@naderaccountancy: Can you deduct Rolexes, luxury watches, or designer clothes just because you post content online? In this video I break down the tax claims people keep making about YouTube channels, watch flipping, social media influencers, business write offs, IRC 162, inventory, and what actually counts as a real business expense. Talking about watches on YouTube does not automatically make every Rolex a tax deduction. Same with influencers trying to write off luxury clothing, designer outfits, or personal items. There is a huge difference between inventory, ordinary business expenses, and personal expenses. If you are into tax, business, entrepreneurship, YouTube, watch reselling, luxury watches, Rolex, influencer taxes, business deductions, tax write offs, LLCs, and creator economy topics, this one is for you. #tax #finance #business

Horizon Z :

Can you write off your taxes if you speak about taxes on social media?

Bayarea Tech :

I want to see a tax debate between you and Carlton

apotharytest :

Can I write off my brain cell depreciation 😭😭

AmorphoTitanum :

Doesn’t this also fall is the same reason you can’t write of clothing as a tax write off. If you could use it for personal use it’s not a write off.

Bigbody0427 :

Yea but what if I really want a Rolex? Then can I write it off?

harry.r (2) :

I am actually so grateful that you make these videos both becuase they are funny asf 😂 and because they are really helpful

💰🦅 :

Why do people write m off

Finest Fragrances :

I love your videos bro, can I gift you a cologne? (Tax write-off)

tax_crimes_exposed | CPA :

Karlton is the second coming of Einstein 😅

Max :

LOL … my man said inventory and then said it’s an expense?? Dude the whole point of inventory is that it is not an expense

isabella :

does he know that inventory means the product is on sale/will be on sale? 🤣🤣

Mason :

Tagged you in a post you should react to

Hasibtheaccountant :

Tax 🐐

AceM00732 :

I knew this tax advise was moot when they didnt even mention at what point I open an LLC

corgems :

You can only expense inventory after you earn revenue (COGS) related to that inventory or if it is written off due to obsolescence/damage, and the IRS will expect proof.

sidar :

love your videos

YolkFPS :

Did you check section 315, seems you’re wrong.

Crevalle :

Jason :

honest question as a REALTOR had a few bad years where I consistently lost money, as a 1099 employee am I at risk of my career being labeled a hobby ?

sora :

Funniest account on this app😭

harrywayne.bm :

can you make videos of what is acceptable if you are a social media influencer or even a content creator. and when is it appropriate to ipen a llc and what are things that can be written off for said llc?

TheGreasyCPA :

inventory isn't written off until sold as cost of goods sold so saying "it's available for sale" but never selling them still doesn't result in any tax deduction lol