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Recent changes to sharing economy tax reporting

Joyce Beebe

Recent changes to sharing economy tax reporting.

With the rise of the gig economy has come an increase in concerns about tax compliance. This blog post reviews two recent changes to tax reporting rules for the sharing economy sector — the comeback of Form 1099-NEC and a reduction in the reporting threshold of Form 1099-K — and their implications for tax administration and reporting. Read at the Baker Institute Blog.