CPA ranks tax strategies on tier listfrom @tylermcbroom

Transcript

Tax fraud tier list. Alright. Let's go. Tax fraud. Yes is fraud maxing in the rankings. Renting home to your business. Renting home to your business. That's that's d tier. That's a legitimate thing to do. Augusta rule, rent your house out to your business. You gotta do it for business, but that's d tier. Right off better. Well, put that up to b tier because there are pieces of it, like the food and drinks that you can have, the fuel if you're having a legitimate piece of of time on the on the better, but the actual boat itself, not not a write off. Meals by worse. Meals by yourself, that is a tier. In almost every case, that's not a write off unless you're traveling overnight out of your business area, and then you can eat by yourself. Paying your four year good. Paying your four year old c tier. Now your four year old isn't gonna sit on your board. They're not gonna, you know, do your accounting. But... And this is in certain cases of business. If it makes sense to hire them as models to help with your business and your personal brand, there are business cases where that can be the case. It's not always, but it's an option to look into. Accelerated depreciation. Accelerated appreciation, that's gonna be d tier, fully legitimate as long as you actually use the thing for business. Logo embroidered suit. A tier. And that's assuming the logo is embroidered on the inside of the breast pocket. I think that's getting too cute. Yes. If you have, you know, low... Your logo on a normal shirt, that's normal swag. Having your logo stitched on the inside of your pocket is not really an ordinary and necessary business expense to me.