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Video instructions and help with filling out and completing irs transportation expenses
Now let's go to the next topic this topic isn't quite as known this is called using business expenses to get money back when you travel this is one of my favorite underrated topics very very underrated I learned this from traveling with big companies right I've worked for IBM and Deloitte and companies where I travel a lot and what I learned is right so I know for example when I first joined IBM and some other companies right is don't I'll travel somewhere or somebody else which I was somewhere just to attend a meeting for like 10 minutes or just to attend a meeting and not even saying it and just to be an observer in a meeting and I'm like wait a minute you came all the way across the country to sit in a meeting for half an hour and I'm like oh honey is card hard I'll speechless like how our company is paying for this and they do it right because when you travel forward photo for all those people who work in there and in big companies right when you travel you have expense reports those expense reports are there for a reason because the company you're traveling with is expensing your travel as business travel meaning that at the end of the year on their file that taxes when it's tax season they get to deduct your travel from their expenses I mean from their tax reports meaning that your flight your hotel your car rental your taxis your uber the Fuji apples for business although all those expenses the employer takes them up from their taxes so how's this I'm sitting there learning the system running the game I'm like hold up I got a business to I can put a same hustle and I did and I learned about business expenses so this is why I highly highly recommend everybody should own a business just to decrease your taxes alright because people who own businesses are hoping the country the economy out so by doing this you can decrease your expenses let me give an example right you imagine you have a business as a travel blogger right a travel blog your job is to blog about traveling different locations so guess what as a travel blogger you can book a flight from I'm here in DC right from DC to Australia go there for a week take pictures do videos and come back and write about that experience when I just do a blog post drooling do let go 500 500 watt blog post and guess what that's part of your business what's this part of your job so that that flied down to Australia the hotel write the meals you have think that's all part of the business alright so you can take that off your taxes I mean not all of it entirely but that money comes back to you at a good portion and.