What you'll learn
By the end of this course you will be able to complete a tax return containing income from gig work with confidence
Learn the fundamentals of reporting income and what type of gig worker you are
Learn about what expenses you can claim and deduct
Learn about tax forms such as 1099-MISC, 1099-NEC, 1099-K and 1099-B
Learn about record keeping and what supporting documents you should keep
Learn about estimated tax payments and self-employment tax
Much more
Requirements
A willingness to learn about filing gig work taxes the easy way.
Description
This course is designed to help you, a self-employed independent gig worker, understand and meet your federal income tax filing obligations by recognizing types of gig income and learning what qualifies as gig work expenses and which of those gig work expenses you can deduct.You'll learn all the fundamentals of reporting and filing a tax return for gig work. You will also learn about all the deductions you can claim for expenses you paid while completing your gig work or deductions towards a part of your home you used solely for your gig work.You'll learn how to determine what type of gig worker you are and you'll learn about tax forms such as 1099-MISC, 1099-NEC, 1099-K and 1099-B, Schedule C and Schedule SE. You'll also learn about record keeping and what supporting documents to keep to help verify your expenses and income.This course contains 51 lectures and almost 1 hour of content. It's gig worker taxes made easy and is designed for anyone, regardless of tax experience or level of tax understanding.By the end of this course, you'll have a good understanding of the IRS's gig income filing definitions, rules and requirements, as well as a good understanding of qualifying gig work expenses and deductions.
Overview
Section 1: Introduction
Lecture 1 Introduction & Welcome
Lecture 2 About the Instructor
Lecture 3 Disclaimer & Course Purpose
Section 2: What is Gig Work?
Lecture 4 The Gig Economy
Lecture 5 Types of Digital Platforms
Section 3: Types of Gig Workers
Lecture 6 What Type of Gig Worker Are you?
Lecture 7 Independent Contractor ( Self-Employed)
Lecture 8 W2 Employee
Lecture 9 Misclassified Worker Status
Section 4: Reporting Gig Work
Lecture 10 Reporting Gig Income
Lecture 11 The Schedule C Form
Lecture 12 Self-Employment Tax
Section 5: Types of Gig Income
Lecture 13 Types of Gig Income
Lecture 14 1099-Misc Income
Lecture 15 1099-NEC Income
Lecture 16 1099-K Income
Lecture 17 1099-B Income
Lecture 18 Payments in Cash
Lecture 19 Payments with Virtual Currency
Lecture 20 Tip Income
Section 6: Gig Worker Expenses & Deductions
Lecture 21 Depreciation
Lecture 22 Section 179 Deduction
Lecture 23 Advertising & Marketing
Lecture 24 Auto Expenses
Lecture 25 Bank Fees / Business Insurance
Lecture 26 Sub-Contractors
Lecture 27 Commissions
Lecture 28 Computer & Tech Equipment / Dues & Memberships
Lecture 29 Equipment Rental / Gifts
Lecture 30 Event Costs
Lecture 31 Furniture & Decor
Lecture 32 Health Insurance Premiums
Lecture 33 Home Office Expenses
Lecture 34 Interest / Licenses & Permits
Lecture 35 Meals
Lecture 36 Merchant Processing Fees
Lecture 37 Photography & Videography Equipment
Lecture 38 Professional Fees / Office Supplies
Lecture 39 Software
Lecture 40 Professional Development
Lecture 41 Rent
Lecture 42 Repairs & Maintenance / Shipping & Postage
Lecture 43 Supplies
Lecture 44 Telephone, Cell Phone & Internet
Lecture 45 Travel
Lecture 46 Website Expenses
Section 7: Paying Estimated Taxes
Lecture 47 Estimated Tax Payments
Section 8: Keeping Records
Lecture 48 Recordkeeping
Section 9: Course Resource Links & Thank You!
Lecture 49 Course Resource Links
Section 10: Course Bibliography & Thank You!
Lecture 50 Bibliography
Lecture 51 Lecture 51- Thank You!
This course is for learners interested in knowing how to file a tax return containing gig work income.,This course if for learners interested in knowing what expenses and tax deductions can be claimed for gig work.


Homepage

https://www.udemy.com/course/taxesmadeeasy2022gigworkfilingexpensesanddeductions/