Barry G. Fowler, EA, leading expert in tax resolution issues and CEO of Taxation Solutions warns anyone involved in the growing sharing economy, such as Uber drivers and AirBnB hosts that the IRS is working on ways to get their share of income taxes.
Houston, TX – September 16, 2016 – Barry G. Fowler, CEO of Taxation Solutions, posted a new blog on the company website entitled “Sharing Economy Encouraged to Share With and By the IRS.” Mr. Fowler points out the difficulty the IRS has had in honing in on those making money in this new economy sector.
Mr. Fowler writes, “If you’ve ever been picked up by an Uber driver or know someone who’s rented a room through Airbnb, then you are aware of the ‘sharing economy.’” He continues adding, “In the past few years, the “sharing economy” has become a targeted focal point for the IRS. Needless to say, they really want their “fair share” of this rapidly growing business segment.”
Fowler states that, “It has been nearly impossible for the IRS to track the income received by those who rent out a room through Airbnb or drive people around through services like Uber.”
The entire blog can be read at http://www.taxationsolutions.net/sharing-economy-encouraged-to-share-with-and-by-the-irs/
About Barry G. Fowler, EA
Barry G. Fowler founded Taxation Solutions out of a genuine concern for the IRS issues his clients face, many of whom are self-employed, contract employees, or entrepreneurs. For his contributions to his profession and expertise in tax resolution and financial planning, Fowler has been featured as one of America’s Trendsetters on CBS and Yahoo, and as a Premier Expert in Inc. Magazine. He has been instrumental in helping hundreds of people resolve complex tax issues with the IRS.
Fowler is licensed to represent taxpayers before the Internal Revenue Service, and is a longstanding member of several tax industry professional organizations: NAEA, NATP, TSEA, ASTPS.