You can't hide side hustles from the IRS anymore – here's what taxpayers need to know about reporting online payments for gig work
- Written by Erica Neuman, Assistant Professor of Accounting, University of Dayton
Dog-walking income is taxable.Robert Nickelsberg/Getty ImagesDo you rent out your home a few weekends a year through Airbnb? Sell stuff on Etsy? Get paid for pet-sitting? If you, like many Americans, make at least US$600 a year with a side hustle of any kind, the way you pay taxes may soon change.
New rules are going to make sure the Internal...