IF YOU ARE A PARTICIPANT IN THE “SHARING ECONOMY,” YOU MAY WANT TO TAKE A LOOK AT THIS

What is the “sharing economy?”  It’s Airbnb, Uber, and similar enterprises that make it possible for individuals to provide services to other individuals across a common platform.  I became aware of how widely these platforms are used only recently, when I was meeting with a client who provides services through one of them.  Until he turned it off, his phone didn’t stop buzzing the entire time that we were meeting.
The IRS has launched a special section of its irs.gov web site to provide information to participants in these enterprises.  If you are involved, you may want to check it out.  It’s located at: https://www.irs.gov/businesses/small-businesses-self-employed/sharing-economy-tax-center
I learned about it from this post on the TaxProf Blog.