Self-Employment-Uber and Lyft Drivers

With the rise of the sharing economy, many taxpayers find that ride-sharing companies such as Uber and Lyft are contributing ever larger portions of their income.  This income carries with it some specific tax reporting obligations, however.  The link below provides an excellent summary regarding these obligations:

Uber Partner Tax Reporting Guide

Please note that this link is being provided solely for its educational value and is not meant to be a referral or endorsement of the H&R Block, which prepared the information, given that the Clinic does not make any referrals to paid preparers.  For free tax preparation through a Volunteer Income Tax Assistance (VITA) site, click here.