Avalara Survey Shows Gig Economy Workers Caught Off Guard by Lower 1099-K Reporting Threshold | PR Newswire [Video]

• New research commissioned by tax automation provider Avalara shows 61% of gig economy workers are unaware of recently lowered 1099-K reporting thresholds aimed at capturing unreported online sales income
• 73% of gig workers surveyed don’t know the payment threshold above which they would receive a Form 1099-K and be required to file an IRS tax return
• Over 20% of respondents plan to pay a tax professional for the first time as a result of 1099-K reporting changes and complexity

, /PRNewswire/ — Avalara, Inc., a leading provider of cloud-based tax compliance automation for businesses of all sizes, today released findings from a new survey* of gig economy workers – including online marketplace sellers, digital content creators and influencers, short-term rental hosts, and rideshare and delivery drivers – who are now faced with a lower threshold for 1099-K income reporting to the IRS.

The reporting status for these independent workers has been in limbo for …