1 00:00:00,080 --> 00:00:02,320 Speaker 1: Please listen to what I'm about to say. It's the 2 00:00:02,400 --> 00:00:04,960 Speaker 1: Jewble Show. It could save you thousands of dollars in 3 00:00:05,000 --> 00:00:08,160 Speaker 1: potential prison time. Oh yes, and if you're listening to 4 00:00:08,160 --> 00:00:10,720 Speaker 1: my voice right now, two things, you're welcome. 5 00:00:11,160 --> 00:00:11,680 Speaker 2: Wow. 6 00:00:12,039 --> 00:00:15,480 Speaker 1: Also, there's an alarming trend on social media right now 7 00:00:15,680 --> 00:00:18,280 Speaker 1: that could literally wreck you financially and you could end 8 00:00:18,320 --> 00:00:20,759 Speaker 1: up in jail. Oh no, and no, it's not the 9 00:00:21,040 --> 00:00:23,400 Speaker 1: Let's rop a bank challenge, which is probably a thing. 10 00:00:24,239 --> 00:00:27,440 Speaker 1: It's actually something you might believe or try. And because 11 00:00:27,440 --> 00:00:32,760 Speaker 1: we care about you, yeah, like a lot'll tell you 12 00:00:32,760 --> 00:00:34,280 Speaker 1: what it is next so you don't have to worry 13 00:00:34,280 --> 00:00:36,319 Speaker 1: about the next intimacy you have with your loved one 14 00:00:36,360 --> 00:00:39,440 Speaker 1: being your body's pressed against a pain of bullet proof 15 00:00:39,479 --> 00:00:42,160 Speaker 1: class in a grody little phone booth while prison. 16 00:00:41,880 --> 00:00:45,919 Speaker 3: Guards watching their prying eyes. Nobody wants that that's how 17 00:00:45,920 --> 00:00:48,760 Speaker 3: you really scare them. Actually, it might have sounded good 18 00:00:48,760 --> 00:00:49,479 Speaker 3: to some people. I don't know. 19 00:00:49,560 --> 00:00:51,839 Speaker 1: But anyway, we'll tell you what it is next so 20 00:00:51,880 --> 00:00:54,480 Speaker 1: you don't fall victim to this scam. It's the Jewble Show. 21 00:00:54,640 --> 00:00:58,000 Speaker 1: Stop everything. You might be about to make a huge mistake, 22 00:00:58,400 --> 00:01:00,720 Speaker 1: a mistake that could lead to the gun seizing all 23 00:01:00,760 --> 00:01:02,560 Speaker 1: of your assets and then being carted off to a 24 00:01:02,560 --> 00:01:03,280 Speaker 1: federal prison. 25 00:01:04,400 --> 00:01:05,319 Speaker 3: It's a jewble show. 26 00:01:05,520 --> 00:01:08,759 Speaker 1: Also, just so you know, I'm performing in Olympia this Saturday. 27 00:01:08,760 --> 00:01:10,440 Speaker 1: You can get tickets to my show if you go 28 00:01:10,440 --> 00:01:13,800 Speaker 1: to the jubilshow dot com and click on stand up comedy. Yeah, 29 00:01:13,840 --> 00:01:15,560 Speaker 1: but that's not the thing that can land you in 30 00:01:15,560 --> 00:01:16,919 Speaker 1: prison unless you get too drunk. 31 00:01:19,040 --> 00:01:21,360 Speaker 3: I mean, hey, never know anything happens at a Jubil show. 32 00:01:21,600 --> 00:01:23,639 Speaker 1: And to some people, being carted off to a federal 33 00:01:23,680 --> 00:01:25,520 Speaker 1: prison and having all of their assets season might be 34 00:01:25,520 --> 00:01:28,479 Speaker 1: a great time, but trust me, most people think it isn't. 35 00:01:28,480 --> 00:01:32,280 Speaker 1: And there's an alarming trend on TikTok right now where unfortunately, 36 00:01:32,480 --> 00:01:34,760 Speaker 1: we get all of our advice from right and it's 37 00:01:34,840 --> 00:01:37,120 Speaker 1: tax season if you weren't aware, So there are tons 38 00:01:37,160 --> 00:01:41,920 Speaker 1: of influencers sharing their TikTok tax hacks and most of 39 00:01:41,959 --> 00:01:45,800 Speaker 1: them are definitely terrible advice and things you should ignore. 40 00:01:46,240 --> 00:01:49,600 Speaker 1: So let's go over the TikTok tax hacks that you 41 00:01:49,600 --> 00:01:56,800 Speaker 1: should definitely ignore right now. Okay, hiring your kids excuse me, yes, 42 00:01:56,920 --> 00:01:59,080 Speaker 1: that's a tax has influencer saying you can hire your 43 00:01:59,160 --> 00:02:02,400 Speaker 1: kids to save money. According to some videos, business owners 44 00:02:02,440 --> 00:02:05,200 Speaker 1: should hire and pay their employees so the child can 45 00:02:05,240 --> 00:02:09,720 Speaker 1: contribute to a rough ira with their earned income. One 46 00:02:09,760 --> 00:02:12,520 Speaker 1: dude even wrote his newborn a ten thousand dollars check, 47 00:02:12,760 --> 00:02:15,200 Speaker 1: saying that it's it will work, and it's a good 48 00:02:15,240 --> 00:02:18,400 Speaker 1: tax hack. And people are believing these people on TikTok. 49 00:02:18,080 --> 00:02:20,040 Speaker 3: Which is rain I would have believed that. 50 00:02:20,080 --> 00:02:21,920 Speaker 2: I feel like I've heard this before and people have 51 00:02:22,000 --> 00:02:24,360 Speaker 2: actually done it, especially like if your kid is an 52 00:02:24,400 --> 00:02:25,560 Speaker 2: influencer or something. 53 00:02:25,919 --> 00:02:26,119 Speaker 3: Whew. 54 00:02:26,280 --> 00:02:28,440 Speaker 2: Some people make those accounts for their kids or their 55 00:02:28,440 --> 00:02:32,240 Speaker 2: dogs or whatever. So technically, but that doesn't mean that 56 00:02:32,320 --> 00:02:34,560 Speaker 2: just anybody can do that and be like, oh, maybe 57 00:02:34,639 --> 00:02:36,200 Speaker 2: you cried today, good work. 58 00:02:37,520 --> 00:02:40,519 Speaker 1: Speaking of hiring your dog, Nina, that's another tip that's 59 00:02:40,560 --> 00:02:43,639 Speaker 1: been shared on TikTok that's gone viral and people are like, oh, that's. 60 00:02:43,520 --> 00:02:44,760 Speaker 3: A great idea. 61 00:02:45,000 --> 00:02:47,480 Speaker 1: Hiring your dog is not a good way to get 62 00:02:47,480 --> 00:02:48,880 Speaker 1: out of paying extra taxes. 63 00:02:49,040 --> 00:02:50,920 Speaker 2: You can just imagine how these videos go. Thanks for 64 00:02:50,960 --> 00:02:53,280 Speaker 2: being on my sho I'll ride up your dog, thank 65 00:02:53,320 --> 00:02:53,720 Speaker 2: me later. 66 00:02:53,840 --> 00:02:57,639 Speaker 1: Thank you for following me along in my tax journey. 67 00:02:58,680 --> 00:03:00,960 Speaker 3: Why would I like that video that some do taxes 68 00:03:01,000 --> 00:03:02,639 Speaker 3: with me? I'm hiring my Dog Today. 69 00:03:03,240 --> 00:03:05,920 Speaker 1: Videos like this one claim you can write off your 70 00:03:05,919 --> 00:03:08,120 Speaker 1: pet as a guard dog who protects your business. 71 00:03:09,080 --> 00:03:11,000 Speaker 3: Now you can't. What if I do if my cat 72 00:03:11,080 --> 00:03:11,839 Speaker 3: you protects my home. 73 00:03:12,840 --> 00:03:14,880 Speaker 1: I don't think you can get away with that Victoria. No. 74 00:03:16,160 --> 00:03:18,079 Speaker 1: They say it's true that if a dog is trained 75 00:03:18,120 --> 00:03:21,120 Speaker 1: and the right breed for the job, guard dog spinses 76 00:03:21,160 --> 00:03:23,520 Speaker 1: are deductible, But the I R S doesn't let you 77 00:03:23,560 --> 00:03:26,399 Speaker 1: deduct your Corgie for barking at the door every once 78 00:03:26,440 --> 00:03:26,880 Speaker 1: in a while. 79 00:03:29,720 --> 00:03:33,360 Speaker 3: It's god, it'll pee on you. 80 00:03:34,080 --> 00:03:37,200 Speaker 1: They're going over a trend of TikTok tax hacks that 81 00:03:37,240 --> 00:03:37,960 Speaker 1: you should ignore. 82 00:03:38,040 --> 00:03:38,720 Speaker 3: There's a lot of people. 83 00:03:38,880 --> 00:03:41,600 Speaker 1: We get all our advice from TikTok, obviously, and there's 84 00:03:41,640 --> 00:03:43,720 Speaker 1: a lot of tax hacks out there that you definitely 85 00:03:43,760 --> 00:03:46,160 Speaker 1: should not do because they would get you in tax trouble. 86 00:03:46,680 --> 00:03:49,280 Speaker 1: People are also believing this one write off your Range 87 00:03:49,360 --> 00:03:52,960 Speaker 1: Rover or other luxury vehicle if you have one. There's 88 00:03:53,000 --> 00:03:56,440 Speaker 1: a viral claim about a tax loophole that lets people 89 00:03:56,480 --> 00:03:59,240 Speaker 1: write off the cost of a luxury vehicle on their taxes. 90 00:04:00,000 --> 00:04:02,640 Speaker 1: I've seen people do this, but it's because they certain 91 00:04:02,640 --> 00:04:03,680 Speaker 1: types of cars. 92 00:04:03,840 --> 00:04:05,840 Speaker 3: They can say they're for their business. But I mean 93 00:04:05,880 --> 00:04:09,640 Speaker 3: it's influencers and so their businesses themselves, right, and so 94 00:04:09,680 --> 00:04:10,720 Speaker 3: it gets them from place to place. 95 00:04:10,800 --> 00:04:12,880 Speaker 1: It's not as simple as just having a nice car though, 96 00:04:12,880 --> 00:04:15,640 Speaker 1: according to the IRS Section one seventy nine tax Code. 97 00:04:15,760 --> 00:04:16,599 Speaker 3: Oh so smart. 98 00:04:17,760 --> 00:04:19,400 Speaker 1: I'm not smart at all that. It's just in the 99 00:04:19,520 --> 00:04:22,839 Speaker 1: article that we got. Businesses can write off a vehicle 100 00:04:22,880 --> 00:04:25,839 Speaker 1: that's used for business purposes at least half of the time, 101 00:04:26,200 --> 00:04:27,800 Speaker 1: but it doesn't allow them to duct to the full 102 00:04:27,839 --> 00:04:31,080 Speaker 1: cost of the vehicle the year it's put in a service, 103 00:04:31,400 --> 00:04:34,359 Speaker 1: and there are strict limits due to the deductible on 104 00:04:34,480 --> 00:04:37,640 Speaker 1: luxury vehicles. So it's like they pay attention to Oh 105 00:04:37,640 --> 00:04:39,719 Speaker 1: it's a Mercedes, is it really for business? 106 00:04:39,920 --> 00:04:42,960 Speaker 2: Yeah, well I could see maybe, like if you were 107 00:04:43,000 --> 00:04:46,760 Speaker 2: a driver, like if you were an expensive driver, uber driver. 108 00:04:46,760 --> 00:04:49,000 Speaker 3: Or something, then maybe you write it off that way. 109 00:04:49,240 --> 00:04:51,120 Speaker 2: But they've been giving people a hard time for even 110 00:04:51,160 --> 00:04:54,280 Speaker 2: writing off your like miles for how far you drive 111 00:04:54,360 --> 00:04:55,960 Speaker 2: for work, Like you can't even do that anymore. 112 00:04:56,000 --> 00:04:57,640 Speaker 3: I think, I don't know it used to be able 113 00:04:57,640 --> 00:04:58,000 Speaker 3: to do that. 114 00:04:58,160 --> 00:05:03,560 Speaker 1: Yeah, over TikTok tax hacks that you should definitely ignore, 115 00:05:04,120 --> 00:05:06,520 Speaker 1: Like most advice on TikTok. Do some research before you 116 00:05:06,560 --> 00:05:09,120 Speaker 1: just go oh yeah, oh great, I'll do that forming 117 00:05:09,160 --> 00:05:12,719 Speaker 1: an LLC to deduct personal expenses aka turning your hobby 118 00:05:12,720 --> 00:05:13,479 Speaker 1: into a business. 119 00:05:13,760 --> 00:05:15,280 Speaker 2: Actually a lot of people do this, but I don't 120 00:05:15,320 --> 00:05:17,440 Speaker 2: think you should do that. Somebody want me to do 121 00:05:17,480 --> 00:05:17,839 Speaker 2: it before. 122 00:05:19,000 --> 00:05:22,360 Speaker 1: You can have an LLC and write things off through 123 00:05:22,400 --> 00:05:25,800 Speaker 1: it if it's a legitimate business. But some videos are 124 00:05:25,800 --> 00:05:27,680 Speaker 1: going viral that claim you can just set up an 125 00:05:27,960 --> 00:05:30,680 Speaker 1: LLC and you can deduct personal expenses like your mortgage, 126 00:05:30,880 --> 00:05:34,920 Speaker 1: car payments, grocery bills, and business expenses to lower your taxes. 127 00:05:35,200 --> 00:05:37,240 Speaker 1: One guy said that if you just say your hobby 128 00:05:37,320 --> 00:05:39,960 Speaker 1: is a business like playing video games, you can deduct 129 00:05:40,000 --> 00:05:41,560 Speaker 1: everything related to it. 130 00:05:41,720 --> 00:05:42,680 Speaker 3: Suddenly thousands of. 131 00:05:42,680 --> 00:05:46,520 Speaker 1: People are trying to make their Netflix Netflix Chance me 132 00:05:46,680 --> 00:05:48,039 Speaker 1: a media review company. 133 00:05:48,200 --> 00:05:49,760 Speaker 2: I mean, if you think about it, like some people 134 00:05:49,760 --> 00:05:53,800 Speaker 2: would stream for a living, so in tankly they could tax. 135 00:05:53,520 --> 00:05:54,000 Speaker 3: That, right. 136 00:05:54,160 --> 00:05:56,480 Speaker 2: I think I've tried to do that before because we 137 00:05:56,560 --> 00:05:59,120 Speaker 2: work in media, so that's the more we have to 138 00:05:59,120 --> 00:06:01,200 Speaker 2: talk about. So I've tried to write off my different 139 00:06:01,240 --> 00:06:02,559 Speaker 2: streaming accounts and stuff. 140 00:06:03,080 --> 00:06:04,320 Speaker 3: Then I kind of got laughed out. They're like, you 141 00:06:04,360 --> 00:06:05,000 Speaker 3: can really do that? 142 00:06:05,240 --> 00:06:07,200 Speaker 2: Like that. Yeah, but we can do like your cell 143 00:06:07,240 --> 00:06:09,760 Speaker 2: phone or like your you know, your computer stuff. 144 00:06:09,800 --> 00:06:12,560 Speaker 1: But and LC is only good if the LLC is 145 00:06:12,600 --> 00:06:15,919 Speaker 1: making money because oh, what you do and I know 146 00:06:15,960 --> 00:06:17,960 Speaker 1: this because I have one. What you do is you 147 00:06:18,000 --> 00:06:21,400 Speaker 1: pay yourself a salary out of the LLC if you 148 00:06:21,440 --> 00:06:23,800 Speaker 1: make money. If you make money, yeah, and there are 149 00:06:23,839 --> 00:06:25,880 Speaker 1: ways to have the money that you make from your 150 00:06:25,920 --> 00:06:28,600 Speaker 1: job go into the LLC, so you can pay yourself 151 00:06:28,600 --> 00:06:30,880 Speaker 1: out of the LLC and then it's you get some 152 00:06:30,960 --> 00:06:32,720 Speaker 1: tax breaks on it. But it's not even that big 153 00:06:32,720 --> 00:06:34,080 Speaker 1: of a break, you know, but it's just like a 154 00:06:34,120 --> 00:06:34,600 Speaker 1: little break. 155 00:06:34,640 --> 00:06:35,560 Speaker 3: But you can't just go. 156 00:06:35,760 --> 00:06:38,720 Speaker 1: Everything I did today is free because I'm putting it 157 00:06:38,760 --> 00:06:39,440 Speaker 1: through my LLC. 158 00:06:39,920 --> 00:06:42,040 Speaker 2: Briddy didn't tell me that part. So this is what's 159 00:06:42,040 --> 00:06:44,159 Speaker 2: happening on TikTok. You have a limited amount of time 160 00:06:44,200 --> 00:06:47,159 Speaker 2: to capture somebody's attention. There's this much truth to what 161 00:06:47,200 --> 00:06:49,039 Speaker 2: they're trying to tell you, but they can only fit 162 00:06:49,120 --> 00:06:49,360 Speaker 2: it in. 163 00:06:49,520 --> 00:06:51,200 Speaker 3: So many works. They got me. 164 00:06:51,560 --> 00:06:54,599 Speaker 1: Also another TikTok tax hec that you should ignore that 165 00:06:54,640 --> 00:06:59,120 Speaker 1: people are believing become a fake church. Wow to avoid taxes, 166 00:06:59,440 --> 00:07:01,719 Speaker 1: someone say, just start your own church with a few 167 00:07:01,720 --> 00:07:03,840 Speaker 1: friends and register it as a nonprofit and you'll pay 168 00:07:03,920 --> 00:07:04,680 Speaker 1: zero taxes. 169 00:07:05,160 --> 00:07:07,960 Speaker 3: WHOA, that sounds like a lot of work. Tell me, 170 00:07:08,120 --> 00:07:08,920 Speaker 3: just pay the taxes. 171 00:07:09,000 --> 00:07:10,880 Speaker 1: Let me tell you I just started a church, the 172 00:07:10,880 --> 00:07:14,720 Speaker 1: Holy Order of Brunch, and we're writing off all of 173 00:07:14,720 --> 00:07:15,679 Speaker 1: our mimosas today. 174 00:07:15,680 --> 00:07:19,680 Speaker 2: It's great, it's actually believable until you call it the 175 00:07:19,680 --> 00:07:20,800 Speaker 2: Holy Order of Brunch.