IRS Creates Dedicated Web Page With Resources For Sharing Economy

Wolters Kluwer - Standard Federal Tax Reports (Page 4)

As the sharing economy grows, the IRS has responded with new resources for taxpayers. The IRS launched a Sharing Economy Tax Center on its website, highlighting tax issues for individuals and companies performing services in the sharing economy. Take Away. “The IRS and other regulatory agencies are trying to catch-up with developments in the sharing economy,” Akshay Shrimanker, CPA, chair of the Emerging Technology Entrepreneurship Committee of the New York State Society of CPAs, told Wolters Kluwer.