TaxClosure Launches Initiative to Tackle Gig Economy Tax Compliance Challenges [Yahoo! Finance]
Lyft, Inc. - Class A (LYFT)
Last lyft, inc. - class a earnings: 2/11 04:05 pm
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Source: Yahoo! Finance
Recent IRS regulation changes have added tax complexity, and gig workers face new, nuanced tax compliance challenges on both tax return filing days ( April 15 th and October 15 th ) and throughout the year. TaxClosure facilitates all the ways gig workers can avoid the IRS's substantial repercussions from their failure to fully pay current and lagging prior-year tax liabilities. The new IRS reporting rules, which require platforms like PayPal and Venmo to issue 1099s for gross payments exceeding , mark a major shift from the previous threshold. This regulatory change and phased in implementation under the American Rescue Plan Act, could impact millions of gig workers unaware of their tax obligations, resulting in unexpected tax liabilities, penalties, and even restrictions on their ability to continue working with platforms like Uber and Lyft. Taxpayer resolution industry founder and attorney Charles T. Almond III relaunched TaxClosure in 2024 as a comprehensive tax resolution plat
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LYFT
Earnings
- 11/6/24 - Miss
LYFT
Sec Filings
- 11/14/24 - Form 4
- 11/12/24 - Form 4
- 11/12/24 - Form 4
- LYFT's page on the SEC website