How people commute, travel and/or rent vacation accommodations these days often involves an emerging area of activity — the sharing economy. Other ways of referring to it include the on-demand, gig or access economy, but no matter how you describe it, we're talking about individuals and groups that use tech advancements to arrange transactions to generate revenue from assets they already own, such as cars and homes. The sharing economy can include household chores or even technology services. You may think of this as a developing area in our economy, and the IRS is thinking of it also. There are tax implications for the individuals and companies that perform such services.
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