IRS Side Hustle Crackdown in 2026 — 1099 K “Relief” Won’t Save You Do This Now скачать в хорошем качестве

IRS Side Hustle Crackdown in 2026 — 1099 K “Relief” Won’t Save You Do This Now

In This Video: • Why the 1099-K threshold going back to $20,000 + 200 transactions does NOT mean your side hustle is “safe” • The real IRS threat in 2026: automated data matching and CP2000 underreporter notices • What income is still taxable even when you get no 1099-K • How self-employment tax hits gig workers and why the $400 net earnings rule matters • The legal playbook: clean bookkeeping, deductions, estimated taxes, and retirement strategies to reduce what you owe 📍 TIMESTAMPS 0:00 - IRS “relief” headline vs. reality 1:05 - 1099-K threshold explained (and why it’s misunderstood) 3:10 - Data matching + CP2000 notices (what triggers them) 5:40 - Personal payments vs goods/services payments 8:10 - Self-employment tax and the $400 rule 10:05 - Deductions and Schedule C basics 12:05 - Estimated taxes vs increasing W-2 withholding 14:10 - Retirement contributions as a tax strategy (2026 limits) 16:15 - Biggest mistakes that cause IRS problems 18:10 - Exact action plan for 2026 19:30 - Final recap + what to do now 🔗 RESOURCES IRS: 1099-K threshold under the One, Big, Beautiful Bill: https://www.irs.gov/newsroom/irs-issues-fa... IRS: Understanding Form 1099-K: https://www.irs.gov/businesses/understandi... IRS: Form 1099-K FAQs (common situations): https://www.irs.gov/newsroom/form-1099-k-f... IRS: Understanding CP2000 notices: https://www.irs.gov/individuals/understand... IRS: Manage taxes for your gig work (estimated taxes + W-4 option): https://www.irs.gov/businesses/small-busin... IRS: Gig Economy Tax Center: https://www.irs.gov/businesses/gig-economy... IRS Publication 334 (Small Business / Schedule C): https://www.irs.gov/publications/p334 IRS Publication 560 (Retirement Plans for Small Business): https://www.irs.gov/publications/p560 IRS: 2026 retirement contribution limit announcement: https://www.irs.gov/newsroom/401k-limit-in... 📘 Get My Book on Amazon: https://www.amazon.com/dp/B0DSLT8SRZ Spanish Version (Español): https://www.amazon.com/dp/B0F2GTZY7T ⚠️ 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! #BrianKim #ClearValueTax #TaxStrategies #IRSUpdates #1099K #SideHustleTaxes #GigEconomy #SelfEmploymentTax #ScheduleC #CP2000 #PayPal1099 #VenmoTaxes #EtsySeller #UberDriver #DoorDashDriver #SmallBusinessTaxes #TaxDeductions #EstimatedTaxes #RetirementPlanning #Solo401k #SEPIRA #FinancialFreedom #PersonalFinance #WealthBuilding #TaxPlanning #IRSNotice #1099NEC #Bookkeeping #MakeMoneyOnline #MiddleClassMoney