The personal finance company Credit Karma has debuted Credit Karma Tax, an online self-directed tax preparation service that provides free federal and state tax preparation, along with free electronic filing, for Credit Karma members.
The IRS has been so slow to adapt to the rapidly emerging peer-to-peer economy that billions of dollars in taxable income a year are probably going unreported every year, according to a study being delivered to Congress this week.
Approximately 69 percent of entrepreneurs who participate in so-called sharing economy services such as Uber, Lyft and Airbnb received absolutely no tax guidance from the companies they work with, according to a new survey.
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