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Taxes And The Sharing Economy



Annette Nellen

I define the sharing economy broadly as including both sharing assets and one’s time. Four characteristics:

  • Monetizing unused time and assets.
  • Using technology to match those with resources to those willing to pay for them.
  • Providing assets where temporary need exists (such as bike share).
  • Operating in the broadest space possible (including digital services provided to a global marketplace).

The tax issues are often answerable once the facts are pinned down.

For some background including how to get the facts pinned down, please check out:

Due diligence checklist

Video on helping sharing economy clients

What do you find to be your biggest tax issue for sharing economy activity?

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Annette Nellen, CPA, Esq., is a professor in and director of San Jose State University’s graduate tax program (MST), teaching courses in tax research, accounting methods, property transactions, state taxation, employment tax, ethics, tax policy, tax reform, and high technology tax issues.

Annette is the immediate past chair of the AICPA Individual Taxation Technical Resource Panel and a current member of the Executive Committee of the Tax Section of the California Bar. Annette is a regular contributor to the AICPA Tax Insider and Corporate Taxation Insider e-newsletters. She is the author of BNA Portfolio #533, Amortization of Intangibles.

Annette has testified before the House Ways & Means Committee, Senate Finance Committee, California Assembly Revenue & Taxation Committee, and tax reform commissions and committees on various aspects of federal and state tax reform.

Prior to joining SJSU, Annette was with Ernst & Young and the IRS.

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