Think tips are tax-free? Not so fast. In this video, Toby Mathis breaks down the truth behind the “No Tax on Tips” buzz and explains how the new IRS proposed regulations really work.
Would you like to learn more about protecting your assets and minimizing taxes? Schedule a free consultation here: https://aba.link/4pb
You’ll learn who actually qualifies for the $25,000 deduction, what counts as a “qualified tip,” and why certain workers and employers might still be on the hook for taxes.
Toby also covers phase-out rules, gray areas that could trigger audits, and the ongoing confusion for both employees and businesses.
Before you celebrate your tax-free tips, watch this video to understand what the IRS really means—and how to protect yourself from surprises.
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#taxfreetips #irs #irsrules #taxtips
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