Watch full video explanation here: • How to Write Off Your ...
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Пікірлер: 70
@shermanstandberry2 жыл бұрын
Hey everyone, make sure you watch the full video here: kzread.info/dash/bejne/pH6uxc6ud5W6qLA.html
@dreamkiss4u
3 ай бұрын
What if it's not your home and your renting only? Can you do the same?.
@houstonshomeautomation35242 жыл бұрын
Thanks to you guys I was able to take my taxes owed down to just 1400 down from 7000
@30musabboouf61
7 ай бұрын
Whaaaaat ur home must’ve been in ur home xD
@consumerdebtchitchat Жыл бұрын
I live in 840 square feet. Half of my place is used for my bakery business. This is such an awesome channel..❤
@Zzz2x
9 ай бұрын
Did it work for you?
@breew29682 жыл бұрын
Makes so much sense 👏🏾 . Short and to the point
@twosteptown Жыл бұрын
In Australia, doing this creates a problem once you sell your house. Everyone should probably talk to an accountant to fully understand the consequences of doing this.
@cocosmokes
Жыл бұрын
Don’t sell ur house :)
@GojiCenter Жыл бұрын
We do the same thing. It saves us a lot 🎉
@akialanae94972 жыл бұрын
You guys offer such incredibly useful information. Your work is appreciated 🙌
@gabrielestrada48032 жыл бұрын
Thank you! This is how I learn visual
@FinancialFreedomMadeSimple2 жыл бұрын
Thanks for the complete guide, beautiful home btw
@_Carmelia10 ай бұрын
I ❤you both for improving my life w/this information! Well explained 👏🏽 👏🏽
@MattDelovino Жыл бұрын
Love these types of videos!
@AskForTheMoneyАй бұрын
great advice!
@christianbanks7458 Жыл бұрын
I love this couple 😍 watching from London uk 🇬🇧 ❤
@dujuanjohnson50252 жыл бұрын
I love y’all keep it up! 👍🏾
@JP-wn4jn2 жыл бұрын
Thanks for this short
@babakhanyile8854 Жыл бұрын
Great jobs I love your whole content 🙏🏾🙏🏾
@rogerhirst50392 жыл бұрын
Beautiful!
@ruckes132 жыл бұрын
I needed this 😊
@antuancaraballo96915 ай бұрын
Thank you great advice!
@your_coach_tanya2 жыл бұрын
Love it!
@mrsknight29842 жыл бұрын
I love your videos... wouldn't this give the irs a reason to look closer at your returns though?
@LovedbyJesus101 Жыл бұрын
Look how big your house is 😮 ! Beautiful!
@everybodyfitnessinjax Жыл бұрын
Great channel, thank you!!
@pandawolfpresents11 ай бұрын
Thank You! 👍🏾👍🏾✅
@butywbrainz8 ай бұрын
🤩👀👀!!! Thanks guys 😃!!!
@6MTLIFE2 жыл бұрын
Keep it up guys love your content. Also I appreciate seeing Krystal since that's my daughter name spelled also with a K ❤️
@Ms.ladytosha9 ай бұрын
Yay!
@remnantglorycarrier Жыл бұрын
Thank You
@ancientDna19798 ай бұрын
I know I suppose to be listening, but ya'll are so cuuuute 😅🥰🥰
@singhhoop Жыл бұрын
Thank you
@generic_official2 жыл бұрын
Does home expenses include property taxes, home insurance, and all utilities?
@shermanstandberry
2 жыл бұрын
Yes, watch full video here: kzread.info/dash/bejne/pH6uxc6ud5W6qLA.html
@eddygci8 Жыл бұрын
How big can your home office be?
@user-tu8fo2do1e3 күн бұрын
Does the exterior of the home like backyard count? ( daycare )
@Liz1237896 ай бұрын
What does this question mean? Do you derive receipts from the sale, lease, or rental of tangible personal property situated in Texas? This includes home-based business located in Texas.
@matesway45007 ай бұрын
Do you just then go the the bank with numbers and an idea or am I lacking documents and terminology?
@carebear45542 жыл бұрын
I'm confused on how to calculate utilities? Is it based on what percentage of time you use utilities during business hours, or by the percentage you claim monthly on rent space for your business?
@bobbycorbinII2 жыл бұрын
Awesome short! Do I need to have my home address listed as my business's address in order to write these expenses off, or can I just use my home office for my business?
@mtigress4589
Жыл бұрын
Do you have another office outside of your home?
@bobbycorbinII
Жыл бұрын
@@mtigress4589 yes, I pay for a virtual office.
@mtigress4589
Жыл бұрын
@@bobbycorbinII A virtual office... I've never heard that one before. I meant like a physical office outside the home.
@bobbycorbinII
Жыл бұрын
@@mtigress4589 it is a physical address outside of the home.
@mtigress4589
Жыл бұрын
@@bobbycorbinII Okay. So if you are working from another office outside the home at all, you can not claim home office expenses, even if you work there from time to time.
@austin2187 Жыл бұрын
What if your outside property is part of your business as well?
@lel345010 ай бұрын
Can you do this with an apartment?
@helpmeronda20232 жыл бұрын
I did this
@OptimusFBA8 ай бұрын
Is this something you do in everyday booking or at tax time?
@raymundo6347 Жыл бұрын
Quick question.. now that u have a room which is now a business, how does that affect your home taxes?
@kohtime Жыл бұрын
Yeah and then pay capital gains on part of your personal home on sale?
@thesandravshow9 ай бұрын
I have a KZread channel that is not making money. I heard on someone else’s video that I can write business expenses for my KZread business against my W2 from my day job. I contacted a local tax expert and they didn’t know what I meant. Is that a myth?
@thirdeyereptiles1772 Жыл бұрын
Does this also work if you rent?
@chillkidzee3842 Жыл бұрын
Which means you can pay yourself more ?
@AaronHuie9 ай бұрын
Do you have to be Inc. or have an LLC? I run my business through my personal name.
@fields13362 жыл бұрын
♥️♥️♥️♥️💘🧐
@MahoganyMayhem Жыл бұрын
that velvet shirt is distracting me
@mylespop Жыл бұрын
Thank you, great advice
@carsonmeyer5561 Жыл бұрын
Why can’t you just say you use your whole house for your business
@mtigress4589
Жыл бұрын
Because it only works for space that is 100% used for business.
@carsonmeyer5561
Жыл бұрын
@@mtigress4589 how they gonna know tho is what I’m saying
@mtigress4589
Жыл бұрын
@@carsonmeyer5561 If the expense is too high compared other similar industries or business ratios it could get you selected for examination(audit). The revenue agent will 100 percent ask you how big your home is and call bs.
@richardbryanesq
Жыл бұрын
@@carsonmeyer5561 you can write anything you want on the tax form at the bottom is called the “jurat“: “this tax return is correct, and true, under penalty of perjury.” Most people think twice about putting down false information on a document, signed under penalty of perjury.
Пікірлер: 70
Hey everyone, make sure you watch the full video here: kzread.info/dash/bejne/pH6uxc6ud5W6qLA.html
@dreamkiss4u
3 ай бұрын
What if it's not your home and your renting only? Can you do the same?.
Thanks to you guys I was able to take my taxes owed down to just 1400 down from 7000
@30musabboouf61
7 ай бұрын
Whaaaaat ur home must’ve been in ur home xD
I live in 840 square feet. Half of my place is used for my bakery business. This is such an awesome channel..❤
@Zzz2x
9 ай бұрын
Did it work for you?
Makes so much sense 👏🏾 . Short and to the point
In Australia, doing this creates a problem once you sell your house. Everyone should probably talk to an accountant to fully understand the consequences of doing this.
@cocosmokes
Жыл бұрын
Don’t sell ur house :)
We do the same thing. It saves us a lot 🎉
You guys offer such incredibly useful information. Your work is appreciated 🙌
Thank you! This is how I learn visual
Thanks for the complete guide, beautiful home btw
I ❤you both for improving my life w/this information! Well explained 👏🏽 👏🏽
Love these types of videos!
great advice!
I love this couple 😍 watching from London uk 🇬🇧 ❤
I love y’all keep it up! 👍🏾
Thanks for this short
Great jobs I love your whole content 🙏🏾🙏🏾
Beautiful!
I needed this 😊
Thank you great advice!
Love it!
I love your videos... wouldn't this give the irs a reason to look closer at your returns though?
Look how big your house is 😮 ! Beautiful!
Great channel, thank you!!
Thank You! 👍🏾👍🏾✅
🤩👀👀!!! Thanks guys 😃!!!
Keep it up guys love your content. Also I appreciate seeing Krystal since that's my daughter name spelled also with a K ❤️
Yay!
Thank You
I know I suppose to be listening, but ya'll are so cuuuute 😅🥰🥰
Thank you
Does home expenses include property taxes, home insurance, and all utilities?
@shermanstandberry
2 жыл бұрын
Yes, watch full video here: kzread.info/dash/bejne/pH6uxc6ud5W6qLA.html
How big can your home office be?
Does the exterior of the home like backyard count? ( daycare )
What does this question mean? Do you derive receipts from the sale, lease, or rental of tangible personal property situated in Texas? This includes home-based business located in Texas.
Do you just then go the the bank with numbers and an idea or am I lacking documents and terminology?
I'm confused on how to calculate utilities? Is it based on what percentage of time you use utilities during business hours, or by the percentage you claim monthly on rent space for your business?
Awesome short! Do I need to have my home address listed as my business's address in order to write these expenses off, or can I just use my home office for my business?
@mtigress4589
Жыл бұрын
Do you have another office outside of your home?
@bobbycorbinII
Жыл бұрын
@@mtigress4589 yes, I pay for a virtual office.
@mtigress4589
Жыл бұрын
@@bobbycorbinII A virtual office... I've never heard that one before. I meant like a physical office outside the home.
@bobbycorbinII
Жыл бұрын
@@mtigress4589 it is a physical address outside of the home.
@mtigress4589
Жыл бұрын
@@bobbycorbinII Okay. So if you are working from another office outside the home at all, you can not claim home office expenses, even if you work there from time to time.
What if your outside property is part of your business as well?
Can you do this with an apartment?
I did this
Is this something you do in everyday booking or at tax time?
Quick question.. now that u have a room which is now a business, how does that affect your home taxes?
Yeah and then pay capital gains on part of your personal home on sale?
I have a KZread channel that is not making money. I heard on someone else’s video that I can write business expenses for my KZread business against my W2 from my day job. I contacted a local tax expert and they didn’t know what I meant. Is that a myth?
Does this also work if you rent?
Which means you can pay yourself more ?
Do you have to be Inc. or have an LLC? I run my business through my personal name.
♥️♥️♥️♥️💘🧐
that velvet shirt is distracting me
Thank you, great advice
Why can’t you just say you use your whole house for your business
@mtigress4589
Жыл бұрын
Because it only works for space that is 100% used for business.
@carsonmeyer5561
Жыл бұрын
@@mtigress4589 how they gonna know tho is what I’m saying
@mtigress4589
Жыл бұрын
@@carsonmeyer5561 If the expense is too high compared other similar industries or business ratios it could get you selected for examination(audit). The revenue agent will 100 percent ask you how big your home is and call bs.
@richardbryanesq
Жыл бұрын
@@carsonmeyer5561 you can write anything you want on the tax form at the bottom is called the “jurat“: “this tax return is correct, and true, under penalty of perjury.” Most people think twice about putting down false information on a document, signed under penalty of perjury.
🤯🤯
Can you do this with an apartment ?