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What Expenses Can You Include This Form

What Expenses Can You Include This Form

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hey there youtube so i wanted to do a quick video on what kind of expenses are tax deductible when you have an llc um so i wanted to make this video because i saw another video where somebody was giving people really really bad advice and saying oh if you want to deduct certain expenses that might otherwise be personal just open an llc run all the expenses through there and that's how you can get tax deductions for personal expenditures uh horrible advice that's called tax fraud the rules around deducting expenses apply to all taxpayers right so whether you have an llc that's taxed as a partnership or an s corp or you have a separate c corporation or you're just an individual and you don't even have a business entity you're just a sole proprietor the tax rules around what's deductible applies to everybody okay within certain within certain exceptions but for the most part it's a standard set of rules for for all taxpayers

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