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1:04shorts
Your tax preparer should ask about your mileage
A rental property owner missed deducting 300 miles of driving because his tax preparer never asked about it.
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1:04shorts
Why starting a side business beats a W-2 for building wealth
Self-employment offers more deductions and retirement options than a regular job, so you keep more of what you earn.
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0:53shorts
TurboTax doesn't catch your mistakes like you think
Tax software only checks that you filled in all the boxes, not whether you entered the right numbers or claimed all your deductions.
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1:03shorts
What I mean when I talk about the tax game
Meet with your tax person in October to plan deductions before year-end, not just hand over numbers in January.
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1:07shorts
Short-term rental loopholes are just normal deductions
The IRS schedule E lists all rental deductions; paid courses just repackage basic tax code.
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1:29shorts
Why the IRS knows about your 1099 income even if you ignore it
The IRS gets copies of all your 1099s, so ignoring them just means they'll file for you with zero deductions.
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1:00shorts
Why meal deductions won't get you audited
The IRS cares about proving you spent the money, not nitpicking every lunch receipt.
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0:43shorts
What actually counts as a business expense
If you spend money to help your business, it's a business expense—don't fall for clickbait claiming you can fake deductions.
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1:10shorts
Why most tax returns leave money on the table
If your preparer doesn't sit down and discuss your business deductions, you're probably missing them.
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1:06shorts
How wealthy people legally reduce their taxes
Rich people stay wealthy by using the tax code to buy depreciable assets and expand their business instead of just paying taxes on profit.
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0:45shorts
How a business cruise could be tax deductible
A cruise with business seminars and professional speakers can qualify as a deductible conference expense.
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0:23shorts
How a business cruise could be tax deductible
Bringing in experts to teach small business topics on a cruise may make the trip a write-off.
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0:28shorts
We're planning a tax education cruise for small business owners
Announcing a cruise featuring investment, retirement, and insurance experts teaching small business owners, with potential write-off benefits.
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1:10shorts
Why skipping business deductions costs you money
Small side jobs might not need deductions, but larger income without expenses means paying unnecessary self-employment and income tax.
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1:01shorts
You can amend your taxes up to three years back
If your gut says your taxes were done wrong, you can go back three years with the IRS to fix them and claim missed deductions.
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0:26shorts
Business conference cruise you can write off
A tax-deductible business cruise covers learning about taxes, retirement planning, and business topics.
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0:57shorts
W-2 employees don't get many deductions
A side business lets you write off expenses and save more for retirement than a W-2 alone allows.
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1:08shorts
New W-2 boxes for tips and overtime in 2025
New W-2 forms will separate tips and overtime, so double-check your tax software to claim the deduction.
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0:43shorts
How to maximize deductions on a business cruise
Travel, lodging, and upgrades to reach a business event can all be deductible if you track expenses.
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1:16shorts
When DIY tax software works and when it doesn't
W-2 filers can use any software, but business returns have tricky deductions that trigger IRS computers.
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0:55shorts
Deductions your tax preparer probably missed
Most tax preparers don't review your return for obvious deductions like mileage, internet, phone, and cleaning costs.
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1:20shorts
What counts as a business tax deduction
Anything reasonable and necessary for your business is deductible if you can prove it with receipts.
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0:58shorts
Home office deduction only covers a percentage of your home
You can only deduct the percentage of your home used as office space, not your entire mortgage or utilities.
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0:53shorts
Rental property deductions you're probably missing
Mileage to your rental property, meals while working on it, and repairs vs capital improvements are commonly overlooked deductions.
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