What Form 2220 Misc 2023-2024

Hey, what's up guys? Rideshare Guy coming at you today, and I'm gonna be talking about your 2014 tax summary from Uber. We're gonna go over the 1099 Misc and the 1099 K, and basically what they mean for you guys, drivers out there, and also how to interpret it. Because as you probably realized by now, it's pretty damn confusing and Uber did not do us any favors as far as the calculations and/or the explanations. So, I've spent the last few hours kind of going over this and comparing it to my actual earnings, my take-home pay, and statements that I got from Uber. And I think that I've figured it out, so let's go through it together and figure it out for ourselves. So, the first thing you want to understand is what exactly a 1099 is. Now, I've seen a lot of people worried that, oh the number that Uber's giving me on my 1099, I didn't actually make that much. Now, it's really not that big of a deal because what a 1099 essentially is is when Uber or any company for that matter issues a 1099, an official 1099, all that means is that they're also going to report whatever numbers on that 1099 to the IRS, okay? So, that's all it means. Now, the IRS, especially when they say 1099, they know that you might have other deductions, you might have expenses because you guys are all business owners, right? And you might, you know, the number that's on there, if you say $10,000, Uber reports $10,000 as your earnings to the IRS. The IRS knows that it doesn't necessarily mean you made $10,000, right? You could have, you know, tons of thousands of dollars in expenses and whatever. And so, when you do your...