The Internal Revenue Service (IRS) would like to remind taxpayers to report all income earned from the following areas:

  • Working in the gig economy;
  • Making virtual currency transactions;
  • Earning foreign-source income; and
  • Holding certain foreign assets.

To better understand how to report this income, please visit or read instructions on Form 1040.

Click on here to read more about the aforementioned incomes.

Source: Internal Revenue Service