Like most people these days, I have a side gig. The so-called gig economy is booming, from weekend Instacart runs to late-night Etsy sales. However, tax preparers are warning that there are some mistakes that may trigger an audit from the IRS. If you’re like my wife, being audited is one of your biggest nightmares. And you’re not alone, about 6 in 10 Americans say they have anxiety at tax time about potentially being audited. For gig workers, the anxiety is even higher. You may assume that because you didn’t get a 1099, you’re in the clear. It’s important to know that the IRS doesn’t need a form to know that you got paid. So, do yourself a favor and don’t make any of these seven mistakes. They could lead to an unpleasant encounter with the IRS.
