The Real Tax Guy.

Videos Live Sessions Work With The Real Tax Guy Log in

The Real Tax Guy.

Real tax strategies, plain English, no suits. Free videos and live sessions from TJ Thorlackson.

Explore

Videos
Live Sessions
Podcasts
My Account
Work with TJ →

Get the good stuff first

New videos, live sessions, and tax tips. No spam, no suits.

© 2026 The Real Tax Guy · Operated by THORLACKSSON, INC

Built by HummingAgent

Video library

All Shorts Podcasts Education Real Stories

TopicsCrypto Deductions Family Irs Llc & S Corp Payroll Personal Taxes Real Estate Retirement Side Hustle Small Business Tax Strategy

Business meal deductions are simpler than you think

shorts

Business meal deductions are simpler than you think

If a meal is for business, it's deductible—no special rules about clients or business hours, just keep it proportionate.

5 views👍 0

How buying an airplane can eliminate your tax bill

shorts

How buying an airplane can eliminate your tax bill

High-profit business owners can get a 100% deduction on airplane purchases to offset taxable income.

4 views👍 0

Most small business owners don't understand deductions

shorts

Most small business owners don't understand deductions

Tax advice on YouTube is often misleading; the IRS publishes everything you need on their website.

5 views👍 0

What triggers the IRS to look at your return

shorts

What triggers the IRS to look at your return

Losses that don't match your income or expenses that seem way off can prompt a human review.

4 views👍 0

How to maximize your business travel deductions

shorts

How to maximize your business travel deductions

Upgrade flights, cars, and meals for bigger write-offs, but groceries don't count and entertainment needs a business guest.

4 views👍 0

Why W-2 employees struggle to build wealth vs self-employed

shorts

Why W-2 employees struggle to build wealth vs self-employed

Compares the wealth-building challenges faced by W-2 employees versus self-employed individuals.

7 views👍 0

Mileage vs actual vehicle deduction explained

shorts

Mileage vs actual vehicle deduction explained

You must choose mileage or actual costs, and mileage already includes depreciation so you can't claim both.

5 views👍 0

There's no minimum income to file a business tax return

shorts

There's no minimum income to file a business tax return

You must file a business return even if you made just one dollar; the IRS can audit your bank statements.

4 views👍 0

How to get the most deductions legally

shorts

How to get the most deductions legally

Tell the truth and write off what you actually use—phone, internet, meals, and mileage that match your real business activity.

5 views👍 0

When the IRS says your business is actually a hobby

shorts

When the IRS says your business is actually a hobby

If your business loses money for years, the IRS may reclassify it as a hobby and disallow your losses.

6 views👍 0

Why running a cash-only business is risky

shorts

Why running a cash-only business is risky

Using cash to hide income is tax fraud, and auditors will notice when no bills are paid through a bank.

6 views👍 0

What actually triggers an IRS audit

shorts

What actually triggers an IRS audit

The IRS uses computers to flag returns with numbers that don't make sense, like losses bigger than your income.

6 views👍 0

Why business owners build wealth faster than W2 employees

shorts

Why business owners build wealth faster than W2 employees

Businesses deduct expenses before taxes while W2 workers pay taxes on their full income first.

8 views👍 0

Hand models can deduct manicures as a business expense

shorts

Hand models can deduct manicures as a business expense

A hand model's manicures are a legitimate business expense since maintaining her hands is required for her career.

5 views👍 0

What you can write off for a business cruise conference

shorts

What you can write off for a business cruise conference

Quick overview of tax deductions available when attending a business conference on a cruise ship.

5 views👍 0

How to turn gift cards into business deductions

shorts

How to turn gift cards into business deductions

Gift cards can become deductible business expenses if you use them for legitimate business meals and follow the rules for your entity type.

8 views👍 0

How deductions put real money in your pocket

shorts

How deductions put real money in your pocket

Business deductions like mileage reimbursement and meals let you move money from your company to yourself tax-free.

6 views👍 0

How important is tracking mileage for your business

shorts

How important is tracking mileage for your business

Consistent mileage tracking matters when you regularly drive for business supplies and errands.

6 views👍 0

Business travel expenses are fully deductible

shorts

Business travel expenses are fully deductible

Track all travel costs including first class flights, hotels, rental cars, and mileage — they all reduce your taxable income.

5 views👍 0

You can't write off missed appointments as lost income

shorts

You can't write off missed appointments as lost income

You can only deduct money you actually made and lost, not income you never received from no-shows.

5 views👍 0

How business deductions help you keep more money

shorts

How business deductions help you keep more money

Turn everyday expenses into tax-free benefits through a business, then only pay tax on the remaining profit.

5 views👍 0

The ribeye effect explains why business deductions save money

shorts

The ribeye effect explains why business deductions save money

Business owners can deduct expenses, effectively paying half price compared to W2 employees who pay with after-tax dollars.

5 views👍 0

Three business deductions most people miss

shorts

Three business deductions most people miss

Meals, mileage, and phone or internet are commonly overlooked deductions for small business owners.

5 views👍 0

Year-end business expenses need to happen before December 31st

shorts

Year-end business expenses need to happen before December 31st

Review your profit and loss, then make necessary purchases before year-end to deduct them on this year's taxes.

4 views👍 0

← Previous1…131415161718Next →

415 videos in this filter