New Tax Resource For the Sharing Economy

Screen shot 2013-08-06 at 6.11.22 PM1099.is — named after the U.S. self-employment tax form — is a new Q&A site launched by the Collaborative Fund, which has backed TaskRabbit, Getaround and the fundraising platform Rally.org, among others. Understanding the tax implications for earning income in the sharing economy is difficult for many, and 1099 tries to bring some clarity to the complicated topic.

1099.is has answers to questions like what amount of sharing economy income you should report, what car expenses can you deduct for ride-sharing, what steps to take after achieving your crowdfunding goal, and more.

To read the story, click here or visit 1099.is.

 

 

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