by taxPRO Websites Staff | Jan 29, 2020 | Tax Tips and News
From Uber to AirBnB, Lyft to TaskRabbit, more Americans are getting involved in the gig economy. Whether their involvement is just a side hustle or the main event, taxpayers can find income earned in this way can affect their tax returns—and it’s not always in a...
by taxPRO Websites Staff | Jan 17, 2020 | Tax Tips and News
What is the Gig Economy Tax Center? Freelancers aren’t a new part of the workforce, but the rapid growth of contract labor has popularized terms like “gig economy” and “on-demand work.” To help taxpayers, the Internal Revenue Service unveiled a new online resource:...
by taxPRO Websites Staff | Jan 16, 2020 | Tax Tips and News
Updated January 15, 2020: We incorrectly listed the standard mileage rate for business use as 5 cents per mile. The Internal Revenue Service has set the optional standard mileage rates for 2020. These rates are used to figure the deductible costs of operating a...
by taxPRO Websites Staff | Jan 7, 2020 | Tax Tips and News
The Internal Revenue Service has confirmed that it will begin accepting and processing 2019 returns on January 27, opening the gates for millions of individual tax return filers. The deadline for filing and paying any tax due remains Wednesday, April 15. More than 150...
Patricia Parrilla Tax Services