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  1. Taxes
    Am I the only person whose been waiting months for the IRS to send me my money? I Did my taxes in March... and now its nearly August. For w2 workers, it might be better to just pay as little taxes as possible from each paycheck, put the rest of your tax-paying money into a savings account...
  2. Taxes
    I just became an Uber driver over the weekend, I've only done a few trips and made about a total of 70 dollars. I was told that if I made over 600$ I have to file 1099 form to the IRS, where do I get the form? What do I write on it? How do I submit it?
  3. Taxes
    In Nevada State a State Business License (Corporation or LLC Filing) is required for Uber as a driver. Uber classifies its drivers as “independent contractors”. Every year, Uber must file by law IRS Form 1099-MISC and/or 1099-K with the IRS and my state tax agency reporting how much Uber paid...
  4. Delivery
    IRS says costs of operating an automobile is 54 cents/mile. Postmates pays me 58 cents/mile. IRS: https://www.irs.gov/credits-deductions/individuals/standard-mileage-rates-at-a-glance
  5. Taxes
    The IRS rules technically require a "Destination" for each line of the mileage log. I record my odometer when I start driving (go into driver mode) and when I stop (go out of driver mode). Usually I'm at home both times. What do you guys put for "Destination" in your mileage log?
  6. News
    This news article from Forbes claims that Millennials are the worst culprits!!! https://www.forbes.com/sites/kellyphillipserb/2017/09/21/side-hustlers-skipping-out-on-an-estimated-216-billion-in-taxes/#89d1b08a8d6c
  7. News
    https://skift.com/2017/07/21/irs-airbnb-host-uber-income-taxes-payments/ "That's going to raise a ton of money," said Caroline Bruckner, managing director of American University's Kogod Tax Policy Center in Washington. Billions of dollars in taxable income are probably going unreported every...
  8. Taxes
    UBER may not want to do it so drivers don't realized the very low earning or loses per hour or per mile and: RATES NEEDS TO BE: $3 base, $1/mile and $0.5/min NO LESS THAN MINIMUM WAGE Earnings of UBER are too high; and prices to riders are too low .... drivers are loosing. FOLLOWING IS WHAT...
  9. San Francisco
    Was checking my Driver Dashboard today and noticed that Uber has already posted a preliminary summary of our 1099-K and 1099-MISC tax forms ! This will be my third year filing my own (Uber related) tax returns, and I use TurboTax Home & Business Edition ,which includes Schedule C forms. So, I...
  10. Taxes
    As an Uber driver, I'm putting a ton of miles on my car and I need to claim as many as I can on my taxes. I started a thread asking for advice (see here) about the easiest way to track miles and got a bunch of suggestions. It seemed there was no consensus, and no one had really done a thorough...
  11. San Francisco
    Hey, Does anybody know where can uber "partners" find 1099 tax form and their annual income? Does uber send it by mail, if yes when?
  12. Gainesville
    http://www.forbes.com/sites/kellyphillipserb/2016/08/22/uber-drivers-airbnb-hosts-get-tax-tips-as-irs-launches-new-web-page-on-shared-economy/#2d0c644148c0 https://www.irs.gov/businesses/small-businesses-self-employed/sharing-economy-tax-center
    irs
  13. Taxes
    The IRS has a new web page addressing issues of the 'shared economy' https://www.irs.gov/businesses/small-businesses-self-employed/sharing-economy-tax-center#expenses
  14. Taxes
    I've seen quite a few of these tax guides, but this one was the most in-depth/helpful, and helped me realize a few deductible expenses I wasn't taking.
  15. Taxes
    So for quarterly tax prep my CPA is telling me the following: 46% of net earnings 25% Fed 15.3 % FICA 3.07% State 3% City Pittsburgh, PA Having zero experience with taxes, is this remotely correct? I've read about 25-30% is what should be set aside for taxes. But nearly half? That seems way...
  16. Taxes
    Hello i recently started driving and wanted to be sure i get the 0.56 or so per mile deductions as expenses for driving , what sort of log do i need to keep and what is allowed to be logged? can i log my milage when i turn on the app and log it again when it ends ( ideal simple method ). can i...
  17. Advice
    For anyone who's driving in a market with less than $1/mile rates (here's lookin' at you, Detroit!), we need to be honest with ourselves and accept the fact that we're just driving at a loss. If you look at it, we're really not much different than your local not-for-profit, charitable...
  18. Taxes
    My girlfriend and myself financed a car in 2015. At the time, my credit was really bad so we decided to put only her on the bank loan (lower interest rate), and the bank held the title (until we pay it off). After we financed the car, she was put on the vehicle registration but she added me on...
  19. New York City
    I went to Ray de Jesus Insurance in Corona Queens on 102-09 37th ave and I didn't have any idea how much money I could save just by driving with my TLC car. He really knows how to work the system of taxes for drivers. Will use him for ever now!
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