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Growing U.S. Gig Workforce Exposes Outdated Tax System

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Manage episode 235048533 series 1461619
Content provided by Bloomberg Tax. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Bloomberg Tax or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

American workers are cashing in on their side hustle, picking up small jobs through Task Rabbit, driving for Lyft, or selling jewelry on Etsy. But they owe taxes on that work. And many of these self-employed workers are under-reporting their income to the IRS. It’s contributing to an estimated $450 billion tax gap.

Annette Nellen, who directs the graduate tax program at San Jose State University, spoke with Bloomberg Tax reporter Amanda Iacone about how the gig economy is changing the tax landscape and the challenges facing both workers and preparers.

  continue reading

335 episodes

Artwork
iconShare
 
Manage episode 235048533 series 1461619
Content provided by Bloomberg Tax. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Bloomberg Tax or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

American workers are cashing in on their side hustle, picking up small jobs through Task Rabbit, driving for Lyft, or selling jewelry on Etsy. But they owe taxes on that work. And many of these self-employed workers are under-reporting their income to the IRS. It’s contributing to an estimated $450 billion tax gap.

Annette Nellen, who directs the graduate tax program at San Jose State University, spoke with Bloomberg Tax reporter Amanda Iacone about how the gig economy is changing the tax landscape and the challenges facing both workers and preparers.

  continue reading

335 episodes

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