Podcasts about schedule c

Could your business structure be costing you tens of thousands of dollars each year? In this episode, Tiffany explains how a consultant earning $1.5 million faced nearly $74,000 in self-employment and Medicare taxes. After modeling an S-Corp election and a reasonable salary, the gross employment-tax difference was about $50,000. You'll learn how S-Corps work, why owner salary matters, and which IRS rules you cannot ignore. Tiffany also covers QBI, payroll costs, state fees, and other details that can change your true savings. This is practical CPA advice for owners who want smarter tax planning, better business finance, and legal tax reduction. Before you file another Schedule C, listen now and find out whether your business structure needs a second look. Next Steps:

For the first time in its history, the National Credit Union Administration (NCUA) has zero board members. Not one. Not two. Zero.In this emergency episode, Mark Treichel walks through how the agency got here and, more importantly, what it means for credit unions in the meantime.Kyle Hauptman's six-year term expired in August 2025. Under the Federal Credit Union Act, a board member may keep serving after a term expires until a successor has qualified — which is why Hauptman was able to serve a full year past his expiration date. On August 7, 2026, the Senate confirmed John Crews. Three days later, Hauptman resigned and took the oath for his new post at the Public Company Accounting Oversight Board (PCAOB). Crews has been confirmed, but he has not been sworn in — and confirmed is not the same as seated.The finish line is the oath of office, and the oath cannot happen until the commission comes over from the White House with the President's signature. That paperwork routes through NCUA's Sensitive Compartmented Information Facility (SCIF), to the general counsel and chief of staff, and then to a swearing-in ceremony in the NCUA boardroom. Until that happens, the seat is unfilled. Mark's argument: the gap was entirely avoidable. The statute let Hauptman stay. He left anyway.The agency does not stop, because NCUA's delegations of authority were built for exactly this kind of situation. Mark treated the delegations as his operating bible during his 33 years at the agency, and he walks through what they cover and what they do not.What keeps running: examinations and supervision on the normal cycle, findings, Documents of Resolution (DORs), Letters of Understanding and Agreement (LUAs), temporary cease-and-desist orders at the regional director level, charters, and mergers.What stops: rulemaking. Conservatorships and liquidations, which sit with the board. Asset guarantees. Loss resolutions above the delegated dollar thresholds. Appointments, removals, and promotions of senior personnel. Budget changes beyond a narrow reprogramming authority. And appeals that have reached the board level — the last rung of the appeal ladder is dark until a member is sworn in.Mark also addresses the argument some are making that a standing continuity delegation lets the executive director step into the board's shoes. His read: that delegation contemplates a national emergency in which the sitting board members are unable to serve. This is not a national emergency. This is unsigned paperwork — a different thing entirely, and not a basis for staff to exercise authority the Act reserves to the board.Also covered: the quorum question hanging over the 11 final regulations issued just before the departure; the ongoing Todd Harper and Tanya Otsuka litigation and what a win would mean; the Schedule C shuffle underway in the chairman's office; and what an incoming single-member chairman faces walking into an agency that has already lost a large share of its most experienced staff.This is a short-shelf-life episode by design. It may be resolved by the time you hear it. The structural lesson will not be.Credit Union Exam Solutions is a team of former NCUA executives and examiners who help credit unions prepare for, manage, and appeal examinations. 

In this episode, Anderson attorneys Amanda Wynalda, Esq., and Eliot Thomas, Esq., answer listener questions on tax planning, entity structuring, and asset protection for real estate investors. They discuss the best tax strategies for investors who own multiple rental properties as sole proprietors and examine whether converting an S Corporation that owns rental property into an LLC could trigger property tax reassessments or other tax consequences. Amanda and Eliot also explain the rules surrounding home office deductions, including using a detached ADU as a dedicated workspace and claiming deductions for business storage in a garage. They cover the differences between operating as an S Corporation with an accountable plan versus filing on Schedule C, addressing common concerns about IRS scrutiny. Finally, they explore the complexities of structuring a 1031 exchange alongside a self-directed Solo 401(k), highlighting prohibited transaction rules, financing considerations, and strategies for staying compliant while maximizing tax benefits. Tune in for practical guidance on protecting your investments and making informed tax decisions. Submit your tax question to taxtuesday@andersonadvisors.com Register for an upcoming workshop today if you want to protect your business and personal assets from snoopy lawyers and creditors. https://aba.link/6rzu Would you like to learn more about protecting your assets and minimizing taxes? Schedule a free strategy session here: https://aba.link/5c0cf7 Highlights/Topics: 0:00 Intro 9:29 I work in a family-owned company and have the opportunity at the end of this year to obtain equity/ownership. Would you recommend accepting that ownership under a specific tax strategy or corporate setup, or just accepting the ownership under my name and Social Security number? 18:26 Is it a good idea to pull money from a traditional IRA early and then invest in oil funds to get IDC deductions to help offset the taxes I will incur by withdrawing from the IRA? 23:25 Can tax documents be reviewed for previous years and if my previous preparer didn't use all the available strategies; can those strategies be applied for those years? 27:32 I will be relocating to South Africa which has a tax treaty with the United States Government. I am a retiree who receives a monthly annuity. Will I be double taxed? I will be paying both federal and state taxes in the USA. 34:36 What is the best tax strategy for sole proprietor ownership of 12 rentals? 40:50 I have a 22-unit condo project that we converted into rentals in 1992. It was a C Corp. Now it is an S corp. One adviser suggested converting to an LLC. Would this trigger a taxable event for property tax assessments? 47:23 I have a detached ADU in my backyard. I want to use it as a home office. Can I do that and if so, how is the deduction calculated? Also, can I get a deduction if I use part of my garage for the business for storage? 53:59 Does a Sub-S election with an accountable plan attract more attention than a Schedule C filer? 57:07 We are completing a 1031 exchange and would like guidance on the best way to structure the purchase of our replacement property. Our objective is to use all available 1031 exchange proceeds while funding the remaining balance with assets from a self-directed Solo 401(k), if permissible, and avoid obtaining a conventional mortgage. Are there any IRS rules, prohibited transaction concerns, or tax implications we should be aware of before proceeding?

Executive Summary In this episode, Kim Butler and Spencer Shaw continue their conversation on taxes, moving past the W2 versus self-employed comparison to cover two categories they hadn't yet addressed: business ownership and real estate investment. Kim walks through the progression from a simple Schedule C sole proprietorship to an LLC and eventually an S corp or C corp, explaining why any amount of 1099 income opens the door to valuable home office deductions. She then turns to real estate, pointing listeners toward bonus depreciation and cost segregation as free, learnable strategies that pay off well before a CPA ever gets involved. Kim and Spencer also get into the more advanced and higher-risk end of the tax strategy spectrum: oil and gas investments for accredited investors, along with lesser-known credits tied to motion pictures, Native American tribes, and solar. They discuss the Augusta Rule, what it actually takes to qualify as a real estate professional, and why Kim remains cautious about deductions built on real estate losses. The episode closes with a practical look at business entry points, including the role of the Kolbe profile in deciding whether a franchise, a purchased business, or staying W2 is the right fit. Throughout, Kim's message stays consistent: these strategies are valuable, legitimate, and worth learning, but they only work inside a foundation of emergency funds, opportunity funds, and guaranteed, boring money that's absolutely going to be there. Links & Resources Mentioned Prosperity Thinkers: https://prosperitythinkers.com/podcasts/ Prosperity Parents: http://prosperityparents.com/  Kim D. H. Butler on YouTube: https://www.youtube.com/@KimDHButler  Contact: hello@prosperitythinkers.com Keywords financial freedom, Prosperity Thinkers, tax strategy, whole life insurance, cash flow, wealth preservation, mindset, financial education, business deductions, 1099 income, bonus depreciation, cost segregation, real estate professional status, Augusta Rule, accredited investor, oil and gas investing, Kolbe profile, LLC vs S corp, confidence, recommendation Episode Highlights [00:00:00 - 00:01:00] Spencer reintroduces the tax series and asks Kim to cover the two categories they haven't discussed yet. [00:01:00 - 00:02:00] Kim breaks down business structures, from Schedule C to LLC to S corp and C corp, and why 1099 income matters. [00:02:00 - 00:04:00] Kim points W2 earners toward real estate, starting with a single-family rental or Airbnb and a management company. [00:04:00 - 00:05:00] Kim explains why learning bonus depreciation and cost segregation costs nothing before you bring in a CPA. [00:05:00 - 00:06:00] Kim adds a third category for accredited investors: oil and gas, referencing Tom Wheelwright's book on the subject. [00:06:00 - 00:07:00] Spencer lists lesser-known accredited investor credits: motion picture, Native American tribe, tree carbon offset, and solar. [00:07:00 - 00:08:00] Spencer and Kim discuss why Tom Wheelwright built a casita, and how a real commute strengthens home office deductions. [00:08:00 - 00:09:00] Spencer introduces the Augusta Rule, renting a property to your own corporation for an annual meeting deduction. [00:09:00 - 00:11:00] Kim explains real estate professional status, the 750-hour requirement, and why it usually falls to a non-W2 spouse. [00:11:00 - 00:13:00] Kim cautions against chasing tax losses through real estate and shares the golf pros' limited partnership story from the 1970s. [00:13:00 - 00:15:00] Spencer and Kim weigh simple guaranteed returns against complex real estate deals that don't clear double digits. [00:15:00 - 00:17:00] Kim lays out business entry points: Schedule C to LLC, the Kolbe profile, franchise fit, and following talents over passion.  

Tardive dyskinesia (TD) is often misunderstood, misdiagnosed, or simply ignored — leaving many people feeling isolated, frustrated, and afraid to speak up. In this episode, we share the deeply personal story of Sherland Peterson, a woman living with tardive dyskinesia, while exploring the physical, emotional, and social impact of this complex movement disorder. Whether you are living with TD yourself, caring for someone who is, or simply trying to better understand the realities of long-term mental health treatment, this episode offers insight, validation, and practical understanding. Our guest discusses what it was like to first notice the symptoms, the challenges of getting answers, and how TD affected confidence, relationships, communication, and daily life. Listeners will learn: the emotional toll of living with visible involuntary movements  how psychiatric medication side effects can create complicated treatment decisions  what caregivers and loved ones should know about supporting someone  how stigma and shame can prevent people from seeking help  If you've ever wondered what TD actually feels like beyond the clinical definition — or if you're searching for hope, support, and real-world perspective — this episode delivers an authentic and compassionate look at life with TD.We would like to thank Teva Pharmaceuticals for providing educational support for this episode. “In my case, my mouth was so affected by TD (tardive dyskinesia), my jaw would quiver, my speech would be slurred.” ~Sherland Peterson Our guest, Sherland Peterson, is a vocal advocate for mental health awareness and has appeared in numerous podcasts, TV, and radio interviews in which she shares her mental health journey. Ms. Peterson attended Hunter College and City College of NYC. She has taught English at LaGuardia Community College, City College of NYC, and DeVry Institute in NYC. She has also served as a Schedule C in the Obama administration's Administrative Conference of the US. Our host, Gabe Howard, is an award-winning writer and speaker who lives with bipolar disorder. He is the author of the popular book, "Mental Illness is an Asshole and other Observations," available from Amazon; signed copies are also available directly from the author. Gabe is also the host of the "Inside Bipolar" podcast with Dr. Nicole Washington. Gabe makes his home in the suburbs of Columbus, Ohio. He lives with his supportive wife, Kendall, and a Miniature Schnauzer dog that he never wanted, but now can't imagine life without. To book Gabe for your next event or learn more about him, please visit gabehoward.com.

How to Protect Your Assets with LLCs and Reduce Lawsuit Risk?

On this episode of Fishing the DMV, I sit down with Kevin Flint of Flint Financial Planning for one of the most important conversations we've had about the future of fishing, tournament angling, and the real cost of chasing this sport.Kevin grew up fishing Smith Mountain Lake with his dad out of an old Ranger bass boat, and today he brings a unique perspective as both a lifelong angler and a Certified Financial Planner. We talk about how Smith Mountain Lake has changed over the years, the impact of blueback herring on the fishery, the recent low-water conditions, and how the lake's economy has evolved since COVID.Then we take a deep dive into the financial side of bass fishing. Why are boats, trucks, gas, tackle, hotels, and entry fees getting so expensive? Are tournament payouts keeping up with inflation? Is forward-facing sonar really the reason tournament participation is down, or is the real issue the rising cost of everything around the sport?Kevin breaks down the economics behind the fishing industry, why $100,000 in tournament winnings does not go as far as it used to, and what young anglers need to understand before taking on debt to chase the dream. We also discuss LLCs, Schedule C income, taxes on tournament winnings, guide businesses, budgeting, credit card debt, buy-now-pay-later programs, umbrella insurance, and how anglers at every stage of life can make smarter financial decisions.Whether you're a high school angler, college fisherman, weekend tournament guy, full-time guide, retiring angler, or someone dreaming about buying a new boat, this episode is packed with information that could save you a lot of money and stress.Please note: this conversation is for general educational purposes only and should not be considered personal financial, legal, or tax advice. Always consult a qualified professional for your specific situation.Please support Fishing the DMV on Patreon!!! https://patreon.com/FishingtheDMVPodcast If you are interested in being on the show or a sponsorship opportunity, please reach out to me at fishingtheDMV@gmail.com Flint Financial planning on Facebook: https://www.facebook.com/people/Flint-Financial-Planning/61582015850169/ Flint Financial planning on LinkedIn: https://www.linkedin.com/company/flint-financial-planning/?viewAsMember=true Flint Financial Planning: https://bit.ly/43t8h5NLMD Enterprises: http://lmdoil.com/ Jake's bait & Tackle Website: http://www.jakesbaitandtackle.com/  Link to Tactical Fishing Company: https://tacticalfishingco.com/  Fishing Pro Tech: https://www.facebook.com/FishingProTech  Phone Number: (757) 566-1278 Email: lin@fishingprotech.us Fishing Pro Tech Address: 7812-A Richmond Road, Toano, VA, United States, 23168     Max4 Fishing: https://bit.ly/4unuiOs Support the show

Small tax mistakes can cost you thousands, even when you think you're doing everything right.From missing a filing deadline to misunderstanding how a deduction works, small errors can quickly turn into penalties, lost deductions, and a higher tax bill.In this episode, Mike answers real tax questions from small business owners covering gambling losses, BOI reporting, moving an S corporation to another state, the Augusta Rule, HSAs, late 1099s, estimated tax penalties, startup expenses, vehicle write-offs, and more. He breaks down the rules, explains the available options, and shares practical steps to help you stay compliant and avoid costly tax mistakes.

In this episode of Tax Tuesday, Anderson Advisors' Barley Bowler, CPA, and Eliot Thomas, Esq., answer listener questions covering a broad range of real estate, retirement, and investment tax topics. They break down cost segregation studies and depreciation recapture, explaining how bonus depreciation accelerates deductions and how 1031 exchanges and stepped-up basis can help investors defer or eliminate gain entirely. They address whether vacated rental rooms can qualify as deductible office space, and walk through how multi-state 1099 income is taxed when a worker performs services in Kansas for California patients through a Utah company. Barley and Eliot also clarify how MAGI determines the taxable portion of Social Security benefits in retirement, and confirm that qualified retirement plan distributions are protected from California taxation once a taxpayer has established residency in Nevada. Additional topics include 529 college savings plans for children attending accredited foreign universities, combining Roth IRAs with a payroll strategy for minor children, when Schedule E versus Schedule C applies to short-term rental income, and the significant hurdles of qualifying for Trader Tax Status — along with an alternative C-corporation trading structure that may offer far greater and more reliable tax advantages. Tune in for expert advice on these topics and more! Submit your tax question to taxtuesday@andersonadvisors.com Highlights/Topics: [00:00] Intro to Tax Tuesday with Eliot and Barley [7:10] "I would like to know more about cost segregation and depreciation recapture on property sales." Cost segregation accelerates deductions upfront. Recapture taxes those gains at ordinary rates upon sale. [18:00] "At the beginning of this year, I moved into a new home. At my previous residence, I had been renting two rooms, and I am currently working to sublet them. I am still on the lease and committed to covering the cost of those two rooms until I find replacements. My question is: since I am continuing to pay for these rooms, would it be possible to classify them as office space and potentially use them as a tax deduction?" Have your business assume the lease directly. That creates a clean, legitimate deduction. [22:53] "My wife is doing remote 1099 work, and I had a question on where state taxes are due. We live in Kansas and she performs the work from a home office or rented office space in Kansas. She is performing this work through a contracting/locums company based out of Utah, but the current work she is providing is for patients in California. Do we pay KS or CA state income tax for this 1099 work?" Both Kansas and California claim the income. Kansas credits taxes already paid to California. [29:35] "Taxes in retirement: we know you can be taxed on Social Security. We don't know the details. How much can you make to avoid being taxed? Does the IRS include all incomes, passive and active? We just don't have details." Between 50–85% of benefits may be taxable. MAGI includes all income, even tax-exempt interest. [36:54] "I have been a Nevada resident for 2 years. I started my retirement from a California corporation this year. Can California tax my retirement benefits now that I am a NV resident?" No. Federal law fully protects qualified retirement benefits paid to Nevada residents. [40:55] "I am a business owner in Texas. My twin kids are growing up in a foreign country with their cousins. They may want to pursue higher education there. I haven't started a 529 college savings plan yet. If they decide not to go to college at an American university, what would be the best type of tax-sheltered account to invest in, for the kids?" 529 plans cover accredited foreign universities. Combine with a Roth IRA for maximum impact. [48:17] "Is it okay to use Schedule E to report short-term rental income?" Yes, if you provide only minimal services. Substantial services push income to Schedule C. [53:55] "For 2025 tax year, I made more than 800 trades - frequently - 3 days/week throughout the year. I made profits both from long-term investing and short-term trades. Am I eligible for Trader Tax Status and able to deduct my expenses in 2025 filing (I applied for extension)." Trader Tax Status is highly subjective and audit-prone. A C-corp trading structure is safer. Resources:

The Trump administration's overhaul of federal employees' performance management won't apply to political appointees. A memo from the Office of Personnel Management excludes all Schedule C and Schedule G appointees from the stricter performance metrics. OPM says political appointees are already at-will workers, so decisions on whether they should be kept or removed from their jobs do not depend on formal performance evaluations.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Most business owners treat filing their taxes like the finish line. It isn't. What actually lowers your tax bill is what you do before December, and that starts with knowing how to read the return you just filed.In this episode, Mike walks through a six-step process for reviewing your 2025 tax return the right way. You will learn what numbers actually matter on your 1040, how to tell if the strategies you implemented actually worked, where most business owners leave money on the table without realizing it, and how to build a real tax plan for 2026 before the year gets away from you.

Every business owner hits a point where the tax questions start stacking up. Can I deduct this? Should I switch to an S Corp? Is this still a business if I have not made money yet? And what happens if I did something before I had my systems set up the right way?In this episode, Mike opens the floor to questions from business owners and breaks down the tax answers behind them. From zero-activity LLC filings and Schedule C concerns to family payroll planning, vehicle deductions, and rental strategies like the Augusta Rule, this episode covers the practical decisions that shape how much tax you pay and how well your strategy holds up. 

In this episode of Tax Tuesday, Anderson attorneys Eliot Thomas, Esq., and Amanda Wynalda, Esq., tackle ten listener questions covering a range of real estate and tax topics. They explain when short-term rentals belong on Schedule E versus Schedule C, and how material participation and substantial services factor into that decision. They explore strategies for mitigating capital gains on rental properties, including 1031 exchanges, Delaware Statutory Trusts, and UPREITs, and clarify why house flippers cannot use a 1031 exchange since flipped properties are treated as inventory. Eliot and Amanda also cover write-off strategies for fix-and-flip investors using a C corporation, grouping rental activity with an operating business to offset income, and deducting stock trading education expenses through startup costs. Additional topics include accountable plans for home office and mileage reimbursements, the difference between contributing funds to a for-profit business versus donating to a nonprofit, reporting the sale of foreign property on a U.S. tax return, and whether a prior-year cost segregation study can still be applied in 2026. Tune in for expert, practical guidance on all of these topics and more! Submit your tax question to taxtuesday@andersonadvisors.com Highlights/Topics: [06:08] "Can I file a Schedule E if I'm doing short term rentals?" Avoid substantial services and keep average guest stays over seven days. [15:49] "How can I mitigate capital gains taxes for rental property if I do not want to hands on operate rentals anymore?" Consider a 1031 exchange into a Delaware Statutory Trust or UPREIT. [22:38] "How can I get tax write offs on fix and flips?" Use a C corp for deductions through accountable plans and reimbursements. [26:24] "If I'm in the business of flipping houses, could I use a 1031 exchange to defer my taxes?" No — flipped properties are inventory and not eligible for 1031s. 30:29] "How does grouping work in order to claim losses in a self rental situation?" Group your rental property with your business to offset income with depreciation. [35:41] "I already purchased stock trading education programs before having any entity set up. How can I deduct those education expenses?" Set up your C corp now; deduct education courses as startup costs. [39:33] "How can I get reimbursed for a home office, business mileage and other expenses?" Use an accountable plan through your S corp or C corp. [44:15] "Can you write off or deduct a financial contribution made from your personal account to your for profit business account in the same way you can make a contribution or donation to your nonprofit?" No deduction; contributions adjust your basis and reduce future taxable distributions. [49:58] "If I sell property abroad, how do I handle the taxes on my US Tax return?" Report on Form 8949, Schedule D; claim a foreign tax credit. [53:15] "If I had a cost segregation study conducted in a previous year but did not use it, can I still use it in 2026?" Update calculations with your original cost seg firm before filing your return. Resources: Tax and Asset Protection Events https://andersonadvisors.com/real-estate-asset-protection-workshop-training/?utm_source=how-to-use-a-1031-exchange-when-flipping-houses&utm_medium=podcast Schedule Your FREE Consultation https://andersonadvisors.com/strategy-session/?utm_source=how-to-use-a-1031-exchange-when-flipping-houses&utm_medium=podcast Anderson Advisors https://andersonadvisors.com/ Toby Mathis YouTube https://www.youtube.com/@TobyMathis Toby Mathis TikTok https://www.tiktok.com/@tobymathisesq Clint Coons YouTube https://www.youtube.com/@ClintCoons  

In this episode, I show you how to complete Form 1120, C Corporation Income Tax Return. Not only do I show you how to complete pages 1-6 of the Form 1120, including page 1, Schedule C, Schedule J, Schedule K, Schedule L, Schedule M-1, and Schedule M-2, but I also walk you through supporting schedules such as Form 1125-A (Cost of Goods Sold), Schedule G (Information on Certain Persons Owning the Corporation's Voting Stock), Form 1125-E (Compensation of Officers), Form 4562 (Depreciation and Amortization), and detail statements.Looking for a professional CPA firm to file your business and/or individual tax returns? Book a free consultation here: https://calendly.com/clarita-cpa-grou...

Tax season is here, and we're breaking down key strategies you need to know RIGHT NOW.In this episode of MX3 Podcast, we dive into:- The Augusta Rule and how it really works- Schedule C vs Schedule F explained in simple terms- The realities of farming, ranching, and government subsidies- Why self-employment taxes can catch people off guard- How to properly prepare before starting a businessIf you're earning income outside of a W-2 or thinking about starting a business, this episode could save you money and headaches.We believe in money, motivation, and taking action—and this episode is all about helping you level up your financial understanding.

The FCC is set to exempt amateur radio operators from new foreign adversary reporting requirements—great news for hams!This YouTube video covers the ARRL's January 15, 2026 update: In a draft Report and Order (GN Docket No. 25-166) released January 8, 2026, and adopted January 29, the FCC places Amateur Radio Service licenses in Schedule C, exempting them from attestation and detailed reporting.Thanks to strong ARRL advocacy, the FCC recognized amateurs pose minimal national security risk—no commercial services, no public network ties, and hobby-only use.Today's video is sponsored by M&P Coax. Save 10% off of all of their products with code HR2CABLES at this link https://geni.us/hr2cablesOriginal article: https://incompliancemag.com/fcc-expected-to-exempt-amateur-radio-operators-from-foreign-adversary-reporting-requirements/ARRL article: https://www.arrl.org/news/fcc-poised-to-exempt-amateurs-from-foreign-adversary-reporting-requirements Grok Article: https://grok.com/share/c2hhcmQtMg_1f9b3615-f5e9-4306-8665-e2bd43998c1aBecome a supporter of this podcast: https://www.spreaker.com/podcast/ham-radio-2-0--2042782/support.

Many business owners overpay taxes because their CPA focuses on compliance instead of strategy. In this episode, we answer real tax questions from business owners about Schedule C, home office deductions, S-Corporation elections, and the Augusta Rule. You'll learn what deductions are truly allowed, when an LLC makes sense, and how to know if you're ready for S-Corp status. We also break down common fears like depreciation recapture and audit risk. These strategies are not loopholes. They are legal tools built into the tax code to help business owners keep more of what they earn. If you've ever felt dismissed or talked down to about your own finances, this episode gives you the clarity and confidence to ask better questions.   Next Steps: ➡️ Overpaying your CPA and the IRS? Learn how to stop it in this free training: https://go.phillipsbusinessgroup.com/registration

What does it actually look like when a top-producing loan officer stops dabbling with AI and fully embeds it into every layer of his mortgage business? In this episode of Mortgage Marketing Radio, guest host Katie Shive sits down with Abdel Khawatmi — Area Manager and founder of Got Mortgages with PRMG — to break down the exact system behind 121 units, $40M in personal production, and 210% net revenue growth year over year. This is not a conversation about generating social media captions with ChatGPT. This is a ground-level look at how a working originator rebuilt his operations, client experience, and team structure around AI — and what that means for every loan officer trying to compete right now. What you'll learn: Why Abdel cut his offshore team from 7 to 3 — and what AI does instead How he uses ChatGPT to calculate Schedule C & E income, build SOPs, and draft compliant letters of explanation Why he's on the phone with clients MORE since implementing AI — not less The hyperlocal event strategy that his referral partners can't stop talking about His ROI framework: Relevance, Omnipresence & Intimacy The 4-step client experience model that keeps his pipeline full without him being the first touch The one thing he tells every loan officer who asks, "where do I start?" If you are a loan officer grinding in a tough market and wondering how to build a smarter, leaner, more profitable business — this is the episode you have been waiting for. Connect with Abdel on LinkedIn https://www.linkedin.com/in/abdel-khawatmi-79a511144/ Connect with Abdel on Instagram: https://www.instagram.com/got_mortgages/ Connect with Katie Shive on LinkedIn: https://www.linkedin.com/in/katieshive/

If you're trying to lower your taxes and your income-driven student loan payment, your Adjusted Gross Income (AGI) is the number that drives both. Joe and Meredith walk through the most common ways vets can bring that number down.Key Topics:Making pre-tax retirement contributions and why Roth doesn't lower AGIUsing a Solo 401k with 1099 relief incomeContributing to an HSA if you're on a qualifying high-deductible planTaking advantage of Health Care or Dependent Care FSAs through your employerMaking sure legitimate Schedule C business expenses are reducing your net profit if you're self-employedInterested in vet-specific financial planning? Learn more or schedule a free intro call at allvetfinancial.com

Imagine breaking even at the casino and still owing taxes.Beginning in 2026, Congress approved a new rule that limits gambling loss deductions to 90%. That means if you win $10,000 and lose $10,000, you could still owe taxes on $1,000 of phantom income.Today, we're breaking down the new gambling tax rule that quietly slipped into law, why it creates phantom income for gamblers, and what casual and professional gamblers need to do right now to protect themselves.

This episode explains the real truth about IRS audits and what business owners should expect in 2026. You'll learn what actually triggers an audit, why Schedule C filers face the highest risk, and how simple tax planning steps can protect you. We walk through the importance of clean bookkeeping, formal business entities, and documenting your deductions so you're ready if the IRS ever asks questions. You'll also learn how late S elections work and how they can save you money even after the deadline. This episode gives you the confidence and tax planning tools you need to stay protected and keep more of what you earn.   Next Steps:

Learn how to plan for self-employment taxes and understand how savings interest can affect your tax bill. How can sports betting apps affect your finances? How do you set up taxes for 1099 contract work? Hosts Sean Pyles and Elizabeth Ayoola discuss self-employment taxes to help you prepare for tax season and avoid surprises. But first, senior news writer Anna Helhoski joins them to discuss the rise of sports betting and prediction markets. They break down how legal sports betting expanded after a 2018 Supreme Court decision, how app-based betting and prop bets make it easy to wager in real time, and the growing concerns around addiction risk, regulation, and the nonstop flood of betting ads. Then, Sean and Elizabeth dig into tax prep for contract work, including how business structure can affect self-employment taxes, ways to pay during the year through quarterly estimated payments or adjusting W-2 withholding, and how to stay organized with bookkeeping, deductible expenses, and forms like 1099-NEC. They also cover what to expect tax-wise with a Roth IRA and why high-yield savings account interest is typically taxed as ordinary income (often reported on Form 1099-INT). Use NerdWallet's free calculator to estimate your self-employment tax: https://www.nerdwallet.com/taxes/calculators/self-employment-tax-calculator  Want us to review your budget? Fill out this form — completely anonymously if you want — and we might feature your budget in a future segment! https://docs.google.com/forms/d/e/1FAIpQLScK53yAufsc4v5UpghhVfxtk2MoyooHzlSIRBnRxUPl3hKBig/viewform?usp=header In their conversation, the Nerds discuss: self-employment taxes, 1099 contractor taxes, estimated taxes, quarterly estimated tax payments, Form 1099-NEC, Schedule C, Schedule SE, sole proprietor taxes, S corp vs LLC taxes, S corp reasonable salary, self-employment tax rate 15.3%, net earnings self-employment tax, W-2 withholding for side hustle, Form 1040-ES, bookkeeping for freelancers, deductible business expenses, home office deduction, business bank account, separate business and personal finances, business credit card for expenses, tax deadline for S corp, first time penalty abatement, IRS penalty abatement, Roth IRA taxes, Roth IRA income limits 2026, Roth IRA phase-out, traditional IRA tax deduction, SEP IRA, SIMPLE IRA, tax forms for freelancers, Form 1099-INT, high-yield savings account taxes, sports betting taxes, sports betting apps, DraftKings, FanDuel, prediction markets, Kalshi, and Polymarket. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

#307 Most business owners track revenue. Some track expenses. Very few track the numbers that actually determine freedom and long-term wealth. In this episode, I break down the Top 3 KPIs almost no one is tracking and why ignoring them keeps smart, hardworking owners stuck. KPI #1: Taxes We talk about: The real difference between Schedule C and K-1 income Why "not paying taxes" usually means one of two things: You don't actually have profit Or you're kicking the can down the road in a way that will eventually cost you How taxes are not the enemy but a signal of real progress If you want to build wealth, taxes are part of the deal. KPI #2: Your Sales P&L Most people look at revenue. Very few look at what it costs them in time and energy to create that revenue. We cover: How much time you're really spending on sales and marketing Why "being busy" is not the same as being effective How to think about sales like an investment KPI #3: Personal KPIs That Actually Matter This is the one almost everyone ignores. We talk about tracking: Time with your kids Nights home Weekends off Vacations taken Mental bandwidth and margin Because what's the point of a profitable business if it costs you the life you were trying to build? Bonus KPI: Net Worth Revenue is noisy. Profit is helpful. Net worth tells the truth. I share why tracking net worth changes how you make decisions and keeps you focused on the long game. If you want a business that supports your life instead of consuming it, this episode will hit home.

Thanks to our partners Promotive and Wicked FileAre you unknowingly doing things that make the IRS take a closer look at your shop?What if one “small” filing mistake dramatically increases your audit risk this tax season?In this episode, Hunt Demarest walks through the most common tax mistakes that raise red flags with the IRS — and why many well-intentioned shop owners accidentally put themselves in the audit spotlight every year.Drawing on real audit cases from auto repair shops, Hunt explains how filing late, amending returns, underreporting income, and mismatched 1099 reporting can quickly escalate into full-blown audits, even when nothing dishonest was intended.This episode also breaks down why Schedule C amendments are especially dangerous, how credit card deposits and sales tax reporting can trigger IRS scrutiny, and what shop owners should do before filing to minimize risk, close the books cleanly, and move into the new year with confidence.What you'll learn…(03:00) Understanding IRS audits and common mistakes(05:45) Hunt's personal experience with being audited(06:40) How to prevent ever getting audited(09:00) What actually increases audit risk — and what doesn't(11:50) Income reporting and its applications(15:05) The impact of K1's and other income sources(17:55) High-risk income types and their audit potential(21:15) Losses and their effect on audit risk(24:00) Filing strategies to minimize audit risk(27:00) Final thoughts on tax preparation and auditsThanks to our partner PromotiveIt's time to hire a superstar for your business; what a grind you have in front of you. Introducing Promotive, a full-service staffing solution for your shop. Promotive has over 40 years of recruiting and automotive experience. If you need qualified technicians and service advisors and want to offload the heavy lifting, visit https://gopromotive.com/Thanks to our Partner WickedFileTurn chaos into clarity with WickedFile, the AI for auto repair shops. Transform invoices into insights, protect cash flow, and stop losing parts, cores, or credits to maximize your bottom line. visit https://info.wickedfile.com/Paar Melis and Associates – Accountants Specializing in Automotive RepairVisit us Online: www.paarmelis.comEmail Hunt: podcast@paarmelis.comText Paar Melis @ 301-307-5413Download a Copy of My Books Here:Wrenches to Write-OffsYour Perfect Shop The Automotive Repair Podcast Network: https://automotiverepairpodcastnetwork.com/Remarkable Results Radio Podcast with Carm Capriotto: Advancing the Aftermarket by Facilitating Wisdom Through Story Telling and Open Discussion

Taxes are one of the most confusing parts of being a working artist, especially when you're self-employed, selling through galleries, or juggling multiple income streams. In this episode, I'm joined by Hannah, a working artist and the founder of Sunlight Tax, to break down the tax basics every artist needs to understand, in clear, plain language. We cover: What a Schedule C is and how artists are taxed when self-employed How self-employment tax actually works (and why it's higher than you expect) 1099s explained, including galleries, Stripe, PayPal, and Etsy Why you still need to report income even if you don't receive a 1099 Simple ways to stay organized without rigid bookkeeping systems When an LLC makes sense for artists and when it doesn't The easiest first step to take if taxes feel overwhelming right now This is a practical, grounded conversation designed to help artists feel clearer, more confident, and better prepared without turning finances into a second full-time job. Resources mentioned in this episode:Sunlight Tax: https://www.sunlighttax.com/1099s for creatives: https://www.sunlighttax.com/1099 If you're an artist building a sustainable career and want to understand the business side without losing your creativity, this episode is for you. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Brian and Jeremiah dive one of the biggest questions investors should be asking: how do you know if your financial advisor is truly working in your best interest—or quietly profiting from hidden fees? This show starts by breaking down fiduciary vs commission-based advice, why transparency matters, and what listeners should ask to uncover all-in advisory costs—including mutual fund expense ratios, 12b-1 fees, and confusing share class structures like A, B, and C shares. Plus, practical call-in planning: a homeowner selling property after decades in California learns how the $500,000 home-sale capital gains exclusion works for married couples, how improvements affect cost basis, and why moving states or turning a home into a rental can change tax outcomes. Finally, the hosts cover gig-economy tax basics—how DoorDash/1099 income gets taxed, the role of Schedule C, and why tracking deductions and mileage is essential.   Listen, Watch, Subscribe, Ask! https://www.therealmoneypros.com Hosts: Jeremiah Bates & Brian Wiley ————————————————————— Ataraxis PEO https://ataraxispeo.com Tree City Advisors of Apollon: https://www.treecityadvisors.com Apollon Wealth Management: https://apollonwealthmanagement.com/ —————————————————————

In this episode of the Basic Influencer Strategies Podcast, Mike is joined by tax professional and Amazon Influencer Program participant Tina McGlynn to break down essential tax strategies every content creator should understand.We dive into why creators need to start treating their content as a business early on, and Tina walks through foundational topics like Schedule C filings, LLC vs S-Corp considerations, deductible expenses, and proper record keeping.Special attention is given to navigating brand deal income, understanding the fair market value of gifted products, and avoiding common mistakes that can cost creators thousands at tax time. Tina also shares practical advice on setting up business bank accounts, tracking income correctly, and staying organized year-round.The episode wraps up with resources and guidance Tina offers to help creators confidently handle their taxes and legally minimize what they owe.Whether you're brand new or scaling fast, this episode will help you build smarter systems and avoid painful tax surprises.Treating content creation like a business from day oneSchedule C basics for content creatorsLLC vs S-Corp considerationsDeductible expenses creators often missHandling brand deals and gifted productsFair market value of samplesSetting up business bank accountsRecord keeping and tax prep systems________________________________Download Tina's Tax Guide Here!Tax Guide Checklist________________________________

This episode is a live mini-workshop recorded with members of the Escapee Collective (and released here because it was too useful to keep inside the community).My guest Diane Kennedy (CPA) breaks down what most new escapees get wrong about taxes and business structure — and why the real first question isn't “LLC or S-Corp?”It's: Are you building a business… or replacing a paycheck?From there, we get into the most common setup for solopreneurs (LLC + S-Corp election), how to think about deductions without getting cute, and why “keeping it small and keeping it all” is the solopreneur cheat code.We also bring in Lisa Dini from Lettuce, who explains how they help solos run the S-Corp model without turning you into an accountant.Heads up: This is educational, not legal/tax advice. Talk to your pro for your situation.What you'll learnThe real first question for escapees: build a business vs replace a paycheckWhy “LLC vs S-Corp” is usually the wrong framing (and what Diane recommends instead)Why Diane believes you should set up an LLC early (asset protection + flexibility)The 3 “buckets” of income for solopreneurs: Earned, Leveraged, & Passive (the holy grail)A simple way to think about deductions: ordinary + necessary (and how to find write-offs you already have)How S-Corps can help you keep more of what you earn (salary vs distributions, plus other benefits discussed)Real-world Q&A on: partners, joint ventures, and multi-state setups, California “special rules” , Schedule C vs S-Corp timing, Solo 401(k) and related retirement ideasResources Mentioned:Lettuce.co: https://hubs.ly/Q03Yz8KX0Tax Calc: https://hubs.ly/Q03Yz8Rf0Tax Prep: https://hubs.ly/Q03Yz8JY0GuestsDiane KennedyCPA and long-time solopreneur. Diane helps business owners structure their business and income in smarter ways so they can keep more of what they earn and operate like a real business.Lisa Dini (Lettuce)Lettuce helps solopreneurs run an S-Corp model efficiently, without drowning in admin and accounting work.

Send us a textIf you're a new business owner, you've probably wondered if you are doing any of this correctly.Should you get an LLC? Do you file a Schedule C? Can you hire your kids? Does a home office hurt you when you sell your house?In this episode, Mike walks through real questions from listeners and gives clear answers to the tax issues that confuse most new entrepreneurs. From 1099 income and deductions to home office rules, the Augusta Rule, and hiring your kids, this Q&A hits the topics every early-stage owner struggles with.

Barry Levine, a bankruptcy attorney with nearly 45 years of experience, helps entrepreneurs facing overwhelming debt navigate tough choices. He stresses that optimism, while essential for starting businesses, often blinds owners to financial reality until it's too late—leading them to drain home equity or 401(k)s in futile attempts to save failing ventures. Levine prefers corporations over LLCs for their lower setup costs ($275 vs. $500) and tax advantages via Subchapter S election, warning that LLCs filing Schedule C can make owners fully liable for trust fund taxes without the corporate "discount." He advocates early action: record a Massachusetts homestead ($35) to protect up to $1 million in home equity, and secure family loans with UCC filings to prioritize them in liquidation.

Send us a textWhat if you could pay your kids a salary, take a business deduction, and teach them real financial skills at the same time? In this episode, Mike Jesowshek, CPA, explains how to legally hire your children in your business, what the IRS actually allows, and how to do it correctly so you avoid audits and penalties.You'll learn the rules for paying your kids under age 18, how to document their work, how much you can pay them tax-free, and how this strategy can double as a wealth-building tool through Roth IRAs.

In this Tax Tuesday episode, Anderson attorneys Amanda Wynalda, Esq., and Eliot Thomas, Esq., tackle listener questions on choosing the right business structure and maximizing tax savings. They explore when to switch from sole proprietor to S-corporation status, explaining the sweet spot for making the transition and the significant tax benefits available through S-corps versus Schedule C filing. Amanda and Eliot dive deep into house flipping strategies using C-corporations to avoid dealer status and self-employment tax while maximizing deductions through accountable plans and bonus depreciation. They clarify the complexities of 1031 exchanges, especially when properties are held in partnerships, and introduce the "lazy 1031" strategy for offsetting capital gains using passive activity losses. The duo also addresses managing multiple LLCs without creating excessive tax filing burdens, deductions available for nonprofit volunteer work, and creative ways to fund retirement accounts through trading partnerships. Whether you're a truck driver looking to reduce your tax burden or an investor navigating 1031 exchange rules, this episode delivers expert guidance on structuring your business for maximum tax efficiency! Submit your tax question to taxtuesday@andersonadvisors.com Highlights/Topics: "I have a trading partnership with 40% C-corporation and 60% myself for ownership. The partnership makes around $20,000 in ordinary staking income." We're going to be talking about Bitcoin. "Can the C-corp use its $8000 in income to fund a 401(k) owned by the corporation since this is ordinary income?" - Yes, use solo 401(k) or tax-free reimbursement strategies instead. "What kind of deductions can I use as a C-corporation to offset capital gains from a house flipping?" - House flipping creates ordinary income, not capital gains, offset accordingly. "If I have multiple LLCs, do I have to file multiple tax returns?" - It depends on entity type and how they're connected. "I am a sole proprietor, independent truck driver, and I feel I'm paying very high taxes. What can I do?" - Consider switching to S-corp for self-employment tax savings at scale. "My tax preparer says, don't switch to an S-corp. Make an S-election until your revenue hits a hundred thousand dollars. Why is that? And how will an S-corp help me?" - S-corps save self-employment tax but add compliance costs and complexity. "If a property purchased via 1031 exchange is held in an LLC partnership, can it be converted to personal use like a personal residence after two years? If so, what are the tax implications?" - Extremely complicated; partnership ownership creates significant tax issues and barriers. "How may I pay no capital gain without a 1031 exchange?" - Use the lazy 1031 strategy releasing suspended passive losses. "If I volunteer my work or my time at a nonprofit agency, are there any tax deductions that I can take?" - Personal time isn't deductible, but mileage and expenses are. Resources: Schedule Your Free Consultation https://andersonadvisors.com/real-estate-asset-protection-workshop-training/?utm_source=s-corp-vs-sole-proprietor-when-should-you-switch-to-an-s-corp&utm_medium=podcast Tax and Asset Protection Events https://andersonadvisors.com/real-estate-asset-protection-workshop-training/?utm_source=s-corp-vs-sole-proprietor-when-should-you-switch-to-an-s-corp&utm_medium=podcast Anderson Advisors https://andersonadvisors.com/ Toby Mathis YouTube https://www.youtube.com/@TobyMathis Toby Mathis TikTok https://www.tiktok.com/@tobymathisesq Clint Coons YouTube  

Send us a textTracking expenses isn't just about saving receipts—it's about building a proactive, compliant financial foundation. In this quick-tip episode of The Private Practice Survival Guide, Brandon Siegel breaks down how to design a strategic tax planning system that keeps your business organized, audit-ready, and optimized for savings all year long.You'll learn how to:* Set up separate business bank accounts and integrate accounting tools like QuickBooks* Perform monthly reconciliations and maintain clean, accurate books* Conduct quarterly CPA reviews to stay compliant and proactive* Categorize expenses using Schedule C–friendly buckets for smarter tracking* Plan and pay quarterly estimated taxes without the stress* Identify often-overlooked deductions and credits (home office, mileage, professional education, and more)Leverage advanced credits and savings tools like WOTC, Section 127 student-loan assistance, SEP/Solo 401(k)/SIMPLE plans, and HSAs/FSAsIf you're ready to simplify your finances, strengthen compliance, and keep more of what you earn, this episode gives you the checklist to start the right conversation with your CPA—today. (Not tax advice.)Welcome to Private Practice Survival Guide Podcast hosted by Brandon Seigel! Brandon Seigel, President of Wellness Works Management Partners, is an internationally known private practice consultant with over fifteen years of executive leadership experience. Seigel's book "The Private Practice Survival Guide" takes private practice entrepreneurs on a journey to unlocking key strategies for surviving―and thriving―in today's business environment. Now Brandon Seigel goes beyond the book and brings the same great tips, tricks, and anecdotes to improve your private practice in this companion podcast. Get In Touch With MePodcast Website: https://www.privatepracticesurvivalguide.com/LinkedIn: https://www.linkedin.com/in/brandonseigel/Instagram: https://www.instagram.com/brandonseigel/https://wellnessworksmedicalbilling.com/Private Practice Survival Guide Book

In this episode of Tax Tuesday, Anderson advisors Barley Bowler, CPA, and Eliot Thomas, Esq., address listener questions on tax topics ranging from basic bookkeeping to advanced ESOP strategies. They cover essential bookkeeping practices for first-time rental property owners and the tax implications of transferring a fully depreciated truck from an S corporation to personal use. Barley and Eliot explain how to catch up on missed depreciation from prior years, the tax benefits of inheriting property versus receiving it as a gift, and how independent contractors should handle federal income and employment taxes. Other topics include choosing the best filing structure for single-member LLCs, tax reduction strategies for Schedule C solopreneurs earning over $100K, deferring traditional IRA distributions using Qualified Longevity Annuity Contracts (QLACs), and the little-known 1042 fund strategy for deferring taxes on ESOP distributions. Tune in for practical tax advice and strategies to keep more of what you earn! Submit your tax question to taxtuesday@andersonadvisors.com Highlights/Topics: "What's the most efficient way to get my books ready for filing taxes? I'm filing taxes for my first time rental business. I just acquired them this year. I'm a first time landlord without bookkeeping experience." A: Use bookkeeping software and categorize expenses properly throughout the year. "My S corporation owns a fully depreciated truck. Can I transfer the truck to my personal name and start taking mileage reimbursement instead? What are the tax implications?" A: Yes, but you'll recognize income equal to fair market value. "For the eight years now, my prior taxpayer never took depreciation for any of my rental properties or my property assets for the building, along with the components like the water heater. What do I do now?" A: File Form 3115 for a change in accounting method. "I'm considering moving into my parents' home while they're still living there. I'm curious about the best way to either transfer the house into my name or should I stay there and wait until they pass because they intend to leave the house to me anyway." A: Wait for inheritance to receive stepped-up basis and avoid gift taxes. "How do I pay federal income and employment taxes working as an independent contractor receiving a 1099?" A: Pay quarterly estimated taxes using Form 1040-ES throughout the year. "What tax filing structure do you recommend for a single-owner LLC wanting to not be a disregarded entity? Why? Pros and cons of the options." A: Consider S corporation for self-employment tax savings if income supports it. "I'm a Schedule C solopreneur looking for ways to avoid being overtaxed. I made over $100K this year and I'm the only breadwinner in my family of four with two kids under 18. We're in Florida. What do you recommend for ways to lower my taxable income?" A: Establish S corp, maximize retirement contributions, and utilize business deductions. "Is there any way to defer for tax reporting a distribution from my traditional IRA? I recently heard someone talking about this and was not sure if they were referring to a Qualified Longevity Annuity Contract (QLAC)." A: Yes, QLACs allow deferring up to $200K until age 85. "How does a 1042 fund work? I've never heard of that." A: It defers ESOP distribution taxes by reinvesting in qualified replacement stock. Resources: Live Event in Dallas Dec 4-6 2025 Schedule Your Free Consultation Tax and Asset Protection Events Anderson Advisors Toby Mathis YouTube Toby Mathis TikTok Clint Coons YouTube

As a small business, your salon company has options when it comes to paying taxes. But are you chosing the right one? Whether you're in a parternship, an S corp or a C corp, the best entity for your business might not be the same as the salon across town, or even the same as it was a few years ago when you had four chairs instead of eight. For the second in our Financials 101 series, Boyum Associates accounting wiz Chris Wittich breaks down everything you need to know to make an informed decision. You'll hear:The differences between Schedule C, partnerships, S Corps, and C CorpsWhy S Corps are often the go-to for salons—and when it's time to make the switchHow state laws and the new FICA tip credit can impact your decisionThe importance of paying yourself a “reasonable salary” as a salon owner (and what that really means)Why setting up an LLC is a smart move, even if you're just starting outCommon mistakes salon owners make with their taxesGet more tips and reach out to Chris Wittich at salon.cpaLearn more about the FICA tax tip credit and tax-free tips!  Follow Summit Salon Business Center on Instagram @SummitSalon, and on TikTok at SummitSalon. SUMM IT UP is now on YouTube! Watch extended cuts of our interviews at www.youtube.com/@summitunlockedFind host Blake Reed Evans on Instagram @BlakeReedEvans and on TikTok at blakereedevans. His DM's are always open! You can email Blake at bevans@summitsalon.com. Visit us at SummitSalon.com to connect with others in the industry.

Are you making money decisions that could be holding you back from real financial freedom? In this episode of the Main Street Business Podcast, Mark J. Kohler flies solo to answer your questions! In the process, he reveals the common mistakes people make with money, taxes, and investments — and how you can avoid them. He shares proven strategies to help you protect your wealth, build long-term security, and take control of your financial future.From managing taxes to creating passive income, this discussion breaks down the essential steps every entrepreneur, investor, and professional should know. Learn how to maximize deductions, grow your wealth, and safeguard your assets without falling into costly traps.If you're serious about building wealth and creating lasting financial stability, this is an episode you can't afford to miss!You'll learn:How transferring a property to an LLC works, the risks of triggering the due-on-sale clause, and what to watch out for with your lenderThe difference between Schedule E and Schedule C when reporting short-term rental income — and how mixed personal use can change your tax treatmentKey rules for deducting business mileage when operating across multiple locations, and how to maximize your write-offsWhat expenses you can (and can't) cover in a Roth IRA LLC, including laptops, mining rigs, and other gear for crypto-related activitiesWhy documenting your strategies correctly is essential to avoid IRS issues and maintain tax efficiencyPractical, real-world answers to common tax and wealth-building questions that apply to both investors and small-business ownersGet a comprehensive tax consultation with one of our Main Street tax lawyers that can build a tax strategy plan with an affordable consultation that will leave you speechless!! Here's the link - https://kkoslawyers.com/services/comprehensive-bus-tax-consult/?utm_source=buzzsprout&utm_medium=description&utm_campaign=msbp004-open-forum-lessons-on-wealth Grab my FREE Ultimate Tax Strategy Guide HERE! You don't want to miss this! Secure your tickets for the most significant business, tax & legal event of the year: Main Street 360 Looking to connect with a rock star law firm? KKOS is only a click away! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute discovery call to explore the Main Street Tax Pro Certification. Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!

In this episode of The Modern Hairstylist Podcast, host Hunter Donia sits down with Michelle Cook CPA to clarify what the so called Big Beautiful Bill actually changes for beauty professionals. If you have heard conflicting takes on tip taxation, entity status, and year end reporting, this conversation gives you straight facts on what is in the final law and how to prepare your business for it. Whether you are a W2 employee, a booth renter filing Schedule C, or an S corp owner, you will learn what qualifies, what does not, and what documentation you will need so your records match what the IRS expects in 2025. You will also hear which other provisions may help or hurt your bottom line this year so you can plan with your accountant before deadlines hit. Key Takeaways:

In this episode of the Tax Smart REI Podcast, Thomas Castelli sits down with Hall CPA Advisory Manager Justin Shore to break down why bookkeeping isn't just busy work, it's the foundation of audit defense and financial success as a real estate investor. Tune in to learn: - Why sloppy bookkeeping can raise red flags and trigger IRS scrutiny - The key differences between Schedule E and Schedule C—and why they matter for your rentals - How proper categorization of expenses (like cleaning vs. repairs) can make or break your audit defense - Why bank statements aren't enough, and the documentation you must keep to substantiate deductions - The penalties and costs of poor records and how to avoid them - The line between bookkeepers and tax preparers, and what responsibilities truly fall on you To become a client, request a consultation from Hall CPA, PLLC at go.therealestatecpa.com/3KSEev6 Get your FREE ticket to the 2025 Tax, Legal, and Wealth Summit: www.taxandlegalsummit.com/registration Subscribe to REI Daily & Enter to Win a FREE Strategy Call: go.therealestatecpa.com/41JuQBX The Tax Smart Real Estate Investors podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests. Any mention of third-party vendors, products, or services does not constitute an endorsement or recommendation. You should conduct your own due diligence before engaging with any vendor.

Andrea MacDonald CPA and Andy Frye will break dwon how to report income for your Fix & Flip clients, and the key difference between Schedule E and Schedule C reporting. For more information about the episode visit us at prontotaxschool.com or email us to support@prontotaxschool.com

Can't qualify as a real estate pro? Short-term rentals might be your secret weapon.

The Trump administration is creating a new classification for non-career employees. President Donald Trump signed an executive order establishing Schedule G that would let agencies hire non-career employees who engage in policy-making or policy-advocating work. These employees would leave their position when the president's term is over. The EO says Schedule G will improve operations, particularly in agencies like the Department of Veterans Affairs, by streamlining appointments for key policy roles. Current authorities under Schedule C or the new Schedule Policy/Career do not provide for non-career appointments to policy-making or policy-advocating roles. The White House says this leaves a gap in federal hiring categories.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this Tax Tuesday episode, Barley Bowler, CPA, and Eliot Thomas, Esq., tackle a diverse range of tax questions covering business structures, real estate investments, and tax optimization strategies. They demonstrate significant tax savings by comparing Schedule C sole proprietorship versus S Corporation structures, showing how proper business formation can save approximately $6,000 annually on just $50,000 of income. The hosts address healthcare deductions for S Corporation owners, explain the complexities of the self-employed limited partner exception, and dive deep into capital gains calculations and 1031 exchanges. They also cover tax lien investments, charitable boat donations, and probate avoidance strategies. With practical examples and real calculations, this episode provides actionable advice for entrepreneurs and real estate investors looking to minimize their tax burden while staying compliant with IRS regulations. Submit your tax question to taxtuesday@andersonadvisors.com Highlights/Topics: "What is the best way to reduce my income and my self-employment taxes? I'm single, a handyman/contractor with no dependents. I work solo, no employees." - Form S Corporation, pay reasonable wage, save on employment taxes. "I have an S-Corp LLC for my property management and business consulting activities. I'd like to provide my me and my spouse's healthcare through the LLC. What's the best way to go about this?" - S Corporation pays premiums, adds to W2, deducts on Schedule 1. "Self-employed limited partner exception. Please talk about this topic." - Very risky strategy; IRS cracking down; use S-Corporation instead. "How can one start a business, LLC or C-corp, and an ideal state of incorporation and hold those shares in a Roth IRA?" - Cannot own an operating business in Roth IRA; consider ROBS instead. "What types of taxes and tax reporting will be involved if I begin investing in tax liens?" - Interest income or property ownership; depending on the redemption outcome. "What are the rules for capital gains taxes on the sale of a house when the profits are used to pay cash on the next property?" - Sales price minus adjusted basis equals gain; cash use is irrelevant. "I am taking my primary home and turning it into a rental for one to two years. How do taxes work if you wanted to 1031 a portion of the gains?" - Take Section 121 exclusion first, then 1031 the remaining gain. "Under a 1031, taxpayers must select three possible real estate properties within 45 days. Can these selected properties be changed before the 180-day deadline?" - No changes allowed after 45 days; very strict timeline rules. "I have a boat to donate to charity. Is it true that I can make a $5,000 donation without having a certified appraiser?" - Yes, under $5,000 needs written acknowledgment, not certified appraisal. "What are the ways we can avoid probate?" - Living trust, joint ownership, beneficiary designations, lifetime gifting strategies Resources: Schedule Your Free Consultation https://andersonadvisors.com/strategy-session/?utm_source=capital-gains-rules-when-you-sell-a-home-and-buy-another&utm_medium=podcast Tax and Asset Protection Events https://andersonadvisors.com/real-estate-asset-protection-workshop-training/?utm_source=capital-gains-rules-when-you-sell-a-home-and-buy-another&utm_medium=podcast Anderson Advisors https://andersonadvisors.com/ Toby Mathis YouTube https://www.youtube.com/@TobyMathis Toby Mathis TikTok https://www.tiktok.com/@tobymathisesq Clint Coons YouTube https://www.youtube.com/@ClintCoons  

Send us a textPaying your children through your business is a legitimate and powerful tax strategy that can save you thousands every year!• Reduce taxes by converting business income into deductible expenses with zero tax impact• Children earning under $15,000 (2025 standard deduction) pay no income tax and don't need to file returns• Sole proprietors (Schedule C) and farms (Schedule F) don't pay payroll taxes on wages to children• S-corporations must pay payroll taxes, but strategy remains beneficial for 22%+ tax bracketsThanks for listening! Please share this episode with fellow business owners to help them save on taxes too.Create a STAN Store - Click here to try it out!Here's where you can find us! Follow along on Instagram for lots of free content for business owners daily!Shop our business guides!Our Instagram PageOur family page

In stage 2, you were starting to think about small pockets of time that you could make random amounts of money because there isn't enough income to cover the expenses that you have reduced as much as possible. There may be something that has become more steady and you are making more than $600/year. This is a Schedule C on your taxes, where you submit a 1099 or claim the money earned. In 2009, I had 11 schedule C's that I eventually combined under one LLC.   Do You Like Chicken Cacciatore? I do! My mother-in-law gave me her recipe. I found I liked to bake it a little differently than her. I re-wrote her two sided index instructions, down to one side, the way I make it for my family.  I like that it's no longer stored in my brain. I just grab my instructions and make dinner, in fact anyone in my family could do the same. This is the same idea as an SOP (standard operating procedures) for your business. You should write down the process to complete the tasks for your job/household manager role. In the event there is someone new taking over one of your tasks, audit the steps to make sure it's accurate before you hand it off to the new person, child or spouse.  Passion Turned Side Hustle Now let's say I make it for my neighbors and they love it. Let's say they start to pay me to bake for them. I start making pretty good money each week cooking for them. I could also be baking my family the same meal at the same time. My invisible work I originally did for my family has become paid work that I now report to Uncle Sam through my taxes. It's important to track all of my expenses in making the meals like mileage to the grocery store, the grocery bill, portion of my gas bill for using my oven, and when I start to expand to other people the mileage for delivery. This information is added into the monthly P & L, which you can track in the Organize 365® Income & Expense Binder. If you aren't a good cook, you could babysit, clean homes, tutor, dog sit, Uber, Door Dash, bookkeeping, Fairy Godmother for a family, or direct sales **but make sure you are profitable. What do you have a passion for and you are good at? Will people pay you to do that? Be confident completing the job (that saves them time) and accept the money for a task you may do for your family for free. I suggest any side hustle you could charge at least $20/hr up to $60/hr or an amount per day like $100/day.  The Value of a Systems If unpaid work is not optimized, then you cannot add in paid work because paid work (side hustle like baking for your neighbors) will always supersede unpaid work (your personal house work and baking Chicken Cacciatore). The complete Home Organizational Bundle; Sunday Basket® for weekly checks and balance, The Paper Solution for information management, and The Productive Home Solution to set up your house to effectively serve your family for the phase of life you are in, and planning days to audit your systems. Good operating systems in place allow unexpected events to feel like speed bumps instead of falling off of a cliff. Now you are ready for stage 3. Your systems are in place, you are documenting your income and expenses, and you have freed capacity to focus on making your side hustle more profitable. Now you can bake Chicken Cacciatore for everyone! EPISODE RESOURCES: The Sunday Basket® The Paper Solution® The Productive Home Solution® Complete Home Organization Bundle Sign Up for the Organize 365® Newsletter  Did you enjoy this episode? Please leave a rating and review in your favorite podcast app. Share this episode with a friend and be sure to tag Organize 365® when you share on social media!

We have now hit 237 episodes of Tax Tuesday! Today, Anderson Advisors attorneys Toby Mathis, Esq., and Eliot Thomas, Esq., discuss topics including depreciation strategies, with detailed explanations of how bonus depreciation differs from cost segregation analysis. The conversation also covers real estate professional status requirements, home office deductions, and the strategic use of management C-corporations to maximize tax benefits. Other key topics included the limitations of 1031 exchanges for partnership interests, tax strategies for international property purchases, meal expense deductions under current tax law, and the benefits of a stepped-up basis for inherited properties. You'll hear practical strategies for leveraging existing properties rather than selling them and included insights on how to minimize tax exposure through various investment structures and borrowing strategies. Send your tax questions to taxtuesday@andersonadvisors.com. Highlights/Topics: In 2024, I spent most of my time managing rental properties under our LLC (not in a C or S management corp). I will claim real estate professional status for 2024 tax returns. What home office expenses can I deduct from rental income? Should we consider creating a management C corporation to maximize deductions? - You can deduct a portion of home expenses (mortgage interest, property taxes, utilities, etc.) based on either square footage or number of rooms method. Is 100% bonus depreciation available in 2025? Is this the same as cost seg? - Cost segregation breaks down property components into different depreciation schedules (5, 10, 15 years) while bonus depreciation allows immediate write-offs of qualifying components. If you meet 750 hours as a real estate investor and own both commercial/non-residential real estate property and residential rental property, could you use Schedule C or Schedule E on your tax return? - Generally, long-term rentals go on Schedule E regardless of real estate professional status. Schedule C might be used for short-term rentals (average stay less than 7 days) with significant personal services provided. Does selling a partnership interest in a hotel business qualify for a 1031 exchange? How can you save on taxes on capital gain when you sell your partnership interest? - A partnership interest generally doesn't qualify for 1031 exchange (though the partnership itself could exchange the building). If I inherit a property and now use the property as Airbnb, do I need to depreciate the value of the property? - You should depreciate the property because the IRS will assume you took depreciation when you sell and tax you accordingly (recapture). You'll get a stepped-up basis at inheritance value to depreciate from. Can you comment on food and meals? When can those be expensed and how much? -  Business meals are generally 50% deductible. Company-wide events like holiday parties or open houses with unrestricted attendance can be 100% deductible. Entertainment expenses are no longer deductible. I'm a full-time employee receiving W2 income and own two rental properties which I manage myself. Can I use the qualified business deduction (QBI)? - Yes, you can potentially qualify for the QBI deduction. The safe harbor rule requires 250 hours of rental services, but you may still qualify even without meeting this specific threshold if you can prove it's a trade or business. How can I avoid capital gains if I sell my rental home in the U.S. to purchase a multi-family home in Costa Rica? - Options include: living in the property for 2 of the last 5 years to qualify for primary residence exclusion, leveraging the U.S. property instead of selling, harvesting capital losses to offset gains, or investing in tax-advantaged opportunities to create offsetting losses. I have two rental properties in SoCal owned since 2009 using straight-line depreciation. If I 1031 exchange these properties into replacement properties of slightly higher value, can I start depreciation over and do it correctly? If I 1031 these properties into replacement properties of slightly higher value, does that mean I can start depreciation all over and do it correctly? Getting more tax benefit. How does this affect my basis? What about any recapture when I then sell later? - In a 1031 exchange, you'll have carryover basis from the relinquished property. The basis in the new property will be its purchase price minus deferred gain. Instead of selling, consider leveraging existing properties to buy additional real estate for more depreciation opportunities. What are the benefits of the step-up basis evaluation for a person's residence and investment property? - When inherited, properties receive a stepped-up basis to fair market value at death, allowing heirs to depreciate from the higher amount and potentially eliminate capital gains tax on appreciation that occurred during the deceased's lifetime. Resources: Schedule Your FREE Consultation https://andersonadvisors.com/strategy-session/?utm_source=bonus-depreciation-in-2025&utm_medium=podcast Tax and Asset Protection Events https://andersonadvisors.com/real-estate-asset-protection-workshop-training/?utm_source=bonus-depreciation-in-2025&utm_medium=podcast Anderson Advisors https://andersonadvisors.com/ Toby Mathis YouTube https://www.youtube.com/@TobyMathis  

In this episode of the Main Street Business Podcast, Mark J. Kohler and Mat Sorensen answer your top tax and legal questions. From choosing the right tax advisor (without overpaying for empty credentials) to navigating HSAs, S corp taxation, and solo 401(k) limitations—this episode is packed with practical strategies to keep your business and investments in top shape. Plus, they break down how their Crypto IRA can help you leverage cryptocurrency in your retirement portfolio.Here are some of the highlights:Mark discusses the importance of choosing a good tax advisor and the potential pitfalls of high fees without proper credentials.Mat clarifies the difference between an HSA account and an HSA-qualifying insurance plan, emphasizing that the account can be set up anywhere, including with Direct IRA.Mark and Mat cover the benefits of self-directing an HSA account, including the ability to invest in various assets like crypto, real estate, and private companies.Upcoming changes in 2025 regarding 1099-K forms for payment apps like Cash App and Venmo.A workaround involving picking up FICA wages on a Schedule C and ensuring proper documentation on the 1120-S form.The challenges of setting up an IRA LLC for buying crypto and recommends using the Crypto IRA product instead.The process of transferring funds from a retirement account to a Gemini account for buying and selling crypto.Mark and Mat encourage listeners to invest time in finding the right professional team for their business, including accountants and lawyers. Grab my FREE Ultimate Tax Strategy Guide HERE! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo to explore the Main Street Tax Pro Certification. You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360 Looking to connect with a rock star law firm? KKOS is only a click away! Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!

In this episode, we're diving into one of the scariest topics for small business owners: IRS audits. Are you wondering what could trigger an audit? Or how to protect yourself and your business? You're in the right place! We'll break down the number one audit trigger most people don't know about, share tips to avoid landing on the IRS's radar, and explain what happens if you do get audited. You'll also learn why Schedule C filers face higher risks and how making simple changes to your business setup can dramatically reduce your audit chances. Whether you're worried about that dreaded IRS letter or just want to stay ahead of the game, this episode is packed with tips to help you stay safe. Tune in for practical advice you can't afford to miss! Click play and get the knowledge you need to protect your small business today!   Next Steps:

I'm Sarina, and I'm a business nerd.Hi, my name is Sarina, and I'm a business nerd. I was born this way. I can't help it. I realize that not everyone gets excited about spreadsheets, but if you have any writerly income at all, I'm begging you to make 2025 the year you treat your writing as a business. There are actually two reasons to do this:* First of all it's centering. Treating your writing as a grownup activity helps you frame your goal-setting around writing. It holds you accountable to your goals* Secondly, and more practically, it makes tax time is so much easier, and it might save you moneyFirst, let's do a little primer on how writerly income affects your taxes. Unlike a job, which sends you a W2 in January, writers are technically self-employed. In fact, the first time someone pays you for a book or an article, you have just become an entrepreneur.So, congratulations on your promotion from artist to businessperson. Let's go over what that means for you. I must offer a disclaimer here: I'm not a tax professional and I'm not your tax professional, so please ask an accountant in your state if you have actionable questions.Most writers treat themselves as sole proprietors for tax purposes. That means you're doing business as yourself, and you haven't taken the additional step of forming a separate taxable entity. For the purposes of today's episode, let's assume that you're in this category.Depending on the dollar amount—and the professionalism of the people who paid you—a 1099 tax form may appear in your mailbox in January of next year. That 1099 will also be reported to the IRS, who will expect you to report it on your taxes. When done correctly, this income shows up on your schedule C.It's possible to deposit your writing income in your regular checking account, and many people do. But what if we assume that your writing business will continue to grow in volume and complexity? Then it's time to consider treating your writing as a business in 2025.The first way to do that is to open a second checking account. My tiny bank in New Hampshire offers this kind of account for free. Opening it was as easy as going into the branch and explaining that I wanted an account for my sole proprietorship. This is the where you'll deposit any earnings you make as a writer.The second useful account is an extra credit card that only gets used for business purposes. If you have any expenses during the writing year, they all belong on this card. Such as:* Substacks you pay for to help further your writing career. (See what I did there?)* Websites you join to assist in your work* Transportation to writing-related conferences and research* Printed materials you purchase for research* Stock photography* Your Canva subscription, etcEvery one of these things is a business expense. Any money you spend in service to your writing career is deductible from the income you made from your writing. When you're just getting started, the legitimate expenses might well exceed your income. This all gets netted out on Schedule C of your 1040.If you have this setup, you won't have to scramble to figure out your business income and deductions at tax time. Your writing bank and credit card statements will tell the whole story.Furthermore, if you're self-published, the business bank account provides an added layer of security. In my publishing business, I have had to provide my banking details to countless publishing platforms. I like knowing that my banking information is separated from my family's money.This is also true of your social security number. There's a fix for this, though. To avoid sharing your social security number with publishers and publishing platforms, all you have to do is request an EIN, or employer identification number from the IRS. It's simple, it takes only minutes, and I'll put the link in the show notes.And there you have it. Your homework assignments are ready—you're opening a couple of accounts and requesting an EIN from the IRS. It's not the sexiest part of your writer journey, but don't let that stop you.Until next week, writers, keep your butt in the chair and your head in the game.Links!Your EIN can be attained here: https://sa.www4.irs.gov/modiein/individual/index.jsp This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit amwriting.substack.com/subscribe

Thanks to our partners, NAPA TRACS and PromotiveWelcome to this week's episode of Business by the Numbers with Hunt Demarest, CPA. Today, we're taking a deep dive into how certain actions or oversights could put you at risk for an IRS audit. By understanding these triggers, you can better safeguard your financial health and avoid unnecessary complications.Learn about common mistakes like underreporting income and how they can put you on the IRS's radar.Discover how gambling winnings and losses can attract scrutiny.Explore why industries like art, wine, and horses often face extra attention from the IRS.Understand why amending a Schedule C return can almost guarantee an audit.Tips to avoid an audit, such as maintaining accurate documentation and working with knowledgeable tax professionals.Stay informed to protect your business and personal finances from unnecessary IRS scrutiny.Thanks to our partner, NAPA TRACS Did you know that NAPA TRACS has onsite training plus six days a week support?It all starts when a local representative meets with you to learn about your business and how you run it. After all, it's your shop, so it's your choice.Let us prove to you that Tracs is the single best shop management system in the business. Find NAPA TRACS on the Web at NAPATRACS.comThanks to our partner, PromotiveIt's time to hire a superstar for your business; what a grind you have in front of you. Introducing Promotive, a full-service staffing solution for your shop. Promotive has over 40 years of recruiting and automotive experience. If you need qualified technicians and service advisors and want to offload the heavy lifting, visit www.gopromotive.com.Paar Melis and Associates – Accountants Specializing in Automotive RepairVisit us Online: www.paarmelis.comEmail Hunt: podcast@paarmelis.comDownload a Copy of My Books Here:Wrenches to Write-OffsYour Perfect Shop The Aftermarket Radio Network: https://aftermarketradionetwork.com/Remarkable Results Radio Podcast with Carm Capriotto https://remarkableresults.biz/Diagnosing the Aftermarket A to Z with Matt Fanslow https://mattfanslow.captivate.fm/Business by the Numbers with Hunt Demarest https://huntdemarest.captivate.fm/The Auto Repair Marketing Podcast with Kim...

In this episode of the Main Street Business Podcast, Mark J. Kohler and Mat Sorensen share powerful insights on why converting your LLC to an S corporation is a game-changer for tax savings. They discuss the crucial tax advantages, the importance of structuring income properly, and walk you through the filing process. Find out how you could potentially save $7,000 or more with this strategic business move.Here are some of the highlights:Mark emphasizes how LLCs do not save taxes and explains the process of turning an LLC into an S corp.Discussion on the difference in tax rates between LLCs and S corps, with S corps allowing for lower self-employment tax.Mat and Mark cover the importance of allocating income to FICA wages and the potential savings.Mark outlines the three-step process for making a late S corporation election, including filling out form 2553 and referencing revenue procedure 2013-30.Mark explains the workaround for the first year, including claiming compensation on both the 1120s and Schedule C.The benefits of the S corporation strategy for business owners and the potential annual savings.Need for proper health insurance premium write-offs and the overall benefits of the S corporation strategy.Why S Corps should avoid taking the Qualified Business Income (QBI) deduction when filing taxes. Grab my FREE Ultimate Tax Strategy Guide HERE! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo to explore the Main Street Tax Pro Certification. You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360 Looking to connect with a rock star law firm? KKOS is only a click away! Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!