How I Got a $10,000 Tax Refund (& How YOU Can Too!)

Thank so much for this video, I started my business this year and already have a Negative operation loss, Negative taxable income but learning that it's an OK thing to help get money back.

Ayyy Same school. 🎉🎉🎉

Q: If you had increased your allowances during the year, would you have had to lower before the end of year

I always get 0 because I’m untaxable. 😎

Thank you so much!

I do deliveries services and I owe 7k. Not understanding what to deductible without dependents. I would love some help.

Since I don’t want anybody driving my car, can I put the rental price for my car reasonably high enough so no one wants to rent it? Would that still work? Also if you have a video, or short explanation/link on how to prove to the IRS it’s a schedule C business. Have no idea about how to do taxes but I am eager to learn and now subscribing to you! Excellent, informative video, this should have a million views 🙏 thank you for putting us on game.

This should have a million views 🙏 thank you for putting us on game

Wow i was doing my taxes in TurboTax was getting like $19k in depreciation. I thought they were wrong

This is smart, would you recommend buying a used car to start your business?

This guy is a genius

You just used your SSN to rent your car out as a business? Or did you get a LLC and use a EIN to do this tax write off?

Would this work for doordash too 🤔

Can you do a video regarding W4 and how you can set yourself withholding enough where the return is greater?

I Followed this, and now I didn’t get my return, and the IRS is auditing me for suspicion of fraud.

Shit 10,000 is a lot of money wtf .

I believe you know your stuff.

If i owed money last year and paid it off, will that effect me this year when i file? Getting more or less of a refund? or does it not matter

After sitting down and doing the general math about what you spoke on in this video; only taking into account the salary you would likely be making as an accountant and the fact that you lost 20k from your business. It doesn't make sense for you to have gotten more than 2.5-4.5k on your return from the business alone. Is this number (10k) taking into account a return from your w4 already present, tax or other info I'm not considering?
Not sure how 20k in deduction ever turns into 10k considering there is no W2 tax bracket that's 50%

Genius ❤

Good Morning Sir,
Thank you for your video regarding “How you received a $10,000 refund from the IRS”. I am a Single Mom and I am try to start my own business in Transportation and delivery service. I live in Virginia and I need help how to start. I have a name for my business. Thank you for your assistance.

Did you really rent the car out?

Carter,

If my S Corp is not making a profit, do I need to pay myself via payroll?

Pay taxes of $10,000 and you'll get it back.

thank you so much for this video it was very helpful for my business.

💯💎✊🏾

my guy is there a way to get in touch with you

$10,000 would help me so much right now!

Can you do this year after year tho

I love seeing men like your self using the creativity God gave you. I apart you. 😊

Wish I found this video when I was doing door dash

if i had a car as a buisness and dont have everything logged but i have proof of expenses and payments if i file like this will i have to have everything organized if i get audited???

Worthy information.
Got a like and sub from me!
Keep up the great work!

Let’s go I’m doing taxes

Yo what state u in i need a personal Taxer

How do I file a 1099 along with my w2 income?

How did you put the car note into your business from your personal name? Did you refinance it into the business? I'm confused on how you can convert a personal asset into a business asset.

On me honey you are special u explained this WELL!!!

You are sooo dang fantastic that people love to present themselves as if they are you! I've found that anybody that "looks" like your handle that starts following me to block.
Baby you "done" hit the big time with your tax game! Love it!

SIR! Game-changing info. Thank You!

Been watching your vids since I saw you on social proof. You always deliver bro

I have a llc small couireir business no money made last year under business name. Drove for uber no 1099 from them they say only those made over 20000 this year . How claim on taxes

Love your content bro. Do you have any videos or information where you discuss exactly what type of business we should form in order to reap these tax benefits? Such as an LLC vs an S Corp?

Bro i appreciate you for this fr fr ! Many people dont know the tips and tricks of things , thanks for what you do !

U of I🎉. Whoot Whoot

Also...does this mean it only works when biz exp result in loss (biz exp put you in thr negative)? What happens if even after the biz exp you have profit?

Great vid! Quick question so if you were able to write off $20k in biz exp as tax deduction from w2 income...why did you only get $10k back and not 20k?

How do we alter our allowances throughout the year to accrue the 10k and still get a heavy refund???

Why do I pay a person to do my taxes just to pay taxes we need your business

Moms with 6 kids and 6 baby daddies say I get that every year