The Biggest Tax Write-Off for LLCs (Part 1)

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The Biggest Tax Write-Off for LLCs (Part 1) #shorts
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#taxes #taxfreeliving #taxexpert #taxreduction #llc
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In this video we discuss: The Biggest Tax Write-Off for LLCs (Part 1) #shorts
Watch this video to avoid overpaying to Uncle Sam and to get educated on how to leverage the tax code!
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*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.

[@NACNetwork]

I swear bro you clutch asf 🔥✊🏾

[@tyshiddejuremanbey1313]

Thank you so much Brother, you are absolutely "AMAZING" 🍻!!!

[@EuroAutoEnthusiast]

Didn't miss this deduction on the 1st business, and I won't for this brand either! Thanks for the reminder for TY 2022 🙏🏽💯

[@SmoothAsSUEDE]

Peace! Absolutely love your informative videos. This is hugely important for new businesses. Love this!! ❤️💯💯

[@RealJayPace]

Don't forget your busniess has to bring in around 50k to be able to write off the 10k in taxes due to supplement the startup costs

[@RedNeckBiker109]

So when your doing your taxes, how to start up costs differentiate between expenses in general? How do you then document those costs?

[@ronaldridgeway6404]

Great info Karlton

[@RobertRoman]

What happens to tax deduction if you open business at the end of the year? Does it rollover for the next year?

[@robc.2437]

Thank you very much Mr. Dennis I Appreciate you and need a free course

[@slim7091]

🔥🔥🔥 Does start up cost include cost made to creating the LLC? For example paying for the tailor brand’s service?

[@flynsoar6528]

Yes

[@crazy3rdgen]

Write but what if the company doesn't have any income that year to offset? Do the start up cost write offs just roll over to next year?

[@queenofwandaland]

No they don’t roll-over to following year…even with no income you can still write-off start-up expenses.

[@Who_care_what-i-think]

Except if you are in the cannabis industry. We only get to write off whatever directly goes to growing the plants themselves. So as a grower with a delivery service we couldn’t write off half of the expenses and it sucks bad!!

[@Arenhammer]

Subscribed

[@dg5476]

I started my business last July but did not file since I did not have income for that business, I did however have start up costs. Can I still claim that for when I claim for this years taxes? Thank you.

[@Built2Fast]

So, where does this write off go in the paperwork?

[@robhtp3817]

Does setting up the LCC also count as a “write-off”?

[@Shamiradaye]

Can I use my office as my house rent for start ups ?

[@wendddya3828]

it make sense

[@WaikikiJason]

Wait, business cards, etc are already write-offs aren't they?

[@WaikikiJason]

These expenses can be written off at any time

[@saltsulfurmercury]

I've been trying to reach out for a consultation for a while now and for some reason that link won't open up for me

[@karltondennis]

Thank you for letting me know. Click on this link to schedule a call with my team go.karladennis.com/gc-consultation-application-sm

[@keifer3795]

🎯👌🏿

[@benjaminfairbourne]

Hey! @Karlton Dennis Can I lease a Tesla Model S and use it for content for my business and tax write off it in full? I'm 99% sure I can but just want to double check! Thanks!

[@jeremiahy.]

I seen a video he made about that, search it on KZbin. Tax write off on business car. Goodluck dude.

[@BeingAndHappenings]

❤️💚💙💛🧡💜