Independent Owner Operators
You're out on the open road. Being an Independent Owner Operator means you have to be knowledgeable of the rules and regulations that control your industry or it could mean strict fines, penalties, and fees. If you are not careful, it could even mean losing your license and your livelihood. As an Owner Operator, there are a lot of things to consider.
Uber Tax Tips:
The burden of proof during an IRS audit is on the taxpayer. Consider using separate bank accounts for your business and personal income and expenses. The IRS mandate if a business expense is truly for the business, it should not be comingled with personal expenses.
Uber Tax Tips
Did you purchase a tractor? You can depreciate this purchase. Depreciation is a tax deduction on an asset that has a useful life of longer than a year. It is the annual allowance that permits you to recover over time the cost basis of machinery, cars, building, furniture, or equipment purchased for business use.
If you fall into one of the categories below, enter your information and click send.
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Have Tax Questions
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Need A Tax Accountant
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Have IRS Problems or Owe The IRS
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Need Business Incorporation Services
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Bookkeeping
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Business Consultation