Tax Guide for Temporary Workers

Maddie Tabor | Feb 03, 2020

Tax season is upon us, which means it’s time for Gig Workers to make sure they’re reporting their income and properly filing their Federal and State taxes.

While we are not licensed tax professionals, we are here to give you some tips to help you complete your taxes like a pro. As a Worker on the GigSmart platform, you will not be provided a 1099-MISC form. Since payment to workers is made electronically through GigSmart, a 1099-K is issued by the payment settlement agency.  If you didn’t earn enough to receive a 1099-K, you’ll find forms and resources within this blog to assist you in correctly filing your taxes for the 2019 year.

Self-Reporting Your Income

As a Worker on the GigSmart platform, you will need to follow the steps provided by the IRS for Gig Economy Workers. It is always a best practice to keep receipts and records from each Gig you work. The GigSmart app allows you to easily view all of the previous Gigs you have completed.

To view your Gig summaries, follow these instructions:

  • Open the Get Gigs app on your mobile phone
  • Once logged in, select the menu in the top left corner
  • Select the “History” tab
  • Select a Gig you’ve completed
  • Select the “Gig Summary” tab to see all of the details pertaining to that Gig

From each Gig Summary, you’ll be able to view all your payment history. You will need to add up each Gig to report your total income. You can also keep track of all of the payments you have received by using the Gig Summary emails sent to you at the completion of each of your Gigs.

If you have additional questions about filing your taxes as an independent contractor, visit the IRS’ Gig Economy Tax Center for further instructions and resources.

Tax Programs to Use for Self-Employed Individuals

TurboTax Premier

TurboTax Premier is a tax preparation software that can help you file your tax returns, especially when you need to report income as a self-employed individual or freelancer. It is slightly higher in cost than other platforms at $90 (currently on sale for $70 not including state taxes), but it gives you the flexibility to easily do your taxes without the help of a tax professional. If you’d prefer some additional assistance, they also have a Live version for $170 (currently on sale for $140, not including state taxes) that will provide you with unlimited tax advice and answers from real CPAs and EAs.

Benefits:

  • User-friendly, interview-style flow
  • Over 350 tax deductions searched
  • 100% accurate calculations
  • Guidance in case of an audit

TurboTax Self-Employed

TurboTax Self-Employed has all the great benefits TurboTax Premium does, but with additional benefits specific to self-employed individuals and freelancers. It is available for $120 (currently on sale for $90 not including state taxes), and also comes with a TurboTax Live option for $200 (currently on sale for $170 not including state taxes), giving you access to unlimited tax advice and answers from real CPAs and EAs. The most significant benefit of this program? The ability to track your expenses and categorize them in real-time throughout the year. Which makes filing your taxes at tax time a breeze.

Benefits:

  • All the benefits included in TurboTax Premium
  • On-the-go mileage tracking directly from your phone
  • Snap a picture of receipts immediately – never lose track of expenses

TaxSlayer Self-Employed

If you’re comfortable filing taxes, and you can do without the step-by-step guidance TurboTax provides, TaxSlayer is a much more cost-effective solution. You’re able to file as a self-employed worker, and while the basic version does not include professional tax help, the Self-Employed package gives you access to a tax professional to answer any questions you may have. It is available to file your Federal taxes for $47, and you can also submit your State taxes for an additional fee.

Benefits:

  • Assistance from tax professionals
  • Deduction finders for 1099 filings
  • Access to tax tips and resources
  • Tax payment reminders
  • 100% accurate calculations

As a GigSmart Worker, it’s crucial to track and report the income you earn on the GigSmart app. By following the instructions above, you’ll be well on the right path to properly filing. If you need any additional information, please contact your tax advisor as they will be the best resource to provide you with filing advice or tax advice specific to your situation. If you have any questions about the GigSmart platform, please contact our Support team.

PLEASE NOTE: GigSmart does not, and is not intended to, provide legal, tax, or accounting advice. You should consult your tax advisor for filing advice or questions related to your specific situation.
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