The U.S. IRS has issued guidance on the requirement to report gig economy income in individual income tax returns. --- Taxpayers must report gig economy income on their tax return COVID Tax Tip 2021-21, February 18, 2021 In 2020, many people joined the gig economy to help make ends meet during the pandemic. Whether it's a side business or a primary source of income, all taxpayers need to understand how their gig work affects their taxes. The bottom line is taxpayers must report gig economy income on their tax return. Here's a quick overview of the gig economy: The gig...