Wow, this was excellent. Thank you for sharing this information 👍
@cristylea80
2 жыл бұрын
I'm a Tax Compliance Officer with the IRS and I won't allow Walmart, Target, etc o. A bank statement without a receipt because I'm unable to see that it was a purchase for business, now Staples, Office Depot...yes for Office supplies....
@SERGE_Tech
Жыл бұрын
Dude this is a great talk thank you!!
@migueltax3374
Жыл бұрын
Any time 😺
@Paula-gc9wb
Жыл бұрын
I just causing you guys. I need help with taxes.
@businessmanph
3 жыл бұрын
amazing informative video. thank you.
@StarkfitnessLLC
3 жыл бұрын
Awesome info, will be reaching out! I was wondering if you could mileage depreciate a car for the time it was rented if you bought and sold the car in the same fiscal year of the earnings.
@ochicoloto3524
Жыл бұрын
Nice content 1. The commissions and fees don't get reported on most 1099k how do you know that amount to deduct? 2. Can you as owner. deduct mileage put by a renter on your turo rental?
@Wire-Free
3 жыл бұрын
1099- LLC, plus primary W-2
@jades2904
3 жыл бұрын
Wow this is so awesome
@worldcontrolled
3 жыл бұрын
thank you!
@ochicoloto3524
Жыл бұрын
Thanks. Can I use standard milage deduction for turo rentals?
@Wire-Free
3 жыл бұрын
Thanks Miguel
@rodhahn5658
3 жыл бұрын
Excellent
@gabemadison9699
3 жыл бұрын
Ho can we contact you about using your company for tax consultation?
@TYG750
3 жыл бұрын
This is great!
@puzelo9221
2 жыл бұрын
If you buy a car that is worth 12,000 but you paid 10,000 for it, do you depreciate the 12k or the 10k? Also, if you bought private party with cash, how can you prove that you paid 10k and not 8k? Thank you
@ajtolliver4600
3 жыл бұрын
How do I sign up with you or get a meeting with you to see if we would be a good fit?
@migueltax3374
3 жыл бұрын
Connect with us here HTTPS://Sharedeconomycpa.com/get-started/
@webstartup
3 жыл бұрын
I love your video man. If stay home wife running the turo business and I make 100k, do we file joint and will it impact both our tax liability? Should we file separate?
@migueltax3374
3 жыл бұрын
Correct - you'll need to run a married filing jointly vs. separate to confirm. By default these businesses "flow through" to the owner. If you'd like more info, be sure to connect with us here: sharedeconomycpa.com/get-started/
@webstartup
3 жыл бұрын
@@migueltax3374 Your form does not seem to be working. Recapcha may be broken. Thank you.
@migueltax3374
3 жыл бұрын
@@webstartup We had an issue with mobile (I just do tax) but I think we are good again: sharedeconomycpa.com/get-started/
@konaboyz1690
2 жыл бұрын
Don't waste your time use quick books online you pay for what you get!
@Paula-gc9wb
Жыл бұрын
What do you use
@Westcoastrocksduh
3 жыл бұрын
15% SE Tax 20% Federal Tax 9.6% State Tax 2% County Tax 2% City Tax Plus property tax as a percentage of your income mine being around 4%. Also don’t forget everything you buy weather or not there is state tax has taxes built into the price. Any people keep voting for more and more spending and higher taxes. It’s freaking crazy you guys keep voting for this.
@migueltax3374
3 жыл бұрын
Exactly why everyone should take an active approach to pay LESS tax. Pay what you owe, but you don't need to leave a tip ;)
@Indylimburg
2 жыл бұрын
You get taxed at virtually every transaction. You pay tax on your car and gas so that you can drive to work where you get taxed because you earn a wage so that you can pay for your house and groceries which are also taxed. And then you die, which also gets taxed 😂
@Westcoastrocksduh
2 жыл бұрын
@@Indylimburg yup. We are slaves in that manner
@konaboyz1690
2 жыл бұрын
Wave accounting linterrupts my link with bank of Hawaii it's a piece of shit program..
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