Noel Lorenzana, CPA
Noel Lorenzana, CPA
  • Видео 226
  • Просмотров 1 743 813
Will Trump Crash the Economy in 2025?
In just a few weeks into 2025, President Trump has made big economic moves-some say they’re needed, others fear they could lead to disaster. From new tariffs that drive up prices to federal worker cuts that slow down services, these policies are already affecting everyday Americans. Are we heading for a recession, or is this just short-term pain for long-term gain?
Enjoy My Work? Support Me on Patreon!
www.patreon.com/noellorenzana
💡 NEW: Grab My Tax Deductions Cheatsheet and Maximize Your Tax Savings!
www.noellorenzanacpa.com/tax-deductions-cheatsheet
📘 Free Ebook 10 Tips to Simplify Your Taxes:
www.noellorenzanacpa.com/10-tips-to-simplify-your-taxes
💜 Show Your Support: Fuel Our Channel with ...
Просмотров: 52

Видео

What They Aren't Telling You About the Global Economy?
Просмотров 6 тыс.16 часов назад
The global economy in 2025 is going through tough times. With global debt reaching $307 trillion, inflation staying high, and interest rates rising, many of us feel the impact-whether it’s higher prices at the store, expensive energy, or loans that cost more. This video looks at key problems like debt, inflation, new tech like AI and automation, and resource shortages, like water and food. But ...
Your Data Has Been Hacked! Secure Your IRS Tax Account NOW
Просмотров 49414 дней назад
Your personal data could be in the hands of cybercriminals right now! In this video, I'll explain how one of the largest data breaches ever has exposed millions of Americans’ personal data, including Social Security numbers, birth dates, and even mortgage records. Learn how criminals can file fraudulent tax returns in your name and steal your refund - and most importantly, find out how to secur...
Why You Can't Trust Government Data
Просмотров 34321 день назад
Have you ever wondered if the government data we rely on is telling the whole truth? In this video, we break down why you can't always trust government statistics, especially when it comes to job numbers, inflation, and other key economic indicators. From massive job revisions that go unnoticed by the public, to misleading reports about the economy's health, we explore the reality behind the nu...
The Tragic Tale of Bench Accounting: From Startup Darling to Bankruptcy
Просмотров 41028 дней назад
Bench Accounting Bankruptcy: Imagine waking up to find your entire financial history has vanished. That’s exactly what happened to 35,000 small business owners when Bench Accounting abruptly shut down on December 27, 2024. In this video, we'll discuss the rise and fall of Bench Accounting, a company that once promised to simplify bookkeeping for small businesses but ended up leaving many of its...
What You NEED To Know About The NEW 1099-K Reporting Rules (2024 Changes Explained!)
Просмотров 9 тыс.Месяц назад
*Correction* Per IR-2024-299, Nov. 26, 2024, the IRS has provided transition relief as follows: Under the guidance issued today, TPSOs will be required to report transactions when the amount of total payments for those transactions is more than $5,000 in 2024; more than $2,500 in 2025; and more than $600 in calendar year 2026 and after. If you're a freelancer, small business owner, or side hust...
Is the Economy Headed For Trouble? It Might Depend on Who You Voted For
Просмотров 1,9 тыс.Месяц назад
The economy feels like it’s telling two completely different stories. For some, it’s a time of record profits, booming markets, and rising property values. For others, it’s a constant struggle with rising costs, stagnant wages, and the dream of financial stability slipping further away. In this video, we take a closer look at why opinions about the economy are so divided. Are we really heading ...
Breaking!! BOI Update: It's Time to File - Appeals Court Lifts Injunction
Просмотров 1,7 тыс.Месяц назад
12/27 UPDATE: as of just a couple hours ago, the Fifth Circuit reversed their own stay while they're deciding the case. This means the injunction is back on and there's currently no enforceable BOI reporting requirement. In a major development with BOI Filing (Corporate Transparency Act), the 5th Circuit Court of Appeals has paused the district court's order blocking the BOI reporting requireme...
How to Profit From Your Investment Losses (2024)
Просмотров 634Месяц назад
This year, the stock market has had a strong run, with many investors seeing gains in their stock portfolios. But what if some of your investments didn’t perform as well? Here’s the good news: even if you’ve experienced losses, you can use them strategically to reduce your tax bill. Whether you're planning for this year or preparing for the future, understanding stock loss harvesting strategies...
Banks Are Vulnerable, Fintechs Are Worse: Protect Yourself NOW!
Просмотров 528Месяц назад
Imagine waking up one day, logging into your bank account, and seeing a balance of zero. No warning, no safety net-just gone. This is the harsh reality many are facing today. Banks are under pressure like never before, and fintech startups? They often lack the safeguards to protect your savings. In this video, I’ll break down: • Why traditional banks aren’t as safe as they seem. • The hidden da...
BOI Reporting Ruled Unconstitutional | Corporate Transparency Act Temporarily Blocked!
Просмотров 13 тыс.2 месяца назад
12/27 UPDATE: as of just a couple hours ago, the Fifth Circuit reversed their own stay while they're deciding the case. This means the injunction is back on and there's currently no enforceable BOI reporting requirement. Urgent Update: With days to go before the beneficial ownership information (BOI) reporting deadline, the U.S. Fifth Circuit has granted the government’s emergency motion for a ...
End of Year Tax Tips: Avoid Costly Mistakes in 2024
Просмотров 1,9 тыс.2 месяца назад
Did you know a few simple tax moves could save you hundreds, even thousands, of dollars this tax season? In this video, I’ll break down what’s changed for 2024, from new tax brackets to updated 1099K reporting rules. Whether you’re filing on your own or have some experience, I’ll guide you through each step to keep you organized and prepared. Plus, I’ll share year-end tax tips you can use right...
Is Bitcoin the Most Insane Financial Mania in History?
Просмотров 2,4 тыс.2 месяца назад
Is Bitcoin the biggest financial bubble in history? In this video, we’ll look at Bitcoin and compare it to past money crazes like Tulip Mania. People once went wild; the world seemed to go mad, and now Bitcoin appears to be having its moment. But what’s driving this excitement? Is it real value, or are we caught up in the hype? Based on lessons from the classic book Extraordinary Popular Delusi...
Wall Street Veteran Predicts the Worst Economic Depression in 3-5 Years!
Просмотров 12 тыс.2 месяца назад
Today, we’re sitting down with Peter Grandich, the Wall Street veteran who predicted the 1987 Black Monday crash. Peter shares his eye-opening forecast about America’s future and breaks down the five big challenges he believes could lead to the worst economic period in U.S. history. We’ll talk about exploding debt, the future of gold, whether BRICS is serious or not, and how to protect your fin...
Is the Government Suppressing Silver Prices for Military Use?
Просмотров 28 тыс.2 месяца назад
Is the government secretly keeping silver prices low for military use? In this video, we explore the possibility that silver, which is essential for modern weapons and technology, is being controlled by the government to keep prices down. From its critical role in World War II to its use in today’s high-tech military gear like missiles and electronics, silver has always been more than just anot...
The Great Melt Up: Exploding Debt, Bank Failures, and the Rush to Gold
Просмотров 58 тыс.2 месяца назад
The Great Melt Up: Exploding Debt, Bank Failures, and the Rush to Gold
What Really Happens When You Opt Out of Paying Income Taxes?
Просмотров 13 тыс.3 месяца назад
What Really Happens When You Opt Out of Paying Income Taxes?
Could Donald Trump Actually Be the Last President?
Просмотров 446 тыс.3 месяца назад
Could Donald Trump Actually Be the Last President?
FEMA’s Disaster Relief Funds Are Running Out-What Happens Next?
Просмотров 4773 месяца назад
FEMA’s Disaster Relief Funds Are Running Out-What Happens Next?
What If the US Dollar Collapsed and Became Worthless Overnight?
Просмотров 103 тыс.3 месяца назад
What If the US Dollar Collapsed and Became Worthless Overnight?
BRICS are Plotting to Overthrow the U.S. Dollar (Why You Should be Worried)
Просмотров 48 тыс.4 месяца назад
BRICS are Plotting to Overthrow the U.S. Dollar (Why You Should be Worried)
Former IRS Agent Spills Insider Secrets: What You Need to Know!
Просмотров 77 тыс.4 месяца назад
Former IRS Agent Spills Insider Secrets: What You Need to Know!
Is the U.S. Out of Gold? Why You Should Be Worried
Просмотров 68 тыс.4 месяца назад
Is the U.S. Out of Gold? Why You Should Be Worried
The New Gold Rush: Are You Missing Out on Record Highs?
Просмотров 1,8 тыс.4 месяца назад
The New Gold Rush: Are You Missing Out on Record Highs?
US Election 2024: Trump vs Harris (Their Tax Plans Could WRECK You)
Просмотров 8135 месяцев назад
US Election 2024: Trump vs Harris (Their Tax Plans Could WRECK You)
The Greatest Investment Opportunity But Why I’m Avoiding It
Просмотров 39 тыс.5 месяцев назад
The Greatest Investment Opportunity But Why I’m Avoiding It
IRS UPDATES 2024: IMPORTANT Things You Should Know
Просмотров 2435 месяцев назад
IRS UPDATES 2024: IMPORTANT Things You Should Know
Are We Headed for Another Housing Crisis?
Просмотров 1,2 тыс.5 месяцев назад
Are We Headed for Another Housing Crisis?
IRS Updates 2024: Insider SECRETS Revealed (What You SHOULD KNOW)
Просмотров 4986 месяцев назад
IRS Updates 2024: Insider SECRETS Revealed (What You SHOULD KNOW)
Retail Apocalypse: How Mass Store Closings Will Affect You.
Просмотров 2,2 тыс.6 месяцев назад
Retail Apocalypse: How Mass Store Closings Will Affect You.

Комментарии

  • @ritaahmed355
    @ritaahmed355 Минуту назад

    My biggest concern is how we are going to survive all these financial and political crises, especially the power struggle in the US. The government has really made things difficult for its citizens and we cannot just sit by and suffer the consequences of bad governance🙏...

  • @simon359
    @simon359 2 минуты назад

    Unfortunately, Biden had destroyed the economy before Trump even got in office! But if he wants to save the Republic, he needs to make some hard choices!

  • @oscarwindham6016
    @oscarwindham6016 6 минут назад

    Mr. Lorenzana, I humbly suggest that you are totally missing the point of what is being brought to fruition because you have yet, just like so many other Americans, to accept the fact that we electronically generate we the peoples' $s in order to meet federal expenditures, ever since the 'formal' (we've always done this) adoption of QE2 back in 2009..., over FIFTEEN-YEARS ago, without any real negative consequences, and without the need to have even one cent of federal tax revenue $s being involved. The crux of the matter being that even though we the peoples' electronically generated $s spend exactly the same as we the peoples' forty-hour workweek paycheck $s, it is nonetheless impossible to actually borrow or payback, for that matter (which is to also quote Fed Chairman Powell), we the peoples' electronically generated $s simply because these electronically generated $s are..., electronically generated. AND YES..., it is all just that simple, as far as "The Big Picture" is concerned. With these irrefutable facts thus stated it all adds up to mean that we do NOT actually have a real national debt, just a pretend national debt that is really just our irrelevant federal deficit, as far as the amount whereas exactly what we the peoples' electronically generated $s are being spent on is the real issue. GO DOGE! These facts are the real reason why President Trump and our Congress can, and eventually will eliminate our totally defunct, out totally useless, our totally obsolete federal tax revenue system, it's just that at this time they are having a very difficult time figuring out how to tell we the people after lying to us for all of these years. Then too, there is the loss of the power and the authority of our U. S. hegemony $s, and then there is that really, really big obstacle to telling everyone the truth which is that since we here in the U. S., and in China, by the way, can electronically generate we the peoples' $s in order to meet federal expenditure..., so can every other sovereign nation, it's just that they haven't figured that part out, just yet. When they do..., "Katy, bar the door". My full name is Oscar Dean Windham, and I am the most censored, the most suppressed scrivener/author in the entire world because I comment publicly, like this, about the fact that we do indeed now routinely electronically generate we the peoples' $s in order to keep our federal government's lights on, so to speak. AND..., and you can be absolutely certain that President Trump, along with all of our top tier federal officials, both elected and appointed, and on both sides of the political aisle, are every bit as aware of the reality of this Equity Spending (ES) process as I am..., 100% guaranteed!

  • @MyThai1612
    @MyThai1612 8 минут назад

    All channels and all signs are going to a Giga-Crash! Soft landing is a illusion from dreamers like Powell. Printing money. Lower the interests. What a old boring story! Everyone lying and manipulating the market. Fiat is dead! The crypto getting hittet. It is also a bubble. Something not existing. But okay. The Brits LBMA is also megainvolved. Now we will see how many once’s left in them vault when they must handout paper gold. Every fraud comes to daylight and is like a boomerang or karma. It is coming back now! Specially for the western hemisphere. The east is massiv prepared😉 And we will look what happens. Revaluation is in many mouthes now. From 10k, 15, 20 to 25k $/oz. It is the only way which can help the planet. But the US never come back anymore!😎

  • @professork5634
    @professork5634 31 минуту назад

    Dollar is overcooked, China will emerge as the new leader. Hold swiss francs on hand, iso20022 cryptos, buy precious metals and store overseas in Asia, go off grid.

  • @jennaweiss6019
    @jennaweiss6019 11 часов назад

    How the heck can all of this be a coincidence?

  • @ervinmq1955
    @ervinmq1955 14 часов назад

    Hello Noel... Thanks for this good info. PayPal just sended me a 1099-k form. However I leave overseas, I'm not working in the US. or a US based company.. So how do I manage to file this 1099-k form from where I'm at?? Any suggestions or ideas in how to deal with this, it will be very appreciated.... God Bless.

    • @NoelLorenzanaCPA
      @NoelLorenzanaCPA 13 часов назад

      You can use an online service like TurboTax to file your tax return. Best of luck!

    • @ervinmq1955
      @ervinmq1955 13 часов назад

      @NoelLorenzanaCPA Thanks for the info.

    • @NoelLorenzanaCPA
      @NoelLorenzanaCPA 10 часов назад

      You're Welcome! :)

  • @appleyardjr267
    @appleyardjr267 14 часов назад

    It was said around 2016 he would end up reelected and end up the last president then that's when the antiii chriissst reveals himself. Even weeks in and everythings all lining up for the reveal. Gonna end up with chaos, collapse, digital dollar then mark and all for agenda twnety30 (2030)

  • @TashaHuntley
    @TashaHuntley 15 часов назад

    God will decide if trump is the last president.

  • @pablooso1941
    @pablooso1941 15 часов назад

    Actually yes

  • @SanSooRayRay
    @SanSooRayRay 20 часов назад

    Salamat po, 2/6/25, 😂 used the 1st method & talked to a live agent within 3 minutes 🙏🤙

  • @anthonygrau2506
    @anthonygrau2506 23 часа назад

    Actually a factor of respect in the end there's something already know countries are not the same an unknown when it happens is America will be in one of those countries! We will not be known as America but we will be part of history under one of 7

  • @UnKnown-v9m2o
    @UnKnown-v9m2o День назад

    Now, I have to ask myself why anyone would upload a video with a title like this one. Are you trying to plant a seed of doubt in people's minds about the dollar? If this ever happened, it would mean the end of all economies as the dollar is the world reserve currency. This would not be allowed to happen. Sure these have happened in other countries but for good reason. The comparisons are totally unfair and not realistic. This is fearmongering at its best.

  • @alleyjoy2307
    @alleyjoy2307 День назад

    Thank you, very helpful

  • @ashkanrmp7442
    @ashkanrmp7442 День назад

    Our life is on Loop

  • @anthonygrau2506
    @anthonygrau2506 День назад

    Your only talking about a few books that has been around for a century, which an see in the months ahead because you're about to see what a Parallel universe is

  • @rimatanluhur6064
    @rimatanluhur6064 День назад

    you wrong.

  • @mariecait
    @mariecait День назад

    Freemasons control the world. The Simpsons predicted Trump because the creator is a Freemason. Biden became a 33rd degree Freemason day after Trumps inauguration.

  • @gamer-uv8ls
    @gamer-uv8ls День назад

    Trump is the last president. Once there is a peace agreement in the middle east . We have 7 years till KING JESUS COMES BACK. REPENT EVERYONE AND COME TO JESUS

  • @elribeiro2240
    @elribeiro2240 День назад

    Could you do a video on “ The Mars Project", a 1953 book written by renowned German rocket scientist Wernher von Braun. The text claims the book predicted that Mars' leader would be called "Elon."

  • @djfriedice7754
    @djfriedice7754 День назад

    I am not a CPA or tax lawyer. You should always consult a licensed CPA on the topic of 1099 and 1099k. For those asking or confused on receiving a 1099k from ebay that are selling used, personal items that you are taking a loss on doesn't mean you have to pay taxes on those amounts. For example, if you sold personal items in 2024 (used clothes, used toys, used electronics, etc) on ebay and it totaled $5000, you will be notified that a 1099k form is ready for you. Ebay still generates a 1099k, regardless if you sold below the IRS threshold that year. When you file this on your taxes, you can identify the items that you took a monetary loss on. You can also identify your expenses for selling the items (shipping costs, packing materials, etc). The IRS typically (again, typically, but there are different tax rules for selling personal items like cars, RV's, homes, boats, motorcycles, etc) doesn't tax you on those types of sales. However, you're supposed to file them on "good faith", regardless if it is below the IRS threshold. Again, this is for personal items sold at a loss. If you don't file the 1099k form that cover these items, the IRS may come asking. But, as long as you have receipts and justifications for the items, you'll be ok. You will just have to deal with the inconvenience of being audited. Some people do not file the 1099k form for personal items sold and deal with the IRS later, if they come calling (audit). IRS is looking for small businesses, LLC's, ebay sellers that are selling products and services that are at a gain/profit. And typically those will always be over the IRS threshold, mostly. Again, i am not a CPA or tax lawyer. You should always consult a licensed and reputable CPA or tax lawyer.

  • @whalesequence
    @whalesequence День назад

    Guess it's time to get off ebay and go cash only from here on out

  • @Lolsweetamazone123.
    @Lolsweetamazone123. День назад

    “BARON TRUMP” literally

  • @highseasdrifter7885
    @highseasdrifter7885 День назад

    The global north or western countries are indebted beyaond return. This is why the global south is turning to the BRICS. They are the producer's and leading the worlds growth. The colonizing giants can no longer pillage smaller countries so collapse is inevitable. Notice all the western talk of siezing, sanctoning, limiting and out right invasion.

  • @emki542
    @emki542 2 дня назад

    Last president of the corporation. The first president of the new Republic. 🎉🎉

  • @chiphazzard8173
    @chiphazzard8173 2 дня назад

    Hes currently takin the chess board and throwing it at a wall😂, im here for it, i voted for it, we NEED it.

  • @ceciliomartinez4292
    @ceciliomartinez4292 2 дня назад

    Noel I received a 1099-K showing on 1A for 7686.02, but I only received 5,431.90 from Ticketmaster. I called Ticketmaster and was advised they are required to show the total gross on 1a which includes all fees the seller was charged and also the fees that buyer paid. So what is happening here is the Money I received does not match the total on 1a. hopefully the tax app will explain???? I heard you say make sure the Money received should match 1a?

    • @NoelLorenzanaCPA
      @NoelLorenzanaCPA День назад

      Yes, the gross amount should be what you report on your tax return on the top line. This helps to prevent IRS matching errors. If applicable, list out and deduct your expenses to get to the true 'net figure'. Make sense?

  • @jacobblue1985
    @jacobblue1985 2 дня назад

    Trump when elected the first time was 70yrs, 7 months and 7 days old. I didn't believe it until I did the math myself. Its true

  • @lesblase3667
    @lesblase3667 2 дня назад

    So imagine the Bible then. Thousands & thousands of years old. Yet it predicts the last days like nothing else

  • @squarewheel142
    @squarewheel142 2 дня назад

    IMHO No inflation should be on the backs of the people, not even 2%.

  • @susanbuchser418
    @susanbuchser418 2 дня назад

    He read the book

  • @susanbuchser418
    @susanbuchser418 2 дня назад

    It could also be that Donald Trump read the book and then is making it come true. Maybe it's from one of his ancestors, so he already knew about it. Come on, let's take the mystery out of this. Don't be so stupid

  • @josephstupar3372
    @josephstupar3372 2 дня назад

    No MMT it’ll be fine.

  • @dapperlygrungy3189
    @dapperlygrungy3189 2 дня назад

    I already know what's to come. Politicians are all liars. That's all I need to know.

  • @lovegod949
    @lovegod949 2 дня назад

    😢There will be a new virus worse, then CV soon gets your heart right with god bc he said only with the cover of pryer, can you survive this

  • @brittanyperkins1932
    @brittanyperkins1932 2 дня назад

    Thanks. This still works. ❤

    • @NoelLorenzanaCPA
      @NoelLorenzanaCPA 10 часов назад

      You're welcome! And thank you for the feedback! :)

  • @kellysmith6909
    @kellysmith6909 3 дня назад

    What do you think about a resource-based economy?

    • @NoelLorenzanaCPA
      @NoelLorenzanaCPA 2 дня назад

      A future where resources are shared and managed efficiently, sounds good to me. But practical challenges would make it difficult to implement.

  • @aschreil
    @aschreil 3 дня назад

    Gold and Silver

    • @natashadickson4819
      @natashadickson4819 2 дня назад

      And cryptos.

    • @Justice-r9k
      @Justice-r9k 2 дня назад

      What are all these gonna be measured bye when currency falls you gonna chip a chunk off and that's ten dollars . Morons educated morons

  • @AnthonyTolhurst-dw1nc
    @AnthonyTolhurst-dw1nc 3 дня назад

    Collapse just around the corner. This year? Certainly next!

  • @BryanGaston-y7z
    @BryanGaston-y7z 3 дня назад

    There's also another book about Elon musk Being chosen as a leader of Mars not want to check it out in parallel the two

  • @BryanGaston-y7z
    @BryanGaston-y7z 3 дня назад

    Yeah I've been wanting to check this book out bravo

  • @garyries2036
    @garyries2036 3 дня назад

    What if the gross income on the 1099-k is wrong. Live Nation Worldwide, Inc. the parent company of Ticketmaster LLC put the income that Ticketmaster made on the sale of my tickets as my gross income when it was Ticketmaster's income. Example, list ticket on Ticketmaster for $100. Ticketmaster's payment to me is minus 10% or $90. The ticket I list for $100, the buyer pays $121. I don't see any of that money. The $10, plus the $21 that Ticketmaster's is making, is for some reason included as my gross income. IT IS NOT. My gross is what is sent to my bank account $90, and if the ticket cost me $50, then my net is $40. My bank records prove that the 1099-k gross income is a lie.

  • @novelist99
    @novelist99 3 дня назад

    It's about to happen.

  • @4theFaith
    @4theFaith 3 дня назад

    Why was Trump the last president in the book?? What happened?

  • @smakarl0
    @smakarl0 3 дня назад

    Realated: compared to the 60s, the USA dollar is worth 1/20th (5 cents). So is it almost worthless?

  • @redcronojm
    @redcronojm 3 дня назад

    Baron Trump might be last president that be 20 years from now. We are gonna be Invaded from Aliens from outer space or we have to evacuate to Mars thanks to Elon.

  • @dariopiga7935
    @dariopiga7935 3 дня назад

    The dollar no value? It looks that rupees are in trouble! What is going on with the Brics plans?

  • @jsmg74
    @jsmg74 3 дня назад

    I was with you, up until you never mentioned HOW US SANCTIONS MAKE THIS COUNTRIES POOR. Us control the money supply of the world & you didn’t say anything up 4 min in