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:
12/30/2099
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