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Real tax strategies, plain English, no suits. Free videos and live sessions from TJ Thorlackson.

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TopicsCrypto Deductions Family Irs Llc & S Corp Payroll Personal Taxes Real Estate Retirement Side Hustle Small Business Tax Fundamentals Tax Strategy

Real tax strategy is custom, not copy-paste advice

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Real tax strategy is custom, not copy-paste advice

Generic tax plans waste money; good strategy considers your age, retirement goals, and preferences.

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Why the IRS knows about your 1099 income even if you ignore it

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Why the IRS knows about your 1099 income even if you ignore it

The IRS gets copies of all your 1099s, so ignoring them just means they'll file for you with zero deductions.

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Why meal deductions won't get you audited

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Why meal deductions won't get you audited

The IRS cares about proving you spent the money, not nitpicking every lunch receipt.

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The one real estate investing rule that never changes

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The one real estate investing rule that never changes

Buy low and sell high is the only philosophy that matters in real estate investing.

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Cancellation of debt counts as taxable income

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Cancellation of debt counts as taxable income

When a creditor cancels debt you owe, the IRS considers it income because you already received the goods or services.

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Why business income beats investing for retirement savings

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Why business income beats investing for retirement savings

Business owners can shelter more income pre-tax and grow retirement funds faster than traditional investing alone.

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Why business owners can save more for retirement

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Why business owners can save more for retirement

Business owners can contribute to retirement accounts before paying taxes, unlike employees who save from after-tax income.

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What actually counts as a business expense

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What actually counts as a business expense

If you spend money to help your business, it's a business expense—don't fall for clickbait claiming you can fake deductions.

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Why most tax returns leave money on the table

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Why most tax returns leave money on the table

If your preparer doesn't sit down and discuss your business deductions, you're probably missing them.

65 views👍 1

Why wealthy people plan taxes mid-year, not in April

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Why wealthy people plan taxes mid-year, not in April

Rich people buy assets like planes or buildings mid-year to offset profits instead of scrambling at tax time.

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How wealthy people legally reduce their taxes

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How wealthy people legally reduce their taxes

Rich people stay wealthy by using the tax code to buy depreciable assets and expand their business instead of just paying taxes on profit.

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Advice for small business owners when times get tough

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Advice for small business owners when times get tough

Be willing to adjust your business plan as the environment changes instead of copying what everyone else does.

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Why most people feel lost with their tax preparer

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Why most people feel lost with their tax preparer

Many tax pros don't help clients plan ahead or build a strategy for next year.

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Why business ownership is my favorite wealth-building tool

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Why business ownership is my favorite wealth-building tool

Business lets you contribute to retirement accounts before taxes, unlike investing after-tax income.

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How a business cruise could be tax deductible

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How a business cruise could be tax deductible

A cruise with business seminars and professional speakers can qualify as a deductible conference expense.

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Why AI can't replace a real tax advisor

AI only suggests common deductions others have used, but can't evaluate your unique situation or suggest creative strategies.

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How a business cruise could be tax deductible

Bringing in experts to teach small business topics on a cruise may make the trip a write-off.

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We're planning a tax education cruise for small business owners

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We're planning a tax education cruise for small business owners

Announcing a cruise featuring investment, retirement, and insurance experts teaching small business owners, with potential write-off benefits.

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Why skipping business deductions costs you money

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Why skipping business deductions costs you money

Small side jobs might not need deductions, but larger income without expenses means paying unnecessary self-employment and income tax.

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You can amend your taxes up to three years back

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You can amend your taxes up to three years back

If your gut says your taxes were done wrong, you can go back three years with the IRS to fix them and claim missed deductions.

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Business conference cruise you can write off

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Business conference cruise you can write off

A tax-deductible business cruise covers learning about taxes, retirement planning, and business topics.

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Why cost segregation might not be right for you

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Why cost segregation might not be right for you

Cost segregation gives you a huge deduction in year one, but nothing in year two unless you keep buying properties.

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Why just dropping off your taxes isn't enough

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Why just dropping off your taxes isn't enough

If your tax preparer isn't asking questions and having conversations, you're probably missing deductions.

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What would actually happen if everyone stopped paying taxes

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What would actually happen if everyone stopped paying taxes

Government services, military, and programs like the earned income credit would lose funding since tax revenue backs them.

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701 videos in the library