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

How travel influencers write off their trips

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How travel influencers write off their trips

Travel influencers can deduct trips because travel is their job and they're making money marketing for hotels.

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When travel deductions to rental property go too far

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When travel deductions to rental property go too far

Travel to rental properties is deductible, but chartering a private jet instead of flying coach will get you flagged by the IRS.

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How to track your business deductions

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How to track your business deductions

Join the Explorer membership for advice, videos, and live office hours to help track business expenses.

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Working remotely on vacation doesn't make it a business trip

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Working remotely on vacation doesn't make it a business trip

Your reason for the trip matters—if it's vacation, you can't deduct it just because you worked while there.

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Why the IRS might call your business a hobby

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Why the IRS might call your business a hobby

If your business only creates losses, the IRS can reclassify it as a hobby and make you repay years of tax savings with penalties.

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What travel expenses are deductible on a business trip

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What travel expenses are deductible on a business trip

Business travel costs like mileage, hotels, meals, flights, rental cars, and even lounge memberships can be deducted from your income.

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You can deduct meals without a 30 mile rule

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You can deduct meals without a 30 mile rule

There's no IRS rule requiring meals to be 30 or 50 miles away to be deductible; just keep credit card records.

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Why cheap tax prep might cost you thousands

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Why cheap tax prep might cost you thousands

DIY software doesn't catch missed deductions like travel, meals, and other write-offs you're entitled to.

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Equipment purchases are deductible for your business

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Equipment purchases are deductible for your business

If you buy equipment for your business, you can write it off—don't let a bad preparer tell you otherwise.

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The hidden cost of doing your own business taxes

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The hidden cost of doing your own business taxes

80% of DIY business returns miss $3,000 to $5,000 in deductions that a tax pro would catch.

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You can deduct business losses before you turn a profit

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You can deduct business losses before you turn a profit

The IRS handles business income year by year, so you can claim losses now instead of waiting until you're profitable.

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How a cruise can become tax deductible

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How a cruise can become tax deductible

A cruise with business education sessions can qualify as a deductible conference expense.

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What does it mean to milk a tax return

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What does it mean to milk a tax return

Taking time to discuss all deductions and strategies to maximize your return.

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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 covering taxes, retirement planning, and business topics could be coming next spring.

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When cost segregation makes sense and when it doesn't

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When cost segregation makes sense and when it doesn't

Cost segregation works best if you buy big properties every few years; otherwise, regular depreciation is more predictable.

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What makes a cruise vacation tax deductible

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What makes a cruise vacation tax deductible

A cruise can be deductible if it qualifies as a business conference; details available via link.

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How a business cruise can be tax deductible

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How a business cruise can be tax deductible

A cruise with business education sessions can be deductible because you're there to learn for your business.

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Mileage deduction rules for S corps vs sole proprietors

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Mileage deduction rules for S corps vs sole proprietors

S corps can reimburse mileage directly, but sole proprietors must exclude commuting miles from home to first stop.

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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 education sessions may qualify as a deductible trip if learning is the primary purpose.

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Vehicle deductions: mileage vs actual cost explained

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Vehicle deductions: mileage vs actual cost explained

You must choose mileage or actual cost for vehicle deductions, and actual cost only covers the business-use percentage.

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When can you write off meals as a business expense

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When can you write off meals as a business expense

Business meals are deductible if they benefit your business and are reasonable for your circumstances.

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Real estate agents, check these two lines on your return

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Real estate agents, check these two lines on your return

Review your Schedule C for mileage and meals deductions since agents drive and buy coffee constantly.

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Why W2 employees miss out on business deductions

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Why W2 employees miss out on business deductions

W2 income gets taxed in full, but business owners deduct expenses and only pay tax on what's left.

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TikTok shop sellers: don't forget your inventory costs

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TikTok shop sellers: don't forget your inventory costs

Track inventory costs, internet, phone, mileage, and other expenses to reduce your TikTok shop 1099 income.

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