Your Tax Responsibility in the Sharing “Cloud Based” Economy

Tablet Computer With Mobile Phones Stock Photo

Do you make extra money through the use of social media? or your car to pick up passengers? Even rent-out a spare bedroom to make extra money? If so, you’re participating in the Sharing Economy (aka, the gig, on-demand or access economy). Income from these emerging areas is generally taxable, and related expenses may be deductible. Use this link for basic tax tips to keep in mind.

By C Fitts Tax Solutions, LLC Posted in Tax Talk