Taxing the Sharing and Freelance Economy-On Demand
The lack of automatic tax withholding from many of the participants in these new economies 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 topic will discuss the potential tax pitfalls and tax benefits for participants in the sharing and freelance economies.
Josh Wu advises large corporations, mid-size businesses, startup companies, and high-net-worth individuals on all aspects of federal tax law. He has particular…
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