Today, the House Small Business Committee held a hearing titled “The Sharing Economy: A Taxing Experience for New Entrepreneurs, Part II.”  In his opening statement, House Small Business Chairman Steve Chabot stated that the IRS is making tax compliance more difficult for “sharing economy” companies like Uber and Airbnb because these companies are not providing information to their independent contractors out of fear that the IRS will reclassify them as employees.  The National Taxpayer Advocate, Nina Olsen, testified that the IRS should expand its outreach to participants in the sharing economy who often do not understand their tax requirements.  This hearing was the second part of a hearing held on the same topic on May 24.