The nature of this new "gigs" and "sharing" economy presents many challenges to taxation authorities and tax professionals in our efforts to track and report an individual's income and expenses related to the products or services that are now delivered sometimes in-person and sometimes electronically. In this course, we will review some of the typical products and services offered within the gigs and sharing economy, with emphasis on shared-car services and shared rental services.

• given examples, distinguish the types of products and services that are typically performed within the gigs and sharing economies, and the online platforms or apps that support them
• identify the general nature of the ride-sharing and home-sharing services in the gigs economy and identify the two largest companies operating in each of those markets
• identify the general principles and forms involved in reporting ride-sharing and home-sharing business activities to the IRS
• identify certain aspects of the nature and of the growth trend predicted for the gigs economy for the next 5-10 years

Tax Year: 2022