BizSugar.com › Taxes › Are Small Businesses Ready for Taxes Monitoring Gig Workers?

Are small businesses ready for taxes in the coming year?

The new 1.9 trillion-dollar Covid relief bill passed recently by congress includes Change to the IRS tax code that requires businesses to file 1099-K forms for anyone making more than $600 gross pay within a year.

This includes 3rd party sellers on Amazon and Etsy as well as Walmart, etc. This tax law has been around for a few years but now the IRS will be clamping down on it.