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Volume 85, Number 10 September 4, 2017Taxing Ride Sharing Services in New York by Timothy P. Newman and Joshua K. Lawrence Reprinted from State Tax Notes, September 4, 2017, p. 943state tax notes
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Taxing ride-sharing services is typically taxed based on the fare income generated by the rides.
Individuals or companies providing ride-sharing services are required to file taxes on the income generated from these services.
Tax forms specific to ride-sharing services can be obtained from the tax authorities and filled out with details of income and expenses related to the service.
The purpose of taxing ride-sharing services is to ensure that income generated from these services is properly reported and taxed.
Information such as total fare income, expenses related to the service, and any applicable deductions must be reported on taxing ride-sharing services forms.
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