Tax Resolution Attorney John P. Willis Provides Important Tax News For Contract Workers In The Gig Economy.
Tax resolution attorney John Willis, CEO and founder of IRSALLSTAR writes about the amended tax code that requires platform companies to tell their contract workers how much money they make annually, and the tax requirements for self-employed businesses.
Fairhope, AL, March 23, 2021: Tax Attorney John Willis, CEO and founder of IRSALLSTAR.com, recently published a blog on his website entitled “The Gig Could Be Up For Some Gig Workers,” in which Mr. Willis encourages gig workers to get ahead of the curve.
Willis writes, “The gig economy may soon lose its appeal for some gig workers as soon as they get wind that the IRS is out to dig deeper into their earnings.” He elaborates. “A new bill has amended the tax code to require Uber, Lyft and other platform companies to tell their contract workers how much money they have made annually. The new law goes into effect with the 2022 tax year. Up until then,” he explains, “platform companies only have to report the incomes of contract workers with a very large number of transactions and earnings of $20,000 or more. But the new law requires those companies to send contract workers forms if their gross income exceeds $600 annually.”
The entire blog can be read at: http://www.irsallstar.com/blog/the-gig-could-be-up-for-some-gig-workers.php
ABOUT JOHN WILLIS
Mr. Willis believes strongly in supporting and representing the “underdog” and has devoted his entire professional life to protecting and defending those who need it most. As an attorney, Mr. Willis takes his role as “counselor” seriously. His knowledge, creativity and persistence are valuable assets that provide substantial benefits to his clients. He has represented individuals and businesses across the Gulf Coast for over 21 years and, he brings together an abundance of skills and experience that can be of assistance to almost anyone.
ABOUT THE IRSALLSTAR TEAM
The IRSALLSTAR team has developed a winning formula to ensure that each client’s individual needs are specifically met. Upon becoming a client of Mr. Willis’ law firm, that client’s immediate needs are assessed, and long-term goals are defined. Experienced professionals on the IRSALLSTAR team then assist each client in developing and implementing a custom-tailored game plan to provide both short-term and long-term relief from his or her serious tax problems. All firm clients are continually coached toward successful tax resolution and final victory over their challenges with the IRS and state taxing authorities. The entire blog can be found at http://www.irsallstar.com/blog/irs-tax-controversy-even-death-cant-stop-the-irs.php
To learn more about Mr. Willis and his law firm please visit http://www.IRSALLSTAR.com or call toll-free 877-254-4254.