Use Discount code SLCPA15 for a 15% discount - https://get.tax1099.com/ygtwcpua6iqd

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This video clarifies who needs to file a "Form 1099" for the 2025 tax year, especially for "independent contractor" payments. Our CPA guides you through e-filing a "1099 NEC" quickly and accurately using an IRS-approved platform, ensuring you navigate "taxes" without common mistakes or penalties. Learn effective "tax planning" to avoid issues and confidently manage your filings.

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On this channel, Stephen Lee shares proven strategies to help high earners, business owners, and professionals keep more of what they make, minimize taxes, and build lasting wealth.

Whether you’re optimizing your S-Corp, investing smarter, or managing 1099 income, this channel gives you the tools to make confident money moves — backed by real client experience.

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The information provided on this channel is for general information and entertainment purposes only. It is not intended to serve as legal, financial, or tax advice. You should not act or refrain from acting on the basis of any content included on this channel without seeking appropriate legal, tax, or other professional advice specific to your individual circumstances. The use or reliance on any information contained on this channel is solely at your own risk.

How much money can you give someone without triggering gift taxes or IRS issues? If you’re planning to help family or friends in 2026, understanding the IRS gift tax rules is essential before you move any money.

In this video, CPA and Certified Private Wealth Advisor Stephen Lee explains exactly how the gift tax works, who actually pays the tax, and how much you can give without filing paperwork or owing a dime to the IRS. One of the biggest misconceptions is that the person receiving a gift pays income tax. That is not true. Gifts are not taxable income to the recipient under IRS rules.

If you’re thinking about gifting money, helping family, or planning wealth transfers in 2026, this video will give you clarity and confidence so you can be generous without unnecessary tax stress.

00:00 IRS Gift Tax Explained | How Gifting Money Is Taxed

00:49 2026 Annual Gift Tax Exclusion Limits ($19,000 Rule)

01:22 Lifetime Gift Tax Exemption & When to File IRS Form 709

01:49 Tuition & Medical Payments That Don’t Count as Gifts

02:15 How to Gift Money Safely | Cash, Checks, Banks & IRS Rules

02:54 Gift Tax Planning for 2026 | How to Give Money Tax Free

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On this channel, Stephen Lee shares proven strategies to help high earners, business owners, and professionals keep more of what they make, minimize taxes, and build lasting wealth.

Whether you’re optimizing your S-Corp, investing smarter, or managing 1099 income, this channel gives you the tools to make confident money moves — backed by real client experience.

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The information provided on this channel is for general information and entertainment purposes only. It is not intended to serve as legal, financial, or tax advice. You should not act or refrain from acting on the basis of any content included on this channel without seeking appropriate legal, tax, or other professional advice specific to your individual circumstances. The use or reliance on any information contained on this channel is solely at your own risk.

#gifttax #irsrules #taxplanning #2026taxes #financialplanning #wealthtransfer #estateplanning #taxtips #cpaadvice #personalfinance #familywealth #irs

The IRS just handed retirees a massive tax bill for 2026 and most people have no idea it’s coming.

Many Americans assume taxes go down in retirement, but with the new 2026 tax brackets, the senior bonus deduction, Medicare IRMAA cliffs, and updated Social Security taxation rules, that assumption can cost you tens of thousands of dollars in stealth taxes.

In this video, CPA and Certified Private Wealth Advisor Stephen Lee breaks down exactly how the 2026 retirement tax rules work and why income timing, not market returns, is the biggest source of financial stress in retirement.

You’ll learn how the new senior bonus deduction works, including the additional $6,000 deduction for individuals age 65 and older and how married couples can stack deductions to shield up to $46,700 of income from taxes. We also cover the phase-out rules that quietly claw back these benefits once your income crosses certain thresholds.

This video also explains the updated Social Security washout math and why the new senior bonus deduction can help make Social Security benefits partially or even completely tax-free until income pushes you into dangerous tax and Medicare penalty zones.

We also cover the expanded SALT deduction for 2026, which raises the cap from $10,000 to $40,400 for eligible taxpayers, a major change for homeowners in high-tax states. Business owners will also learn why the pass-through entity tax workaround still matters and how it can bypass SALT limitations.

One of the biggest retirement landmines discussed is Medicare IRMAA. Because Medicare premiums use a two-year lookback, income spikes from years earlier can double your premiums overnight. You’ll learn when and how to file Form SSA-44 to reduce Medicare surcharges after retirement, loss of income, or the death of a spouse.

Finally, outlined in the video is a clear four-step retirement tax strategy for 2026, including income audits, Medicare planning, SALT optimization, and income-shifting strategies like Roth conversions, qualified charitable distributions, and donor-advised funds.

If you’re retired, approaching retirement, or planning for tax-efficient income in 2026, this video is essential. Proactive planning is no longer optional, it is the difference between keeping your savings and handing them back to the IRS.

If you have questions, drop them in the comments below, and here’s to a more tax-efficient 2026.

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On this channel, Stephen Lee shares proven strategies to help high earners, business owners, and professionals keep more of what they make, minimize taxes, and build lasting wealth.

Whether you’re optimizing your S-Corp, investing smarter, or managing 1099 income, this channel gives you the tools to make confident money moves backed by real client experience.

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The information provided on this channel is for general information and entertainment purposes only. It is not intended to serve as legal, financial, or tax advice. You should not act or refrain from acting on the basis of any content included on this channel without seeking appropriate legal, tax, or other professional advice specific to your individual circumstances. The use or reliance on any information contained on this channel is solely at your own risk.

#retirementtaxes #2026taxes #socialsecuritytaxes #medicareirmaa #retirementplanning #taxplanning #seniorbonusdeduction #saltcap #cpaadvice #financialplanning #retirementincome #taxstrategy #irsrules

Are you making good money but still living paycheck to paycheck? You’re not alone. Over 70% of Americans earning $75,000 or more struggle financially not because they don’t earn enough but because they lack the right systems.

In this video, CPA and Certified Private Wealth Advisor Stephen Lee breaks down the 90-Day Money Blueprint—a proven, step-by-step system designed to help you take control of your finances, automate wealth building, and finally get ahead financially without extreme budgeting or risky investing.

This is not a get-rich-quick strategy. It’s a practical financial system used by private clients to build long-term wealth through smart money management, automated investing, and tax optimization.

00:00 How the 90-Day Wealth Acceleration System Works

01:28 The Wealth Formula Most People Ignore (Income vs Lifestyle)

05:46 The 3-Bucket Money System (Save, Invest, Optimize)

09:28 The Automation Blueprint for Building Wealth Automatically

12:07 Wealth Accelerators That Grow Your Money Faster

14:03 The 90-Day Financial Plan You Can Start Today

15:36 Money Mistakes and Habits That Keep People Broke

16:24 How to Start Building Wealth Today (Final Thoughts)

Apply for my 5-session Business Owner Bootcamp to create your personalized strategic tax plan, including quarterly tax planning, deductions, and reasonable compensation → https://stephenleecpa.com/business-ow...

What you’ll learn in this video:Why income alone doesn’t create wealthThe simple wealth formula most people ignoreHow to stop lifestyle inflation and widen your “freedom gap”The 3-bucket money system (foundation, accelerator, optimizer)How to build an emergency fund the right wayA simple investing strategy using low-cost index fundsHow automation beats discipline every timeTax strategies that help you keep more of your moneyThe exact 90-day plan to implement everything step by stepCommon wealth killers that silently keep people broke

Who this video is for:Professionals and high earners who feel financially stuckAnyone living paycheck to paycheck despite a decent incomeBeginners who want a clear investing and saving roadmapPeople overwhelmed by budgeting, investing, and taxesAnyone looking for a simple, proven wealth-building system

Why this works:

This 90-day financial system focuses on automation, consistency, and clarity. Instead of relying on motivation or willpower, you’ll learn how to set up systems that work in the background so your money grows while you live your life.If you’ve ever thought:“I make too much money to feel this broke”“I know I should be investing, but I don’t know where to start”“I want financial freedom but don’t want extreme budgeting”

This video will give you the structure and confidence to move forward.

Watch until the end to get the full 90-day implementation plan you can start using immediately.

If you found this helpful, like the video, subscribe for more personal finance, investing, and tax strategy content, and share it with someone who needs it.

The information provided on this channel is for general information and entertainment purposes only. It is not intended to serve as legal, financial, or tax advice. You should not act or refrain from acting on the basis of any content included on this channel without seeking appropriate legal, tax, or other professional advice specific to your individual circumstances. The use or reliance on any information contained on this channel is solely at your own risk.

On this channel, Stephen Lee shares proven strategies to help high earners, business owners, and professionals keep more of what they make, minimize taxes, and build lasting wealth.

Whether you’re optimizing your S-Corp, investing smarter, or managing 1099 income, this channel gives you the tools to make confident money moves backed by real client experience.

Subscribe for smart, actionable advice and take control of your financial future.

Apply for my 5-session Business Owner Bootcamp to create your personalized strategic tax plan, including quarterly tax planning, deductions, and reasonable compensation → https://stephenleecpa.com/business-ow...

00:00 Introduction: Transform Your Financial Life

00:28 Understanding Your Financial Foundation

01:53 Calculating Your Net Worth and Cash Flow

03:57 Building Your Emergency Fund

05:34 Strategies for Debt Elimination

07:26 Investing Basics: Making Your Money Work

10:20 Advanced Wealth Building Strategies

12:25 Mindset Shifts for Financial Success

14:05 Creating Multiple Income Streams

15:49 Protecting Your Wealth

17:06 90-Day Financial Transformation Plan

19:32 Taking Action: Start Today

20:34 Conclusion: Commit to Your Financial Journey

The information provided on this channel is for general information and entertainment purposes only. It is not intended to serve as legal, financial, or tax advice. You should not act or refrain from acting on the basis of any content included on this channel without seeking appropriate legal, tax, or other professional advice specific to your individual circumstances. The use or reliance on any information contained on this channel is solely at your own risk.

Maximize Your 2025 Tax Savings: Year-End Moves for Business Owners and High Earners. Join CPA and Certified Private Wealth Advisor Stephen Lee as he breaks down essential IRS-approved tax strategies for business owners and high-income professionals to undertake before December 31st.

Learn how to prepay expenses, delay invoicing, upgrade equipment, maximize retirement contributions, leverage bonus depreciation, and more to save on your 2025 taxes. Watch now to ensure you're making the right financial moves that could save you thousands!

Apply for my 5-session Business Owner Bootcamp to create your personalized strategic tax plan, including quarterly tax planning, deductions, and reasonable compensation → https://stephenleecpa.com/business-ow...

00:00 Year-End Tax Planning Overview: Key Strategies for 2025–2026

00:39 How to Accelerate Expenses to Maximize Tax Deductions

01:20 Deferring Income: Lower Your Taxable Income Before Year-End

01:46 Maximizing Section 179, Equipment Write-Offs & Retirement Contributions

02:49 Business Vehicle Deductions & Valuable Retirement Plan Tax Credits

03:16 Tax-Loss Harvesting & Capital Gains Planning for Investors

04:09 Hiring Family, Charitable Giving Rules & Smart Deduction Timing

05:20 Final Tax Tips & Customized Year-End Planning for Business Owners

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On this channel, Stephen Lee shares proven strategies to help high earners, business owners, and professionals keep more of what they make, minimize taxes, and build lasting wealth.

Whether you’re optimizing your S-Corp, investing smarter, or managing 1099 income, this channel gives you the tools to make confident money moves — backed by real client experience.

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The information provided on this channel is for general information and entertainment purposes only. It is not intended to serve as legal, financial, or tax advice. You should not act or refrain from acting on the basis of any content included on this channel without seeking appropriate legal, tax, or other professional advice specific to your individual circumstances. The use or reliance on any information contained on this channel is solely at your own risk.

Many believe a W-2 job limits wealth, but your paycheck is a powerful tool for financial freedom. I'm Stephen Lee, a CPA, and I've seen professionals like teachers and engineers achieve financial freedom by investing a portion of every paycheck, leading to significant wealth. With smart money management and consistent investing, anyone can build wealth and secure their retirement.

Apply for my 5-session Business Owner Bootcamp to create your personalized strategic tax plan, including quarterly tax planning, deductions, and reasonable compensation → https://stephenleecpa.com/business-ow...

00:00 Introduction: How to Take Control of Your Money

00:45 Behavior vs. Income: The Money Habits That Build Wealth

00:49 Smart Spending: Avoiding Emotional & Impulse Purchases

01:12 Automating Your Finances: The Key to Consistent Wealth Building

01:24 Stop Lifestyle Creep: Keeping Expenses Under Control

01:40 Investing Basics: Simple Strategies to Grow Your Money

02:33 Compound Growth: Why Time + Automation Creates Wealth

02:39 Using Raises the Right Way: How to Actually Increase Wealth

03:02 What Wealth Really Means: Freedom, Security & Options

03:39 Your Money Action Plan: Steps to Start Building Wealth Today

03:55 Final Takeaway: Consistency Is the Real Secret to Wealth

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On this channel, Stephen Lee shares proven strategies to help high earners, business owners, and professionals keep more of what they make, minimize taxes, and build lasting wealth.

Whether you’re optimizing your S-Corp, investing smarter, or managing 1099 income, this channel gives you the tools to make confident money moves backed by real client experience.

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The information provided on this channel is for general information and entertainment purposes only. It is not intended to serve as legal, financial, or tax advice. You should not act or refrain from acting on the basis of any content included on this channel without seeking appropriate legal, tax, or other professional advice specific to your individual circumstances. The use or reliance on any information contained on this channel is solely at your own risk.

#finance #wealthbuilding #savemoney #financialfreedom

Massive Tax Changes Coming in 2026 and Trumps Big Beautiful Bill - Save Thousands with These 5 Smart Moves!

The 2026 tax changes are coming fast and for many Americans, they will completely reshape how much you owe, how much you keep, and which deductions you can still claim. In this video, Stephen Lee, CPA and CPWA, breaks down the biggest 2026 tax rule changes and explains exactly how they impact retirees, homeowners, families, and small business owners.

We cover the key areas the IRS is updating as the Tax Cuts and Jobs Act (TCJA) sunsets in 2025, including:

• Higher standard deductions for seniors
• A major increase to the SALT deduction cap
• Changes to charitable giving rules and itemized deductions
• New flexibility for Health Savings Accounts (HSAs)
• Updated Affordable Care Act and marketplace insurance regulations
• Phase-outs that affect high-income earners and business owners
• How tax brackets shift once TCJA expires

Stephen also outlines five strategic money moves you should take before 2026 to protect your tax savings, maximize deductions, reduce future liabilities, and position yourself for the next major IRS rule change.

Whether you're planning for retirement, managing a small business, or simply trying to stay ahead of the upcoming tax law changes, this guide gives you a clear, actionable plan. You’ll also get a practical 2026 tax action checklist to help you stay organized and avoid missing valuable deductions as the rules shift.

Perfect for:

• Retirees planning distributions and Social Security strategy
• Homeowners navigating property taxes and SALT deduction changes
• High-income earners preparing for phase-outs
• Small business owners optimizing 2025 write-offs
• Anyone wanting to legally reduce their tax bill before the 2026 reset

#taxes2026 #2026taxchanges #tcja #taxplanning #cpa #taxstrategies #retirementplanning #smallbusinesstaxes #saltcap #hsa #irsupdates #stephenleeCPA #taxlawchanges #financialplanning

00:00 Introduction to Upcoming Tax Changes

00:34 Overview of the 2025 Tax Reform

01:07 Key Area 1: Maximizing Deductions for Seniors

02:03 Key Area 2: Homeowners and SALT Deduction Cap

02:57 Key Area 3: New Charitable Giving Rules

03:45 Key Area 4: Health Savings Accounts Flexibility

04:20 Key Area 5: Changes in Health Insurance Marketplace

05:00 Tax Action Checklist Before 2026

05:41 Conclusion and Final Tips

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On this channel, Stephen Lee shares proven strategies to help high earners, business owners, and professionals keep more of what they make, minimize taxes, and build lasting wealth.

Whether you’re optimizing your S-Corp, investing smarter, or managing 1099 income, this channel gives you the tools to make confident money moves — backed by real client experience.

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The information provided on this channel is for general information and entertainment purposes only. It is not intended to serve as legal, financial, or tax advice. You should not act or refrain from acting on the basis of any content included on this channel without seeking appropriate legal, tax, or other professional advice specific to your individual circumstances. The use or reliance on any information contained on this channel is solely at your own risk.

Special thanks to Xero for sponsoring this video! Please check them out with the link - https://xero5440.partnerlinks.io/Step...

Want to go deeper? Join my Business Owner Bootcamp — 5 live private sessions where I help you build your personalized tax and wealth plan step-by-step. Learn to combine accountable plans, S-Corp optimization, and advanced retirement strategies.

👉 https://stephenleecpa.com/business-owner-bootcamp/

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Are you a business owner or side hustler who feels like half your paycheck disappears the moment tax season hits? Most entrepreneurs give thousands back to the IRS every single year not because they’re doing anything wrong, but because nobody ever showed them how to use business deductions the right way.

00:00 Introduction: The Hidden Costs of Running a Business

00:37 Understanding IRS Deductions

01:08 Home Office Deductions Explained

02:43 Maximizing Vehicle Expenses

03:46 Depreciation and Section 179

04:13 Business Meals and Travel

04:36 The Importance of Tracking Expenses

04:49 Xero: Simplifying Small Business Finances

05:49 Rent, Utilities, and Wages

06:35 Supplies, Insurance, and Other Deductions

07:14 Record Keeping and Final Tips

07:58 Conclusion: Keep More of What You Earn

In this video, I walk you through the Top 10 Small Business Tax Deductions for 2025, all fully legal and straight from the IRS rulebook. Whether you’re self-employed, running a small business, or generating income from a side hustle, these updated write-offs can help you keep way more of what you earn.

You’ll learn the difference between ordinary and necessary expenses, how to maximize your home office deduction, when to use mileage vs. actual vehicle expenses, how Section 179 and bonus depreciation help with big purchases, and what the IRS really allows for meals, travel, utilities, contractors, wages, office supplies, insurance, and more.

I also share why good record-keeping is the secret weapon of every smart business owner and why so many people lose thousands simply by not tracking expenses correctly.

This video is sponsored by Xero, an accounting platform I personally use and recommend to my clients. It handles bank feeds, invoices, reconciliation, cash flow tracking, and keeps everything organized so you’re ready for tax season. Check the special offer in the description below.

If you want a hands-on walkthrough to implement these strategies in your business, join my Business Owner Bootcamp, where I work with you 1-on-1 to build a personalized tax-saving system.

Subscribe for more tips and strategies tailored for business owners and high earning professionals.

On this channel, Stephen Lee shares proven strategies to help high earners, business owners, and professionals keep more of what they make, minimize taxes, and build lasting wealth.

Whether you’re optimizing your S-Corp, investing smarter, or managing 1099 income, this channel gives you the tools to make confident money moves backed by real client experience.

Subscribe for smart, actionable advice and take control of your financial future.

The information provided on this channel is for general information and entertainment purposes only. It is not intended to serve as legal, financial, or tax advice.  You should not act or refrain from acting on the basis of any content included on this channel without seeking appropriate legal, tax, or other professional advice specific to your individual circumstances. The use or reliance on any information contained on this channel is solely at your own risk.

Big changes are coming to your 2026 taxes and it’s not just the income tax brackets. In this video, we break down everything the IRS just announced, including the new 2026 tax brackets, capital gains updates, and standard deduction adjustments that could impact how much you owe next year.

You’ll learn:

✅ The exact 2026 federal income tax brackets for single and married filers

✅ What’s changing with capital gains taxes and who it affects most

✅ Simple steps you can take now to lower your taxable income before these changes take effect

Whether you’re filing solo, married, or investing in stocks and real estate, this breakdown helps you understand how to plan smarter and keep more of what you earn.

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On this channel, Stephen Lee shares proven strategies to help high earners, business owners, and professionals keep more of what they make, minimize taxes, and build lasting wealth.

Whether you’re optimizing your S-Corp, investing smarter, or managing 1099 income, this channel gives you the tools to make confident money moves — backed by real client experience.

Subscribe for smart, actionable advice — and take control of your financial future.

The information provided on this channel is for general information and entertainment purposes only. It is not intended to serve as legal, financial, or tax advice. You should not act or refrain from acting on the basis of any content included on this channel without seeking appropriate legal, tax, or other professional advice specific to your individual circumstances. The use or reliance on any information contained on this channel is solely at your own risk.