| Saw the report on TV.... it was the Uber driver fault for not contacting a CPA. He had a choice for tax returns filing, either Actual Expenses or IRS Mileage. Driver chose the Actual Expense - which will never be larger than the Mileage for an Uber/Lyft driver... Why? Because they are required to have NEW or NEWER vehicles in order to be on the Drivers list. Newer cars simply do not require the major maintenance and repairs as an old car. Also, take a look at the type of car they are using- Hybrids. Those do not use the gas that helps push up the Actual Expenses. |
