Think you can write off luxury cars just because you’re an influencer? 😬 Not so fast…
There’s a lot of bad tax advice floating around online. Yes, Section 162(a) lets you deduct ordinary and necessary business expenses—but that doesn’t mean your Rolex or Lambo qualifies just because it’s in your content.
💥 Don’t fall for internet myths. Get real tax strategies from real professionals.
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Visit Anderson Advisor’s website for content, like articles, podcasts, and more that we publish alongside my channel. 👉 https://aba.link/tobyaba
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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.
#TaxTips #InfluencerTax #IRSMyths #BusinessExpenses #Section162A #TaxStrategy
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