IRS looking harder at gig economy?

A report from the Treasury Inspector General for Tax Administration found that the expansion of the gig economy warrants improving self-employment tax compliance. The number of discrepancies involving Forms 1099-K (which are forms issued to those who receive payments on credit cards or electronic transfers of at least $20,000 and engage in at least 200 transactions annually) related to the gig economy increased 237% from 2012 to 2015.