Interpreted Prediction
If an individual receives an IRS notice for unreported side hustle income and cannot provide proof of expenses, the IRS will likely demand taxes on the entire reported gross amount, not just the profit.
AI Evaluation Notes
The prediction is that if an individual receives an IRS notice for unreported side hustle income and cannot provide proof of expenses, the IRS will likely demand taxes on the entire reported gross amount, not just the profit. This aligns with standard IRS practices, and multiple sources confirm that the IRS typically taxes the gross income if expenses cannot be substantiated.