Due To Fuzzy Rules, Sharing-Economy Workers Often Underpay Or Overpay Their Taxes

The IRS, sharing-economy companies (such as Uber and TaskRabbit), and contract workers may have to work together to fix the problem.

The U.S. tax system was not prepared for the rise of on-demand or sharing-economy businesses like Uber and TaskRabbit. Or maybe it's that sharing-economy contractors have trouble navigating the labyrinthine tax code.

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Published on May 25, 2016 04:30
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