How to prepare tax returns for Uber, Lyft, Door Dash, or other contract driving income
“Income Tax Guide for Rideshare and Contract Delivery Drivers,” the first handbook to offer a comprehensive, nuts and bolts overview of the tax issues facing rideshare and contract delivery drivers.
“Every year, there’s a lot of confusion within the rideshare community about what expenses can be deducted on a tax return,” said the book’s author, John C. White.
“There are a lot of important decisions that have to be made at tax time, and some will affect the tax returns of a driver for years to come,” he said. For example, should a driver claim Actual Car Expenses, or use an alternate Standard Mileage Rate that the law offers? Making an informed decision on this issue alone, he said, is absolutely critical, and can have long-term consequences.
The guide explains, in plain language, more than 60 different expenses that rideshare and contract delivery drivers might incur in the course of business. The author points out which of these expenses are deductible, how much of each expense can be deducted, and where to claim each expense, if it is deductible.
The guide also includes sections on tax credits related to rideshare and contract delivery, tips on preparing Schedules C and SE, and suggestions for business record-keeping.
John C. White is an attorney, and worked for the Internal Revenue Service for more than 20 years as a Tax Examiner, Revenue Officer and Tax Analyst.
- As a Revenue Officer, he was the Technical Assistance Coordinator and Self-Employment Tax Coordinator for the Austin, Texas, Examination, Underreporter and Accounting functions. He provided detailed tax law direction on thousands of individual income tax issues to these branches.
- As a Tax Analyst for almost a decade, he wrote software requirements for the IRS’ Modernized eFile and Error Resolution Systems. In 2016, he received the prestigious Commissioner’s Award for his work writing the requirements necessary for implementation of the Affordable Care Act.
He has also been a frequent contributor to the Internal Revenue Manual, the IRS’ official handbook of tax guidelines and instructions for its personnel.
“Income Tax Guide for Rideshare and Contract Delivery Drivers” is available in paperback and Kindle formats at Income Tax Guide for Rideshare and Contract Delivery Drivers. Additional information is available at Amazon.