In recognition of National Small Business Week -- April 30 to May 6 -- the
Internal Revenue Service is highlighting products to help small business owners
and self-employed individuals understand and meet their tax obligations. Some
of these tools focus on an emerging area of business activity -- the sharing
economy – also referred to as the on-demand, gig or access economy.
People involved in the sharing economy engage in activities such as renting
a spare bedroom, providing car rides or offering a number of other goods or
services. Because there are tax implications for companies providing the
services and individuals performing the services, the IRS has created the
following special products to help these businesses and workers understand
their tax responsibilities:
- Sharing
Economy Tax Center, a webpage to help people quickly find answers to
tax questions, as well as tips and forms for the sharing economy.
- Your
Taxes in a Sharing Economy, a YouTube video on tax issues affecting
those working in the sharing economy.
Other Small Business
Products
The IRS provides an overview of other products in a newly created YouTube
video. Some featured products for small business owners and self-employed
individuals are:
- Small
Business and Self-Employed Tax Center -- an online resource
featuring links to a variety of useful tools, including
Small Business Taxes: The Virtual Workshop, a downloadable tax
calendar and common forms with instructions. The Center provides help on
everything from how to get an Employer
Identification Number online to information and tips about IRS
audits.
- Self-Employed
Individual Tax Center – a resource for sole proprietors and others who
are in business for themselves. This site has many useful tips and
references to tax rules a self-employed person may need to know.
- IRS
YouTube Video Channel – with videos for small businesses.
- IRS
Video Portal -- video and audio presentations on a variety of topics
of interest to small businesses.
- Online
Learning and Educational Products – a page with tools to help
taxpayers learn about taxes on their own time and at their own pace. For
example, the IRS
Tax Calendar for Businesses and Self-Employed has important tax dates
for businesses. Download the Calendar Connector tool to get the dates even
when offline.