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1:11shorts
Can you deduct a private jet to your rental property?
Travel expenses to rental properties are deductible, even a chartered jet, as long as you can justify the expense to the IRS.
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1:21shorts
Business travel expenses are fully deductible
Track all travel costs including first class flights, hotels, rental cars, and mileage — they all reduce your taxable income.
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0:56shorts
You can't write off missed appointments as lost income
You can only deduct money you actually made and lost, not income you never received from no-shows.
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0:40shorts
How business deductions help you keep more money
Turn everyday expenses into tax-free benefits through a business, then only pay tax on the remaining profit.
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1:10shorts
Why lying about mileage deductions will catch up to you
The IRS knows inflated mileage claims don't match your income, and when they catch up it hurts.
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1:01shorts
How 1031 exchanges postpone capital gains tax
A 1031 exchange lets you move capital gains to a new property, but you pay the tax when you eventually sell.
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1:06shorts
Door dashers are missing half their mileage deductions
The app only tracks miles during active deliveries, but driving between jobs and to pickups is also deductible.
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1:03shorts
Common real estate tax mistakes to avoid
Real estate investors often miss valuable tax benefits they should be claiming.
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1:05shorts
The ribeye effect explains why business deductions save money
Business owners can deduct expenses, effectively paying half price compared to W2 employees who pay with after-tax dollars.
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1:10shorts
Three business deductions most people miss
Meals, mileage, and phone or internet are commonly overlooked deductions for small business owners.
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0:51shorts
Year-end business expenses need to happen before December 31st
Review your profit and loss, then make necessary purchases before year-end to deduct them on this year's taxes.
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1:02shorts
Home office expense is only a percentage of your home
You can only deduct the percentage of your home used as an office, not your whole mortgage or utilities.
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0:59shorts
How college students can reduce their tax burden
Encourages college students to consult a tax professional to keep more of their earnings.
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0:56shorts
How I decide if a deduction is too aggressive
I walk clients through whether a deduction like business meals is reasonable before putting my name on the return.
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1:26shorts
LLC vs S corp and why you need to know the difference
Check your IRS SS4 letter to see if you're a single-member LLC or S corp, since S corps skip that 12% self-employment tax.
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1:06shorts
Three business deductions most people miss
Meals, mileage, and phone or internet costs are commonly overlooked because people forget to track them or fear audits.
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1:02shorts
When to switch from sole proprietor to S corp
Switch to an S corp when you're making enough that the self-employment tax savings on profits outweigh the payroll requirements.
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0:24shorts
Why fake mileage deductions will get you audited
Writing off way more miles than you actually drove is lying and the IRS will catch it.
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1:23shorts
Why business owners build wealth faster than W2 employees
Lower your taxable income by taking a smaller salary and using legitimate business reimbursements for mileage, meals, and travel.
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1:05shorts
How contractors lose their profit margin to hidden costs
The third-third-third rule explains why contractors often have nothing left after paying staff and overhead due to unbid expenses.
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0:50shorts
You can write off business meals close to your office
There's no IRS rule requiring business meals to be 30+ miles from your office to be deductible.
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1:21shorts
What counts as a business deduction
If you needed an expense to make your business better or move forward, it's a business expense.
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1:04shorts
Common business deductions explained quickly
Quick yes-or-no rundown of what counts as a business deduction, from mileage and meals to home offices and travel.
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1:08shorts
How the IRS catches people who inflate deductions
The IRS computer flags returns where deductions are disproportionate to reported income, like huge mileage claims on small earnings.
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