Forbes

One Big Beautiful Bill Act Changes Form 1099 Reporting For Gig Workers And Those Who Use Payment Apps Like PayPal For Business

Form 1099-NEC is used to report non-employee income—those for independent contractors and gig workers. The reporting threshold for Form 1099-NEC will increase from $600 to $2,000, effective as of the ...
Forbes

House And Senate Propose Form 1099 Reporting Relief For Gig Workers And Those Who Use Payment Apps Like PayPal For Business

Starting in 2020, there was another yet change to Form 1099-MISC. The IRS brought back Form 1099-NEC, Nonemployee Compensation, to report payments of nonemployee compensation (NEC) previously reported ...
Orange County Register

Editorial: California Legislature should drop latest attack on gig workers

The point of gig work is independence. You set your own hours. It can be a full-time job, or part-time to pay for unexpected bills. It also means avoiding the rigid structure and rules of jobs ...
Hosted on MSN

Want to Start a Business? Maybe Begin by Being a Gig Worker.

Gig work could offer an often-overlooked path to starting a successful business. According to a recent study of U.S. tax records from 2012 to 2021, 2.5% of gig workers created a new company, compared ...