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RECENT POSTS FROM DUKHON TAX
The rise of the “sharing economy” has led to some interesting developments in the tax world, not the least of which is “How does my AirBNB income affect my taxes?” Airbnb will send hosts a 1099 tax form, so that means the IRS got a copy. This week, we look at how to report AirBNB rental income.read more
The rise of the sharing economy brings about a great deal of tax concerns, whether you rent out your home on Airbnb or pick up groceries on Instacart. Rideshare services like Uber and Lyft are a fact of life today. Whether you drive for these apps full-time or as a side hustle, you’ll get a 1099 so the IRS gets a copy and you have to report this income on your tax return. What to do?read more