Category
Economy
Why Independent Service Providers Will Out-Earn Full-Time Employees in the Future of Work
Future of work trends show independent service providers and freelancers are poised to out-earn full-time employees. Learn why, see the data, and discover how to build scalable income streams.
Gen Z Leaders: Catalysts for American Dynamism and Capitalism 2.0
Explore how Gen Z leaders like Mikaila Ulmer and Moziah Bridges are revolutionizing American dynamism, Capitalism 2.0, and family values.
Tax Reporting for Gig Economy Income | IRS Forms Overview
Overview of tax forms required for independent contractors and self-employed individuals. It explains the use of forms 1099-MISC, 1099-NEC, and 1099-K, detailing the types of payments each covers. Note personal payments from family and friends.
Gig Worker Taxation in California: Key Information
Income from gig economy activities is generally taxable and should be reported on IRS Schedule C and FTB Form 540. Gig workers in California are classified as independent contractors if certain conditions are met. It's important to keep good records and make timely estimated tax payments to avoid penalties.