News & Analysis as of

Reporting Requirements American Rescue Plan Act of 2021 Gig Economy

Allen Barron, Inc.

"Selling Items Online? Is the IRS Watching?"

Allen Barron, Inc. on

Are you selling items online or receiving payment for goods and/or services on platforms such as PayPal, Venmo, eBay, Zelle, Etsy, or Cash App? Online platforms are the preferred method of shopping for most Americans. These...more

Foodman CPAs & Advisors

1099-K: Will Small Businesses Be Ready For The New Form?

As a result of the American Rescue Plan Act of 2021, effective for Tax Returns for the Calendar year 2022, small business that accept payment cards as a form of payment will receive a Form 1099-K for the gross amount of the...more

Fisher Phillips

New Stimulus Package Creates New Tax Reporting Requirements for Gig Economy Businesses

Fisher Phillips on

Gig economy businesses might be unaware of a new requirement in the latest American Rescue Plan stimulus package that is designed to help workers keep track of and correctly pay their taxes each year. The new requirement is...more

Gould + Ratner LLP

The Latest COVID-19 Stimulus: Highlights of Key Tax Provisions in the American Rescue Plan Act of 2021

Gould + Ratner LLP on

The American Rescue Plan Act of 2021 (ARPA, 2021) was signed by President Biden on March 11, 2021 to address the continuing economic impact on employers and employees the coronavirus (COVID-19) pandemic has posed. The ARPA...more

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