IRS 2026 Crackdown $5,000 Side Hustle Rule — What You MUST Do Now Avoid Penalties! скачать в хорошем качестве

IRS 2026 Crackdown $5,000 Side Hustle Rule — What You MUST Do Now Avoid Penalties!

The IRS just changed the 1099-K reporting threshold to $5,000 for 2026, and millions of side hustlers are about to get caught in the crosshairs. As a CPA, I'm breaking down exactly what this means for YOUR taxes and the legal strategies to minimize your bill before April 15th. In This Video: • How the new $5,000 1099-K threshold affects gig workers, freelancers, and online sellers in 2026 • Why selling personal items at a loss could still trigger IRS notices (and how to protect yourself) • The specific business deductions you're missing that could save you thousands in taxes • Whether you should set up an LLC for your side hustle (CPA analysis with real numbers) • How to avoid underpayment penalties with proper estimated quarterly tax payments 📍 TIMESTAMPS 0:00 - IRS 2026 Side Hustle Crackdown Revealed 1:45 - What the New 1099-K $5,000 Threshold Really Means 4:20 - Why the IRS Is Targeting Gig Economy Workers Now 6:35 - Who's Most at Risk for Penalties and Audits 8:50 - Action Step 1: Understand What Income Is Actually Taxable 10:30 - Action Step 2: Separate Personal vs Business Transactions 12:15 - Action Step 3: Track Every Business Expense (Maximize Deductions) 15:40 - Should You Set Up an LLC? CPA Cost-Benefit Analysis 18:25 - Estimated Quarterly Taxes Explained (Avoid Penalties) 21:30 - IRS Penalties Breakdown: What You'll Owe If You Don't Comply 24:10 - Real-World Scenario: $15,000 Unreported Income Consequences 26:45 - My Exact Action Plan for Side Hustlers 29:20 - Summary & Next Steps to Protect Yourself 🔗 RESOURCES 📘 Get My Book on Amazon: https://www.amazon.com/dp/B0DSLT8SRZ 📘 Spanish Version (Español): https://www.amazon.com/dp/B0F2GTZY7T 📄 IRS Publication 535 (Business Expenses): https://www.irs.gov/publications/p535 📄 Form 1040-ES (Estimated Tax for Individuals): https://www.irs.gov/forms-pubs/about-... 📄 IRS Section 179 Deduction Information: https://www.irs.gov/publications/p946 💼 ClearValue Tax Official Website: ⚠️ LEGAL DISCLAIMER This is a fan-made channel dedicated to preserving and sharing the wisdom, ideas, and perspectives of Brian Kim, CPA. All content is created for educational, inspirational, and entertainment purposes. AI Technology Disclosure: This channel uses advanced AI technology including synthesized voice and digital recreation to make Brian Kim's insights and communication style accessible to a global audience. The voice, image, and persona are recreated through AI based on publicly available content, interviews, CPA educational materials, published works, and documented public appearances from ClearValue Tax. Standard ClearValue Tax Disclaimer: ClearValue Tax and affiliates do not provide tax, legal, or accounting advice. This material is for informational purposes only and should not be relied upon for tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors before engaging in any transaction. Legal Disclosure: I'm not a financial advisor. The information contained in this video is for entertainment purposes only. Before investing, please consult a licensed professional. Any investment or financial strategies shown should not be considered "investment recommendations." Unless investments are FDIC insured, they may decline in value and/or disappear entirely. Please be careful! 🔥 PRIMARY & NICHE HASHTAGS (First 30 - Highest Priority): #BrianKim #ClearValueTax #TaxStrategies #FinancialFreedom #IRSCrackdown2026 #SideHustleTaxes #1099K #GigEconomyTaxes #TaxDeductions #HowToAvoidTaxes #IRSUpdates #PayLessTaxes #SelfEmploymentTax #FreelancerTaxes #SmallBusinessTaxes #TaxPenalties #EstimatedTaxes #LLCvsSoleProprietor #HomeOfficeDeduction #Section179Deduction #TaxSavings #WealthBuilding #PersonalFinance #FinancialEducation #CPAAdvice #TaxPlanning2026 #RetirementPlanning #FinancialIndependence #MoneyManagement #InvestingForBeginners