How to Reduce Your Taxes by Writing Off Business Expenses

Reduce your taxes by properly writing off business expenses as deductions.

The IRS can disallow your tax deductions if you get this wrong. So watch this video until the end to find out what write-offs you can take, proper records you need to keep, and the documentation you need to prove your write-offs are legit.

What You Can Write-Off: (0:45)
How to Prove Tax Write-Offs: (2:45)

Please be sure to give this video a like and subscribe to our channel so you don't miss out on future videos!

Watch Next:

Follow Sherman the CPA:

///
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).

[FinancialFreedomMadeSimple]

Thanks for these information, Sherman!

[kinshashalewis]

That was dope info thanks man that was informative….

[jgwood]

This was good info, do you have a video detailing the actual process of plugging in the numbers and giving it to the IRS?

[richardmingo]

What’s a good tax software for self employed individuals

[Haleyx]

Do I need an LLC to be concerned a business? Or can a small business be considered any self employed income?

[carlorozzi]

So if I lease a space for a podcast/recording studio, is my rent a write off?

[Tiflhughes]

Question: is using your bank’s bill pay considered a third party transaction? Sending a check via Billpay?

[seanzafft]

You still never told me how to get my money back from the government for wasting my tax money in Afghanistan

[anthonyjames]

Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today.