The IRS updated its “Tax Gap” series with a new fact sheet, Reporting
Miscellaneous Income, which includes guidelines for reporting
self-employment income, barter exchanges of goods and services, gambling
winnings, prizes and awards.
The series, located at www.irs.gov/newsroom/article/0,,id=158619,00.html,
also includes fact sheets on reporting auction income and capital
gains, tax tips for direct sellers, and third-party reporting
reminders. Each fact sheet provides links to related publications,
forms and frequently asked questions.
Source: IRS, www.irs.gov.
