Recently found this channel. Love the content and grateful to you for teaching. I have shared this with many of my friends and family running their own businesses. Happy Thanksgiving!
Can You do this if You don’t have an LLC and are just a 1099? Just started a side hussle and waiting to make sure this is gonna take off before investing in LLC
Your LLC would have tax implications and business expenses even without a profit. If you have a business, how did it lose $ to begin with? If you supply a good or service to someone else, you had an expense somewhere to get from point “A” to tax season
Lame. Why not take advantage of the things big corporations do? Why can’t the little guys have the same benefits? This is why I’d hire him before I hire you. What do we need you for?
@BostonBaby1000 i am not trying to build a practice/gain clients. Just using my 35 yr+experience as a tax pro shining light on aggressive strategies. Note that he admits "the cruise strategy no longer works..." he probably advised such in the past. And karlton amd Karla? Gimme a break!!!
@ so you use the fact that he gives more helpful advice (don’t try to use the well-known cruise write off anymore) and then add a baseless accusation that he probably did that in the past. You’re a logical fallacy nightmare.
Recently found this channel. Love the content and grateful to you for teaching. I have shared this with many of my friends and family running their own businesses. Happy Thanksgiving!
Thanks Mark, for this super informative video. I wonder whether you have any tutorials on marketing. The tax info is much needed and appreciated.
Can You do this if You don’t have an LLC and are just a 1099? Just started a side hussle and waiting to make sure this is gonna take off before investing in LLC
Do you have to have the whole family? Could it just be me, my brother & my husband?
Can you still do write off if your LLC doesn't have a profit yet?
Your LLC would have tax implications and business expenses even without a profit. If you have a business, how did it lose $ to begin with? If you supply a good or service to someone else, you had an expense somewhere to get from point “A” to tax season
Or could it just be me & my husband without the whole family on either side?
Mark, I think you have caught a case of the Karlton Dennisitis! I used to think you were a legit tax consultant. Very sad.
Lame. Why not take advantage of the things big corporations do? Why can’t the little guys have the same benefits? This is why I’d hire him before I hire you. What do we need you for?
@BostonBaby1000 i am not trying to build a practice/gain clients. Just using my 35 yr+experience as a tax pro shining light on aggressive strategies. Note that he admits "the cruise strategy no longer works..." he probably advised such in the past. And karlton amd Karla? Gimme a break!!!
@ so you use the fact that he gives more helpful advice (don’t try to use the well-known cruise write off anymore) and then add a baseless accusation that he probably did that in the past. You’re a logical fallacy nightmare.
@@BostonBaby1000do you listen to karltons and karlas advice too?
@@BostonBaby1000he admiys je is turning a personal expenditure (thanksgiving) into a biz expense. Will not end well...btw. happy thanksgiving!!