Welcome back to Taxes Made Simple.

If you are a business owner, watch this video till the end to avoid overpaying in taxes to Uncle Sam.

So many tax payers are unaware of the savings that are available to them when you properly tax plan, and track your business expenses.

Watch till the end to get the most out of this video, and leave me any questions or comments below.

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Are you a business owner or real estate professional?

Schedule a one on one call with me📞

https://bit.ly/3ml1953

Schedule a FREE consultation with my team📞

https://go.karladennis.com/consultation-application1597858391406

Join the waitlist to my course👇🏾

http://bit.ly/TaxAlchemyAcademyWaitlist

Get Help Setting up Your LLC Now, ($100.00 OFF) 👇🏾

https://betterlegal.com/?aff=07bef8e746f5

Check out my website:

http://www.karltondennis.com/

To keep up with me, and for more tax tips follow me on social media📲

Instagram.com/karltondennis

Check out my Forbes articles for more tax tips:

https://bit.ly/3dss8Yu

*Disclaimer: I am not a financial advisor nor am I an attorney.  I am a licensed Enrolled Agent. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

Want to learn how to flip real estate with a LLC and the tax deductions and benefits that come along with it?

How about some of the mistakes early business owners make with LLCs when getting started in flipping.

Here's are some tax deduction tips that can help you save you massive amounts of money on your taxes.

In this video we discuss: How to flip real estate with a LLC and the tax deductions that come with it.

Watch this video until the end to avoid overpaying  Uncle Sam and to start making the most out of your real estate business!

__________________________________________________________________________________________

Are you a business owner or real estate professional?

Schedule a one on one call with me📞

https://bit.ly/3ml1953

Schedule a FREE consultation with my team📞

https://go.karladennis.com/consultation-application1597858391406

Join the waitlist to my course👇🏾

http://bit.ly/TaxAlchemyAcademyWaitlist

Check out my website:

http://www.karltondennis.com/

To keep up with me, and for more tax tips follow me on social media📲

Instagram.com/karltondennis

Check out my Forbes articles for more tax tips:

https://bit.ly/3dss8Yu

*Disclaimer: I am not a financial advisor nor am I an attorney.  I am a licensed Enrolled Agent. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

Want to learn the best tax write offs for real estate agents in 2021?

Here's are some tax deduction tips that can help you save more on paying taxes.

In this video we discuss: Strategies to help real estate agents and brokers pay less taxes for their business.

Watch this video to avoid overpaying to Uncle Sam and start making the most out of yourself your real estate business!

__________________________________________________________________________________________

Are you a business owner or real estate professional?

Schedule a one on one call with me📞

https://bit.ly/3ml1953

Schedule a FREE consultation with my team📞

https://go.karladennis.com/consultation-application1597858391406

Get Help Setting up Your LLC Now, ($100.00 OFF) 👇🏾

https://betterlegal.com/?aff=07bef8e746f5

Join the waitlist to my course👇🏾

http://bit.ly/TaxAlchemyAcademyWaitlist

Check out my website:

http://www.karltondennis.com/

To keep up with me, and for more tax tips follow me on social media📲

Instagram.com/karltondennis

Check out my Forbes articles for more tax tips:

https://bit.ly/3dss8Yu

*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

Do you have children? You may be qualified for the Advance Child Tax Credit Payments in 2021.

Here's are some tax deduction tips that can help you save more on paying taxes.

In this video we discuss: the Advance Child Tax Credit Payments in 2021, the thresholds for qualification, the payment amount for each age range of child and how you will get paid.

Watch this video to avoid overpaying to Uncle Sam and making the most out of yourself and your home!

__________________________________________________________________________________________

Are you a business owner or real estate professional?

Schedule a one on one call with me📞

https://bit.ly/3ml1953

Schedule a FREE consultation with my team📞

https://go.karladennis.com/consultation-application1597858391406 .

Join the waitlist to my course👇🏾

http://bit.ly/TaxAlchemyAcademyWaitlist

Check out my website:

http://www.karltondennis.com/

To keep up with me, and for more tax tips follow me on social media📲

Instagram.com/karltondennis

Check out my Forbes articles for more tax tips:

https://bit.ly/3dss8Yu

*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

Can you write off your vehicle under your business in 2021?

Here's are some tax deduction tips that can help you save more on paying taxes.

In this video we discuss: How having a business can help you pay less taxes by writing off your vehicle.

Watch this video to avoid overpaying to Uncle Sam and to get educated on how to leverage the tax code!

__________________________________________________________________________________________

Are you a business owner or real estate professional?

Schedule a one on one coaching  call with me personally📞

https://bit.ly/3ml1953

Schedule a FREE consultation with my team📞

https://go.karladennis.com/consultation-application1597858391406

Join the waitlist to my course👇🏾

http://bit.ly/TaxAlchemyAcademyWaitlist

Check out my website:

http://www.karltondennis.com/

To keep up with me, and for more tax tips follow me on social media📲

Instagram.com/karltondennis

Check out my Forbes articles for more tax tips:

https://bit.ly/3dss8Yu

*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

How does the ultra-wealthy like Jeff Bezos, Elon Musk and Warren Buffett pay little to no income taxes?

As a tax strategist, I will be reacting to the new ProPublica article titled, "The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax."

Full Article: https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax

What is ProPublica?

ProPublica, legally Pro Publica, Inc., is a nonprofit organization based in New York City. It is a newsroom that aims to produce investigative journalism in the public interest.

It's strategies like these that allow the ultra-wealthy as well as other millionaires and billionaires, to pay little to no taxes each year. By reducing their taxable income, and legally leveraging deductions, this is made possible.

_________________________________________________________________________________________

Are you a business owner or real estate professional?

Schedule a one on one call with me📞

https://bit.ly/3ml1953

Schedule a FREE consultation with my team📞

https://go.karladennis.com/consultation-application1597858391406

Join the waitlist to my course👇🏾

http://bit.ly/TaxAlchemyAcademyWaitlist

Check out my website:

http://www.karltondennis.com/

To keep up with me, and for more tax tips follow me on social media📲

Instagram.com/karltondennis

Check out my Forbes articles for more tax tips:

https://bit.ly/3dss8Yu

*Disclaimer: I am not a financial advisor nor am I an attorney. I am licensed Enrolled Agent. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

Are you a first-time homebuyer?  Here's are some tax deductions that can help you save more on paying taxes. 

In this video we discuss: Standard Deductions and itemized deductions for single filers and married filing joint for first-time homebuyers. 

Watch this video to avoid overpaying to Uncle Sam and making the most out of yourself and your home! __________________________________________________________________________________________ 

Are you a business owner or real estate professional? Schedule a one on one call with me📞  https://bit.ly/3ml1953

Schedule a FREE consultation with my team📞  https://go.karladennis.com/consultation-application1597858391406

Get Help Setting up Your LLC Now, ($100.00 OFF) 👇🏾   https://betterlegal.com/?aff=07bef8e746f5

Join the waitlist to my course👇🏾  http://bit.ly/TaxAlchemyAcademyWaitlist 

Check out my website:  http://www.karltondennis.com/ 

To keep up with me, and for more tax tips follow me on social media📲  Instagram.com/karltondennis  

Check out my Forbes articles for more tax tips:  https://bit.ly/3dss8Yu 

*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

Join the waitlist to my course👇🏾  http://bit.ly/TaxAlchemyAcademyWaitlist 

 Check out my website: http://www.karltondennis.com/ 

 Are you a business owner or real estate professional? Schedule a call with me📞  https://go.karladennis.com/karlton-strategy-session 

 To keep up with me, and for more tax tips follow me on social media📲  Instagram.com/karltondennis  

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A platform like YouTube allows business owners or anyone to start a business, on YouTube, by putting information out there that has the ability to be watched by millions of people. 💯 

 This information is also easily digested rather than having to spend days, or weeks reading, studying, or watching a series of shows.   You can become a business owner through putting information out.📚  

If you are collecting payment from YouTube, from ads, from sponsors etc you are running a business. 💼

Each business is different and will have different things that go under “business expenses”. That means that what Jack’s business takes as a deduction may not be allowed for Sally’s business.  

 Section 162(a) allows a deduction for all the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business.🔑  

Ordinary and necessary are the guidelines. 👈🏾 

 Regardless of if you are profitable or not, if you are taking the steps to track your expenses, and differentiate what you are using for business and what you are using for personal.  This will protect you in the event of an audit.

   Stay tuned for more tax info every week!

Join the waitlist to my course👇🏾 

 http://bit.ly/TaxAlchemyAcademyWaitlist 

 Check out my website: http://www.karltondennis.com/  

Are you a business owner or real estate professional? Schedule a call with me📞 

 https://go.karladennis.com/karlton-strategy-session

To keep up with me, and for more tax tips follow me on social media📲  

Instagram.com/karltondennis

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Your meal MUST HAVE a business purpose. 💼

Sadly, the government won’t be covering all of your daily food expenses. ❌

However, you can take advantage of networking and dining as long as you’re conducting business with another individual, whether that be a business partner, networking friend or employee.🍽  

If the IRS asks for proof that these meals were business related, you’ll need to have kept a copy of the receipt or transaction and you should know the date and what the business meal was discussing whether it be a business deal, or just a casual meeting. 🤝 

These meals are 100% deductible in the year of 2020. 💯

If you’re like most people, you’re waiting till the end of the year to try and remember everything you did and what each purchase was for.

That sounds miserable. 

You misplace receipts, forget what some expenses were and everything under the sun.  I can't remember what I had for lunch last Monday, how am I going to remember what I bought 3 months ago? How about 9 months? 

You’re leaving yourself a huge margin for error!❌ 

Subscribe to my channel for more great tax info.

When you file your tax returns each year, I'm sure you get excited when you see a large number come back to you.

Did you know that tax refunds are anti-wealth!

When you are receiving a refund this means that you OVERPAID.

The money that you handed to the government, could have gone directly into your pocket for 52 weeks and not into the hands of Uncle Sam.

What you choose to withhold when filing your W-4 is reported to the IRS and then taken out of your paycheck. ➖

Oftentimes, the percentage chosen ends up giving excess money to the government because of end of the year deductions that are made.

That is an INTEREST FREE loan you’ve just handed to the US Government. 😳

You could be benefiting from this money all year long!

Let's leverage our money now!

Join the waitlist to my course👇🏾

http://bit.ly/TaxAlchemyAcademyWaitlist

Check out my website:

http://www.karltondennis.com/

Are you a business owner or real estate professional?

Schedule a call with me📞

https://go.karladennis.com/karlton-strategy-session

To keep up with me, and for more tax tips follow me on social media📲

Instagram.com/karltondennis