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Form 1099K New Law Lowers Filing Threshold What Does It Mean to Your Clients? Larry L Gray, CPA, CGMA National Association of Tax Professionals Rev 6/27/2023What We Will Cover 1Overview2Know the law31099K

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What is gig workers need to?

Gig workers need to report their income accurately and file taxes appropriately according to their earnings.

Who is required to file gig workers need to?

Gig workers who earn income from freelance jobs or short-term contracts are required to file their taxes.

How to fill out gig workers need to?

Gig workers can fill out their tax forms by gathering their earnings, using the appropriate tax form like Schedule C, and reporting the income along with any eligible deductions.

What is the purpose of gig workers need to?

The purpose is to ensure that gig workers pay taxes on their earnings and comply with tax regulations.

What information must be reported on gig workers need to?

Gig workers must report their total income earned from gig work and any deductions related to business expenses.

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