IRS Targeting Influencers Kai Andrew

1.2K viewsabout 1 year ago1m 30sScore: 75

Kai Andrew

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.