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TopicsCryptoDeductionsFamilyIrsLlc & S CorpPayrollPersonal TaxesReal EstateRetirementSide HustleSmall BusinessTax FundamentalsTax Strategy
1:10shorts
How wealthy people legally pay less in taxes
Rich people follow all the rules and find deductions that work for their situation.
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0:49shorts
How a business cruise could be tax deductible
A cruise focused on business education and learning may qualify as a deductible business expense.
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1:01shorts
First time abatement can remove IRS penalties
If you've paid taxes on time for 4-5 years, you can request a first time abatement to remove late filing and payment penalties.
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0:32shorts
How to tell if you're missing business deductions
Compare your Schedule C profit to what you actually pocketed—if they don't match, you've likely missed deductions.
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0:31shorts
Why I treat tax returns like a video game
Finding money clients didn't know they were owed makes the boring parts worth it.
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1:01shorts
Putting kids on your board to write off trips is fraud
Adding children to your board just to deduct family vacations is tax fraud the IRS will catch.
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0:47shorts
What would Santa's tax return look like
A fun breakdown of Santa's potential deductions from elf payroll to sleigh mileage to reindeer expenses.
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0:47shorts
One typo cost her $4 million in taxes
A client accidentally entered $19 million instead of $19,000 for Social Security, triggering a $4 million tax bill.
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0:47shorts
Buy assets and pay bills before year end to reduce taxes
Accelerate asset purchases and pay outstanding bills before December 31 to maximize this year's deductions.
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1:03shorts
Borrowing someone else's kids for the earned income credit
Claiming other people's kids for the earned income credit is fraud and can ban you from the credit for 10 years.
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0:18shorts
There's no secret IRS conspiracy, just a public website
The IRS posts all their rules publicly online; tax pros just read it and get the answers.
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0:53shorts
How to write off a business trip to the Bahamas
Travel days, work days, and weekends between meetings all count toward making a trip tax-deductible.
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1:05shorts
Why your tax preparer should actually talk to you
If your tax office never asks questions or gives advice, you might be missing deductions you don't even know about.
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1:09shorts
New tax bill benefits for seniors and car buyers
Seniors get a higher standard deduction, and there's a new deduction for buying a car, but read the rules before claiming.
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1:04shorts
Free tax review to see if you overpaid last year
Offering to review last year's taxes for free to find out if you got screwed.
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0:44shorts
Your tax preparer should be teaching you about deductions
If your tax preparer isn't explaining what you can write off, you might be missing money on your return.
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1:15shorts
Why refusing to file your taxes as protest backfires
The IRS will file a return for you, collect through levies, and seize future refunds automatically.
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1:03shorts
Why the IRS created hobby loss rules
The IRS created hobby loss rules in the 70s and 80s to stop people from deducting personal losses from side businesses like Mary Kay.
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1:06shorts
The truck write-off is about towing capacity, not weight
The IRS heavy vehicle deduction is meant for work trucks, not buying an Escalade for your small side business.
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0:52shorts
What I do after tax season ends
Free tax return reviews often find missed deductions because everything you need for your business is deductible.
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1:12shorts
Why fake business losses will catch up with you
The IRS watches for repeated business losses and will eventually catch fabricated deductions.
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1:03shorts
What I mean by playing the tax game
Tax planning means meeting with your accountant in October to make strategic moves before year-end, not just handing over numbers in January.
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1:04shorts
Why online tax software fails small business owners
Online tax software limits Schedule C categories, causing self-employed filers to miss thousands in legitimate deductions.
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1:01shorts
Tax membership for year-round help with questions
Promotes weekly office hours membership where you can get ongoing tax help and answers throughout the year.
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