Tue
Apr 9 2024
09:43 am
By: bizgrrl
From the Washington Post, "Bad tax advice is multiplying on TikTok."
No, you can't write-off your vacation as a business trip. Yes, you must file federal income taxes, it’s the law. Be very cautious if trying to expense a vehicle, your home office, or your kids as employees.
Having run a small business for 25 years, i can say an accountant is a great resource. Plus, they will be there to answer questions if you get audited.
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Bad tax advice on the internet
Shocker.
I know. Who'd a thunk.
(in reply to Mike Cohen)
I know. Who'd a thunk.
However, I'm finding more and more people are relying on their internet sources. Sheesh.
Internet Research
Comment: "I did my own research."
Interpretation: "I'm an idiot who got online and looked until I found something I wanted to hear."