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My wife and I have been thinking about preplanning our funerals now so our kids will not have to later, but we would...
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In IR–2021–97, the Internal Revenue Service reminded gig economy workers that they will need to file tax returns by May 17, 2021. The gig economy has grown rapidly in recent years. Millions of Americans drive cars for booked rides, deliver packages, rent real property, sell goods online, rent out equipment and provide creative or professional services. These individuals often are sought out by customers through a digital platform or website. The IRS has created a new Gig Economy Tax Center on IRS.gov to assist individuals in making appropriate payments for gig economy taxes. IRS Commissioner Chuck Rettig stated, "The IRS developed this online center to help taxpayers in this emerging segment of the economy. Whether renting out a spare bedroom or providing car rides, we want people to understand the rules so they can stay compliant with their taxes and avoid surprises down...
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Bill: "Every year I pay income tax. And when I pass away my estate will owe tax. But I was absolutely stunned today to...
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