Top 5 Tax Write Offs for LLCs in 2022 - Sherman the CPA

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Here are the top LLC Tax Write Offs in 2022.

Time and time again I see business owners pay higher taxes than they actually have to because they fail to take one of the 5 top tax write-offs that I am about to share with you.

So buckle and watch this video until the end for a bonus tax strategy that can substantially reduce your LLC taxes.

Intro: (0:00)
LLC Tax Write Off #1: (0:47)
LLC Tax Write Off #2: (2:10)
LLC Tax Write Off #3: (2:54)
LLC Tax Write Off #4: (4:03)
LLC Tax Write Off #5: (5:32)
Bonus LLC Tax Write Off #1: (6:45)

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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).
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Correction: you use a W-4 form for employees and a W-9 form for contractors.

LYFEAccounting
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So helpful. Thank you so much for taking the time to share this info!

Alexander-sbsp
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Thanks for the discussion, I really appreciate it.

FinancialFreedomMadeSimple
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Thank you for such richly information.

shermanehylton
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Great information! Some states doesn't have income tax or state tax instead there is b&o tax, could you make a video on that? Greatly appreciated. Thank you.

aivarbattalov
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Thank you for the information. The explanations are digestible and helpful. Do you have a video for making trusts for asset protection?

daveh
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I have a start up so no money on the first year, can I add tax write off on there too? So it will show too much losses?

karinamtong
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For the S-corp portion of this video, how do you know how much “wages” to pay yourself? Like for example, how did you come up with 30, 000 to pay yourself making a 100k

tiffanyreign
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I thought W-4 was for employees and W-9 for contractors?

demetriows
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*Crypto/forex trading is a big chance to make money nowadays. Get a professional to trade or advice*

noahmadlaina