filing taxes as uber driver with EIN

Forum|Forum|4 years ago
December 16, 2021
2 replies
58 views

so I’m now learning that in order to contribute money to a solo 401k that I will need an EIN. Ok cool I can get that easily for free from the feds.

I can also contact a company I contract with like Uber and have them update my tax standing to use my new EIN. Ok cool easy.

So now the 1099 will show this new EIN as having income instead of me.

But then I guess I would need to file a completely different set of taxes for this new federal tax id number right?

And because this is my only income, that means I would have no income, so I would lose out on the standard deduction?

(no I’m not asking for specific tax advise)

Not A Product Question

Best answer by rjs

Your Schedule C will have your EIN in addition to your Social Security Number. Except for entering the EIN, you file exactly the same as if you didn't have an EIN. It's not at all "a completely different set of taxes." It's exactly the same, except that you enter your EIN when TurboTax asks for it. It's still your personal income.

Opus 17

Level 15

No, you still file a single personal tax return that includes a schedule C for your self-employment, you will just list the EIN on the schedule C instead of your SSN.

mrtk31Author

Level 4

oh my god thank you so much for the help!!!!!

mrtk31Author

Level 4

what if I have 1099 income with my social, and also 1099 income with my EIN? Meaning I did work as my company using the EIN and then some different type of work just as me using my social.

So if I have both kinds of income I can't just put my EIN instead of my social on my sch C right?

I would have to file 2 completely different taxes as 2 different entities I assume?