Top Ten Tips for Filing Your 2019 Tax Return in 2020!!!


Please watch this video BEFORE filing your 2019 taxes in 2020. This is your top ten tips for filing your 2019 tax return in 2020. This is perfect for you if you are filing taxes yourself on TurboTax or any other at home software for your 2019 tax return. I answer the most commonly asked questions that I get asked during tax season for income tax preparation. I also provide you tips to make sure that you are not causing problems with the IRS and also how to avoid overpaying your taxes in certain situations. In this video about your tax filings, I’m basically answering your tax questions to give you peace of mind so that you feel more confident filing your tax return. This is your tax cheat sheet and we go over sole proprietorship taxes, charitable donation deductions, medical expenses, itemized deductions, the 2020 W4 form, and many more. We hope you enjoy these tax tips for 2019 tax season for filing your 2019 tax return on TurboTax or any at home tax software preparation.

We also give you peace of mind in knowing when to file your taxes married filing jointly or file married filing separately. We also go over gambling losses so that you can offset them with your gambling winnings to reduce the taxable income you recognize from your W2-G.

We cover the child-care tax credit and also the nanny taxes. We even cover audit risks and taxes for sole proprietorships. Yes, we cover a little bit of sole proprietorship taxes.

We also cover the HSA and HSA distributions. We discuss taxation on stock options and the issue of the cost basis that can be corrected with supplementary information from the brokerages or from the statement of taxable income.

Also, don’t forget that you still can make a Traditional IRA contribution in 2020 for 2019 and still receive a tax deduction. We also discuss the Schedule E regarding taxes for rental properties or rental property tax. Don’t forget depreciation expenses and claiming amortization expenses for refinancing costs. We also have a separate video covering depreciation recapture for rental properties.

And we also recommend filing an extension if you feel that you cannot meet the tax deadline. You can save on penalties from the IRS and State if you file an extension from the failure to file penalty.

So as you can see, we discuss all the tax advice and tax tips for filing your income tax return and how to save money on taxes. We hope you benefit from this video. Please comment, subscribe, and give us a thumbs up. And again, don’t forget to update your W4 2020. The W-4 Form 2020 is very important for your 2020 taxes!

Thank you for watching this video about taxes 2019 and soon to come taxes 2020!


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  1. question: husband and I had always filed married filing separately then one year we filed married filing jointly the following year we wanted to file separately but the tax preparer told us we could never go back to filing separately. Is that true?

  2. You know your so Passionate about the information that you give and I really appreciate it keep up the good work, this information has made me step up my game and get my taxes filed.

  3. Mr. Kim we are small business year 2. This year I’m showing we may owe about 14k in taxes. I know i have to be missing something regarding write offs (I’m not a pro) what can I do to bring down these taxes? Help!

  4. So I guess I'm screwed I have no clue how to do this stuff and I cant get the stimulus check all I've ever done is under the table work and I just got my first job

  5. I had a 401k at my old job at the hospital. I took out a thousand and some thing. They send me slips to file with my taxes. But I have not file a tax since 2016. Iam not working. How does the 401k work. Have I lost my 401k since I longer work their. No one ever asked me about the 401k. When I brought it up last. I was told not to file it.
    WHAT CAN I DO? If anything

  6. I'm having a hard time trying to do my taxes on- line I'll tried FILE FREE whenever I type in my SSI number another number appears, JACKSON AND HEWITT'S H& R BLOCK LIBERTY TAX ALL I DON'T TRUST THEM. DOES ANYONE HAVE ANY SUGGESTIONS .
    Please thank you very much.

  7. I'm 56 single , what is the additional tax credit for single without surviving spouse ?? Saw this on gov site? Is that additional from my standard deduction of 12200?

  8. This channel is pure gold. You have saved me tons $ and I have extensive confidence in your information. Keep up the good work brother!!

  9. Someone did my tax return and refiling already, but my first name and last name was spelled wrong. What should I do? Which form to filled and is it okay to go back on Torbo tax and fix the name and refiling? Thank you.

  10. Thanks for your videos!!!Husband sole propietor, wife employee in a company(not for husband) does it make a different if file jointly? Thank you!!

  11. Where did you find the source for the donation deduction not having to itemize? I would like to inform my clients. That's great change.

  12. How do you file taxes for a two member LLC? Opened mid year 2019. Now physical shop opened in Nov is shuttered.


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