One of my absolute favorite sources for continuing education — CPAAcademy.org — is back with a FREE session on “Taxing the Sharing & Freelance Economies”, this upcoming Wednesday, April 12th.
Millions of Americans earn money through the sharing and freelance economies, and the number of participants in those economies is expected to grow. The lack of automatic tax withholding from many of the participants in these new economies, along with novel compensation arrangements, has given rise to significant compliance issues for the Treasury. Further, the lack of IRS guidance to participants in the sharing economy has increased compliance risk and has also failed to inform market participants of potential tax benefits to which they may be entitled. This presentation will discuss the potential tax pitfalls and tax benefits for participants in the sharing and freelance economies.
If it weren’t six days before my biggest deadline of the year, I’d be right there with you. Crossing my fingers that they archive it. If you attend, please share what you learned in the comments section below!
Source: CPA Academy