Emilian

Ride Apprentice

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Comments by Emilian

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     7 months ago in  Lyft LLC Tax Payout

    Regarding the problem with verifying your tax information, it's possible that the recent establishment of your LLC might be a factor. It can take some time for information to be updated in various systems, and this could be causing the verification issues with Lyft's third-party processor. It's good that you've already provided them with the SS-4 and 147C forms, which should help in the verification process.

    One more option is this guide: https://consumerattorneys.com/article/how-to-reactivate-your-lyft-account

    As for depositing your Lyft payments into a business account, you might consider opening a regular checking account in your name and then transferring the funds from that account into your business account. Many small business owners follow this approach, as some platforms like Lyft may not directly deposit into business accounts. Just make sure to keep clear records of these transfers for your tax and accounting purposes.

    I would also recommend staying in touch with Lyft support to check on the progress of your verification. Sometimes, these issues can be resolved with a bit of time and persistence. It's frustrating, but it's good that you're actively working to resolve it.

    I hope this helps, and I wish you the best of luck with your LLC and Lyft driving. If you have any more questions or need further assistance, feel free to ask.