Side Hustle & Gig Income
“Does income from my side hustle on Venmo need to be reported to the IRS?”
Income from a side hustle on Venmo is often part of the broader tax picture, and the reporting treatment can depend on how the payments were received, whether they were for goods or services, and how the activity is organized. In many cases, the IRS looks at the underlying business activity rather than the app itself, so personal transfers, reimbursements, and payments for work can be treated differently. The way records are kept, including transaction notes and account statements, can also matter when determining what belongs on a return. Walking the details through with a CPA is the fastest way to know what truly applies here.
In your 30-minute session, the KGOB advisor handling it will:
- Read your exact situation and tell you, in plain English, what’s actually going on.
- Lay out your options and the trade-offs — no jargon, no judgment.
- Give you a clear next step you can act on, whether that’s with us or on your own.
“As a freelancer in Alabama with a side hustle, what do I actually owe?”
“As a freelancer in Alaska with a side hustle, what do I actually owe?”
“As a freelancer in Arizona with a side hustle, what do I actually owe?”
“As a freelancer in Arkansas with a side hustle, what do I actually owe?”
“What can I deduct from my Fiverr side hustle, and what do I owe in taxes?”
“What tax deductions apply to my Fiverr side hustle, and how much do I owe?”
This page is a prompt to start a conversation, not tax or legal advice, and states no tax-law specifics as fact. A consult session does not by itself create an ongoing engagement. We do not promise specific outcomes or savings. Kohari Gonzalez Oneyear & Brown PLLC — Charlotte, NC.
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