Tax time for the gig economy /

This case discusses the implications of the USD 600 taxable income reporting threshold required by the 2021 American Rescue Plan Act. The new law requires popular online platforms such as Etsy, eBay, StubHub, and AirBnB to report more user revenue to the IRS. Initially required for the 2022 tax year...

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Bibliographic Details
Main Authors:	Barsky, Noah P. (Author), Rhoades-Catanach, Shelley C. (Author)
Format:	eBook
Language:	English
Published:	London : SAGE Publications: SAGE Business Cases Originals, 2023.
Series:	SAGE business cases.
Subjects:	Gig economy > Case studies. Income tax > Case studies. Économie à la demande > Études de cas. Impôt sur le revenu > Études de cas. Gig economy Income tax Electronic books. Case studies
Online Access:	Connect to the full text of this electronic book

Description
Summary:	This case discusses the implications of the USD 600 taxable income reporting threshold required by the 2021 American Rescue Plan Act. The new law requires popular online platforms such as Etsy, eBay, StubHub, and AirBnB to report more user revenue to the IRS. Initially required for the 2022 tax year, implementation was deferred until 2023 to allow e-commerce sites, their users, and tax preparers additional time to prepare recordkeeping. Students are asked to consider what each "gig economy" stakeholder must do to best comply with the new reporting requirements.
Physical Description:	1 online resource.
ISBN:	9781071920084 1071920081