The new "sharing economy" may create some tax confusion this year. People who are new to the world of Airbnb, Uber, WeWork and other web-based data-driven payment portals may find taxes have suddenly grown quite complicated.
The IRS launched its new Sharing Economy Tax Center last August but it's probably getting more attention now that tax time is just a few weeks away. The webpage offers information about a variety of issues including "rules for home rentals", "depreciation", "business expenses", and "determining whether individuals providing services are employees or independent contractors."
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