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.
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