Why Pay and Prepare Your Taxes

Have a question ? Contact@LAPremierTax.com

What Is a Tax Accountant?

Ok. So, you ask what a tax accountant is. The short answer, a Tax Accountant is someone who has been train in preparing income tax returns and is an Accountant. Thus, the term Tax Accountant refer to someone that specialize in the tax laws, rules, and regulations.

Ideally, a Tax Accountant training must include any of the following.

  • An Attorney
  • CPA – Certified Public Accountant
  • Enrolled Agent
  • Tax Practitioner

These are the four categories of people the IRS considers preparing taxes and represent their clients. The list of people practicing before the IRS is much longer. See Publication 947 (02/2018), Practice Before the IRS and Power of Attorney | Internal Revenue Service

However, a Tax Accountant must know tax laws as well as General Accepted Accounting Principles (GAAP). Sixty percent (60%) of tax filing deals with tax laws and the other forty percent (40%) deals with accounting.

So then, a Tax Accounting is someone with adequate knowledge of tax laws as well as General Accepted Accounting Principles. These two qualities are not mutually exclusive.

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

Smart Income Tax Filing for Uber & Lyft Drivers

Most Uber and Lyft drivers prepare for TAX FILING by waking up and gathering all receipts they can find laying about. Next, they walk into a tax office or a tax store with those receipts to file. Others choose the easier and simple way route to file their tax return using intuit Turbotax.

This approach is a cavalier approach. Uber and Lyft drivers have not prepare to file. They have not understood the benefits and advantages of good record keeping or partnering with a Tax Preparer or a Tax Accountant all year round to take advantages of the tax savings deductions and credits they are entitle to.

At Premier Financial Tax & Accounting Services dba Friendly Tax Services, we like to help you. We like to partner with you all year round. We are Uber and Lyft Income Tax Preparer Expert serving the Glendale, Burbank, Pasadena and Los Angeles area.. We will help you throughout the year and at year end, prepare and file your tax return for half the cost. Contact us below.

Friendly Tax Services

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. Commercial drivers just don’t have the time it takes time to keep track of those business-related expenses.


Contact Us

  • Address :

    1010 N Central Ave. Suite 415 Glendale, CA 91202
  • Call Us :

    (323)451-5768
    (866)542-9551
  • E-mail Us :

    Contact@LAPremierTax.com