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@vanessacuocsongmy

2 жыл бұрын

Look you a litle bit different jjjj

I hate people that cheat on their taxes! It ruins it for the rest of us like me and my 23 dependents.

@clearvaluetax9382

4 жыл бұрын

L O L thanks for that Larry.

@rudysalas9138

4 жыл бұрын

2 to 3 dependents right?

@darylallen2485

4 жыл бұрын

@@rudysalas9138 r/woosh!

@rudysalas9138

4 жыл бұрын

@@darylallen2485 cant show sarcasm thru a comment sorry. r/woosh!

@rudysalas9138

4 жыл бұрын

@Billy Ray Valentine we get taxed on the money we earned. Then we get taxed on the money that we spend on necessities. Double taxation at best. I dont really consider it theft as we do use the money to pay people to maintain our parks, public resources such as police and firefighters, National security etc. I learned this when i have visited third world countries. I get upset when people abuse for example the welfare system.

When the IRS audits someone, they expect to get more money from that person. If you don't have much money to give them, they don't care about you. Sort of how dating works.

@clearvaluetax9382

4 жыл бұрын

LOL.

@Walklikelions

4 жыл бұрын

Facts.

@NicolasGanea

4 жыл бұрын

well said!

@al821

4 жыл бұрын

That’s why hookers are a better option

@wzt945

4 жыл бұрын

True

Fun fact: if this video is in your watch history your chances of being audited rises by 5 percent.

@lullemans72

3 жыл бұрын

but i'm not even a US citizen. i'm from europe!

@mrceresa1

3 жыл бұрын

😂

@AntGilroy

3 жыл бұрын

@@lullemans72 it doesn’t matter, you just made the list. Good luck.

@viralshark

3 жыл бұрын

but i clicked by mistake, then my fingers slipped and typed this comment

@wompwomp7177

3 жыл бұрын

Lmaoo

Lucky me, I got audited about 15 years ago. My income was about around $95-110k, self employed small office, one employee besides myself. Income generated by the business was about $225-250k. I am in a business with known for very high overhead. This IRS agent hounded me for a YEAR. The only thing they got me on was some credit card purchases that I didn't have receipts for or couldn't prove so they included that as personal income. Once they started looking at one return, they went to the previous one to compare things so they really audited 2 years. My life was hell. The government paid this agent to keep coming after me for an entire year. I can't make this crap up. Six months after this IRS agent dragged me through the mud, he died of an stroke. Karma.

I like how the government steals your money and also makes you handle all the paperwork.

@clearvaluetax9382

4 жыл бұрын

L O L... that's a good way to put it. Thanks for chiming in fadfad fadfadf, I appreciate it!

@jcman240

4 жыл бұрын

Then find somewhere else to live. Think of taxes as rent to live in the greatest country in the world.

@matthewcoffey2672

4 жыл бұрын

@@jcman240 A lot of people who have the money do. They have even had to make laws in places like thailand and bali that restrict how many americans can be property owners because they were being bought out with none left for locals that means A LOT of poeple are doing exactly that and leaving for a b etter place so how is the US the greatest?

@rv3089

4 жыл бұрын

fadfad fadfadf I actually don’t like that at all 🤔

@carolebaskin9641

4 жыл бұрын

@@jcman240 Good thing the founding fathers didn't share your pathetic defeatist attitude and decide to "find somewhere else to live" when they were being taxed unfairly.

I trust the intelligence and the knowledge of this professional looking Asian man...

@clearvaluetax9382

4 жыл бұрын

Wise decision Mahamadou.

@habibmkhan

4 жыл бұрын

Favorite comment today for some reason.

@liamconnelly3614

4 жыл бұрын

Honestly this was my first thought. Kudos on excellent presentation

@khalilali2450

4 жыл бұрын

AMERICAN MAN!!!

@thatssomefinexxx7995

4 жыл бұрын

Ahahahahahaha , 10/10

Remove the space in “The IRS” and it becomes “Theirs”. Hmmm

@clearvaluetax9382

4 жыл бұрын

LOL Own, good one!!

@KingEaglez29

4 жыл бұрын

Owen Jaeckle fbi wants to know your location

@yorkshire3939

4 жыл бұрын

Deep

@alexia9120

3 жыл бұрын

Stay woke 😂

@heatherschmale7022

3 жыл бұрын

Nice😂😂

I know someone who makes a lot and was audited 3 times. Each time the IRS found that they owed them money and had to give money back

@clearvaluetax9382

4 жыл бұрын

Nice! That's awesome and hilarious when that happens.

@michaelsmith4904

3 жыл бұрын

That's why I like to leave a little bit on the table every year...

@katrinamillings3651

3 жыл бұрын

That happened to me, lol. I didn't claim all my losses on some stock trades so I overpaid.

@jakes-dev1337

3 жыл бұрын

@@michaelsmith4904 risky play

With my income I basically have a 0% chance of being audited.

@clearvaluetax9382

4 жыл бұрын

The IRS likes wasting peoples' time Max...

@saito4991

4 жыл бұрын

Yea, it's like a situation happened in Germany a few years ago where a homeless person was arrested for working without a "Gewerbe Anmeldung" , it's like a business registration.

@milkncookie

4 жыл бұрын

That's one way to tell the world you're unemployed. :D!

@angelgjr1999

4 жыл бұрын

I make less than 30k a year. No way I’d be audited.

@broken1965

4 жыл бұрын

Get a job yo lol

If you make millions as a politician then your chance of being audited is 0.0%

Chances are probably higher now that I've watched this.

@kjsciacca

3 жыл бұрын

And even higher because you commented lol

@eliubfj

3 жыл бұрын

@@kjsciacca I was skeptical to comment, But oh well, We've all increased the odds lol

@Jacob_Overby

3 жыл бұрын

yeeeeaaaaaah probably.. oh well

@cortesjose209

3 жыл бұрын

From .5% to a whopping .6%

I was audited once, it took them 9 months and I ended up with a check for a bit over $350 more than I was originally going to get. I haven't been audited since.

@tidus9942

3 жыл бұрын

That can easily happen if you one of those people who have a business but rather than keeping track of every complete expense just put conservative amounts on the schedule C knowing full well you could claim more but dont want to put the work in. Once audited, you take the time to find every single thing you could claim and it will cost them more than they would ever get back.

@mikki7522

3 жыл бұрын

They probably spent tens of thousands of dollars for that LOL

@asonofliberty3662

3 жыл бұрын

@@mikki7522 we*

Why this is a great video: Informative, well spoken and no edits! KZreadrs, it's ok to have a conversation with the camera and if you say something wrong you don't have to edit it out. This video is an example of how to do a good video that isn't filled with edits every time the speaker pauses or maybe makes a mistake. GREAT WORK!!!

@clearvaluetax9382

4 жыл бұрын

Thank you Video News, I appreciate your feedback! Thanks for watching and for your support!

LOL... honestly. I'm not sure why I'm here. I hate the IRS and Taxes in general but I watched the video because it was recommended.

@clearvaluetax9382

4 жыл бұрын

Thanks Eric for watching and for your support, I appreciate it! It was probably recommended because KZread knows that you hate the IRS and Taxes in general.

@knowledgeispower3212

4 жыл бұрын

@@clearvaluetax9382 lol stfu . You're right . But this was in my recommendation too

@TimeGallon

4 жыл бұрын

Nice cover up

@andrub23

4 жыл бұрын

Revocation of Election...It's a real thing...

@swiftyfromthe3138

3 жыл бұрын

@@andrub23 Good luck with that.

I was selected for a ‘random’ audit back in the early 80’s. I was in sales and my income was mid-high 20’s at the time. I itemized my return. A small math error was found in favor of the IRS, less than $20.00, which they waived. The examiner asked if I had the same kind of detailed records for the 2 tax years prior and set me up for another audit of those years, which was performed by the same examiner. The end result was no change to my tax obligation but what a waste of time, for them and for me.

@clearvaluetax9382

4 жыл бұрын

Bondpit, sorry to hear of that fiasco. Yup, they're really talented at wasting peoples' time and taxpayers' money. Kind of frustrating, but what can we do?

@TheMasterhomaster

3 жыл бұрын

Yes but for every one of you there are cases where they find tax cheats.

@chrismoore1372

2 жыл бұрын

@@clearvaluetax9382 revolt?

When I was young I got audited. They asked for all my receipts, etc. I gave them a box just stuffed full to the brim as I had literally just dumped what I had. A total mess with nothing in any order. Income, payments, receipts. A month later they gave it back to me all neat and categorized with a check for $500.00

@vn01208503

3 жыл бұрын

gotta hat off for them on that

@protonneutron9046

3 жыл бұрын

@@vn01208503 indeed! But the law doesn't require records be in any order or system.

@vn01208503

3 жыл бұрын

@@protonneutron9046 yea they dont, just auditors love to file in system. they are organizing freaks.

@tealatata

2 жыл бұрын

😂 awesome

This video is gonna get audited...

@clearvaluetax9382

4 жыл бұрын

ugggghhhhh.... don't jinx me Tim... wtf.

@futuradrama

4 жыл бұрын

😁😂🤣

This guy ties a perfect knot in his tie. Work of art

@clearvaluetax9382

4 жыл бұрын

Hi Mark, double windsor... only way I do them.

@SHx589

4 жыл бұрын

ClearValue Tax as a military man, I appreciate your attention to detail.

@loveoneanotherasihaveloved8327

4 жыл бұрын

I Asked him about it, he said it’s a clip on

@CruceEntertainment

3 жыл бұрын

That increases his audit risk.

@michaela.754

2 жыл бұрын

Looks like a double windsor. Symmetrical

lol once the IRS said I made 600k in 2012 and i owed 300k in back taxes. i was 17 in 2012 and it took me 3 years to clear it all up.. the IRS is a joke

@clearvaluetax9382

4 жыл бұрын

I'm glad you got that cleared up Chaotic Link, what a mess!

@busyboysonedollarcircus6601

3 жыл бұрын

Good money for a 17 yr old congrats

@DK-gl3ih

3 жыл бұрын

How did u get that money?

@drexxler138

3 жыл бұрын

Lol! I have seen this situation so many times.

@crispycroissants2157

3 жыл бұрын

@@busyboysonedollarcircus6601 He probably wasn't making 600k, that was the mistake

Never thought that learning about taxes would be fun and interesting! Thank you sir.

This looks like a set from Brazzers. I keep waiting.. and waiting..

@clearvaluetax9382

4 жыл бұрын

L O L Logan, you are hilarious. You're going to have to keep waiting.

@illRalph

4 жыл бұрын

ClearValue Tax how long

@obladi2375

4 жыл бұрын

That's hilarious

@neilbradley

4 жыл бұрын

It's the "audit me" casting couch series. "Oh baby, charge me penalties with compound interest!" "Hurt me with a W2C!" "Whip me with your 1099-MISC!" "Tell me I can't use the short form!" "Is that a schedule K1 in your pants or are you just happy to see me?" ;-)

@theblacklebowski9878

4 жыл бұрын

💀💀💀💀💀💀💀💀💀💀

Haven't done my taxes I'm too turnt up

@clearvaluetax9382

4 жыл бұрын

Best to get them done son

@VicDamoneJr82

4 жыл бұрын

Shout out to drake

@Krumpy

4 жыл бұрын

way over his head haha

@XploreAz

4 жыл бұрын

@@Krumpy I doubt it is way over his head. He's just an intelligent man who speaks English, and not Ebonics.

@delarosae

4 жыл бұрын

Virgil got a Patek on my wrist going nuts

didn't even watched the video yet but subscribed right away. great tie knot very professional looking and I like that you replied to most comments

@clearvaluetax9382

3 жыл бұрын

Thanks for the sub cbrdurox! I appreciate that support and yes, it's a double-windsor =)

love all your content. always relevant info and presented very well.

Very good video. Very comprehensive tax advice. The fact that this information is made available for free is phenomenal. He gives better advice than most accountants that you have to pay for.

@clearvaluetax9382

4 жыл бұрын

Thank you Khurram for the feedback and kind words. It makes me feel like I'm actually helping people! I appreciate it!

If you make $10 million and you don’t know how to hide the income… You’re going to get audited😂😂😂😂

@clearvaluetax9382

4 жыл бұрын

LOL, true story Scott.

@Chris-oz5md

4 жыл бұрын

Fr lol

@whatthez3069

4 жыл бұрын

Its more like you have to pay a big load of taxes.

@jeremyhanna3852

4 жыл бұрын

Start a bs 501 3c and start hiding money in there is a good place to start then start a trucking company hide money there also

As a small business owner ( 1 person ) I got audited twice, and both times I forgot to put in a W9, ended up paying something like 75 bucks extra for one year and 100 bucks for the other year. And to hear they declare it a big loss that it happens make me smile.

@thex2thaz

3 жыл бұрын

Our taxes pay for them and they'll just raise taxes, so it's a lose lose.

@the_jzapata

3 жыл бұрын

@@thex2thaz Dang it!

This video was very informative,thank you for taking the time to make it.

@clearvaluetax9382

4 жыл бұрын

Thank you Emmett for your feedback and kind words, that's very motivating to me. I appreciate it!

Great advice you seem very knowledgeable. That is the most perfect tie I have ever seen.

@clearvaluetax9382

4 жыл бұрын

Thanks Allen! I appreciate it. Always have to go for the double windsor.

I love that you reply to every comment. Great video brother. I subscribed

@clearvaluetax9382

4 жыл бұрын

Thank you Josh for your support, I appreciate it!

Great video, thanks for making things easy to understand!

Thank you for your video. Every little bit of information helps. God bless!

If audited, give power of attorney to an accountant and send him or her. That way if the IRS asks a tough question, your stand-in can say he or she will have to ask you about it. That gives you time to come up with a good answer. And if you declare travel expenses, remember you do not need a receipt for any expenditure of $25 or less when you make entries into your travel log,

@clearvaluetax9382

4 жыл бұрын

Hi Joseph Van, yes, that's good advice. It kind of frustrates the auditors too.

Thanks for the informative video. And I'm jealous, I wished I had your hair, looks pretty solid! Haha

@clearvaluetax9382

4 жыл бұрын

L O L, thanks so much superduperboyx!! I appreciate it!

Just wanted to say you are very well spoken, clean and easy to follow and understand don’t blabber on about a topic diluting the information. Looking forward to watching some of your other videos.p

@clearvaluetax9382

4 жыл бұрын

Thank you Nicholas for the feedback and kind words. I really appreciate comments like yours and it makes me feel like I'm actually helping out! It's very motivating, so thank you! That was very kind of you.

Love how he explains all this vital info for regular folks.

I went from making 36k a year to 160k a year back in 09' I was audited. It gets triggered when they see you on the rise.

@juice6521

3 жыл бұрын

You don't think someone quadrupling their salary within a year is suspicious?

@avenuempire

3 жыл бұрын

@@juice6521 no. Not these days at least.

@mikeg1032

3 жыл бұрын

@@juice6521 no. Not really

@DoctorWhoNow01

3 жыл бұрын

@@juice6521 ik wym but say he was getting a masters in something and got a good job after it, it's possible. Going from a minimum wage job to a real career can cause a big jump

@oscarrlee18

3 жыл бұрын

@@juice6521 not if they told the G

After the GME MOASS these kinda videos will be invaluable. 💎👐

@stoicgradstudent3976

3 жыл бұрын

Shhhhhh

Dude.....your videos are priceless. Thank you! ❤

Thank you for the information/value. There should be more straight forward content like this on youtube.

@looweegee252

3 жыл бұрын

Agree

Great video! How do I explain to the IRS I bought a boat motor and blew it up for a video? You know, youtuber problems lol!

@clearvaluetax9382

4 жыл бұрын

Hi Yak, that'll actually be pretty straight-forward if you have it on film and it's public with a timestamp. Just don't delete the video. Thanks for watching and for your support Yak Motley!

@user-qk7yy8xi3q

3 жыл бұрын

👍

@silverbackape99

3 жыл бұрын

@@clearvaluetax9382 I take care of my dad through IHSS and has a share of cost and we live together but he never pays me because he doesn’t have enough money from his share of cost. So I don’t really get paid and I don’t really charge him. How do I even enter that income that I don’t really have?

@jmgraydz

3 жыл бұрын

Business write off

@chessandmathguy

3 жыл бұрын

Was the video "Boats and Hos?"

The more you make, the more they take. Big money equals big audit.

@clearvaluetax9382

4 жыл бұрын

More money more problems Efrain!

@monicadeana4586

3 жыл бұрын

My husband just had $485 taken out of his check this week 🤦‍♀️

the quality of this video is really good for the subject matter

Excellent video. Much appreciated.

I was always worried about getting a letter in the mail after doing my taxes but now I realize I'm totally fine haha

This man is so damn well spoken I agree to what ever he says

@clearvaluetax9382

4 жыл бұрын

LOL, thanks so much... hey, what's your name? Is it that dot? Nice!

@user-sn5kj1gy1t

4 жыл бұрын

ClearValue Tax the name on this account is blanked out for privacy reasons and it cannot be replicated, you also have the dot ;)

Thank you so much for clear explaining Mr. Kim. I’m your new fan 😆 👍

Thank you! And you know your are doing something right when your mentioned by the New York Times magazine. Keep it up!!

Your hair is on point bro and good info!

@clearvaluetax9382

4 жыл бұрын

Thanks party man for noticing, I appreciate it!

Thank you! I have always wondered about this. As I am a bookkeeper and not a tax accountant, I have been asked this question -- my answer - "I don't know, please ask your CPA" Now I can direct them to this video :)

@clearvaluetax9382

4 жыл бұрын

Awesome! Thank you for your support Renee, I appreciate it!

@kristichu8395

4 жыл бұрын

Not every CPA knows ab taxes but tax expert only like Brain.

8:55 pure gold. Thanks for another great video!

Enjoying your channel! Thank you

I just got selected for a “random compliance audit” through the IRS’s National Research Project... wish I had that kinda luck with roulette. 🙃

thank you for these videos!!

Thank you for your videos.

We were randomly selected for an audit about 10 years ago. My husband had only 1 employer, made about 60,000 and we have 3 kids. We didn’t even itemize, so needless to say we were fine.

This guy makes me feel all is well with the world

@richardbrown5670

3 жыл бұрын

Your picture looks bad 🤣😂

@BeastnHarlotDFO

3 жыл бұрын

Ill bet salesmen really like you.

This is a pretty interesting video! Thank you

Informative video. Well done. Thank you.

Nice to know being poor as f has its benefits.

@clearvaluetax9382

4 жыл бұрын

LOL, thanks for that comment Lan C.

@yugihlh

4 жыл бұрын

Lan C mo money mo problems

@ZanesFacebook

3 жыл бұрын

Sure does. 0% capital gains tax and 50% savers credit FTW. Using those two wonderful gifts I make about $55k a year and pay $0 tax. If I never get a raise and tax law doesn't change for 40 years I won't ever pay a dollar in tax. Not even on my Roth conversions when I retire. Tax code is very generous to low/middle income. The trick is finding a place where you can live cheaply enough to save 50% of your income and actually take advantage of it. Bit of a catch 22, but if you can make it work it's quite the benefit.

@Xeonise

3 жыл бұрын

Can't have your shit stolen if you don't have shit.

Great content.

@clearvaluetax9382

4 жыл бұрын

Thanks Elvis, I appreciate it!

Love this channel!

Very informative! Thanks, and hello from Chicago.

My parents got audited (they r the most honest rule followers of all time!) My Dad worked as a nurse and my mom stayed home. We had lots of chickens, so my Dad went to work with eggs and would sell them for a $1.50...my mom reported this on their taxes. The second year they did this and just guessed that they probably sold the same amount as they did the year before, this apparently got them red flagged and audited. They got fined it was super stressful and a long process and that was the year the IRS stole our Disneyland trip, over a couple dozen 🥚

@adrianortiz3751

3 жыл бұрын

@ClearValue Tax SPAM. Report this fake account, it is NOT Brian!

@kerripendragon4888

3 жыл бұрын

Why tell the IRS you sell eggs to begin with? You are not making over 3000 bucks on those eggs are you? Why bother to report some change?

@edgar3776

3 жыл бұрын

Why report that your selling eggs? Unless your trying to start a business.

@bayareababe

3 жыл бұрын

My parents are the same way. I hope that your parents learned an important lesson- never be too honest with an organization as corrupt and shady as the IRS. I hope they never reported another egg again lol

@xSuperMetroidx

3 жыл бұрын

People who are overly honest and trusting of authority make themselves into easy targets. Let that be a lesson to keep things private when at all possible.

I made 15k last year...am estimated to get $700 back in taxes...and the IRS is auditing me this year...

@clearvaluetax9382

4 жыл бұрын

Uggghhhhh.... that's awful. I'm sorry to hear that Answer the Calling.

@juanvaca905

4 жыл бұрын

Why is that? Did you have suspicious deductions or credits?

@travisfoster8234

4 жыл бұрын

@@juanvaca905 No I dont believe so I worked a normal 9-5 for some of the year and then part time the rest. They say they'll respond within 6 weeks, I even thought about possibly claiming some stuff I shouldnt, but I purposely didn't because I'm a Christian now

@mogotrevo

4 жыл бұрын

@@travisfoster8234 You had to become a Christian to be a good human being? That's not good.

@travisfoster8234

4 жыл бұрын

@@mogotrevo Actually...yes. I was incapable of acting w/o sin. Even if I did pay my taxes correctly and treated people better than other humans, I was totally incapable of acting w/o constantly sinning against a Holy God. Just like you. Just like every one else. I'm so thankful One would die for me so that I could be saved from that sin 🙌🏼

Great video, I just subscribed! Thanks for all the info. Im self employed so this info helps.

Your videos are amazing for us as tax preparers and small business owners.

The IRS began garnishing my wages in 2010. I had no idea why. I contacted them and found out they said I owed money from 2006. This wasn’t true. It took me over a year to prove it. Once I had a lawyer and showed I owed them ZERO. They kept the money they garnished and told me they didn’t have to remove the tax lien on my vehicle. I’ve been audited every single year since. I make about 60K a year. I hate these people!!

@HxC_Fragman

3 жыл бұрын

EVERYONE at the IRs are scam artists and scum bags. They work for the International monetary fund. They operate under UCC commercial coding but act like your a domestic terrorist when using it or requesting YOUR PROPERTY. like Social security card and cusip number ect.

@b__w_4565

3 жыл бұрын

@@HxC_Fragman seriously who tf would even wanna work for our crappy government programs now? they are the robots that like the nazis before them are just following orders!!!

@user-ub3bv8gs5d

3 жыл бұрын

can you sue the IRS?

@HxC_Fragman

3 жыл бұрын

@@user-ub3bv8gs5d absolutely. Better have everything squared away because they will intimidate you with jail and prison because thats how they operate. They hope and pray that people dont rebuttal anything they offer. Just like the guy above says they dont have the time they surely won't have time to prove everything they claim POint for point in court because most of the stuff they claim doesnt even exist.

@davidgray2845

3 жыл бұрын

@@HxC_Fragman Correct. The lawyer that squared this away for me told me that the reason they didn’t have to return the money or remove the tax lien from my vehicle was because too much time had lapsed. You can win the battle, but you’ll always lose the war.

I live in greedy Minnesota. They audited my gf when she was making 40k. Good thing they had spare money to build those stadiums though.

@clearvaluetax9382

4 жыл бұрын

Ughhh how unfortunate, I'm so sorry to hear that.

@littlemouse9900

3 жыл бұрын

Yeah my mom got audited 2 years in a row they didn't understand how she could have lived off of so little money. She lives in Minnesota too 😆 it has to be the state.

@TheMasterhomaster

3 жыл бұрын

IRA audited her or Minnesota?

very logical & clear video on IRS Audit. Glad to know I have little or no chance of being audited based on my income! :-)

You have a great channel. Glad I discovered it.

@clearvaluetax9382

3 жыл бұрын

Thank you KGS 1982 for all your support, I appreciate it very much!

Makes me feel even less worried about not claiming my $100 in stock gains.

3:44 What will increase audit risk? 3:50 Having a Schedule C. 4:30 Having losses in general, depending on the size of the loss. 5:53 Having certain expenses or certain deductions that are relatively high in comparison to your income. 7:33 Not reporting your 1099 income(s).

Great info thank you!

@clearvaluetax9382

4 жыл бұрын

Thank you Tuan for watching and for your support, I appreciate it!

Love the content

My dad used to say, "If I have to pay a ton of taxes, and if I am under the constant shadow of being audited-- every year, only then will I be where everyone hopes to be with their career."

Happened several times to family members around me and one had to deal with it three times. All of them poor. And I mean make less then $20,000 poor. And the stress and problems it causes for everyone is just awful.

@clearvaluetax9382

4 жыл бұрын

Jeez, that's awful, I'm sorry to hear that Viridian. Unfortunately, everyone is at risk of being audited..

@tigerjonn

4 жыл бұрын

That means you are filing taxes in a way it stands out...like something is very wrong, or you have a horrible tax guy....

@reecedavis3859

3 жыл бұрын

They need dependency to claim .. like 3 kids or covid19 lol 😂😂

@mercymejia9539

3 жыл бұрын

I would like to speak with someone who has been audited.

Great video !

Brian as usual hair on point lol...best hair gel in the biz.

Can you do a short video on the role of CPA to reduce audit risk and when it’ll be beneficial to hire a CPA to do your tax vs Turbotax it.

This guy reminds me of Chester Ming from the Wolf of Wall street... but healthier looking.

@clearvaluetax9382

4 жыл бұрын

L O L Pp pp thanks for the awesome comment.

@TheFutureEvents

4 жыл бұрын

😂😂

Very helpful video. Thank you

@clearvaluetax9382

4 жыл бұрын

Thanks again Tommy!

Thanks. Your presentation was clear and simple.

I got audited for 2019 taxes... I only payed flipping $62 of taxes on some $1,000 as an independent contractor.

I've only been audited once. It was a "random audit" I was an 18 year old college student with an annual income under $15k. Gigantic waste of time for everyone involved.

@tidus9942

3 жыл бұрын

how was it a waste of time. Should have been pretty quick. You had a W-2 and thats it I am guessing. The only other thing they would have done is look at your financial history to try and find other unclaimed income. A lot of people at that age get paid under the table and an audit can easily find it when your bank statements dont match you income. Its why I tell people, if you make any money under the table, keep it in cash and simply spend it on non necessity things. the reason for non necessity being so the IRS c ant ask the question, how did you pay your mortgage or where are you monthly grocery bills.

@peacockhorsepower3181

3 жыл бұрын

So yeah a complete waste of time.

Thanks for this very informative video

Excellent Video! Very informative! I appreciate it!😊

I remember receiving a notice of audit back in like 1998. I made like 30k working a blue-collar wage job. I claimed nothing on my taxes other than the standard deduction and tuition. I didn't hear anything beyond the initial letter, probably because an auditor finished his "audit" in the four minutes it took to do basic math and checking for enrollment, or something.

The people shouldnt live in fear of being audited by the government, the government should be afraid of being audited by the people! Let's form a militia and enforce our constitutional rights. We dont want any of the extra "amendments"

@tskjesusfreak

4 жыл бұрын

That is dumb, here is a better solution, be an Expat and just float around the world.

@clearvaluetax9382

4 жыл бұрын

Richard... my goodness. WELL SAID!

@clearvaluetax9382

4 жыл бұрын

LOL. Nice tskjesusfreak.

Excellent, bro!

straight up info. thanks

If you breath you get audited, if you talk you get audited, if you stare you'll get audited, and if you live you'll definitely be audited!

@clearvaluetax9382

4 жыл бұрын

Yup, that pretty much sums it up.

Oh god I'm an online business owner and I scared shitless of an audit. Granted I'm not profitable but still...

@clearvaluetax9382

4 жыл бұрын

uggghhhh, tell me about it... just try your best to reduce audit risk and that's the best we can do.

@lastmelon952

4 жыл бұрын

IRS looking at return: "There is no way this guy lost this much money. lets do a Audit Guy gives over all paperwork* IRS looks over paperwork: oh....we're sorry. Carry on.

@67_PowerStroke

4 жыл бұрын

How are you not profitable? I'm very curious as I'm an online merchant and have no clue what i'm doing when it comes to bookkeeping and taxes. I dropship a lot of merchandise and have no way to keep track of "inventory" for tax reporting.

@woke72

4 жыл бұрын

Me to, i just received the 1099s from the business merchant account so theres no hiding it. Im doomed!

@ap23z

4 жыл бұрын

Russell Stamey if you’re drop shipping you have no inventory...

I formed a business last year and your video answers a ton of questions. Especially since I've always done my own taxes, and I just filed.

Yes super helpful. Thank you

truth, we tend to enslave are selves, and these are the best and worst of times, I hate KZread, it's draconian policies, but my gosh, if one is choosey the knowledge available is incredible, and I did watch every second, great job!

@clearvaluetax9382

4 жыл бұрын

Thanks so much for watching every second Robert Lavedas! Thank you so much for your support, your message meant a lot to me!

23 year old here. I got audited and had to pay back ~$200 for something to do with my student loans years back when I had my dad doing my taxes. I definitely don't make 500k+

@gotime1124

3 жыл бұрын

you missed the part,, if you get audited you at low income , you are just unlucky

@Loooooooooooooooool

3 жыл бұрын

@@gotime1124 Yeah the same day I got audited I also got jury duty. What a shitty mail day.

You gave me so much comfort mr Kim 😘😘

great video . Thanks