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Rideshare Drivers
Rideshare drivers are a unique population of self-employed taxpayers. They all do the same thing, maybe providing varying levels of luxury and services; they answer calls to pick up clients, transport them to a specified location, and repeat. As tax preparers, we inherently understand that there will be some mileage to deduct as a qualified business expense but what else might there be?
Below is a discussion on the tax implications for this group of self-employed taxpayers and how we can prepare an accurate return for them.
There is a growing body of GOOD advice for these taxpayers. The Get It Back Campaign - Tax Credits for People Who Work put together a comprehensive explanation on how to count income, track tax deductions and pay estimated taxes. (click below)
Counting income
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Eligible Business Expenses
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Suggestion: Pay estimated taxes
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