March 4, 2025 • 7 mins
You can find hacks for just about anything on TikTok, but you can’t trust all of it. While the stakes are low if it’s a recipe or a beauty tip, one area you may want to be wary of is anything related to managing your finances and taxes. Some tax “loopholes” may go viral, but taxes are complicated and condensing strategies into a few sentences can easily lead to misinformation.
Following tax advice from TikTok could end up costing you in penalties, back taxes owed and a huge hassle. These are some TikTok tax “hacks” you’re better off ignoring.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Please listen to what I'm about to say. It's the
Jewble Show. It could save you thousands of dollars in
potential prison time. Oh yes, and if you're listening to
my voice right now, two things, you're welcome.
Speaker 2 (00:11):
Wow.
Speaker 1 (00:12):
Also, there's an alarming trend on social media right now
that could literally wreck you financially and you could end
up in jail. Oh no, and no, it's not the
Let's rop a bank challenge, which is probably a thing.
It's actually something you might believe or try. And because
we care about you, yeah, like a lot'll tell you
(00:32):
what it is next so you don't have to worry
about the next intimacy you have with your loved one
being your body's pressed against a pain of bullet proof
class in a grody little phone booth while prison.
Speaker 3 (00:41):
Guards watching their prying eyes. Nobody wants that that's how
you really scare them. Actually, it might have sounded good
to some people. I don't know.
Speaker 1 (00:49):
But anyway, we'll tell you what it is next so
you don't fall victim to this scam. It's the Jewble Show.
Stop everything. You might be about to make a huge mistake,
a mistake that could lead to the gun seizing all
of your assets and then being carted off to a
federal prison.
Speaker 3 (01:04):
It's a jewble show.
Speaker 1 (01:05):
Also, just so you know, I'm performing in Olympia this Saturday.
You can get tickets to my show if you go
to the jubilshow dot com and click on stand up comedy. Yeah,
but that's not the thing that can land you in
prison unless you get too drunk.
Speaker 3 (01:19):
I mean, hey, never know anything happens at a Jubil show.
Speaker 1 (01:21):
And to some people, being carted off to a federal
prison and having all of their assets season might be
a great time, but trust me, most people think it isn't.
And there's an alarming trend on TikTok right now where unfortunately,
we get all of our advice from right and it's
tax season if you weren't aware, So there are tons
of influencers sharing their TikTok tax hacks and most of
(01:41):
them are definitely terrible advice and things you should ignore.
So let's go over the TikTok tax hacks that you
should definitely ignore right now. Okay, hiring your kids excuse me, yes,
that's a tax has influencer saying you can hire your
kids to save money. According to some videos, business owners
(02:02):
should hire and pay their employees so the child can
contribute to a rough ira with their earned income. One
dude even wrote his newborn a ten thousand dollars check,
saying that it's it will work, and it's a good
tax hack. And people are believing these people on TikTok.
Speaker 3 (02:18):
Which is rain I would have believed that.
Speaker 2 (02:20):
I feel like I've heard this before and people have
actually done it, especially like if your kid is an
influencer or something.
Speaker 3 (02:25):
Whew.
Speaker 2 (02:26):
Some people make those accounts for their kids or their
dogs or whatever. So technically, but that doesn't mean that
just anybody can do that and be like, oh, maybe
you cried today, good work.
Speaker 1 (02:37):
Speaking of hiring your dog, Nina, that's another tip that's
been shared on TikTok that's gone viral and people are like, oh, that's.
Speaker 3 (02:43):
A great idea.
Speaker 1 (02:45):
Hiring your dog is not a good way to get
out of paying extra taxes.
Speaker 2 (02:49):
You can just imagine how these videos go. Thanks for
being on my sho I'll ride up your dog, thank
me later.
Speaker 1 (02:53):
Thank you for following me along in my tax journey.
Speaker 3 (02:58):
Why would I like that video that some do taxes
with me? I'm hiring my Dog Today.
Speaker 1 (03:03):
Videos like this one claim you can write off your
pet as a guard dog who protects your business.
Speaker 3 (03:09):
Now you can't. What if I do if my cat
you protects my home.
Speaker 1 (03:12):
I don't think you can get away with that Victoria. No.
They say it's true that if a dog is trained
and the right breed for the job, guard dog spinses
are deductible, But the I R S doesn't let you
deduct your Corgie for barking at the door every once
in a while.
Speaker 3 (03:29):
It's god, it'll pee on you.
Speaker 1 (03:34):
They're going over a trend of TikTok tax hacks that
you should ignore.
Speaker 3 (03:38):
There's a lot of people.
Speaker 1 (03:38):
We get all our advice from TikTok, obviously, and there's
a lot of tax hacks out there that you definitely
should not do because they would get you in tax trouble.
People are also believing this one write off your Range
Rover or other luxury vehicle if you have one. There's
a viral claim about a tax loophole that lets people
write off the cost of a luxury vehicle on their taxes.
(04:00):
I've seen people do this, but it's because they certain
types of cars.
Speaker 3 (04:03):
They can say they're for their business. But I mean
it's influencers and so their businesses themselves, right, and so
it gets them from place to place.
Speaker 1 (04:10):
It's not as simple as just having a nice car though,
according to the IRS Section one seventy nine tax Code.
Speaker 3 (04:15):
Oh so smart.
Speaker 1 (04:17):
I'm not smart at all that. It's just in the
article that we got. Businesses can write off a vehicle
that's used for business purposes at least half of the time,
but it doesn't allow them to duct to the full
cost of the vehicle the year it's put in a service,
and there are strict limits due to the deductible on
luxury vehicles. So it's like they pay attention to Oh
it's a Mercedes, is it really for business?
Speaker 2 (04:39):
Yeah, well I could see maybe, like if you were
a driver, like if you were an expensive driver, uber driver.
Speaker 3 (04:46):
Or something, then maybe you write it off that way.
Speaker 2 (04:49):
But they've been giving people a hard time for even
writing off your like miles for how far you drive
for work, Like you can't even do that anymore.
Speaker 3 (04:56):
I think, I don't know it used to be able
to do that.
Speaker 1 (04:58):
Yeah, over TikTok tax hacks that you should definitely ignore,
Like most advice on TikTok. Do some research before you
just go oh yeah, oh great, I'll do that forming
an LLC to deduct personal expenses aka turning your hobby
into a business.
Speaker 2 (05:13):
Actually a lot of people do this, but I don't
think you should do that. Somebody want me to do
it before.
Speaker 1 (05:19):
You can have an LLC and write things off through
it if it's a legitimate business. But some videos are
going viral that claim you can just set up an
LLC and you can deduct personal expenses like your mortgage,
car payments, grocery bills, and business expenses to lower your taxes.
One guy said that if you just say your hobby
is a business like playing video games, you can deduct
(05:40):
everything related to it.
Speaker 3 (05:41):
Suddenly thousands of.
Speaker 1 (05:42):
People are trying to make their Netflix Netflix Chance me
a media review company.
Speaker 2 (05:48):
I mean, if you think about it, like some people
would stream for a living, so in tankly they could tax.
Speaker 3 (05:53):
That, right.
Speaker 2 (05:54):
I think I've tried to do that before because we
work in media, so that's the more we have to
talk about. So I've tried to write off my different
streaming accounts and stuff.
Speaker 3 (06:03):
Then I kind of got laughed out. They're like, you
can really do that?
Speaker 2 (06:05):
Like that. Yeah, but we can do like your cell
phone or like your you know, your computer stuff.
Speaker 1 (06:09):
But and LC is only good if the LLC is
making money because oh, what you do and I know
this because I have one. What you do is you
pay yourself a salary out of the LLC if you
make money. If you make money, yeah, and there are
ways to have the money that you make from your
job go into the LLC, so you can pay yourself
out of the LLC and then it's you get some
(06:30):
tax breaks on it. But it's not even that big
of a break, you know, but it's just like a
little break.
Speaker 3 (06:34):
But you can't just go.
Speaker 1 (06:35):
Everything I did today is free because I'm putting it
through my LLC.
Speaker 2 (06:39):
Briddy didn't tell me that part. So this is what's
happening on TikTok. You have a limited amount of time
to capture somebody's attention. There's this much truth to what
they're trying to tell you, but they can only fit
it in.
Speaker 3 (06:49):
So many works. They got me.
Speaker 1 (06:51):
Also another TikTok tax hec that you should ignore that
people are believing become a fake church. Wow to avoid taxes,
someone say, just start your own church with a few
friends and register it as a nonprofit and you'll pay
zero taxes.
Speaker 3 (07:05):
WHOA, that sounds like a lot of work. Tell me,
just pay the taxes.
Speaker 1 (07:09):
Let me tell you I just started a church, the
Holy Order of Brunch, and we're writing off all of
our mimosas today.
Speaker 2 (07:15):
It's great, it's actually believable until you call it the
Holy Order of Brunch.
Please listen to what I'm about to say. It's the
Jewble Show. It could save you thousands of dollars in
potential prison time. Oh yes, and if you're listening to
my voice right now, two things, you're welcome.
Speaker 2 (00:11):
Wow.
Speaker 1 (00:12):
Also, there's an alarming trend on social media right now
that could literally wreck you financially and you could end
up in jail. Oh no, and no, it's not the
Let's rop a bank challenge, which is probably a thing.
It's actually something you might believe or try. And because
we care about you, yeah, like a lot'll tell you
(00:32):
what it is next so you don't have to worry
about the next intimacy you have with your loved one
being your body's pressed against a pain of bullet proof
class in a grody little phone booth while prison.
Speaker 3 (00:41):
Guards watching their prying eyes. Nobody wants that that's how
you really scare them. Actually, it might have sounded good
to some people. I don't know.
Speaker 1 (00:49):
But anyway, we'll tell you what it is next so
you don't fall victim to this scam. It's the Jewble Show.
Stop everything. You might be about to make a huge mistake,
a mistake that could lead to the gun seizing all
of your assets and then being carted off to a
federal prison.
Speaker 3 (01:04):
It's a jewble show.
Speaker 1 (01:05):
Also, just so you know, I'm performing in Olympia this Saturday.
You can get tickets to my show if you go
to the jubilshow dot com and click on stand up comedy. Yeah,
but that's not the thing that can land you in
prison unless you get too drunk.
Speaker 3 (01:19):
I mean, hey, never know anything happens at a Jubil show.
Speaker 1 (01:21):
And to some people, being carted off to a federal
prison and having all of their assets season might be
a great time, but trust me, most people think it isn't.
And there's an alarming trend on TikTok right now where unfortunately,
we get all of our advice from right and it's
tax season if you weren't aware, So there are tons
of influencers sharing their TikTok tax hacks and most of
(01:41):
them are definitely terrible advice and things you should ignore.
So let's go over the TikTok tax hacks that you
should definitely ignore right now. Okay, hiring your kids excuse me, yes,
that's a tax has influencer saying you can hire your
kids to save money. According to some videos, business owners
(02:02):
should hire and pay their employees so the child can
contribute to a rough ira with their earned income. One
dude even wrote his newborn a ten thousand dollars check,
saying that it's it will work, and it's a good
tax hack. And people are believing these people on TikTok.
Speaker 3 (02:18):
Which is rain I would have believed that.
Speaker 2 (02:20):
I feel like I've heard this before and people have
actually done it, especially like if your kid is an
influencer or something.
Speaker 3 (02:25):
Whew.
Speaker 2 (02:26):
Some people make those accounts for their kids or their
dogs or whatever. So technically, but that doesn't mean that
just anybody can do that and be like, oh, maybe
you cried today, good work.
Speaker 1 (02:37):
Speaking of hiring your dog, Nina, that's another tip that's
been shared on TikTok that's gone viral and people are like, oh, that's.
Speaker 3 (02:43):
A great idea.
Speaker 1 (02:45):
Hiring your dog is not a good way to get
out of paying extra taxes.
Speaker 2 (02:49):
You can just imagine how these videos go. Thanks for
being on my sho I'll ride up your dog, thank
me later.
Speaker 1 (02:53):
Thank you for following me along in my tax journey.
Speaker 3 (02:58):
Why would I like that video that some do taxes
with me? I'm hiring my Dog Today.
Speaker 1 (03:03):
Videos like this one claim you can write off your
pet as a guard dog who protects your business.
Speaker 3 (03:09):
Now you can't. What if I do if my cat
you protects my home.
Speaker 1 (03:12):
I don't think you can get away with that Victoria. No.
They say it's true that if a dog is trained
and the right breed for the job, guard dog spinses
are deductible, But the I R S doesn't let you
deduct your Corgie for barking at the door every once
in a while.
Speaker 3 (03:29):
It's god, it'll pee on you.
Speaker 1 (03:34):
They're going over a trend of TikTok tax hacks that
you should ignore.
Speaker 3 (03:38):
There's a lot of people.
Speaker 1 (03:38):
We get all our advice from TikTok, obviously, and there's
a lot of tax hacks out there that you definitely
should not do because they would get you in tax trouble.
People are also believing this one write off your Range
Rover or other luxury vehicle if you have one. There's
a viral claim about a tax loophole that lets people
write off the cost of a luxury vehicle on their taxes.
(04:00):
I've seen people do this, but it's because they certain
types of cars.
Speaker 3 (04:03):
They can say they're for their business. But I mean
it's influencers and so their businesses themselves, right, and so
it gets them from place to place.
Speaker 1 (04:10):
It's not as simple as just having a nice car though,
according to the IRS Section one seventy nine tax Code.
Speaker 3 (04:15):
Oh so smart.
Speaker 1 (04:17):
I'm not smart at all that. It's just in the
article that we got. Businesses can write off a vehicle
that's used for business purposes at least half of the time,
but it doesn't allow them to duct to the full
cost of the vehicle the year it's put in a service,
and there are strict limits due to the deductible on
luxury vehicles. So it's like they pay attention to Oh
it's a Mercedes, is it really for business?
Speaker 2 (04:39):
Yeah, well I could see maybe, like if you were
a driver, like if you were an expensive driver, uber driver.
Speaker 3 (04:46):
Or something, then maybe you write it off that way.
Speaker 2 (04:49):
But they've been giving people a hard time for even
writing off your like miles for how far you drive
for work, Like you can't even do that anymore.
Speaker 3 (04:56):
I think, I don't know it used to be able
to do that.
Speaker 1 (04:58):
Yeah, over TikTok tax hacks that you should definitely ignore,
Like most advice on TikTok. Do some research before you
just go oh yeah, oh great, I'll do that forming
an LLC to deduct personal expenses aka turning your hobby
into a business.
Speaker 2 (05:13):
Actually a lot of people do this, but I don't
think you should do that. Somebody want me to do
it before.
Speaker 1 (05:19):
You can have an LLC and write things off through
it if it's a legitimate business. But some videos are
going viral that claim you can just set up an
LLC and you can deduct personal expenses like your mortgage,
car payments, grocery bills, and business expenses to lower your taxes.
One guy said that if you just say your hobby
is a business like playing video games, you can deduct
(05:40):
everything related to it.
Speaker 3 (05:41):
Suddenly thousands of.
Speaker 1 (05:42):
People are trying to make their Netflix Netflix Chance me
a media review company.
Speaker 2 (05:48):
I mean, if you think about it, like some people
would stream for a living, so in tankly they could tax.
Speaker 3 (05:53):
That, right.
Speaker 2 (05:54):
I think I've tried to do that before because we
work in media, so that's the more we have to
talk about. So I've tried to write off my different
streaming accounts and stuff.
Speaker 3 (06:03):
Then I kind of got laughed out. They're like, you
can really do that?
Speaker 2 (06:05):
Like that. Yeah, but we can do like your cell
phone or like your you know, your computer stuff.
Speaker 1 (06:09):
But and LC is only good if the LLC is
making money because oh, what you do and I know
this because I have one. What you do is you
pay yourself a salary out of the LLC if you
make money. If you make money, yeah, and there are
ways to have the money that you make from your
job go into the LLC, so you can pay yourself
out of the LLC and then it's you get some
(06:30):
tax breaks on it. But it's not even that big
of a break, you know, but it's just like a
little break.
Speaker 3 (06:34):
But you can't just go.
Speaker 1 (06:35):
Everything I did today is free because I'm putting it
through my LLC.
Speaker 2 (06:39):
Briddy didn't tell me that part. So this is what's
happening on TikTok. You have a limited amount of time
to capture somebody's attention. There's this much truth to what
they're trying to tell you, but they can only fit
it in.
Speaker 3 (06:49):
So many works. They got me.
Speaker 1 (06:51):
Also another TikTok tax hec that you should ignore that
people are believing become a fake church. Wow to avoid taxes,
someone say, just start your own church with a few
friends and register it as a nonprofit and you'll pay
zero taxes.
Speaker 3 (07:05):
WHOA, that sounds like a lot of work. Tell me,
just pay the taxes.
Speaker 1 (07:09):
Let me tell you I just started a church, the
Holy Order of Brunch, and we're writing off all of
our mimosas today.
Speaker 2 (07:15):
It's great, it's actually believable until you call it the
Holy Order of Brunch.
Host
Jubal Fresh
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