[UberLAguy]

How about this:

His sibbling would own and sole proprietorship or either S or C corporation, and this business structure would hire him to do the driving. All income made from his work, Uber is to pay to the bank account of this business, with appropriate TAX ID, then each month the structure would pay him and small amount?

 

[UberLAguy]

Here

 

[UberLAguy]

Came here to say that. I rarely had income worth documenting. Too many expenses to write off!

Can you please list the examples of these expenses? Please.

 

[UberLAguy]

If you make a few dollars more than the $21,000 limit, you will lose medical. The only way to make it work, is to make no more than $34,000/ year because they use a standard formula of your net being 60% of gross income and they ask for your last two months Uber monthly pay statements.

When I had to requalify, I literally netted less than $34k for the year, but my previous 2 months earnings statements were from my busiest months, so they based their calculations on my making that amount consistently throughout the year, and took me off medical.

This is just my experience, but I would not advise making any more than $2800/ month, in order to maintain coverage.

I think if you do it through an LLC or S corp then it is different.

60 percent of gross personal revenue is 0.

Your income will be the revenue of the S Corp minus the expense. This will be very little after đeduction