IRS Sex workers taxes

Gig Economy Tax

What is the Gig Economy?
The gig economy—also called sharing economy or access economy—is activity where people earn income providing on-demand work, services or goods. Often, it’s through a digital platform like an app or website.

Gig Economy Income is Taxable
You must report income earned from the gig economy on a tax return, even if the income is:

From part-time, temporary or side work
Not reported on an information return form—like a Form 1099-K, 1099-MISC, W-2 or other income statement
Paid in any form, including cash, property, goods, or virtual currency

What to Do
Gig Workers
Find forms, keep records, deduct expenses, file and pay taxes for your gig work.

Here is a spreadsheet we created for you to track income and expenses:

Expenses Spreadsheet

Digital Platforms and Businesses
Classify workers, report payments, pay and file taxes for a digital marketplace or business.

What is Gig Work?
Gig work is certain activity you do to earn income, often through an app or website (digital platform), like:

Drive a car for booked rides or deliveries
Rent out property or part of it
Run errands or complete tasks
Sell goods online:
IWC, AVN, Night flirt etc
Rent equipment
Provide creative or professional services
Provide other temporary, on-demand or freelance work
Note: This list does not include all types of gig work.

What are Digital Platforms?
Digital platforms are businesses that match workers’ services or goods with customers via apps or websites. This includes businesses that provide access to:

Ridesharing services
Delivery services
Crafts and handmade item marketplaces
On-demand labor and repair services
Property and space rentals
Note: This list does not include all types of digital platforms.