IRS Targeting Influencers Kai Andrew

1.2K viewsPublished: December 11, 20241m 30sScore: 75
Pricing & Profitability
intermediate
Tax Strategy
Expenses
Bookkeeping

Summary

The IRS is increasing its enforcement efforts, specifically targeting influencers, online entrepreneurs, and new real estate investors with higher incomes and complex entities. These groups are particularly scrutinized for making frivolous tax claims, writing off luxury expenses, and failing to properly track properties and expenses. The video cautions against seeking tax advice from social media and emphasizes the importance of consulting a professional.

Related Videos

More from Pricing & Profitability

North Texas homeowners eye Airbnb profits as World Cup demand surges - CBS News

North Texas homeowners are poised to capitalize on surging Airbnb demand during the World Cup. This presents opportunities for profit but also highlights the need for hosts to understand market dynamics and optimize their listings. Hosts should research peak season strategies to maximize revenue during this event.

about 19 hours agoTexas75
Afcon tourist surge: How your home can host and profit - thecitizen.co.tz

This article discusses the potential for short-term rental hosts to profit from the surge in tourism related to the African Cup of Nations (Afcon) tournament. It highlights the increased demand for accommodations during the event, offering a prime opportunity for hosts. The article suggests hosts can capitalize on this demand by optimizing their listings and adjusting their pricing strategies.

about 20 hours ago75
Report: Gallatin, Flathead county have majority of short-term rental units - Daily Montanan

A recent report highlights that Gallatin and Flathead counties in Montana have the majority of short-term rental units. This indicates a concentrated market. Hosts and investors in these areas should monitor market trends and potential regulatory changes. Understanding local supply is crucial for successful STR management.

about 23 hours agoMontana75

Curated by Learn STR by GoStudioM