Why Young Entrepreneurs Desperately Need Tax Reform

Have a side hustle? You might be breaking the law. The IRS requires anyone making more than 400 bucks a year from self-employment to report that income on their tax return. That means if you sell textbooks on Amazon, play gigs on Friday nights, or pocket the tips from a Saturday bartending shift you picked up for your buddy without reporting it on your taxes, you might be committing tax evasion.