SELF-EMPLOYMENT & GIG INCOME: CALCULATING INCOME WITH CONFIDENCE

Calculating self-employment income can be one of the most challenging aspects of determining household eligibility. Unlike traditional employment, self-employment income often involves fluctuating earnings, business expenses, incomplete records, multiple income sources, and complex tax documents. The growing use of gig economy platforms and online businesses has only added to the challenge.

This practical webinar provides housing professionals with a detailed review of self-employment and gig income calculations. Participants will learn how to analyze tax returns and calculate anticipated annual income using available documentation. The session will also address common gig economy income sources, including rideshare services, food delivery platforms, online sales, freelance work, content creation, and other independent contractor activities.

Through real-world examples and calculation exercises, attendees will gain confidence in evaluating documentation, identifying potential red flags, and making accurate income determinations. Whether working with LIHTC, HUD Multifamily, Rural Development, HOME, or other affordable housing programs, participants will leave with practical tools for handling some of the most difficult income calculations encountered in affordable housing.

WHAT YOU CAN EXPECT FROM THIS TRAINING

Participants will gain practical skills for evaluating, verifying, and calculating self-employment and gig income.

• Understanding what qualifies as self-employment income
• Distinguishing between employee wages and independent contractor income
• Reviewing common self-employment documentation
• Understanding Schedule C and other tax forms used to report business income
• Understanding how to project anticipated self-employment income
• Reviewing seasonal and fluctuating income situations
• Calculating income for rideshare and delivery service workers
• Evaluating income from online sales, freelance work, consulting, and side businesses
• Identifying common documentation deficiencies and red flags
• Applying calculation methods through practical examples and case studies
• Strengthening file documentation to support income determinations

WHO SHOULD ATTEND

This training is designed for, though not limited to, the following participants:

• Compliance Specialists
• Compliance Managers
• Property Managers
• Assistant Property Managers
• Occupancy Specialists
• Recertification Specialists
• Leasing Professionals
• Regional Managers
• Housing Administrators
• Owners and Management Agents
• Anyone responsible for determining household income and eligibility

WHAT YOU WILL TAKEAWAY

• Instructor: Randy McCall, Senior Compliance Trainer
• Type of Instruction: Virtual Presentation
• Certificate of Attendance Provided within 7 business days after the training.
• Continuing Education Hours (CE Hours): 2.5 Hours, which can be applied to US Housing Consultants ACE Designations
• Reference Manual Provided: A PDF Reference Manual will be provided 24 hours prior to the training event.