I love how some people say so much but mean so little.
@perrymattiso3772
10 күн бұрын
BIG FACTS!! Great info👍🏿✌🏿
@sparksmcgee6641
10 күн бұрын
You better have more than "thinking" the tax will be less or zero.
@dsanchez280ify
12 күн бұрын
@Karlton man I would love to use you guys but don’t think I can afford you all! Love the advice you always give. Keep it up brother!
@richardbloom2209
4 күн бұрын
Stay away from this guy, he’s a bs artist
@ericullman1062
14 күн бұрын
A good tax preparer will estimate required quarterly payments after estimating expected deductions but you will still need to make estimated 😮payments. They will just need to reduced amounts. The only way to eliminate estimated payments is to reduce taxable income to $0 - typically by claiming unlawful deductions and/or credits.
@louisrosario316
14 күн бұрын
110% correct
@Hudwinked
13 күн бұрын
When the interest rates were lower, sometimes it made sense to skip on estimated tax payments and eat the penalties if you could make a better return with your cash throughout the year. This worked especially well when skipping estimated payments towards the end of the year. Now, with the penalty up around 8-9%, that's a much more difficult strategy to pull off. Either way, a good strategy should consider these penalties and the business-specific time-value of money calculation to determine the optimal amount of estimated taxes to pay, and that strategy should be revisited, in my opinion, at least twice per quarter.
@pamelastyers6998
13 күн бұрын
No
@amyk3020
14 күн бұрын
I've been self-employed for years and I don't want to give them any more taxes. I want you to do my taxes
@sparksmcgee6641
10 күн бұрын
No you don't. This guy is wrong a lot. Including this. Saying you can skip payments without knowing the situation is lying.
@richardbloom2209
4 күн бұрын
He will only get you in trouble with the IRS
@rizalynwatkins2171
14 күн бұрын
How please help!!!!We are totally in need of help!!!
@sparksmcgee6641
10 күн бұрын
Don't listen to this guy. Call a CPA in your markwt
@JW-tk1sr
14 күн бұрын
Let me quess buy a rental property get a cost segregation study and create a big tax loss doing short term rentals and hope nothing goes wrong.... 😂
@tate6809
13 күн бұрын
And create multiple LLCs to rent and not pay so you can claim losses from theft of services, what could go wrong (disclaimer: I know this doesn't work, I'm just making fun of the youtube trend of overcomplicated financial advice for people who don't have that much money but think the way to get more is through complicated financial maneuvers)
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