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TopicsCryptoDeductionsFamilyIrsLlc & S CorpPayrollPersonal TaxesReal EstateRetirementSide HustleSmall BusinessTax Strategy
1:07shorts
You still owe taxes if the company that paid you shuts down
Income you already received is taxable even if the business that paid you closes or gets banned.
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1:01shorts
Meal expense documentation doesn't need to be complicated
Use a credit card to track where you ate and the amount; detailed notes about who you met aren't required.
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0:46shorts
You don't need an LLC to be a business
You're a sole proprietor the moment you start selling, with or without an LLC.
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1:03shorts
How to report Venmo 1099-K income on your taxes
Split Venmo 1099 between business income and personal transactions on schedule one.
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0:24shorts
Live Q&A announcement for January 5th at 6pm CT
Announcement of an upcoming live tax question session on January 5th at 6pm central time.
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1:08shorts
When business travel deductions are legitimate vs risky
If your business trip is real and necessary, the deduction is legal; if you're lying about it, you should worry.
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1:16shorts
Why you should sit down with your tax preparer
A farm client saved thousands just by having a conversation about expenses he forgot to claim.
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0:48shorts
What services does The Real Tax Guy offer
Overview of tax strategy, return reviews, and preparation services available.
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1:10shorts
You do have to pay taxes, don't fall for that trick
The W4 exempt box only stops withholding, it doesn't remove your tax obligation.
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1:11shorts
Soft audits vs hard audits and why neither is that scary
Soft audits just ask you to verify info by mail; hard audits review bank statements and expenses, but both are manageable if you told the truth.
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0:56shorts
Making $400k tax-free as a college student with real estate
Brief mention of a tax-free real estate strategy for college students, with an offer to help businesses in all 50 states.
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0:53shorts
Why TJ got into taxes 30 years ago
TJ shares how helping bar owners find thousands in missed refunds turned into a 30-year passion for small business taxes.
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1:07shorts
Why running your business on cash is a red flag
The IRS gets suspicious when no bills are paid through a bank, and they'll assume you're avoiding taxes.
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0:52shorts
You don't need an LLC to be a business
You're a sole proprietor the moment you start selling, with or without an LLC filing.
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1:17shorts
What happens when you lie on your tax return
Fake deductions may slip past the IRS initially, but audits bring penalties, interest, and the full tax bill.
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0:37shorts
Those IRS secrets videos are just clickbait
Videos claiming the IRS is hiding secrets from you are nonsense; a 30-year tax pro would know before a random influencer.
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1:09shorts
How young people can start building wealth early
Brief mention of wealth-building for those in their 20s, with a reference to a tax-deductible cruise opportunity.
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0:55shorts
Why your tax strategy depends on your specific situation
The right deductions depend on your business type, profits, and household income from W2 jobs.
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0:51shorts
Will you go to jail for not filing your taxes
Tax fraud can mean jail, but most non-filers just get a bill from the IRS that can often be reduced by filing properly.
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1:03shorts
How college students can build tax-free wealth with real estate
Buy a fixer-upper, split costs with roommates, live there two years, and sell tax-free as personal property.
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1:11shorts
How to stretch a business trip into a longer deductible stay
Plan meetings on Friday and Monday to make weekend hotel and meals tax deductible as part of your business travel.
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1:11shorts
Real estate investing risks they don't mention online
Leveraged properties can collapse like dominoes if one fails, and tenants cause more headaches than influencers admit.
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1:22shorts
Augusta rule requires actual staff meetings at your home
The Augusta rule deduction requires real staff visits and fair market value, not an automatic $40K write-off.
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0:38shorts
What counts as a business trip for tax purposes
Business trips need a business purpose, and you can deduct travel days plus any days you work, including weekends between meetings.
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