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I recently finished a continuing education class about the gig economy and found out some interesting statistics. Studies show that over 162 million working age people have side gigs. For 30% of those people, or 49 million people, it’s their primary means of making income. ...
Beginning in 2022, Third Party Payment Processors (TPPP) will be required to report any payments for goods and services in excess of $600 to the IRS. Thanks to a hidden provision passed in the American Rescue Act Plan, the previous threshold of $20,000 is going to be drastically reduced to...