What are Miscellaneous Expenses? - LLC Accounting Mistakes (Part 2) #shorts

About Karlton Dennis

Karlton Dennis is the Founder and CEO of Tax Alchemy, a firm specializing in sophisticated tax planning. Tax Alchemy is one of the fastest-growing tax firms in the U.S. Karlton and the Tax Alchemy Advisors have created powerful tax plans for thousands of clients in the United States. Many of Karlton’s clients have achieved life-changing tax savings through the strategies that he and his firm design and help implement. In fact, Karlton routinely helps his clients save 6 or 7 figures in taxes.

In addition to leading Tax Alchemy, Karlton is also the creator of the Karlton Dennis YouTube channel. This channel is one of the most successful and popular channels in the tax niche. Karlton uses his YouTube channel as a vehicle to share his wealth of tax knowledge with millions of people.

Licensed EA (Highest Tax Credential Awarded by the IRS)
Forbes Business Development Council Member
Bigger Pockets Partnered Tax Advisor
Author of The Short-Term Rental Rule: How to Reduce Taxes Like the 1 Percent
Founder and CEO of Tax Alchemy

#KarltonDennis

[nicolegibbs]

What category should clothing be placed under?

[jeffteague]

I pay no taxes. I have no expenses. No deductions. No worries and I don't fear the IRS either. In fact I look forward to being audited because if an IRS agent violates a single right I enjoy under the Constitution I can have them charged with a Federal crime. I want the IRS to come after me because I have a special surprise waiting for them and it all falls within the limits of the law.

[TroySwezey]

It is not that hard. I do not get why people do not get it. A gift is not miscellaneous, it is a gift. A meal is not miscellaneous, it is a meal.
Thanks for helping to clear this up.

[grownlady]

Unfortunately, people are lazy and oftentimes don't want to do the real work.