Part 1: Tax Issues Associated With the Gig Economy

$79.00

The gig economy has become a significant source of employment in the United States. This two-part course intends to provide an overview of income tax implications for the gig economy.

  • Part I, Tax Issues Associated With the Gig Economy, starts with an introduction to the trends and development of the gig economy, followed by detailed discussions on tax issues associated with the gig economy.
  • Part II, Tax Compliance and Planning for Gig Workers, provides details on tax compliance issues and a variety of tax planning strategies applicable to gig workers.
Impact of the Tax Cut and Jobs Act (TCJA) on various issues are also discussed throughout the course.

Field of Study:
Taxes
Instructor(s):
Susie (Qi) Duong, PhD
Credit(s):
4.50
Course Format:
On Demand
Qualifies For:
IRS
Prerequisites:

None

Course ID:
10387/11415
Delivery Method:
Audio
Knowledge Level:
Basic
Advanced Preparation:

None

Publication Date:
03/03/2020
Planned Expiration:
02/27/2021
IRS Approved:
Yes
Provider:
Becker Professional Education
IRS Approved Program
Learning Objectives:

After completing this course, the learner should be able to:

  • Identify the characteristics of the gig economy as well as its trends and development
  • Recognize the taxability of various types of income for gig workers
  • Identify deductible expenses and nondeductible expenses associated with gig work
  • Identify general rules for depreciation as well as different depreciation methods and special requirements
  • Recognize deduction requirements for travel, transportation and car expenses
  • Identify tax treatment for home office use
  • Identify the requirements for the qualified business income (QBI) deduction
  • Recognize tax rules for reporting income and expenses from rental real estate activities and royalties
Topic:
Tax
Lifecycle:
Premium

Course Instructors

Susie (Qi) Duong, PhD

<p>Dr. Duong is an Accounting Subject Matter Expert for Becker Professional Education. Her professional background includes working in academia as well as in the accounting industry. She started her career working for EY as a senior associate focusing on interim, final and IPO audit of corporations in non-financial sectors such as manufacturing, utility, transportation, construction, services and so on. When working in academia, she taught both undergraduate-level and graduate-level accounting courses including Financial Accounting, Managerial Accounting and Financial Valuation at the University of Michigan, the University of North Carolina at Chapel Hill and National University of Singapore. Her academic research focuses on financial reporting issues in the banking industry and the use of accounting information in small business lending and debt contracting. Dr. Duong also owns a firm that provides tax compliance, research and consulting services. She holds a PhD in Accounting from the University of North Carolina at Chapel Hill, an M.Phil (Master of Philosophy) in Accounting from the University of Hong Kong and a BA in Accounting from Fudan University. She is also a CPA, CMA, CIA and an EA.</p>

Part 1: Tax Issues Associated With the Gig Economy

$79.00

The gig economy has become a significant source of employment in the United States. This two-part course intends to provide an overview of income tax implications for the gig economy.

  • Part I, Tax Issues Associated With the Gig Economy, starts with an introduction to the trends and development of the gig economy, followed by detailed discussions on tax issues associated with the gig economy.
  • Part II, Tax Compliance and Planning for Gig Workers, provides details on tax compliance issues and a variety of tax planning strategies applicable to gig workers.
Impact of the Tax Cut and Jobs Act (TCJA) on various issues are also discussed throughout the course.

National Registry of CPE Sponsors

A Becker Professional Education is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org

Becker Professional Education Sponsor I.D. Numbers NASBA: 107294, New York: 002087, New Jersey: 20CE00226700, Texas: 009580, Ohio: CPE.186, Illinois 158.002405, Pennsylvania: PX177823