as new economy surges, irs falls further behind
irs caught unprepared for the tectonic shift in the income-tax landscape.
by rick telberg
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the gig economy is big and getting bigger. it’s service providers are making real money, but they’re often as lost as an uber driver with a dead phone.
special report – fixing the irs: irs #fails at online services spell problems for professionals | tax accountants fill the breach of a failing irs | beware the ez way out | can the irs improve its phone service? | when clients face ‘unreal’ irs audits | irs warns about private debt collectors for tax season 2018 | underfunded irs swamped with problems | irs in retreat from communities | military personnel face new battles at home: the irs | as new economy surges, irs falls further behind | is the irs winning the battle against identity theft? | irs mulls raising fees to cover budget shortfalls |
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the gig economy, also known as the sharing economy, is that market of “collaborative consumption” typified by uber, lyft, airbnb, etsy, taskrabbit, and many others. such services are typically coordinated by a website that links customers with service providers, yielding a good deal all around: somebody gets a cut-rate service, and somebody gets the flexibility of part-time self-employment.
but that latter somebody might need somebody else to advise them on tax compliance. read more →
but is it good for business or just a headache?
the five new complications humans can’t handle alone.
