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TopicsCryptoDeductionsFamilyIrsLlc & S CorpPayrollPersonal TaxesReal EstateRetirementSide HustleSmall BusinessTax FundamentalsTax Strategy
0:50shorts
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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1:02shorts
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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0:55shorts
Why real estate can be a great tax investment
Real estate offers tax advantages when done correctly, and professional help is available.
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1:40shorts
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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1:18shorts
Cost segregation might not be the tax win you think
Taking all your depreciation in year one means you get nothing in year two, so plan accordingly.
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0:52shorts
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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1:01shorts
There are no secret tax loopholes the IRS doesn't know about
The tax code already works in your favor if you understand it; tricks and loopholes just invite trouble.
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0:58shorts
Retirement planning depends on your business profit
Different retirement accounts work for different situations based on your age, profit level, and when you want to retire.
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1:06shorts
How crypto is taxed now and the form you'll get
Crypto sales now come on a 1099-B form and you must report the capital gains on your tax return.
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1:00shorts
Why cash transactions can backfire in an IRS audit
If you pay for business expenses in cash and get audited, you won't have bank records to prove your story.
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1:14shorts
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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0:41shorts
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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1:01shorts
No, taxes are not voluntary
The sovereign citizen claim that taxes are voluntary is a misinterpretation with no legal basis.
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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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701 videos in the library