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Ponci Allen, MBA

This course is designed to help you, a self-employed independent gig worker, understand and meet your federal income tax filing obligations by recognizing types of gig income and learning what qualifies as gig work expenses and which of those gig work expenses you can deduct.

You'll learn all the fundamentals of reporting and filing a tax return for gig work. You will also learn about all the deductions you can claim for expenses you paid while completing your gig work or deductions towards a part of your home you used solely for your gig work.

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This course is designed to help you, a self-employed independent gig worker, understand and meet your federal income tax filing obligations by recognizing types of gig income and learning what qualifies as gig work expenses and which of those gig work expenses you can deduct.

You'll learn all the fundamentals of reporting and filing a tax return for gig work. You will also learn about all the deductions you can claim for expenses you paid while completing your gig work or deductions towards a part of your home you used solely for your gig work.

You’ll learn how to determine what type of gig worker you are and you’ll learn about tax forms such as 1099- You’ll also learn about record keeping and what supporting documents to keep to help verify your expenses and income.

This course contains  51 lectures and almost 1 hour of content. It's gig worker taxes made easy and is designed for anyone, regardless of tax experience or level of tax understanding.

By the end of this course, you'll have a good understanding of the IRS’s gig income filing definitions, rules and requirements, as well as a good understanding of qualifying gig work expenses and deductions.

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What's inside

Learning objectives

  • By the end of this course you will be able to complete a tax return containing income from gig work with confidence
  • Learn the fundamentals of reporting income and what type of gig worker you are
  • Learn about what expenses you can claim and deduct
  • Learn about tax forms such as 1099-misc, 1099-nec, 1099-k and 1099-b
  • Learn about record keeping and what supporting documents you should keep
  • Learn about estimated tax payments and self-employment tax
  • Much more

Syllabus

Introduction
Introduction & Welcome
About the Instructor
Disclaimer & Course Purpose
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Traffic lights

Read about what's good
what should give you pause
and possible dealbreakers
Breaks down complex tax concepts into understandable segments, which is helpful for those new to self-employment taxes
Covers various types of gig income, including 1099-MISC, 1099-NEC, 1099-K, and 1099-B, which helps learners identify their specific reporting requirements
Explores a wide range of deductible expenses, such as home office, auto, and advertising, which can significantly reduce taxable income
Discusses the importance of record keeping and provides guidance on what supporting documents to retain, which is essential for accurate tax filing
Includes information on estimated tax payments and self-employment tax, which are crucial for avoiding penalties and ensuring compliance
Requires learners to independently determine their worker classification (independent contractor vs W2 employee), which may require additional research

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Reviews summary

Essential tax guide for gig workers

According to students, this course offers a clear and easy to understand approach to filing taxes for gig workers, effectively making a complex topic feel less daunting. Many learners found the content highly practical and immediately applicable to their self-employment needs, particularly appreciating the detailed guidance on expenses and deductions. The instructor is frequently noted as being knowledgeable and clear, and the lectures are valued for being concise and focused, making the material easy to digest. While widely seen as an excellent overview and great for beginners, a few reviewers noted that individuals with very complex tax situations or significant prior tax knowledge might find the coverage a bit too basic.
Serves as a solid introduction to the topic.
"Great starting point if you're new to filing gig work taxes."
"Provides a good basic understanding for someone unfamiliar."
"An excellent overview of the topic for my first time filing."
"If you have some tax knowledge, it might be too basic for you."
Short length covers key points effectively and quickly.
"Appreciated the short, focused lectures; easy to fit in."
"Doesn't waste time, gets straight to the point on taxes."
"Perfect length for busy gig workers who need quick info."
"Bite-sized information is easy to digest and remember."
Instructor explains concepts clearly and effectively.
"Instructor explains things very well, easy to stay engaged."
"The presenter is very clear and concise in their delivery."
"Instructor is knowledgeable and easy to listen to throughout."
"Engaging and clear instruction made learning enjoyable."
Helpful details on claiming business expenses.
"Loved the section on home office deductions; very clear."
"Really clarified what expenses I can claim legally."
"The expense breakdown in the course was very helpful for my filing."
"Learned a lot about valid deductions I didn't know about."
Information is directly applicable to self-employment.
"Immediately applicable to my freelance income situation."
"Helped me figure out my specific tax situation as a gig worker."
"Very useful for anyone doing gig work and needing tax help."
"Provides actionable steps for filing my taxes correctly."
Complex tax topics made simple and understandable.
"Makes filing gig work taxes seem less daunting now."
"Simplified complicated tax concepts that I struggled with."
"I finally understand Schedule C after this course!"
"Explains everything in plain language, easy to follow."
May not cover highly complex or advanced tax scenarios.
"Might be too basic for those with complex tax situations."
"Could benefit from more advanced scenarios or specific cases."
"A good introduction, but not exhaustive for every tax query."
"Felt it could go a bit deeper on certain topics covered."

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Taxes Made Easy-Gig Work Filing, Expenses & Deductions with these activities:
Review Basic Accounting Principles
Reviewing basic accounting principles will help you understand how income and expenses are categorized and reported on Schedule C, which is crucial for gig work tax filing.
Browse courses on Schedule C
Show steps
  • Review the accounting equation.
  • Study the differences between assets, liabilities, and equity.
  • Practice creating a simple income statement.
Read "Tax Guide for Gig Workers"
Reading a tax guide specifically for gig workers will provide a broader understanding of tax obligations and potential deductions.
Show steps
  • Obtain a copy of the book.
  • Read the chapters on income reporting and deductions.
  • Take notes on key concepts and examples.
Create a Spreadsheet for Tracking Income and Expenses
Creating a spreadsheet will help you organize your income and expenses, making it easier to file your taxes accurately and claim all eligible deductions.
Show steps
  • Choose a spreadsheet program (e.g., Excel, Google Sheets).
  • Create columns for income, expenses, date, and category.
  • Enter your income and expenses regularly.
Four other activities
Expand to see all activities and additional details
Show all seven activities
Write a Blog Post on Gig Work Tax Deductions
Writing a blog post will solidify your understanding of gig work tax deductions and help you communicate this knowledge to others.
Show steps
  • Research common gig work tax deductions.
  • Outline the structure of your blog post.
  • Write the blog post, explaining each deduction clearly.
  • Edit and proofread your blog post.
Complete Practice Tax Forms
Practicing with sample tax forms will help you become familiar with the filing process and identify any areas where you need further clarification.
Show steps
  • Download sample Schedule C and 1099 forms.
  • Fill out the forms using hypothetical income and expense data.
  • Review your completed forms against instructions.
Read "J.K. Lasser's Guide to Self-Employment Taxes"
Reviewing a guide on self-employment taxes will deepen your understanding of your tax obligations as a gig worker.
Show steps
  • Obtain a copy of the guide.
  • Read the sections on estimated taxes and deductions.
  • Take notes on key concepts and examples.
Create a Gig Worker Tax Resource Guide
Compiling a resource guide will help you organize all the information you've learned and create a valuable reference for future tax filings.
Show steps
  • Gather all relevant course materials, notes, and resources.
  • Organize the materials into a logical structure.
  • Add summaries and explanations to each section.
  • Include links to relevant IRS publications and websites.

Career center

Learners who complete Taxes Made Easy-Gig Work Filing, Expenses & Deductions will develop knowledge and skills that may be useful to these careers:
Enrollment Agent
Enrolled agents are federally authorized tax practitioners who can represent taxpayers before the Internal Revenue Service. This course is highly relevant for enrolled agents. It covers the intricacies of gig work taxation, including income reporting, expense deductions, and relevant tax forms. The enrolled agent can use this knowledge to provide expert guidance to gig workers, represent them in tax audits, and advocate for their rights before the IRS. Further, understanding record keeping helps the enrolled agent.
Tax Preparer
Tax preparers assist individuals and businesses in preparing and filing tax returns. This course helps build a foundation for understanding the complexities of gig work taxation, which is an increasingly important niche within the tax preparation field. The course's focus on gig income, deductible expenses, and relevant tax forms like 1099-MISC, 1099-NEC, 1099-K, and 1099-B directly applies to the challenges faced by tax preparers serving gig workers. Learning about record keeping practices allows a tax preparer to better assist and instruct their clients. A tax preparer with a solid grasp of these topics can provide valuable guidance to gig workers, ensuring accurate tax filings and maximizing eligible deductions.
Tax Staff Accountant
Tax staff accountants support the preparation of tax returns and related activities within an accounting firm. This course builds a foundation for understanding individual income taxes in the context of the gig economy. A tax staff accountant should be familiar with reporting income, expenses, and deductions. A tax staff accountant will also learn about the different tax forms. Tax staff accountants can use this knowledge to assist senior staff in preparing accurate and compliant tax returns for clients with gig work income.
Accountant
Accountants prepare and analyze financial records, often specializing in tax accounting. This course is particularly relevant for accountants who work with self-employed individuals and those in the gig economy. The course provides a detailed understanding of gig income reporting, permissible deductions, and essential tax forms like 1099-MISC and 1099-NEC. The course also discusses record keeping and supporting documents. The course's comprehensive coverage of these topics prepares an accountant to accurately prepare tax returns for gig workers and provide informed guidance on tax planning strategies.
Small Business Consultant
Small business consultants advise small business owners on various aspects of their business, including financial management and taxation. This course specifically addresses the tax challenges faced by gig workers, a growing segment of the small business population. A consultant can use the knowledge of gig income reporting, expense deductions, and relevant tax forms from this course to better guide their clients. Understanding estimated tax payments, record-keeping, and self-employment tax also enables a small business consultant to provide comprehensive advice.
Revenue Agent
Revenue agents work for government agencies, such as the Internal Revenue Service, examining tax returns and conducting audits to ensure compliance with tax laws. This course is helpful for a revenue agent. It provides insights into the specific tax challenges faced by gig workers. The course covers income reporting, deductions, and relevant tax forms. This helps inform a revenue agent about the nuances of the gig economy. By understanding these aspects, a revenue agent can more effectively assess the accuracy of tax filings and identify potential areas of non-compliance related to gig work.
Financial Advisor
Financial advisors provide guidance to clients on investment strategies, retirement planning, and tax optimization. Understanding the nuances of gig work taxation can be a valuable asset for financial advisors, as many clients now participate in the gig economy. This course's coverage of income reporting, deductible expenses, and various tax forms helps financial advisors advise clients on maximizing tax efficiency. Furthermore, the course's insights into estimated tax payments and self-employment tax helps financial advisors create comprehensive financial plans that account for the unique financial situations of gig workers.
Bookkeeper
Bookkeepers are responsible for recording and maintaining financial transactions. This course on gig work taxes may be useful for bookkeepers who work with self-employed individuals. Bookkeepers need to accurately categorize income and expenses, and this course helps by covering the Schedule C form. The course's explanation of deductible expenses helps bookkeepers know what to look for. Familiarity with gig economy platforms and worker classifications covered in this course can assist bookkeepers in properly categorizing and documenting financial information for their clients, ultimately leading to accurate financial reporting and tax preparation.
Tax Attorney
Tax attorneys specialize in tax law, advising clients on complex tax matters and representing them in disputes with tax authorities. While a tax attorney typically requires an advanced degree, this course may be useful. This course helps to understand the specific tax issues facing gig workers. It covers the nuances of income reporting, expense deductions, and relevant tax forms. Tax attorneys will benefit from these fundamentals. The course also discusses keeping records. The tax attorney can then use the knowledge of reporting for 1099, cash payments, and virtual currency to better understand the tax situations.
Budget Analyst
Budget analysts help organizations manage their finances by preparing budget reports and monitoring spending. A budget analyst who understands the tax implications of different business activities can better forecast expenses and revenue. This course helps budget analysts understand how self-employment taxes and deductible expenses impact the overall financial picture. A budget analyst can then factor these tax considerations into their budget projections and recommendations.
Auditor
Auditors examine financial records to ensure accuracy and compliance. While this course does not focus on auditing, it may be useful. Auditors who understand the nature of gig work, the types of income it generates, and the deductions available to gig workers can better assess the accuracy of financial records. The course provides a foundation for understanding the Schedule C form and self-employment tax. This helps an auditor evaluate whether a business is correctly reporting income and claiming appropriate deductions.
Compliance Officer
Compliance officers ensure that a company adheres to laws and regulations. The skills in this course can help compliance officers. A business must follow tax law. Compliance officers with a background in tax law help ensure complete compliance. Compliance officers with training in how taxes relate to income, expenses, and deductions provide additional clarity.
Business Analyst
Business analysts analyze data and processes to improve business performance. This course is helpful for a business analyst. A business analyst who understands tax implications can better understand the financial performance. A general familiarity with income, expense, deductions, and tax forms helps a business analyst. A business analyst who understands these topics can better assess the financial health of the business.
Management Consultant
Management consultants advise organizations on improving their performance and efficiency. This course helps management consultants understand the tax considerations for different business models, including those that rely heavily on gig workers. A management consultant with a grasp of gig work taxation can provide more effective strategies for optimizing costs, improving profitability, and ensuring compliance with tax regulations. The firm will greatly benefit from their insights in this new and important area of taxation.
Compensation and Benefits Analyst
Compensation and benefits analysts manage employee compensation and benefits programs. This course helps for those who need further understanding of 1099 workers. A compensation and benefits analyst who knows the differences between workers can structure the benefits program appropriately. Taking a course like this helps benefits be more attuned to the various compensation types.

Reading list

We've selected two books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Taxes Made Easy-Gig Work Filing, Expenses & Deductions.
Provides a comprehensive overview of tax obligations specific to gig workers. It covers topics such as income reporting, expense deductions, and self-employment tax. It serves as a valuable reference for understanding the nuances of gig work taxation and maximizing tax savings. This book expands on the course material by providing real-world examples and case studies.
This guide provides detailed information on self-employment taxes, including estimated tax payments and deductions. It useful resource for understanding the complexities of self-employment taxation. is commonly used by tax professionals and provides in-depth coverage of relevant tax laws and regulations. It adds more depth to the course by providing detailed explanations and examples.

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