taxpayers who earn income from digital and other platforms that comprise the gig economy need to pay their fair share of taxes,” IRS Commissioner Danny Werfel said in a statement. “The world is getting smaller for tax cheats, and we will work collaboratively with our partners to vigorously enforce the nation’s tax laws.”