Published 1/2023MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHzLanguage: English | Size: 499.29 MB | Duration: 0h 48m

Learn how to file gig work taxes by recognizing types of gig income and recognizing gig work expenses and deductions.

What you'll learn

By the end of this course you will be able to complete a tax return containing income from gig work with confidence

Learn the fundamentals of reporting income and what type of gig worker you are

Learn about what expenses you can claim and deduct

Learn about tax forms such as 1099-MISC, 1099-NEC, 1099-K and 1099-B

Learn about record keeping and what supporting documents you should keep

Learn about estimated tax payments and self-employment tax

Much more

Requirements

A willingness to learn about filing gig work taxes the easy way.

Description

This course is designed to help you, a self-employed independent gig worker, understand and meet your federal income tax filing obligations by recognizing types of gig income and learning what qualifies as gig work expenses and which of those gig work expenses you can deduct.You'll learn all the fundamentals of reporting and filing a tax return for gig work. You will also learn about all the deductions you can claim for expenses you paid while completing your gig work or deductions towards a part of your home you used solely for your gig work.You’ll learn how to detee what type of gig worker you are and you’ll learn about tax forms such as 1099-MISC, 1099-NEC, 1099-K and 1099-B, Schedule C and Schedule SE. You’ll also learn about record keeping and what supporting documents to keep to help verify your expenses and income.This course contains 51 lectures and almost 1 hour of content. It's gig worker taxes made easy and is designed for anyone, regardless of tax experience or level of tax understanding.By the end of this course, you'll have a good understanding of the IRS’s gig income filing definitions, rules and requirements, as well as a good understanding of qualifying gig work expenses and deductions.

Overview

Section 1: Introduction

Lecture 1 Introduction & Welcome

Lecture 2 About the Instructor

Lecture 3 Disclaimer & Course Purpose

Section 2: What is Gig Work?

Lecture 4 The Gig Economy

Lecture 5 Types of Digital Platforms

Section 3: Types of Gig Workers

Lecture 6 What Type of Gig Worker Are you?

Lecture 7 Independent Contractor ( Self-Employed)

Lecture 8 W2 Employee

Lecture 9 Misclassified Worker Status

Section 4: Reporting Gig Work

Lecture 10 Reporting Gig Income

Lecture 11 The Schedule C Form

Lecture 12 Self-Employment Tax

Section 5: Types of Gig Income

Lecture 13 Types of Gig Income

Lecture 14 1099-Misc Income

Lecture 15 1099-NEC Income

Lecture 16 1099-K Income

Lecture 17 1099-B Income

Lecture 18 Payments in Cash

Lecture 19 Payments with Virtual Currency

Lecture 20 Tip Income

Section 6: Gig Worker Expenses & Deductions

Lecture 21 Depreciation

Lecture 22 Section 179 Deduction

Lecture 23 Advertising & Marketing

Lecture 24 Auto Expenses

Lecture 25 Bank Fees / Business Insurance

Lecture 26 Sub-Contractors

Lecture 27 Commissions

Lecture 28 Computer & Tech Equipment / Dues & Memberships

Lecture 29 Equipment Rental / Gifts

Lecture 30 Event Costs

Lecture 31 Furniture & Decor

Lecture 32 Health Insurance Premiums

Lecture 33 Home Office Expenses

Lecture 34 Interest / Licenses & Pes

Lecture 35 Meals

Lecture 36 Merchant Processing Fees

Lecture 37 Photography & Videography Equipment

Lecture 38 Professional Fees / Office Supplies

Lecture 39 Software

Lecture 40 Professional Development

Lecture 41 Rent

Lecture 42 Repairs & Maintenance / Shipping & Postage

Lecture 43 Supplies

Lecture 44 Telephone, Cell Phone & Internet

Lecture 45 Travel

Lecture 46 Website Expenses

Section 7: Paying Estimated Taxes

Lecture 47 Estimated Tax Payments

Section 8: Keeping Records

Lecture 48 Recordkeeping

Section 9: Course Resource Links & Thank You!

Lecture 49 Course Resource Links

Section 10: Course Bibliography & Thank You!

Lecture 50 Bibliography

Lecture 51 Lecture 51- Thank You!

This course is for learners interested in knowing how to file a tax return containing gig work income.,This course if for learners interested in knowing what expenses and tax deductions can be claimed for gig work.

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