Teaching The Money Lessons You Never Learned In School

Don't risk an IRS audit! Learn the REAL rules about writing off family vacations as business expenses.

In this video, I break down Internal Revenue Code 274 and show you exactly what's legal and what will get you flagged. Forget the misleading advice from influencers – I've researched actual tax court cases to bring you legitimate strategies that hold up to IRS scrutiny.

✅ FREE DOWNLOAD: My step-by-step guide on making business travel tax-deductible
👉 https://pages.teachingmillionaires.com/tax-travel

📖 Chapters
00:00 – The Truth About Vacation Tax Write-offs
00:33 – My Personal Experience with Business Travel
01:02 – IRS Requirements for Business Trip Deductions
01:32 – What Qualifies as Legitimate Business Purposes
02:03 – Real Examples: Success vs. Failure Cases
02:34 – The Travel Days Deduction Strategy
03:06 – Weekend "Sandwich Rule" Explained
03:37 – Family Member Travel Deductions: Facts vs. Myths
04:41 – W2 Employee Requirements for Tax Deductions
05:16 – Legal Strategies for Spouse Business Travel
05:49 – The 1099 Contractor Method
06:22 – Deductible Business Travel Expenses
06:51 – Non-Deductible Expenses to Avoid
07:25 – Documentation Requirements for the IRS
08:33 – Real-World Strategy Example
09:41 – Key Takeaways

#taxdeductions #businesstravel #taxstrategy

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🎧 Apple Podcasts – https://teachingmillionaires.com/apple-podcast
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👥 About Rich Smith:
Rich Smith helps individuals and business owners optimize their wealth through smart financial strategies. With expertise in tax incentives and wealth preservation, Rich breaks down complex financial concepts into actionable steps.

📌 This video may contain links through which we are compensated when you click on or are approved for offers. The information in this video was not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. I am not a financial advisor. The information I share is for educational purposes only and shouldn't be considered as certified financial or legal advice. It is imperative you conduct your own research. I am sharing my opinion only.

Grabbing a slice with my buddy Dan turned into a full-on tax strategy session. 🧠 He owns a couple of successful restaurants and was stressing over his tax bill—until I told him about depreciation. 😮

Want to know how real estate investors (and smart business owners) save tens of thousands each year in taxes—legally? It starts with this one powerful concept.

👀 Watch to see how Dan could save $30K+ and why you might be able to do the same.

#TaxTips #SmallBusinessOwner #RealEstateInvesting #TaxSavings #DepreciationStrategy #BusinessGrowth

BREAKING: The Treasury and FinCEN have officially exempted most U.S. businesses from BOI reporting requirements in a new March 2025 ruling.

In this video, I break down:
– What the March 21st, 2025 interim final rule actually means
– Why most domestic businesses are now exempt from filing
– What to do if you already filed a BOI report
– How to avoid scams targeting confused business owners
– What's happening with legal challenges to the CTA

📄 FREE DOWNLOAD: BOI Update Guide
👉 https://pages.teachingmillionaires.com/boi-filing

🔒 Need expert compliance help? Get personalized assistance from the service I personally trust:
👉 https://teachingmillionaires.com/recommends/boi

📖 Chapters
00:00 – Introduction: BOI Requirements Overturned
00:48 – New Treasury & FinCEN March 2025 Ruling
01:38 – Corporate Transparency Act Background
02:27 – Original BOI Requirements Explained
03:07 – March 21st Ruling: U.S. Businesses Exempt
03:52 – Billions in Compliance Costs Saved
04:44 – What To Do If You Haven't Filed
05:25 – What To Do If You Already Filed
06:27 – Avoiding BOI Reporting Scams
07:31 – Pending Legal Challenges
08:17 – Action Steps for Business Owners
09:37 – Staying Ahead of Regulatory Changes

#BOIreporting #CorporateTransparencyAct #FinCEN

⚡️ Connect with Rich:
▶️ Subscribe for weekly financial insights: https://teachingmillionaires.com/youtube-subscribe
📱 Follow on Instagram: https://teachingmillionaires.com/instagram
✖️ X: https://teachingmillionaires.com/twitter
📘 Facebook: https://teachingmillionaires.com/fbgroup
🌐 Website: https://teachingmillionaires.com
🎧 Apple Podcasts – https://teachingmillionaires.com/apple-podcast
🎧 Spotify – https://teachingmillionaires.com/spotify-podcast

👥 About Rich Smith:
Rich Smith helps individuals and business owners optimize their wealth through smart financial strategies. With expertise in tax incentives and wealth preservation, Rich breaks down complex financial concepts into actionable steps.

📌 This video may contain links through which we are compensated when you click on or are approved for offers. The information in this video was not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. I am not a financial advisor. The information I share is for educational purposes only and shouldn't be considered as certified financial or legal advice. It is imperative you conduct your own research. I am sharing my opinion only.

What if I told you you’re leaving thousands of dollars on the table every year… just because you’re not maximizing your tax write-offs?

In this video, I’m showing you exactly how my friend Dan — a restaurant owner — uses smart investments and strategic deductions to save BIG on taxes year after year. ✅

We’ll break down:
👉 How to legally reduce your taxable income
👉 The tax advantages of owning rental properties
👉 Why borrowing smart can actually SAVE you money
👉 The deductions most business owners miss (and how to grab them)

🚨 If you're a business owner, real estate investor, or high-income earner — you NEED to know these tax hacks.

💡 Don’t let the IRS take more than their share!

👇 Watch now and learn how to play the tax game like the pros.

#TaxSavings #WriteOffs #RealEstateInvesting #FinanceTips #SmallBusiness #MoneyHacks #TaxStrategy #FinancialFreedom #InvestingSmart

Want to legally save $30,000+ on your taxes? Real estate investors use THIS strategy to slash their tax bills—and most people don’t even know it exists.

🎯 FREE Real Estate Tax Playbook: https://pages.teachingmillionaires.com/re-tax-playbook

Do you know the secret tax strategy that wealthy real estate investors use to pay almost NOTHING in taxes – completely legally? Learn how depreciation can save you thousands on your tax bill!

In this video, I break down:
✅ How real estate depreciation works in simple terms
✅ The cost segregation strategy that saved me $10,000+ last year
✅ Why bonus depreciation is disappearing FAST (act now!)
✅ How to avoid the depreciation recapture tax trap

Depreciation isn't just for businesses – even ONE rental property can save you thousands in taxes. I'll show you exactly how I used these strategies to reduce my taxable income and build wealth through real estate investing.

📖 Chapters
0:00 – How the Wealthy Use Real Estate to Pay $0 in Taxes
2:11 – Understanding Depreciation: The Secret Tax Weapon
3:23 – Cost Segregation: How I Saved $10,000+ Last Year
4:39 – URGENT: Bonus Depreciation Ending Soon
5:48 – Avoiding the Recapture Tax Trap
7:03 – The Complete Tax-Saving Strategy for Any Investor

#realestateinvesting #taxstrategies #realestate

⚡️ Connect with Rich:
▶️ Subscribe for weekly financial insights: https://teachingmillionaires.com/youtube-subscribe
📱 Follow on Instagram: https://teachingmillionaires.com/instagram
✖️ X: https://teachingmillionaires.com/twitter
📘 Facebook: https://teachingmillionaires.com/fbgroup
🌐 Website: https://teachingmillionaires.com
🎧 Apple Podcasts – https://teachingmillionaires.com/apple-podcast
🎧 Spotify – https://teachingmillionaires.com/spotify-podcast

👥 About Rich Smith:
Rich Smith helps individuals and business owners optimize their wealth through smart financial strategies. With expertise in tax incentives and wealth preservation, Rich breaks down complex financial concepts into actionable steps.

📌 This video may contain links through which we are compensated when you click on or are approved for offers. The information in this video was not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. I am not a financial advisor. The information I share is for educational purposes only and shouldn't be considered as certified financial or legal advice. It is imperative you conduct your own research. I am sharing my opinion only.

🎯 FREE Tax Credit Playbook for Business Owners: https://pages.teachingmillionaires.com/tax-playbook

Is your CPA or accountant leaving thousands of dollars on the table? In this video, I reveal the hidden tax credits and deductions that most CPAs overlook, including one that saved my client $250,000.

You'll discover:
– The R&D tax credit that even non-tech businesses qualify for
– How a simple change saved one client $70,000 without spending a dime
– The one question that reveals if your CPA is truly looking out for you
– The 179D energy-efficient building deduction worth up to $6 per square foot
– How cost segregation can accelerate your property depreciation

📖 Chapters
00:00 The $250,000 tax credit most CPAs miss
01:50 R&D tax credits your business can claim
04:01 Property-related tax credits explained
07:02 Why CPAs overlook these opportunities
08:08 The question that can save you thousands
09:17 How to claim your tax credits today

#TaxStrategy #TaxCredits #BusinessTips

⚡️ Connect with Rich:
▶️ Subscribe for weekly financial insights: https://teachingmillionaires.com/youtube-subscribe
📱 Follow on Instagram: https://teachingmillionaires.com/instagram
✖️ X: https://teachingmillionaires.com/twitter
📘 Facebook: https://teachingmillionaires.com/fbgroup
🌐 Website: https://teachingmillionaires.com
🎧 Apple Podcasts – https://teachingmillionaires.com/apple-podcast
🎧 Spotify – https://teachingmillionaires.com/spotify-podcast

👥 About Rich Smith:
Rich Smith helps individuals and business owners optimize their wealth through smart financial strategies. With expertise in tax incentives and wealth preservation, Rich breaks down complex financial concepts into actionable steps.

📌 This video may contain links through which we are compensated when you click on or are approved for offers. The information in this video was not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. I am not a financial advisor. The information I share is for educational purposes only and shouldn't be considered as certified financial or legal advice. It is imperative you conduct your own research. I am sharing my opinion only.