Gig Economy

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Home > File > Business and Self-Employed > Small Business and Self-Employed > Manage Taxes for a Digital Platform or Business

Manage Taxes for a Digital Platform or Business
English | Español
Individuals
International Taxpayers
Business and Self-Employed
Small Business and SelfEmployed
Employer ID Numbers
Business Taxes
Reporting Information
Returns

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libero sit amet nibh consectetur condimentum. Curabitur quis faucibus eros. Quisque metus ante, egestas sed faucibus a, posuere
vel ipsum. Cras vitae felis lorem.

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Classify Workers

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File and Pay Taxes

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Report Payments

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Help Workers Meet Their Tax Obligations

Self-Employed
Starting a Business
Operating a Business
Closing a Business
Industries/Professions
Small Business Events
Online Learning
Large Business
Corporations

Government Entities

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Project: IRS.gov Phase 1

View Port - 1200 px

File

Gig Economy Digital Platform or Business Landing Concept — v3

Accordions - CLOSED

Container - 1170 px

Pay

Refunds

Credits & Deductions

Forms & Instructions

Home > File > Business and Self-Employed > Small Business and Self-Employed > Manage Taxes for a Digital Platform or Business

Manage Taxes for a Digital Platform or Business
English | Español
Individuals
International Taxpayers

Small Business and SelfEmployed
Employer ID Numbers
Business Taxes

Classify Workers

It is critical that business owners correctly determine whether the individuals providing services are employees or
independent contractors. You must first know the business relationship that exists between you and the person performing
the services.
• Classify Worker

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Reporting Information
Returns

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Business and Self-Employed

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Quisque consequat euismod lacus quis volutpat. Maecenas interdum
libero sit amet nibh consectetur condimentum. Curabitur quis faucibus eros. Quisque metus ante, egestas sed faucibus a, posuere
vel ipsum. Cras vitae felis lorem.

File and Pay Taxes

Self-Employed
Starting a Business
Operating a Business
Closing a Business
Industries/Professions
Small Business Events
Online Learning
Large Business
Corporations

Businesses must file a tax return whether or not they have a taxable income.
Businesses must also pay federal taxes. Depending on the business structure and activity, businesses must pay:
• Estimated Tax — Income tax less credits
• Employment Tax — Social Security, Medicare and
• Federal Unemployment (FUTA) Tax
• Excise Tax — Tax on income from certain business activities
Use the Electronic Federal Tax Payment System (EFTPS) to pay all federal taxes and tax deposits.
Late payments may result in a failure-to-deposit penalty of up to 15%.

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Government Entities

Report Payments

Employers: Use Form W-2
If you are an employer, report employee payments with Form W-2, Wage and Tax Statement.
• Determine Employer Reporting Requirements
Payers: Use Form 1099-MISC
If you pay independent contractors, report payments for their services on Form 1099-MISC, Miscellaneous Income.
• Determine Payer Reporting Requirements
Third-Party Payment Service or Bank: Use Form 1099-K
If you are a third-party payment service or bank that services as a merchant for credit or debit card transactions, report
payments with Form 1099-K, Payment Card and Third Party Network Transactions.
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Online Payment Network Reporting Requirements

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Help Workers Meet Their Tax Obligations

Share this essential tax information with the independent contractors who work with you:
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[Share-able One-pager from C&L]

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