How to Report Your Taxes as an Uber Driver If you do it in a smart, strategic way, you can save a lot of money.
Opinions expressed by Entrepreneur contributors are their own.
With Uber, Lyft and other ridesharing companies continuing to expand their fleet, more people are applying to be drivers to make some extra cash. But when it comes to how to handle this income for taxes, it can be tricky.
In this video, Entrepreneur Network partner Mark Kohler discusses how drivers of ridesharing companies should report their taxes.
To set yourself up for success, it is important to be organized and track everything. Kohler suggests to use an Excel spreadsheet, along with a separate bank account or credit card.
Once that is done, make sure you write off everything and focus on deductions.
To learn more about how to report your taxes as a ridesharing driver, check out the video.
Watch more videos from Mark J. Kohler on his YouTube channel.
Related: 4 Tips for Protecting the Corporate Veil
Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.
EN is partnered with hundreds of top YouTube channels in the business vertical and provides partners with distribution on Entrepreneur.com as well as our apps on Amazon Fire, Roku and Apple TV.
