Tax Strategist REVEALS How to Write Off a G-Wagon

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*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

#taxes #taxfreeliving #taxexpert #taxreduction #llc

[Greg-swuu]

Me watching watching this with $50 in my bank account 😂

[roninmotors]

Another thing that is important to remember is 2 financing whatever vehicle it is, you still get the write off and free up cash flow, #2? the biggie? what vehicle will have the best resale after that 4-5 depreciation. G wagons are one of the best at that, you get all these huge write offs and are left with a vehicle that is still very valuable. 2019 G wagons are STILL selling for MSRP or higher, almost 4 years later. Think about that.

[layparisss]

Thank you for this quick summary. I just left a webinar on same topic and 30 minutes in the idiot still hadn’t started to tell us what you just said in less than 5 minutes

[CRISPYBADBOI]

I don't think I have ran into someone's video and was so glued and subbed mid video lmao! Bro. Nice accurate content!

[theinspectionco]

One time write off certain percentage and payments that no one needs. Just because it can be done, doesn't people should do it or that it's beneficial long-term

[SirCavemaninthewest]

For the people in the back. Yeah get your license FIRST then worry about a G wagon🤣🤣

[YoutubeSupportOfficialUS]

Smart point. With the heavy weight of EVs, they will close this deductions.

[moses-]

The car can only be used for business related functions. Your own transportation from and to the business does not count. You’ll have to purchase commercial car insurance which is much more expensive than personal car insurance. Finally any CPA would tell you that expensing out LUXURY SUVs is a red flag for tax audit. This is one of those things you can do but should you? I think if you are already rich to nickel and dime the IRS is a bad idea.

[BobbyMucka]

As long as its used 100% for business though. I always make that known when giving tax advice.

[jadan]

are you able to write off lease payments? If im leasing from a dealership?

[bowang]

All this stuff sounds good in theory but can you show an example of where this actually works? For example, someone that has multiple properties under their name, gets a W2 and manages them by themselves. How does one reduce taxes on things other than just gas and materials?

[UberYouber]

Would a 2023 BMW X7 M60i be considered a "luxury vehicle"? I hope not. Anyway, it was roughly $125k, taxes and delivery included. And I was hoping to write off about $100k (80%), as I'm purchasing it for work (Realtor) this year. Thank you for your time 🙏🏽

[shra]

use numbers to make it easier for others to understand. this guys talks so fast without using any numbers.

[tobyhawes]

He didn’t talk about recapture and isn’t bonus depreciation section 168k?

[tremellelester]

Are any other cars eligible for this? Porsche cayenne, tesla model x

[fernandojob]

HI KARLTON, HOW CAN I GET YOU TO DO MY TAXES?!!

[Approvedsince]

you try this on small business most of cpa guys say dont do it. this will trigger irs ppl and not worth it.

[markjaret]

Hey. I’m in real estate and I’m looking for a CPA tax consultant that has real esta investments themselves. How can I work with your firm?

[jihoonkim]

what will be the business purpose of that G wagon

[princejacksoniv]

I have a question ⁉️, looking to finally start my first small venture. I'm a chef, seeking to start a food truck. First time ever. Checking out your for weeks now. Currently improving my credit score and working overtime at My full time job to get up start up capital for this summer. should I buy a food truck before now, and takeout a small business loan or personal loan And then form a LLc . Or buy and form a LLC and then buy the food truck under my LLC. Best strategy