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TopicsCryptoDeductionsFamilyIrsLlc & S CorpPayrollPersonal TaxesReal EstateRetirementSide HustleSmall BusinessTax Strategy
0:47shorts
Why I started calling myself the real tax guy
Most tax advice online is clickbait lies; honest tax advice may not be exciting but keeps you safe from the IRS.
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0:50shorts
Do you have to report Venmo business income
Yes, business income through Venmo must be reported on your taxes.
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1:11shorts
When switching to an S corp actually saves you money
An S corp only helps when your profits exceed the salary you need to pay yourself for things like mortgage approval.
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1:08shorts
The IRS is not shutting down, so file your taxes
Despite social media claims, the IRS isn't going anywhere and will auto-file for you without deductions if you skip filing.
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0:47shorts
Business structures explained from sole prop to S corp
Walks through sole proprietor, LLC, S corp, and partnership structures and when each applies.
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1:02shorts
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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0:33shorts
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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0:45shorts
How a cruise can become tax deductible
A cruise with business education sessions can qualify as a deductible conference expense.
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0:16shorts
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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0:26shorts
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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0:37shorts
Your tax preparer should actually talk to you
A good tax professional reviews your return with you and catches missing deductions before filing.
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1:14shorts
Foreign rental properties can create tax complications
US rental income from properties in countries where you can't legally own real estate may limit your ability to deduct expenses.
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1:09shorts
Quarterly tax payments aren't always required
Estimated payment coupons from your tax return don't mean you must pay quarterly, but business owners should review profits in fall to plan ahead.
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0:51shorts
Being an LLC doesn't automatically save you money
Your tax savings depend on your specific situation, income level, and tax form used, not just your business structure.
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1:26shorts
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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0:33shorts
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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1:07shorts
Why cancellation of debt counts as taxable income
When a creditor cancels your debt, you already received the goods, so the IRS treats the forgiven amount as income.
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0:45shorts
Your tax preparer should be asking you questions
A good CPA talks with you and asks questions instead of just processing whatever you bring in.
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0:48shorts
What services does The Real Tax Guy offer
Overview of tax strategy, return reviews, and preparation services from a 30-year tax pro.
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0:56shorts
The difference between a DBA and an LLC
DBAs and LLCs are often confused, but they serve different purposes for your business.
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0:39shorts
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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0:55shorts
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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1:23shorts
What is the Trump account for kids
A new savings account for kids launches in 2026 with $1,000 at birth and up to $5,000 more, growing tax-free until age 18.
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0:57shorts
How we help business owners pay less in taxes
Overview of our approach to minimizing taxes for business owners.
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688 videos in the library