The Real Tax Guy.

Videos Live Sessions Log in Sign up

The Real Tax Guy.

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

Explore

Videos
Live Sessions
Podcasts
My Account
Book time with TJ →

Get the good stuff first

New videos, live sessions, and tax tips. No spam, no suits.

© 2026 The Real Tax Guy · Operated by THORLACKSSON, INC

Built by HummingAgent

Video library

All Shorts Podcasts Education Real Stories

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

What happens if you miss a tax form when filing

shorts

What happens if you miss a tax form when filing

The IRS matches forms like W-2s and 1099s over the summer and will send a letter if something's missing.

1 views👍 0

Gift money from parents for a house down payment

shorts

Gift money from parents for a house down payment

Up to $19,000 in gift money is not taxable income, but amounts over that trigger reporting requirements.

2 views👍 0

Why you should review your tax return for errors

shorts

Why you should review your tax return for errors

Most tax returns have $3,000 to $5,000 in errors that a second look can catch and fix.

1 views👍 0

Are there deductions for W-2 employees?

shorts

Are there deductions for W-2 employees?

W-2 employees may have deduction options worth reviewing with a tax professional.

1 views👍 0

What to do if you sold your home and got a 1099S

shorts

What to do if you sold your home and got a 1099S

Report a 1099S from a home sale on your return even if it's not taxable, or the IRS will send you a letter.

1 views👍 0

Tax rules for inherited assets vs inherited IRAs

shorts

Tax rules for inherited assets vs inherited IRAs

Inherited property often has no capital gains if sold quickly, but inherited IRAs are fully taxable when withdrawn.

1 views👍 0

Why you can't just skip filing your taxes

shorts

Why you can't just skip filing your taxes

The IRS will file for you if you don't, and you'll end up with penalties, interest, and a huge bill.

1 views👍 0

What happens if you make a mistake on your tax return

shorts

What happens if you make a mistake on your tax return

The IRS will send a letter if they find an error, not show up at your door, so report honestly and correct mistakes.

1 views👍 0

Selling your personal car is tax free in most cases

shorts

Selling your personal car is tax free in most cases

Personal property like cars isn't subject to capital gains tax, and in Minnesota you can flip up to five cars per year tax free.

1 views👍 0

Will a Doge rebate be taxable income

shorts

Will a Doge rebate be taxable income

A rebate of taxes you already paid shouldn't be taxable since it's returning your own after-tax money.

1 views👍 0

Why you still need to file even if the IRS seems chaotic

shorts

Why you still need to file even if the IRS seems chaotic

The IRS computers track your income and will file for you without deductions if you skip filing.

1 views👍 0

Are GoFundMe payments taxable income

shorts

Are GoFundMe payments taxable income

GoFundMe money is a gift so you don't owe taxes, but donors can't deduct it since it's not going to a nonprofit.

1 views👍 0

No, taxes are not voluntary in the US

shorts

No, taxes are not voluntary in the US

Taxes are mandatory, and skipping years just racks up penalties and interest with nothing gained.

2 views👍 0

What actually happens if you don't file your taxes

shorts

What actually happens if you don't file your taxes

If the IRS isn't contacting you about unfiled returns, you probably have a refund coming that you're missing out on.

2 views👍 0

What happens if you don't report gambling winnings

shorts

What happens if you don't report gambling winnings

The IRS already has your W2G, so unreported winnings trigger a letter and a bill, not jail.

2 views👍 0

Why the IRS doesn't just file your taxes for you

shorts

Why the IRS doesn't just file your taxes for you

The IRS only sees your income, not your deductions, dependents, or filing status, so you'd pay way more tax.

2 views👍 0

GoFundMe money isn't taxable, but donors can't deduct it

shorts

GoFundMe money isn't taxable, but donors can't deduct it

GoFundMe payments are gifts, so recipients don't owe tax, but donors can't deduct since it's not a nonprofit.

2 views👍 0

Selling your personal car doesn't trigger capital gains tax

shorts

Selling your personal car doesn't trigger capital gains tax

Personal property like vehicles isn't subject to capital gains tax, and you can flip up to five cars per year in Minnesota tax-free.

2 views👍 0

How college students can reduce their tax burden

shorts

How college students can reduce their tax burden

Encourages college students to consult a tax professional to keep more of their earnings.

1 views👍 0

What happens when you don't file taxes for years

shorts

What happens when you don't file taxes for years

If the IRS isn't chasing you, you either owe little or have a refund waiting that you're missing out on.

1 views👍 0

What happens if you stop paying taxes

shorts

What happens if you stop paying taxes

The IRS computer files a return for you, sends a bill, and puts a lien on you to collect later.

1 views👍 0

The IRS already has your W2s and 1099s

shorts

The IRS already has your W2s and 1099s

The IRS gets copies of all your income forms and matches them to your return in summer, so report everything.

1 views👍 0

Selling your personal car doesn't trigger capital gains tax

shorts

Selling your personal car doesn't trigger capital gains tax

Personal property like cars isn't subject to capital gains tax, and Minnesota lets you flip up to five cars per year tax-free.

1 views👍 0

When your kid goes to college and your taxes

shorts

When your kid goes to college and your taxes

Brief mention of how having a child in college affects the parent's tax return.

2 views👍 0

← Previous1234Next →

87 videos in this filter