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TopicsCryptoDeductionsFamilyIrsLlc & S CorpPayrollPersonal TaxesReal EstateRetirementSide HustleSmall BusinessTax Strategy
0:31shorts
When DIY taxes cost you money you never knew you lost
Complex situations like kids, business income, or credits have hidden savings you'll miss without professional help.
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0:33shorts
What's your favorite business deduction?
TJ asks about favorite deductions and offers to help with any kind of business.
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0:51shorts
Can you cut a deal with the IRS if you owe money
Brief intro asking if deals with the IRS are possible when you owe taxes.
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1:01shorts
When you can actually write off meals as a business expense
Business meals that benefit your company are deductible, but keep them reasonable and trust your gut on what makes sense.
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1:11shorts
Why shell companies to lose money don't actually work
Start a real business, enjoy legitimate expenses tax-free, and pay a little more tax on real profit.
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0:51shorts
What really happens if you don't file a tax return
The IRS usually won't jail you for not filing, but they may file a return for you with no deductions.
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1:00shorts
What to do if you get a 1099 from Venmo
Report personal Venmo payments on Schedule 1; business payments can be offset with expenses.
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1:05shorts
Why you should file taxes even if IRS changes
The IRS collections department can take money directly from your bank account if you don't file and owe.
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1:03shorts
Tax strategies for rental property owners
Send your tax return for review to find rental property tax strategies you might be missing.
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1:10shorts
How people get away with not filing taxes for years
Explores how some people avoid filing tax returns for extended periods without immediate consequences.
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0:53shorts
Why you should file even with low income
If taxes were withheld from your paycheck, filing is the only way to get that money back as a refund.
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0:54shorts
Why W-2 employees struggle to build wealth vs self-employed
Compares the wealth-building challenges W-2 employees face versus self-employed individuals.
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0:49shorts
Do you really need to keep boxes of receipts
Use one dedicated card or bank account for business expenses and let the statements do your bookkeeping.
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1:06shorts
How to get the most deductions legally
Tell the truth and actually claim the business expenses you're entitled to, like phone, internet, meals, and mileage.
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0:46shorts
Why W-2 employees love tax season but business owners don't
W-2 employees often get refunds while small business owners typically owe taxes at filing time.
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0:56shorts
How to shift personal expenses to your business side
Use your business income for deductible expenses like meals, travel, internet, and phone, then pay taxes only on the leftover profit.
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0:27shorts
Travel expenses to your rental property are deductible
You can deduct mileage, hotels, meals, and rental cars for trips to manage your rental properties.
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0:53shorts
Can you deduct a private jet to visit your rental property
The IRS can't dictate how you travel to rental properties, just that travel to get there is a deductible business expense.
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1:12shorts
What actually makes a meal tax deductible
The IRS can't verify if you discussed business, so focus on meals that legitimately help your business and keep them proportionate.
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1:02shorts
Why a side business is the key to building wealth
A W-2 job plus a business with legitimate deductions keeps your taxable income low while you live well.
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0:44shorts
The IRS can't tell you what to buy for your business
You don't have to buy the cheapest option to deduct it—the IRS just asks you to record your expenses.
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1:08shorts
What happens if you just don't file your taxes
The IRS will eventually file a return for you with no deductions, then collect what you owe.
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0:40shorts
What happens if you ignore a Venmo 1099
Small amounts may slide, but ignoring large Venmo income year after year can look like tax fraud to the IRS.
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0:48shorts
How buying an airplane can wipe out your business taxes
A business airplane purchase can be fully deducted in year one, potentially zeroing out your taxable profit.
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688 videos in the library