5 Best LLC Tax Write Offs

TABLE OF CONTENTS
0:00 Introduction
0:04 Reasons for LLCs
0:28 Top 5 tax strategies for LLCs
0:46 Business Guy introduction
1:00 Deduction #1
2:24 Deduction #2
3:53 Deduction #3
5:39 Deduction #4
6:19 Deduction #5
7:50 Conclusion

Webull

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[TheBusinessGuy]

Please be sure to watch to the end. Deduction #5 is a BIG one.

[dustyandsneezing]

Very professional with so little views? That’s a crime, what a channel. I’m subbed

[lunamorris]

Great video! Some key points were highlighted that I hadn't heard anyone else discuss. Thank you!

[youngjoshhcuhh]

Nice vid bro, helped a lot. Gonna start my LLC soon🙏👍

[hithere]

Ok thanks for sharing.
Good information.

[SUNofNY]

Great video. But us beginners could use a little more detail. Do we need to have receipts for all of the $5K start-up and $5K "organizational" costs.. or are we allowed to just claim these modest numbers?
TY

[trishashaffer]

Very helpful. Do u have a video that breaks down #5 a little more?

[Passportpax]

Hi I have a question about the TCJA 179 tax cut for cars. I know a car has to be over 6000 pounds to qualify for the tax cut. A Rolls Royce Phantom and a Bentley Masculine weigh 6000 pounds. Would luxury those luxury cars qualify for the 179 deduction?

[miguelquintero]

Do these tax deductions apply even if you are the sole member of your llc?

[americafirst]

What about 401K solo accounts? I was told you can contribute up to 25K per year and it is tax deductible. Is this true?

[jimsetterlund]

so you dont pay taxes on the distribution funds to shareholders? How does that amount get taxes - cant imagine its tax free?