Reimagine your business banking experience with Novo: https://novo.pxf.io/5gvo4o Today we are talking to @karltondennis - he is a tax strategist, who helped over 10,000 clients legally save on their taxes. Links: 📌 My Companies & Products: https://marinamogilko.ru/collabyt 📹 Video brainstorming, research, and project planning - all in one place - https://partner.spotterstudio.com/ideas-with-marina 💻 Resources that helps my team and me grow the business: - Email & SMS Marketing Automation - https://your.omnisend.com/marina - AI app to work with docs and PFDs - https://www.chatpdf.com/?via=marina 📱Develop your YouTube with AI apps: - AI tool to edit videos in a minutes - https://get.descript.com/fa2pjk0ylj0d - Boost your view and subscribers on YouTube - https://vidiq.com/marina - #1 AI video clipping tool - https://www.opus.pro/?via=7925d2 🛍 My Must-Haves: - From Video Gear to Supplements & Kids Books - https://www.amazon.com/shop/linguamarina - Shop my outfits and beauty favorites - https://shopmy.us/marinamogilko 💰 Investment Apps: - Top credit cards for free flights, hotels, and cash-back - https://www.cardonomics.com/i/marina - Intuitive platform for stocks, options, and ETFs - https://a.webull.com/Tfjov8wp37ijU849f8 ⭐️ Download my English language workbook - https://bit.ly/3hH7xFm In this video: 00:00 - Meet Karlton Dennis - the best tax professional 01:44 - Why the IRS called Karlton out 03:40 - What are the chances of being audited if you're a creator 05:53 - The best tax strategies for real estate owners 10:30 - Does it make sense to buy a short term rental in 2024? 12:41 - What vehicles can you write off? 17:18 - When can you start taking business deductions for your business? 19:37 - Can you hire contractors from outside the US? 22:27 - Can you have your children working with you? 24:58 - Can you write off your Rolex? 29:13 - Can you write off your travel expenses or home office rent? 31:01 - Major red flags for IRS auditors 32:13 - Does Karlton pay taxes? This video is not intended as tax advice, it's just for you to suggest strategies to your CPA and see if they can be applied to your particular case. Please consult with your tax professional before implementation. This video is sponsored by Novo. I use affiliate links whenever possible (if you purchase items listed above using my affiliate links, I will get a bonus) #siliconvalleygirl #marinamogilko #karltondennis

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