Study on impact of changes to information reporting on gig workers' behavior uncovers unreported income

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Because of the recent rise of platform gig work, more U.S. workers are being compensated through self-employment. Their earnings are not subject to tax withholding but are generally covered by information reporting on Forms 1099. In a new study, researchers explored what happened when the reporting threshold for many gig workers suddenly rose from $600 to $20,000.