Why Pay and Prepare Your Taxes

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Uber Driver’s Taxes

Filing Uber Driver’s Taxes Is Not As Easy As You Think

As a Uber Driver, you are technically Self-Employed or an Independent Contractor. Under California Laws (AB5) known as the gig workers law, employers are to classify you as an employee. Nevertheless, if you received a 1099-K or 1099-MISC or a 1099-NEC, the IRS classify you as self-employed. Meaning you would have to prepare your tax return showing your business Income (1099) and Expenses (Schedule C).

So you say to yourself this is easy, right? Uber have provided me with a  annual statement that tell me my monthly income, mileage drove, etc. etc. etc. This sounds good, right? Nope. The record keeping is incomplete.

Turbotax tells you it easy, sign up and do your taxes or get Expert help. That also sounds good, Right?
Nope. Here is why. You need to speak with the Tax Expert to guide him or her as to your expenses for the year. The Tax Expert will also need to sometimes see the physical copy of the document that make up the expense so as to categorize that expense.

At PREMIER Financial Tax & Accounting Services dba Friendly Tax Services, we can help you with this.
That is what we do. WE ARE EXPERTS.

Call Us (866)542-9551 | (213)418-9600

 A Tax Expert is a Phone Call Away

Can A Tax Preparer prepares Tax Returns If They Owe the IRS

The answer is no. If you owe the IRS, you will need to pay the IRS to continue as a Tax Preparer.

Attorneys, certified public accountants, enrolled agents or anyone who gets paid to prepare tax returns may owe a penalty if they don’t follow tax laws, rules and regulations.
https://www.irs.gov/payments/tax-preparer-penalties

What is a CP53A IRS Letter?

Question: Why did I get a cp53a from the IRS if I didn’t file taxes for 2020 it came in my child name also her father filed not me?”

The IRS CP53A Letter means IRS tried to deposit your tax refund into your bank account but your bank cannot process the submission. The IRS will research your account but it will take 8-10 weeks to reissue your refund. The IRS maybe trying to get a hold of someone that’s why you are getting this letter

The letter usually ask you “please follow up your refund by calling IRS to this number 1-866-682-7451.”

Tax Refund Advance | Refund Transfer

A Tax Refund Advance or Refund Transfer are both bank products. Meaning that the taxpayer has opted to have his or her refund deposited with a bank of his or her choice.

The difference is that a tax refund advance is a loan. Where as a tax refund transfer is a means by which you pay the tax Preparer’s fee.

PREMIER Financial Tax & Accounting Services dba Friendly Tax Services offer both these services. A Refund Advance and Refund Transfer. We partnered with the premier banks, Republic Bank & Trust Company in Louisville, Kentucky and Santa Barbara Tax Products Group a Green Dot Company to get you the best service.

Contact Us or Call Us – (866)542-9551

    If My Income or Adjusted Gross Income AGI is only 10,380; Do I have to file CA State Income Taxes?

    If your Income or Adjusted Gross Income AGI is only 10,380; You do not have to file a CA State Income Taxes also? The answer is No.
    There is a minimum income and it depends on your filing status and age. In 2020, the minimum for single filing status if under age 65 was $12,400. If your income is below that threshold, you generally do not need to file a federal tax return.

    Friendly Tax Services

    LA PREMIER Tax dba Friendly Tax Services is the premier income tax preparation firm for individuals, families, small business owners and the self-employed; Uber, Lyft, Taxi, and Limousine drivers; Actors, Independent Contractors and Entrepreneurs. We have empathy and understand the toll driving takes on Uber, Lyft, Taxi, and Truck drivers. That driving is time consuming. Uber drivers just don’t have the time it takes time to keep track of those business-related expenses.


    Contact Us

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      17547 Ventura Blvd., Ste 102 Encino, CA 91316 ___________________________________ Los Angeles County California
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      Contact@LAPremierTax.com
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