What is the “Sharing Economy” and Why Should I Care?
Ever thought about becoming an Uber driver part-time? How about renting out a spare bedroom in your home? Maybe offering your dog walking services via Craigslist? Any of these actions would put you in what the IRS refers to as the “sharing economy.” What is the Sharing Economy? Although “sharing” can imply the word “free,” it is not what IRS means when they use the phrase. The official explanation of the term on the IRS website is: “…the sharing economy allows individuals and groups...
