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TopicsCryptoDeductionsFamilyIrsLlc & S CorpPayrollPersonal TaxesReal EstateRetirementSide HustleSmall BusinessTax Strategy
0:53shorts
How buying an airplane can zero out your business taxes
A $350,000 airplane purchase can be written off entirely in year one, potentially eliminating your tax bill.
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1:00shorts
How the IRS catches people who lie on their taxes
The IRS uses computers to flag returns where deductions are disproportionate to income, like claiming 75,000 miles on $12,000 of Uber income.
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0:43shorts
Hobby loss rule if your business keeps losing money
The IRS may call your business a hobby if you lose money for years, limiting your deductions.
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1:05shorts
Why I work seven days a week during tax season
A tax accountant explains his mission to educate clients because most tax pros don't take time to talk.
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0:52shorts
How the IRS decides if your business is a hobby
If you lose money for years, the IRS may call it a hobby and limit your deductions to only the income you made.
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1:07shorts
The tax deductible cruise and other wild tax advice
Teaser for a discussion about unusual tax advice, including info on a tax-deductible cruise event.
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1:09shorts
Truck drivers miss these deductions all the time
Long-haul truckers can claim per diem ($70-80/day) and mileage on their personal vehicle for parts runs.
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0:45shorts
Business travel deductions you might be missing
Business trips are deductible if the purpose is business, travel days count, and you keep receipts or track mileage.
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0:46shorts
Stop being afraid to write off legitimate deductions
Many people avoid valid deductions like meals out of fear, but you're just giving money to the government.
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1:06shorts
Common deductions real estate owners forget to claim
Many landlords miss mileage, phone, and internet deductions because no one asks them the right questions.
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1:15shorts
Inheritance tax mistakes that cost you thousands
Inherited money can add to your taxable income, so don't spend it all before setting aside what you'll owe the IRS.
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1:29shorts
Why business deductions aren't cheating the system
Deductions shift taxable income through the economy rather than eliminating tax revenue entirely.
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1:06shorts
Online business tax mistakes to avoid
Brief mention of common tax issues for e-commerce and online businesses.
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1:06shorts
Why you shouldn't ignore Venmo 1099s from the IRS
Report Venmo income on Schedule C, deduct expenses, and pay the tax rather than risk IRS garnishing wages or bank accounts.
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0:39shorts
Handing out business cards doesn't make it a business trip
A trip needs a real business purpose, not just exchanging cards while vacationing, or you risk IRS penalties later.
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0:50shorts
Should business owners worry about audits
Brief intro to whether business owners should be concerned about IRS audits and tax return rules.
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1:40shorts
What travel expenses are deductible on a business trip
Your travel day expenses like mileage, hotels, meals, flights, and rental cars are all deductible against your business income.
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0:54shorts
Why calling your vacation a business trip doesn't work
The IRS looks at the purpose of your trip, not whether you handed out business cards or picked up flyers.
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1:14shorts
Uber drivers can deduct miles between rides too
The miles you drive waiting for your next Uber job are deductible, not just the ones shown in the app.
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0:54shorts
Rental property deductions most landlords forget
Mileage to your rental, meals while working on it, and knowing repairs vs capital improvements can save you money.
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1:05shorts
Will the proposed $5,000 DOGE rebate be taxable
A potential government rebate from spending cuts would likely be non-taxable since it's a reimbursement of taxes already paid.
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2:16shorts
Tax tip from TJ
Straight talk from TJ, The Real Tax Guy.
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1:02shorts
What it actually takes for the IRS to put you in jail
You need to intentionally cheat and hide money repeatedly for the IRS to pursue criminal charges.
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1:00shorts
Business meals don't have special rules you think they do
The IRS cares about proportion, not whether you discussed business or met during work hours.
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