yes it is a write off which is likely why they feature all 3 of them in as many videos as possible so they can write off everything any of them buy, use, eat, wear, etc.I wonder how they pay for it all now they are off the list and is it all tax right offs?
Yes, I have wondered about this.I wonder how they pay for it all now they are off the list and is it all tax right offs?
That's so annoying when we have to pay thousands for holidays yet they get them free. No wonder they are never home. Poor grunter must think he only lives in hotels and the amount of food they eat is amazing I'm surprised they ain't huge. Lol yes I'm totally jealous lmaoyes it is a write off which is likely why they feature all 3 of them in as many videos as possible so they can write off everything any of them buy, use, eat, wear, etc.
itis also why it is so sketchy when they are #hosted and don’t specifically declare “we got this stay, food, etc. for free” are they still getting receipts and writing that stuff off or are they just not paying taxes on the #hosted things like they are supposed to?Yes, I have wondered about this.
Can someone with tax experience please help clarify this topic?
I am under the impression that they write off most of their daily life.
• office space in the house
• the Tesla and all the mileage
• theme park passes and all other admissions (ie. museum, exploratorium, animal sanctuaries, etc)
• hotels
• meals, snacks and desserts
Tim, as the primary person, yes. After all, it is called The Tim Tracker.
Jen and Jack$on not so much.
As a tax payer I don’t feel that their expenses should be a tax deduction.
I don't get the point of staying at Hotel before Velocicoaster day and then waiting a week to upload when everyone else has moved onto something else like Disney's no mask changes. Or KyleP on a cruise, PCD in Hawaii, Jackie has a bunch of plans too.I can't remember who said it, but the way they're going to spin it for now is that they wanted to get the "average theme park goer" experience for Velocicoaster. The other events will be spun as scheduling conflicts or something.
they stayed over night to make sure Tim could get in just in case the park was at capacity since you know he wasn’t getting there at 4 or 5 am.I don't get the point of staying at Hotel before Velocicoaster day and then waiting a week to upload when everyone else has moved onto something else like Disney's no mask changes. Or KyleP on a cruise, PCD in Hawaii, Jackie has a bunch of plans too.
They can't write off the couch - if that's where she does her editing.Yes, I have wondered about this.
Can someone with tax experience please help clarify this topic?
I am under the impression that they write off most of their daily life.
• office space in the house
• the Tesla and all the mileage
• theme park passes and all other admissions (ie. museum, exploratorium, animal sanctuaries, etc)
• hotels
• meals, snacks and desserts
Tim, as the primary person, yes. After all, it is called The Tim Tracker.
Jen and Jack$on not so much.
As a tax payer I don’t feel that their expenses should be a tax deduction.
All they say during their “review” of the food they eat are “Delicious” and “refreshing.” And I don’t trust anyone that only gets burgers wherever they go.Jenn and Tim have the palates of 2 year olds. Jackpot will surpass them pretty soon - hopefully.
They don't live 15 mins. away from Universal but yes, they are lazy bastards.Jenn said they’d have to stay onsite to rope drop.
What? They live like what, 15 minutes away? Lazy bastards.
You could tell Tim was not happy about riding Small World. My husband hates Small World too, but he rides it because that’s what parents do. They do things they don’t like for their kids. What you wanna bet they won’t take Jackpot on it again for a long time.
Jenn and Tim have the palates of 2 year olds. Jackpot will surpass them pretty soon - hopefully.
I’m willing to bet they are writing off a wholeThey can't write off the couch - if that's where she does her editing.
They would have to be writing off a separate room where they would lie and act as if she 100% uses it to edit - and only edit (as a business expense / home office). You then calculate the size of that room, deduct it from the total square footage of the house and you can deduct the % of utilities, mortgage payment, etc. on taxes for that room's square footage as an at-home office. (I've been doing this particular deduction for about 13 years as my job is remote)
Yeah, I wouldn't be surprised either except they can't be writing off too much lest their write-offs exceed their basic / standard taxes that they would be paying in their tax bracket. That sends up red flags to the IRS to audit you.I’m willing to bet they are writing off a whole
Lot more than that as “video production location”
Right. It's likely a pretty gray area considering their "occupation." It's doubtful the IRS would be like - "Sure! write off that deepfried Oreo you bought with Woo at the Seminole County Fair! That counts!"Honestly does anyone give a shit about opening day of velocicoaster at this point when it’s been open for over a month?
I believe they can only write stuff off in their taxes if they can prove they only use it for business purposes and they should absolutely be getting 1099s for any free stays or “gifts” over a certain amount. There is a lot of gray area there I would imagine. Technically they shouldn’t be able to write off the food but the fact that they’re actively consuming it on video tells me they probably do that so they can prove it is a business expense.
their taxes should be pretty high based on their guesstimated income even at the low end.Yeah, I wouldn't be surprised either except they can't be writing off too much lest their write-offs exceed their basic / standard taxes that they would be paying in their tax bracket. That sends up red flags to the IRS to audit you.
You can write off some things legit as self-employed (and trust me, things for me in the past that I've written off that were hundreds or thousands of dollars amounted to like $50 off my taxes and you end up thinking WTF!? that's it!? that was useless!) but if the Trackers are writing off too much stuff, it'll eventually get them.
Of course, they could have an accountant who does their taxes for them and they just hand him / her all the receipts to figure it out.
Right. It's likely a pretty gray area considering their "occupation." It's doubtful the IRS would be like - "Sure! write off that deepfried Oreo you bought with Woo at the Seminole County Fair! That counts!"
I'm sure there's some defined things they can write off without issue (equipment, mileage, internet, etc) and some things there may be gray areas (i.e. burgers with friends, 10 different desserts to try off camera, etc.)
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