Hey everybody, welcome back! I know, I know, I said in the last video that would be the last video, but I couldn't help myself. I had to do one more. So, again, welcome back to the mind-blowing video series of tips, tricks, and strategies for income taxes. Again, I am your host, Tyrone Gregory, the people preneur, founder of the actionfromsquareone.com website, where I prove that the impossible is possible. And I had to do one more video simply because during the tax season, there was a lot of confusion around this one particular type of taxpayer. So, I had to do this form. So, if you are a driver for either Uber, Lyft, or the new Flex (which is not available in all areas, only in select areas), then this video is for you. But first things first, let me state this. If you are a driver for any one of these companies, then you are considered to be self-employed, which means that you are subject to self-employment taxes. And if you are unaware of what it means to be self-employed for income tax purposes, then I highly suggest that you go check out the fourth video in this series that explains all of that. So, you will not be caught off guard. And please, I'm begging you, please do not succumb to the mindset or adopt the mindset of "I'm just going to pay my taxes at the end of the year." And the reason I don't want you to do that is simple. If you owe the IRS more than $1,000 when you file your taxes, they are going to assess a penalty to that tax return. And trust me, as a self-employed individual or any individual, you do not want to pay more than you have...
Award-winning PDF software
Video instructions and help with filling out and completing When Form 8655 Deductions
