I’m not a business owner, but I’m an ex-operations guy who just finished REG and filed for my CPA designation. That was an excellent breakdown. Thank you for taking the time put this video together.
I clicked on your video because I noticed that you took a lot of time to set up your lights. If nobody tells you, I appreciate good cinematography and the fact you've taken time to avoid small things like a ring light showing up in your reflections
Man your videos are priceless... As a new LLC what kind of stuff as a website designer that also has a full time job what are the type of things besides computers and equipment plus programs subscriptions can I write off as a deduction.. Im really at this point just spending money to get my business off the ground.. Basically working for free building my business portfolio.. I have my EIN and a business bank account.. Can you point me to the best person to talk to going forward... Thanks in advance!!
Karlton! I have not stop listening to your valuable videos today ! I don't even have a business or LLC yet ...lol but what you say is clearing my mind and preparing me going with a better understanding of taxes responsabilities. I also can ask my account better questions to understand my personal situation..Thank you !Greetings from Fort Lauderdale, FL
Your channel has been super helpful with my new LLC! Thank you for all your content and knowledge you give us, made a world of difference in helping with the stress of taxes as a W2 employee and starting my own business!
I just wanted to say that I’m very happy that I stumbled upon your videos. Not only are they insightful very educational and super helpful. Top notch content. Unlike a lot of UA-cam content made with empty videos that are only trying to sell you something at the end of one hour sessions; and I love that You get to the needy greedy of things and explain everything very well. believe me you’re helping a lot of people by putting out these videos so personally, I wanna say thank you
Wondering if things like the Augusta rule and IRC 179 + bonus depreciation can be utilized by each owner of a multi member LLC (2 owners filing self employment taxes separately 50/50 ownership) ??
so for example when you use depreciation on a property and you do a 1031 exchange does that also work against paying taxes for cost segregation savings
Hello, just started catching you a couple of days ago. Glad I found you on youtube. Your information is absolutely great. But this Augusta room is wildly amazing. Never have I ever heard of it and I've been kind of paying attention to Texas for a couple of decades. Amazing, and thank you.
He is used business vocabulary without knowing what it means. This is an llc video right. Why is he talking about corporate things. BTW llc stand for limited liability companie not corporation
As expected your LLC information is spot on. I as an individual pay very little taxes because of "The Tax Savers Club". They showed me how to not pay taxes legally by following the laws governing taxes outside of the IRS regs.
Thank you for all your videos ! I just open a Resturant and it’s been a roller coaster trying to keep up ! I still have trouble with the payroll and paying myself
I am so excited I came across this page. I am learning so much from you! I’ve been a Business owner for many years and did not know how much I didn’t know until listening to your videos. Thank you! How can I join your other groups for learning and more?
I don’t know how my CPA accounted for some of my office items, I don’t see them listed in the depreciation list so can I assume they just applied the whole amount for my iPad for example and deducted it to the schedule C as an expense for that year?
Thank you so much, I seen your whole video but will replay it again just to make sure I understood everything. I am about to do my LLC so i am trying to learn before I do so.
Can I include my monthly subscriptions of my beatstore, virtual instruments that includes a monthly subscription to use them? I mean, I’m paying them in order to compose music for selling and submit for sync, which is technically part of my business.
wow you are so awesome, i.m so happy to listen to you. Thank you so much for sharing your information.. i already followed so many of your advises. i just want to tell you how grateful i am.
I get w2 from my company, but, can I still declare for my car, laptop, note books, phones, and car service and car wash? My electrical equipments are all older than 2019. Can I still ask for tax return for these items?
Great information! Question on Augusta Rule: what if I use my garage to store equipment and also purchased a shed placed on my property to store overflow food I use in my restaurants? I can rent those to my business?
No. It’s too different things that are used differently. Inventory you’re trying to get rid of. If your equipment is gone call the cops. See it’s different
This is amazing information. I’m curious to know what you’re using to do this presentation? Do you mind sharing the pad and the software you’re using? Thank you Karlton!
Mr. Dennis, I need your help man. So, I created a fundrise account but when I read the "Prospectus" and subscriber agreement, it became a little intimidating. As a first-time investor the legal jargon a bit much. With all the information there in, you would need an advisor and legal representation to help you understand the information
Augusta rule! My question is can I use this rule on an office at my apartment complex?! Can my business write me personally a check monthly for this? I can't find answer on this
1. Is it necessary for me to make the purchase using my business account for car payments, insurance, gas, maintenance, or any other expenses? Or can I make the payment using any method and simply keep the receipt for my records? 2. If I purchased my car in November 2022 and registered my LLC in November 2023, am I eligible to write off my car or any other related expenses for the entire year of 2022, or can I only start claiming deductions from the day I registered my LLC?
If we could somehow get all of our children to be as absolutely enchanting , handsome , driven & thoughtful as Karlton fn ACHIEVEMENTS UNLOCKED level up humanity!
What is the proper way to convert my primary property to a living trust and have an LLC manage it to be able to use deduct the home office deduction benefits. I currently work from home now, and want to get an LLC and just want to make that it is set correctly.
Karlton or community, if my CPA won’t counsel me on how best to itemize and profit from tax returns legally, not paying them, who is going to do it? ( besides you Karlton). Financial advisors??
What if your LLC. that generates largest portion of income is a passive income or royalty stream, that llc. is owned by another llc. How do you gain deduction on passive business,
how hasn’t video hit 1 million views is beyond me. Best tax video i’ve watched since starting my llc
🎯
P
D.a just got a new subscriber hella free game
Cause it’s all a scam and if people get audited they’re going to prison? 🤷🏼
@ not in prison yet
I’m not a business owner, but I’m an ex-operations guy who just finished REG and filed for my CPA designation. That was an excellent breakdown. Thank you for taking the time put this video together.
was any of this taught during your studies w/REG? I have FAR & AUD finished, testing for BEC next. Saving REG for last
Thank God for your mother Karlton. Damn you are so smart! A real teacher!
A❤A🙏AMEN!
I clicked on your video because I noticed that you took a lot of time to set up your lights. If nobody tells you, I appreciate good cinematography and the fact you've taken time to avoid small things like a ring light showing up in your reflections
As a working musician who works at home and on the road this is must need to know!!! I need to show this to my wife!!!
The "Augusta Rule" is for the Masters Tournament. You don't have to pay taxes on your house when you rent it out....period.
Only for 14 days a year.
@@CorporalChianellihow does 14 days help?
@@SombraLocs it doesn't.
Man your videos are priceless... As a new LLC what kind of stuff as a website designer that also has a full time job what are the type of things besides computers and equipment plus programs subscriptions can I write off as a deduction.. Im really at this point just spending money to get my business off the ground.. Basically working for free building my business portfolio.. I have my EIN and a business bank account.. Can you point me to the best person to talk to going forward... Thanks in advance!!
Karlton! I have not stop listening to your valuable videos today ! I don't even have a business or LLC yet ...lol but what you say is clearing my mind and preparing me going with a better understanding of taxes responsabilities. I also can ask my account better questions to understand my personal situation..Thank you !Greetings from Fort Lauderdale, FL
Your channel has been super helpful with my new LLC! Thank you for all your content and knowledge you give us, made a world of difference in helping with the stress of taxes as a W2 employee and starting my own business!
You’re the first and only person I’ve ever subscribed to. Just subscribed. I just don’t want to miss out on this education. Wow.
Not going to lie, I can see you put a lot of time into these videos. I'm very impressed.
"This video has everything: drama, suspense, and a solid 10 minutes of procrastination."
😂😂😂
I just wanted to say that I’m very happy that I stumbled upon your videos. Not only are they insightful very educational and super helpful. Top notch content. Unlike a lot of UA-cam content made with empty videos that are only trying to sell you something at the end of one hour sessions; and I love that You get to the needy greedy of things and explain everything very well. believe me you’re helping a lot of people by putting out these videos so personally, I wanna say thank you
Wondering if things like the Augusta rule and IRC 179 + bonus depreciation can be utilized by each owner of a multi member LLC (2 owners filing self employment taxes separately 50/50 ownership) ??
Can you explain these acronyms you are using, please??? Thank you
Excellent video brother. Thank you
Your my fav , you explain so well I wish I had that gift
I haven’t registered (LLC) yet but I’m already subscribed and once “I AM” I’ll invest in your Patreon. (Write-off?)
so for example when you use depreciation on a property and you do a 1031 exchange does that also work against paying taxes for cost segregation savings
Thank you. Just started a small art business and I’m learning so much!
I definitely need a new tax strategist! I ask my CPA questions all the time and never get anywhere.
Hello, just started catching you a couple of days ago. Glad I found you on youtube. Your information is absolutely great. But this Augusta room is wildly amazing. Never have I ever heard of it and I've been kind of paying attention to Texas for a couple of decades. Amazing, and thank you.
Catch someone else. He is full of shit
@@wowomg1032 😳
He is used business vocabulary without knowing what it means. This is an llc video right. Why is he talking about corporate things. BTW llc stand for limited liability companie not corporation
Can i do actual expense and SL deduction?
As expected your LLC information is spot on. I as an individual pay very little taxes because of
"The Tax Savers Club". They showed me how to not pay taxes legally by following the laws governing taxes outside of the IRS regs.
I am committed to self-development & thriving.
Thank you for all your videos ! I just open a Resturant and it’s been a roller coaster trying to keep up ! I still have trouble with the payroll and paying myself
You so good at this. Thanks for the lectures.
Karlton! dude I love your videos....my wife and I are Physician Assistants and started a business- I want you do be on our team! keep up the good work
Even as great as you are breaking this down its making my head hurt lol especially when it comes to paying myself and pay taxes.
I am so excited I came across this page. I am learning so much from you! I’ve been a Business owner for many years and did not know how much I didn’t know until listening to your videos. Thank you! How can I join your other groups for learning and more?
I wonder if he replies to any questions or concerns. I have the same question.
You don't know, what you don't know.
Great show. How do you use this if you are on SSDI.
Thanks for sharing .Good info
YOU ARE AMAZING, AND YOUR INFORMATION HAS BEEN TREMENDOUSLY HELPFUL!!!
If I have advertisements on my vehicle is 100% of the driving business now for marketing?
I don’t know how my CPA accounted for some of my office items, I don’t see them listed in the depreciation list so can I assume they just applied the whole amount for my iPad for example and deducted it to the schedule C as an expense for that year?
Thank you so much, I seen your whole video but will replay it again just to make sure I understood everything. I am about to do my LLC so i am trying to learn before I do so.
How about leases or rented equipment?? Deductible??
Can I include my monthly subscriptions of my beatstore, virtual instruments that includes a monthly subscription to use them? I mean, I’m paying them in order to compose music for selling and submit for sync, which is technically part of my business.
My poor Jag is getting depreciated from having no garage 😣big time
Question. How you tax a LLC multi member ?? Do you have a video explaining that? Thank you.
Thank you for your wonderful video. I just started my LLC and your video has been really helpful.
I wished you where here to do my taxes and advise me on llc or s Corp
Are you a tax advisor Karlton
Watching all your videos boss. From Oklahoma and have a construction company and need some help with taxes.
this is the best explanation I have heard in years. Informative, classy and funny! Thanks so much!
How about a mobile office, a car, van, truck, motorhome, can that be written off as an office
wow you are so awesome, i.m so happy to listen to you. Thank you so much for sharing your information.. i already followed so many of your advises. i just want to tell you how grateful i am.
You have so much valuable info!!!! How do estimate utilities in a home office? electricity?, internet? water? what about snakcs, coffee, water?
Omg 😱 I just found you. Your a godsend
When are you going to have another course?
Can I sell vehicle to my company to better leverage personal debt income ratio
I'm trying to find a video on how Texas work for network marketers that Work From Home. (MLM)
This information is gold !!!!
I get w2 from my company, but, can I still declare for my car, laptop, note books, phones, and car service and car wash?
My electrical equipments are all older than 2019.
Can I still ask for tax return for these items?
Do you have a video or can you talk about giving a personal loan to your own LLC, say for start up money for supplies?
Question if my home office/utilities are in my fiancée’s name can I still deduct? I’m paying with my personal accounts
Great information! Question on Augusta Rule: what if I use my garage to store equipment and also purchased a shed placed on my property to store overflow food I use in my restaurants? I can rent those to my business?
This is a fantastic video, I learned a lot on LLC taxes!
If I'm in a 2 person LLC, can we both take the home office deduction if we both work from home?
Thanks Karlton, I appreciate you greatly!
He does not know what he is talking about
For the Augusta Rule, wouldn’t you have to report income on the rent received on your personal tax return?
I'm discovering Calif LLC's pay taxes on Gross Income and am not aware of anyway around this? Help!
how about if you finance the car?
Awesome brotha, thankyou for ur time and effort
What about inventory, can that fall under "equipment"?
No. It’s too different things that are used differently. Inventory you’re trying to get rid of. If your equipment is gone call the cops. See it’s different
Also if it's possible would transferring a car still being paid for from personal to business help build business credit
Appreciate the breakdown and explanation! Thank you!!
Thanks for this vital information. What if you bought your car say 2 years before you started a business? Do you still get to write off anything?
You give us hope brother!
This is amazing information. I’m curious to know what you’re using to do this presentation? Do you mind sharing the pad and the software you’re using? Thank you Karlton!
Great Video! Keep Em Coming Sir !
Would tools and equipment needed for a job fit in under the category of equipment write off?
Question…are these strategies for business owners who take deductions on a schedule c or for businesses that file forms 940/941 or both?
Awesome video, just wrote down and learned so mush info, thank you for sharing, nice day
What if your car is a Lease ?
Mr. Dennis, I need your help man.
So, I created a fundrise account but when I read the "Prospectus" and subscriber agreement, it became a little intimidating. As a first-time investor the legal jargon a bit much. With all the information there in, you would need an advisor and legal representation to help you understand the information
Bro… you the truth. My personal zeitgeist. Keep it up! You have my support!
Augusta rule! My question is can I use this rule on an office at my apartment complex?! Can my business write me personally a check monthly for this? I can't find answer on this
Fair market value- interesting, thank you! I'm assuming the receipt would still be required- for proof :)
What if I'm just a sole proprietar
Can you file corporate tax in October?
What if you lease the car
1. Is it necessary for me to make the purchase using my business account for car payments, insurance, gas, maintenance, or any other expenses? Or can I make the payment using any method and simply keep the receipt for my records?
2. If I purchased my car in November 2022 and registered my LLC in November 2023, am I eligible to write off my car or any other related expenses for the entire year of 2022, or can I only start claiming deductions from the day I registered my LLC?
Could I sublease a house I’m renting to myself?
Great video and excellent explanation.
Thanks for all information’s
Excellent thank you tax advice from your team how would one go about receiving this service
If I move my vehicle or laptop to my LLC do they only have to be used for business 100% from that point on in order to depreciate them?
if you deduct equipment from taxes for your business can that equipment be taken in the event of a lawsuit?
If we could somehow get all of our children to be as absolutely enchanting , handsome , driven & thoughtful as Karlton fn ACHIEVEMENTS UNLOCKED level up humanity!
I was just thinking this when I saw your comment! Awesome young man.
What is the proper way to convert my primary property to a living trust and have an LLC manage it to be able to use deduct the home office deduction benefits. I currently work from home now, and want to get an LLC and just want to make that it is set correctly.
I'm here to learn. Thanks
You're a Genius, man !
Karlton or community, if my CPA won’t counsel me on how best to itemize and profit from tax returns legally, not paying them, who is going to do it? ( besides you Karlton). Financial advisors??
Show us your tax bill.pls
Thank you 😊
Can you take a deduction if you car is paid off ?
As a truck driver can i still claim my personal car and a home office?
Do you offer services to do taxes ? I’d love to hire you
What if your LLC. that generates largest portion of income is a passive income or royalty stream, that llc. is owned by another llc. How do you gain deduction on passive business,
It carries over to the owners taxes.