Category Archives: Record Keeping

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Tax Tips for Gig Workers – Uber | Lyft | DoorDash...

Prior to covid-19, the gig economy seems to be on steriods. The emergence of Amazon, Uber and Lyft, Airbnb, InstraCart, Grubhub, DoorDash were all new entries into the way we now live. More and more people tend to use gig work to supplement their...

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IRS Rules Regarding 1099’s

Below are the IRS 1099-Misc. rules regarding paying someone for services   File Form 1099-MISC for each person to whom you have paid during the year: At least $10 in royalties or broker payments in lieu of dividends or...

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What is Schedule C (Profit & Loss)? – Uber, Lyft, Taxi...

If you earned $600 or (someone pay you $600) or more, you were not an employee of a company or the person that paid you the $600, you are consider Self-Employed or an Independent Contractor for IRS tax filing. You will have to file Form Schedule...

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Tax Planning Requires Good Record Keeping

The Internal Revenue Service - IRS encourages people to plan for tax each season. Like all of us, we just don't pay much attention our personal finances as we should. Below are tips recommended by the IRS What taxpayers can do now to get ready...

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Smart Income Tax Filing for Uber & Lyft Drivers

Like most Uber and Lyft drivers i.e. gig economy or rideshare workers such as DoorDash Driver, InstaCart, UberEats, Postmate, or Airbnb workers prepare for tax filing by waking up and gathering receipts laying around or pulling out receipts...

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