Speaker 1: Please listen to what I'm about to say. It's the
Speaker 1: Jewble Show. It could save you thousands of dollars in
Speaker 1: potential prison time. Oh yes, and if you're listening to
Speaker 1: my voice right now, two things, you're welcome.
Speaker 2: Wow.
Speaker 1: Also, there's an alarming trend on social media right now
Speaker 1: that could literally wreck you financially and you could end
Speaker 1: up in jail. Oh no, and no, it's not the
Speaker 1: Let's rop a bank challenge, which is probably a thing.
Speaker 1: It's actually something you might believe or try. And because
Speaker 1: we care about you, yeah, like a lot'll tell you
Speaker 1: what it is next so you don't have to worry
Speaker 1: about the next intimacy you have with your loved one
Speaker 1: being your body's pressed against a pain of bullet proof
Speaker 1: class in a grody little phone booth while prison.
Speaker 3: Guards watching their prying eyes. Nobody wants that that's how
Speaker 3: you really scare them. Actually, it might have sounded good
Speaker 3: to some people. I don't know.
Speaker 1: But anyway, we'll tell you what it is next so
Speaker 1: you don't fall victim to this scam. It's the Jewble Show.
Speaker 1: Stop everything. You might be about to make a huge mistake,
Speaker 1: a mistake that could lead to the gun seizing all
Speaker 1: of your assets and then being carted off to a
Speaker 1: federal prison.
Speaker 3: It's a jewble show.
Speaker 1: Also, just so you know, I'm performing in Olympia this Saturday.
Speaker 1: You can get tickets to my show if you go
Speaker 1: to the jubilshow dot com and click on stand up comedy. Yeah,
Speaker 1: but that's not the thing that can land you in
Speaker 1: prison unless you get too drunk.
Speaker 3: I mean, hey, never know anything happens at a Jubil show.
Speaker 1: And to some people, being carted off to a federal
Speaker 1: prison and having all of their assets season might be
Speaker 1: a great time, but trust me, most people think it isn't.
Speaker 1: And there's an alarming trend on TikTok right now where unfortunately,
Speaker 1: we get all of our advice from right and it's
Speaker 1: tax season if you weren't aware, So there are tons
Speaker 1: of influencers sharing their TikTok tax hacks and most of
Speaker 1: them are definitely terrible advice and things you should ignore.
Speaker 1: So let's go over the TikTok tax hacks that you
Speaker 1: should definitely ignore right now. Okay, hiring your kids excuse me, yes,
Speaker 1: that's a tax has influencer saying you can hire your
Speaker 1: kids to save money. According to some videos, business owners
Speaker 1: should hire and pay their employees so the child can
Speaker 1: contribute to a rough ira with their earned income. One
Speaker 1: dude even wrote his newborn a ten thousand dollars check,
Speaker 1: saying that it's it will work, and it's a good
Speaker 1: tax hack. And people are believing these people on TikTok.
Speaker 3: Which is rain I would have believed that.
Speaker 2: I feel like I've heard this before and people have
Speaker 2: actually done it, especially like if your kid is an
Speaker 2: influencer or something.
Speaker 3: Whew.
Speaker 2: Some people make those accounts for their kids or their
Speaker 2: dogs or whatever. So technically, but that doesn't mean that
Speaker 2: just anybody can do that and be like, oh, maybe
Speaker 2: you cried today, good work.
Speaker 1: Speaking of hiring your dog, Nina, that's another tip that's
Speaker 1: been shared on TikTok that's gone viral and people are like, oh, that's.
Speaker 3: A great idea.
Speaker 1: Hiring your dog is not a good way to get
Speaker 1: out of paying extra taxes.
Speaker 2: You can just imagine how these videos go. Thanks for
Speaker 2: being on my sho I'll ride up your dog, thank
Speaker 2: me later.
Speaker 1: Thank you for following me along in my tax journey.
Speaker 3: Why would I like that video that some do taxes
Speaker 3: with me? I'm hiring my Dog Today.
Speaker 1: Videos like this one claim you can write off your
Speaker 1: pet as a guard dog who protects your business.
Speaker 3: Now you can't. What if I do if my cat
Speaker 3: you protects my home.
Speaker 1: I don't think you can get away with that Victoria. No.
Speaker 1: They say it's true that if a dog is trained
Speaker 1: and the right breed for the job, guard dog spinses
Speaker 1: are deductible, But the I R S doesn't let you
Speaker 1: deduct your Corgie for barking at the door every once
Speaker 1: in a while.
Speaker 3: It's god, it'll pee on you.
Speaker 1: They're going over a trend of TikTok tax hacks that
Speaker 1: you should ignore.
Speaker 3: There's a lot of people.
Speaker 1: We get all our advice from TikTok, obviously, and there's
Speaker 1: a lot of tax hacks out there that you definitely
Speaker 1: should not do because they would get you in tax trouble.
Speaker 1: People are also believing this one write off your Range
Speaker 1: Rover or other luxury vehicle if you have one. There's
Speaker 1: a viral claim about a tax loophole that lets people
Speaker 1: write off the cost of a luxury vehicle on their taxes.
Speaker 1: I've seen people do this, but it's because they certain
Speaker 1: types of cars.
Speaker 3: They can say they're for their business. But I mean
Speaker 3: it's influencers and so their businesses themselves, right, and so
Speaker 3: it gets them from place to place.
Speaker 1: It's not as simple as just having a nice car though,
Speaker 1: according to the IRS Section one seventy nine tax Code.
Speaker 3: Oh so smart.
Speaker 1: I'm not smart at all that. It's just in the
Speaker 1: article that we got. Businesses can write off a vehicle
Speaker 1: that's used for business purposes at least half of the time,
Speaker 1: but it doesn't allow them to duct to the full
Speaker 1: cost of the vehicle the year it's put in a service,
Speaker 1: and there are strict limits due to the deductible on
Speaker 1: luxury vehicles. So it's like they pay attention to Oh
Speaker 1: it's a Mercedes, is it really for business?
Speaker 2: Yeah, well I could see maybe, like if you were
Speaker 2: a driver, like if you were an expensive driver, uber driver.
Speaker 3: Or something, then maybe you write it off that way.
Speaker 2: But they've been giving people a hard time for even
Speaker 2: writing off your like miles for how far you drive
Speaker 2: for work, Like you can't even do that anymore.
Speaker 3: I think, I don't know it used to be able
Speaker 3: to do that.
Speaker 1: Yeah, over TikTok tax hacks that you should definitely ignore,
Speaker 1: Like most advice on TikTok. Do some research before you
Speaker 1: just go oh yeah, oh great, I'll do that forming
Speaker 1: an LLC to deduct personal expenses aka turning your hobby
Speaker 1: into a business.
Speaker 2: Actually a lot of people do this, but I don't
Speaker 2: think you should do that. Somebody want me to do
Speaker 2: it before.
Speaker 1: You can have an LLC and write things off through
Speaker 1: it if it's a legitimate business. But some videos are
Speaker 1: going viral that claim you can just set up an
Speaker 1: LLC and you can deduct personal expenses like your mortgage,
Speaker 1: car payments, grocery bills, and business expenses to lower your taxes.
Speaker 1: One guy said that if you just say your hobby
Speaker 1: is a business like playing video games, you can deduct
Speaker 1: everything related to it.
Speaker 3: Suddenly thousands of.
Speaker 1: People are trying to make their Netflix Netflix Chance me
Speaker 1: a media review company.
Speaker 2: I mean, if you think about it, like some people
Speaker 2: would stream for a living, so in tankly they could tax.
Speaker 3: That, right.
Speaker 2: I think I've tried to do that before because we
Speaker 2: work in media, so that's the more we have to
Speaker 2: talk about. So I've tried to write off my different
Speaker 2: streaming accounts and stuff.
Speaker 3: Then I kind of got laughed out. They're like, you
Speaker 3: can really do that?
Speaker 2: Like that. Yeah, but we can do like your cell
Speaker 2: phone or like your you know, your computer stuff.
Speaker 1: But and LC is only good if the LLC is
Speaker 1: making money because oh, what you do and I know
Speaker 1: this because I have one. What you do is you
Speaker 1: pay yourself a salary out of the LLC if you
Speaker 1: make money. If you make money, yeah, and there are
Speaker 1: ways to have the money that you make from your
Speaker 1: job go into the LLC, so you can pay yourself
Speaker 1: out of the LLC and then it's you get some
Speaker 1: tax breaks on it. But it's not even that big
Speaker 1: of a break, you know, but it's just like a
Speaker 1: little break.
Speaker 3: But you can't just go.
Speaker 1: Everything I did today is free because I'm putting it
Speaker 1: through my LLC.
Speaker 2: Briddy didn't tell me that part. So this is what's
Speaker 2: happening on TikTok. You have a limited amount of time
Speaker 2: to capture somebody's attention. There's this much truth to what
Speaker 2: they're trying to tell you, but they can only fit
Speaker 2: it in.
Speaker 3: So many works. They got me.
Speaker 1: Also another TikTok tax hec that you should ignore that
Speaker 1: people are believing become a fake church. Wow to avoid taxes,
Speaker 1: someone say, just start your own church with a few
Speaker 1: friends and register it as a nonprofit and you'll pay
Speaker 1: zero taxes.
Speaker 3: WHOA, that sounds like a lot of work. Tell me,
Speaker 3: just pay the taxes.
Speaker 1: Let me tell you I just started a church, the
Speaker 1: Holy Order of Brunch, and we're writing off all of
Speaker 1: our mimosas today.
Speaker 2: It's great, it's actually believable until you call it the
Speaker 2: Holy Order of Brunch.