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TopicsCryptoDeductionsFamilyIrsLlc & S CorpPayrollPersonal TaxesReal EstateRetirementSide HustleSmall BusinessTax Strategy
0:55shorts
Why cash payments for business expenses can backfire
Using cash for business expenses without proper documentation is technically cheating and comes with real consequences if caught.
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0:28shorts
Business meals are legitimate deductions
If you spent money on a meal to help your business, it's deductible, so stop giving that money away.
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0:45shorts
Mid-sized businesses often miss deductions without help
Small businesses big enough to have real money but too small for in-house accountants often miss what they can deduct.
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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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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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1:29shorts
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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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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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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2:16shorts
Tax tip from TJ
Straight talk from TJ, The Real Tax Guy.
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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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0:43shorts
How travel influencers deduct their trips
Travel creators can deduct expenses when doing 2-4 hours of business daily, but personal vacation days don't qualify.
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1:21shorts
Is it deductible? Quick-fire tax questions answered
Common expenses like podcast gear, meals, and travel can be deductible if they have a legitimate business purpose.
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1:03shorts
Why some people are afraid to use deductions
The IRS's job is just to verify you actually spent the money you're claiming as deductions.
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1:00shorts
Why the IRS calls your business a hobby
If you start a business just to lose money and offset W2 income, the IRS may call it a hobby and disallow all those losses.
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