The John T Show: Recent Episodes
John Tripolsky
Trialing our new podcasting tools. Cover art photo provided by rawpixel on Unsplash: https://unsplash.com/@rawpixel
Put your game face on and get ready for a financial game-changer in this episode!
Join us as we sit down with Chris Picciurro, Founder of Teaching Tax Flow and a seasoned expert with over 20 years of experience running a thriving private CPA practice. Chris will be our guide as we delve into the crucial world of Q4 tax planning.
As the year comes to a close, the importance of effective tax planning cannot be overstated. Chris shares his wealth of knowledge on strategic tax-saving opportunities and financial strategies that can make a significant impact on your financial well-being. Whether you're a business owner, an individual taxpayer, or simply someone looking to optimize your financial situation, this episode is packed with actionable insights.
Don't miss this opportunity to learn from a true financial guru. Tune in and gear up for a game-changing Q4 as Chris Picciurro empowers you to take control of your financial future.
It's time to level up your tax planning game!
Sign up for your FREE Teaching Tax Flow Basic Membership Today!
https://teachingtaxflow.com/membership
- Access to all TTF Courses
- Access to Resources
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- Did we mention, it's currently FREE?
Suggested Podcast:
19: Building Your Personal Board of Directors
Episode Sponsor:
Integrated Investment Group
www.integratedig.com
Dive into the intricate world of S Corporations in this illuminating episode!
Business structures can be puzzling, but understanding them is crucial for entrepreneurs and seasoned business owners alike. In this episode, we demystify the S Corporation, delving deep into its unique benefits, qualification criteria, tax implications, and why some businesses prefer it over other structures.
Whether you're considering setting up an S Corporation or just curious about its workings, this episode is your essential guide to grasping the basics.
Join us, and let's decode the S Corporation together!
Teaching Tax Flow Course:www.teachingtaxflow.com/courses/s-corporation-basics
Episode Sponsor:
The Mortgage Shop
www.mortgage.shop
Note: The information provided on this podcast is for educational purposes only. Please consult a certified tax professional or financial advisor for personalized advice regarding your specific financial situation.
In this episode, we dive deep into the world of personal finances for our younger folks. It's never too early to start, and the financial decisions you make in your teens can have a profound impact on your future wealth. But it's not just about saving; it's about understanding the system and using it to your advantage.
Special guest Dave Alger, from the popular podcast "Save Like Dave," joins us to share his top tips and tricks. Together, we’ll explore how young adults can not only develop strong saving habits early on but also strategically navigate the tax landscape to maximize their earnings in the long run. Whether you're a teen eager to get ahead or a parent hoping to guide your child, this episode is packed with actionable advice you won't want to miss. Join us and embark on a journey to financial freedom!
Guest:Dave Alger
Podcast: www.savelikedave.com
Episode Sponsor:
Strategic Associates, LLC
Roger Roundywww.linkedin.com/in/roger-roundy-86887b23
Jump into the world of home lending with us in this comprehensive episode as we welcome back Brenna Carles from The Mortgage Shop. A seasoned mortgage broker, Brenna offers detailed insights into the home lending process, specifically designed to empower first-time buyers.
Brenna guides us through the maze of mortgage loans, detailing the key factors every first-time homebuyer needs to be aware of. We discuss everything from understanding credit scores, and the nuances of the pre-approval process, to selecting the best mortgage terms.
What's more, we explore the critical, yet often overlooked, role of tax planning in the home lending world. Brenna underscores the importance of financial foresight and how strategic tax planning can shape your mortgage experience, from loan approval to monthly payments.
Whether you're on the verge of purchasing your first home or simply interested in the home-buying process, this episode of 'Mortgage Prep 101' promises to equip you with valuable knowledge and practical tips. Join us as we demystify mortgages and provide you with the tools to make your home-buying journey a smoother ride.
Resources:
Mortgage Prep 101
Lending Application
Guests:Brenna Carles
The Mortgage Shop
www.linkedin.com/in/brennacarles
Episode Sponsor:
REPStracker
https://repstracker.com/affiliate/teachingtaxflow (CODE: IFG)
Note: The information provided on this podcast is for educational purposes only. Please consult a certified tax professional or financial advisor for personalized advice regarding your specific financial situation.
In this eye-opening episode, we delve into the dark world of scams targeting US taxpayers and explore the deceitful tactics employed by scammers impersonating the Internal Revenue Service (IRS).
In the world we live in today, taxpayers must remain vigilant against the surge of fraudulent activities that prey on vulnerability and fear. Our experts shed light on the various scams that have emerged recently and discuss how scammers exploit taxpayers' concerns to steal sensitive information and hard-earned money.
Join us as we dissect real-life cases of IRS impersonation and provide practical tips to help listeners safeguard themselves from falling victim to these cunning schemes. From phishing emails and phone calls to fake IRS websites, we unravel the elaborate web of deception woven by scammers and equip our audience with the knowledge they need to spot and report fraudulent activities.
Stay informed, stay protected, and tune in to this crucial "Mid-Year IRS Update" to arm yourself with the necessary knowledge and tools to outsmart scammers and safeguard your financial well-being. Don't let fear or uncertainty dictate your actions; empower yourself with knowledge and take charge of your financial security.
Note: The information provided on this podcast is for educational purposes only. Please consult a certified tax professional or financial advisor for personalized advice regarding your specific financial situation.
Tired of paying exorbitant state taxes? Want to discover the best-kept secrets for saving big on your tax bill? Join us on this episode, where we dive deep into the intriguing world of "State Residency Tax Planning."
In this captivating installment, we unravel the mysteries surrounding state residency and its direct impact on your tax liabilities. Prepare to be amazed as we explore which states emerge as unsuspecting tax havens, offering incredible opportunities for substantial tax savings.
You'll learn the ins and outs of state tax laws, uncovering crucial nuances that could make all the difference between a hefty tax burden and substantial tax breaks.
But wait, it's not all about dry tax codes and complicated jargon! Prepare to be entertained as we share some surprising and entertaining examples of individuals who've leveraged state residency tax planning to their advantage. From quirky tales of famous personalities to everyday heroes who've cracked the code, you'll be captivated by their ingenious methods and the impressive savings they've achieved.
Throughout the episode, we discuss the criteria for choosing the perfect state to call home from a tax perspective. What states offer zero income tax? Which ones have attractive deductions and credits? Can relocating even save you from paying certain taxes altogether? We've got the answers you've been seeking!
Whether you're a young professional, an aspiring entrepreneur, or a seasoned retiree, this episode has something invaluable to offer. Don't miss out on this opportunity to gain expert insights and untapped knowledge that could revolutionize your financial future.
Tune in as we unravel the fascinating world of State Residency Tax Planning. Get ready to be informed, inspired, and entertained by the remarkable stories of those who've cracked the tax-saving code! Let's navigate the twists and turns of state tax laws together and embark on a journey towards a more financially secure tomorrow.
Resource:
TaxFoundation.org
Episode Sponsor:
The Mortgage Shop
www.mortgage.shop
Note: The information provided on this podcast is for educational purposes only. Please consult a certified tax professional or financial advisor for personalized advice regarding your specific financial situation.
In this episode, we jump into the world of multi-member limited liability companies (LLCs) and explore their fundamental aspects. Building upon our previous episode on single-member LLCs, we embark on a comprehensive discussion on the intricacies of multi-member LLCs, entity formation, tax returns, and when they make sense (and do not) as a business structure.
Join us as we unravel the advantages and considerations associated with multi-member LLCs. We begin by clarifying the concept of multi-member LLCs, explaining how they differ from their single-member counterparts and other business entities. We delve into the importance of selecting the appropriate ownership structure and the benefits it can offer, such as liability protection and flexibility.
Understanding the potential tax implications of multi-member LLCs is crucial for entrepreneurs and investors alike. We break down the tax treatment of multi-member LLCs, highlighting filing deadlines, credit, etc.
Whether you're a business owner, investor, or simply curious about the intricacies of multi-member LLCs, this episode is a must-listen. By the end, you'll have a solid understanding of the basics, benefits, and considerations surrounding multi-member LLCs, empowering you to navigate the world of entity formation and taxation with confidence.
Don't forget to tune in to Episode #2, "Talking Single Member LLCs," for a comprehensive foundation on single-member LLCs, which serves as a valuable precursor to this discussion.
Resource:
Form 1065 (2022)
Episode Sponsor:
REPStracker
https://repstracker.com/affiliate/teachingtaxflow (CODE: IFG)
Note: The information provided on this podcast is for educational purposes only. Please consult a certified tax professional or financial advisor for personalized advice regarding your specific financial situation.
Join us for this episode of swapping “IRS War Stories" as we dive into the fascinating world of tax audits and share captivating tales of triumph, challenges, and the ever-evolving landscape of IRS battles. Our special guest, Andrew Poulos, the esteemed founder of Poulos Accounting & Consulting, Inc., brings decades of experience and expertise to the table.
In this episode, Andrew and Chris take us behind the scenes of some of their most thrilling encounters with the Internal Revenue Service. As trusted advisors to countless individuals and businesses, these guys have seen it all, from the complexities of tax law to the nuances of IRS investigations.
Throughout the episode, we'll explore common misconceptions about tax audits, unveil strategies for maintaining compliance, and unravel the secrets to a successful resolution of tax disputes. Poulos draws from his vast experience to offer practical advice on proactive tax planning, record-keeping, and communication with the IRS. Whether you're an aspiring entrepreneur, a seasoned taxpayer, or simply curious about the inner workings of the IRS, this episode is packed with invaluable information.
Get ready for an informative, entertaining, and eye-opening conversation where you'll gain a new perspective on the tax system and the challenges it poses for individuals and businesses alike. Don't miss this chance to glean insights from an expert who has weathered the IRS storm countless times and emerged victorious.
Guests:Andrew Poulos
www.linkedin.com/in/andrewpoulos
Episode Sponsor:
Legacy Lock
www.teachingtaxflow.com/legacy
Note: The information provided on this podcast is for educational purposes only. Please consult a certified tax professional or financial advisor for personalized advice regarding your specific financial situation.
In this eye-opening episode, we jump into the world of tax-free earnings and uncover some fascinating strategies that can help you potentially earn up to $500,000 without paying a dime in taxes. Join us as we unravel the secrets behind these lucrative opportunities and shed light on how you can leverage them to maximize your financial growth.
We pick the brain of our founder and tax wizard, Chris Picciurro, on many lesser-known methods that can legally and ethically enable you to optimize your earnings while minimizing your tax liability. From investment strategies to residency planning, we explore various avenues that can potentially lead to substantial tax-free income.
Throughout the episode, we demystify the common misconceptions surrounding tax laws and provide actionable insights to help you navigate the complex landscape of tax-free earnings. We discuss the importance of proper tax planning, highlighting key factors to consider when embarking on these ventures.
Whether you're an aspiring entrepreneur, an experienced investor, or simply curious about the possibilities, this episode will equip you with knowledge and ideas that could transform your financial trajectory. Get ready to learn about innovative approaches to wealth creation and discover how you can take advantage of tax-free opportunities to reach new heights of financial success.
It’s time to unlock your financial potential. Remember, with the right strategies and expert guidance, you too can aim for a tax-free income of up to $500,000.
Episode Sponsor:
The Mortgage Shop
www.mortgage.shop
Note: The information provided on this podcast is for educational purposes only. Please consult a certified tax professional or financial advisor for personalized advice regarding your specific financial situation.
Congratulations! You've won a life-changing $1,000,000, but what comes next?
This episode explores the exciting world of managing your newfound wealth while minimizing unnecessary taxes.
Join us as we guide you through expert strategies and practical advice on how to hold onto as much of your earnings as possible. While we won't be sharing tips on winning the lottery or sweepstakes, we'll dive deep into the crucial steps to protect your windfall and maximize its long-term value.
With real-life stories and cautionary tales, we offer valuable insights into the potential pitfalls that can arise from sudden wealth. Uncover the importance of building a solid financial team and leveraging their expertise to make informed decisions.
So, if you've recently struck it big or simply dream of what you would do if you won the lottery, this episode is a must-listen. Tune in and empower yourself with the knowledge and tools needed to secure your financial future and avoid unnecessary expenses when it comes to taxes.
Resources:
These States Allow Powerball Winners To Claim Prizes Anonymously
Episode Sponsor:
Strategic Associates, LLC
Roger Roundywww.linkedin.com/in/roger-roundy-86887b23
Join the Teaching Tax Flow team in this episode as we jump into the intricacies of revocable living trusts and offer valuable insights on asset allocation. Discovering the best assets to include in your trust and gaining clarity on those that may not be ideal candidates will help maximize the benefits of this powerful estate planning tool.
In this episode, we break down the benefits of a revocable living trust, highlighting its flexibility and ability to avoid probate!
From real estate and financial accounts to valuable personal property, you'll gain an understanding of the assets that can be protected and efficiently managed through this trust.
Whether you're just starting to explore the opportunity of setting up a trust or seeking to refine your existing estate plan, this episode equips you with the knowledge to make informed decisions about your assets today for a better tomorrow. Not to mention, your beneficiaries will thank you!
Partner Offer:
www.teachingtaxflow.com/legacy
$200 Discount Code Inside!
Episode Sponsor:
REPStracker
https://repstracker.com/affiliate/teachingtaxflow (CODE: IFG)
In this inspiring episode, we have the privilege of sitting down with Kenyata Moore, a true champion for empowering individuals through education and financial literacy. Join us as we delve into Kenyata's personal journey and discover how her past experiences have fueled her unwavering passion for helping others.
From the very beginning, Kenyata shares her motivations and passions. Drawing from her past experiences in life and business, she firmly believes that education is the key to empowering individuals to take control of their financial future.
Throughout the conversation, Kenyata opens up about some challenges she faced and how they shaped her perspective on the importance of financial literacy. She explains how her personal experiences, both good and bad, have fueled her desire to make a positive impact on the lives of others. Her dedication to helping people overcome financial hurdles shines through as she shares practical tips and strategies to improve overall well-being.
Moreover, we explore Kenyata's deep-rooted belief that education should be accessible to all, regardless of background or socioeconomic status. She discusses her efforts to bridge the educational gap and provide resources that empower individuals to make informed financial decisions.
Tune in to this enlightening episode as we delve into the powerful message that Kenyata Moore embodies: through education and financial literacy, we can all create a brighter future for ourselves and our communities. Prepare to be inspired, motivated, and equipped with the tools to take charge of your financial well-being.
Don't miss this engaging conversation with Kenyata Moore, a trailblazer in the realm of education and financial empowerment.
Guests:Kenyata Moore
www.linkedin.com/in/kenyata-moore
Episode Sponsor:
Legacy Lock
www.teachingtaxflow.com/legacy
This episode will discuss the importance of choosing the best tax professional for your specific needs. We'll dive into the importance of assessing the various elements that make them the best fit, such as technology utilized for communication and file sharing, client data security, tax prep style, and much more. Additionally, we'll highlight some things to watch out for. Better know the “red flags”.
By the end of this episode, you’ll be equipped with the necessary knowledge to make an informed decision when choosing a tax professional to ensure you receive the best possible outcome for your tax situation.
You may already have the best team in place already!
Episode Hosts & Guests:
Christopher Picciurro, CPA, MBA, PFS, ARA
John Tripolsky
Episode Sponsor: Spotify for Podcasters
Episode Resources:
www.micpa.org/resources/resources-for-taxpayers
In this episode, we sit down with Scott Maurer of Advanta IRA to discuss Self-Directed Individual Retirement Accounts (IRAs).
Scott has over a decade of experience in the self-directed retirement industry. In this episode, he shares his expertise on the basics of Self-Directed IRAs, the types of investments you can make with them, and how they differ from traditional IRAs.
We start by asking Scott to explain a Self-Directed IRA and how it differs from a traditional IRA. He goes on to explain that Self-Directed IRAs allow you to invest in a wide range of assets beyond the typical stocks, bonds, and mutual funds that traditional IRA custodians offer. With a Self-Directed IRA, you may be able to invest in alternative assets such as real estate, private equity, private debt, precious metals, and more.
Scott also shares some of the most popular investments with Self-Directed IRAs, including real estate and more.
Overall, this episode is a must-listen for anyone interested in learning more about Self-Directed IRAs and how they can be used to diversify your retirement portfolio. So, join us for this informative discussion with Scott Maurer.
Episode Guest:
Scott Maurer, CISP
Advanta IRA
Director of Business Development
P: 800-425-0653 or 727-581-9853 x1123
SMaurer@AdvantaIRA.com
AdvantaIRA.com
Episode Sponsor:
Legacy Lock (www.teachingtaxflow.com/legacy)
In this episode, we dive into what we consider PIGs, how they work, and why they are essential for building long-term wealth. We'll discuss different types of Passive Income Generators and how they are part of a rock-solid tax strategy.
By the end of this episode, you will better understand PIGs, how to create passive income, and how to start hunting them down to build your own portfolio.
Let’s be honest; we couldn’t resist dropping in a few pig jokes.
In this episode, we spotlight the market in Fort Walton Beach, Florida with our guest, Heather Blatz.
Heather is a seasoned real estate professional with years of experience in the local market. She provides insights into the growth and development of the area and how it has impacted the housing market. We discuss the investment opportunities available in Fort Walton Beach, including the various types of properties available and the potential for appreciation. Heather shares her expertise on the current state of the market, including inventory levels, pricing trends, and the overall outlook for investors.
We also delve into the unique features of the Fort Walton Beach market, such as its proximity to beautiful beaches and a thriving military community. Heather provides advice on navigating the market and capitalizing on the opportunities available. Whether you're a seasoned real estate investor or just getting started, this episode is a must-listen for anyone interested in the Fort Walton Beach market. Heather's insights and experience provide valuable information for anyone looking to invest wisely in this growing area.
http://www.heatherblatz.com
http://www.reignwf.com
In this episode, we're going to discuss a concept that can transform the way you approach your personal and professional life: building your personal board of directors.
Just like a company has a board of directors to provide guidance and support, you can also create your own board of advisors who can offer valuable insights, advice, and accountability. These individuals can come from various backgrounds, including family members, friends, mentors, colleagues, and industry experts. We'll dive into the benefits of having a personal board of directors, such as gaining new perspectives, expanding your network, and receiving support and encouragement.
We'll also explore how to identify the right individuals for your board and how to approach them to request their support. Listen in and be sure to take down some notes as you are provided tips for building solid relationships with your board members and establishing clear expectations for how they can help you achieve your goals. Plus, we'll cover how to maintain these relationships and keep your board engaged and invested in your success. There is even a little challenge at the end that you won’t want to miss!
Check this recent article out! http://bit.ly/3StlLIq
In this episode, we are joined by Heidi Henderson and Stacy Deru from Engineered Tax Service aswe discuss the Employee Retention Tax Credit (ERTC). The ERTC is a significant credit offered to businesses to mitigate some of the damages caused by the COVID-19 pandemic. However, not all businesses are eligible for this credit, and it's crucial to understand the criteria that need to be met for this credit.
We take a deep dive into the ethical qualification of the ERTC and discuss the specific criteria businesses must meet to be eligible for this credit, including the size of the business, revenue loss, and the number of employees.
We will also explore the importance of understanding the regulations surrounding the ERTC to ensure that businesses do not take advantage of this credit.
Whether you're a business owner or an employee, this episode is a must-listen if you want to better understand the ERTC and its ethical implications. Tune in to learn how to navigate the ERTC regulations and how to ensure that you qualify for this credit while staying compliant with the guidelines. Don't miss this informative and insightful episode.
Engineered Tax Services
www.engineeredtaxservices.com
In this episode, we jump into the basics of home office deductions and what you need to know to get started.
We'll review the IRS requirements for claiming home office deductions, including the two main methods for calculating your expenses: the simplified method and the actual expense method. We'll also discuss the eligibility criteria for claiming home office deductions, such as the requirement that your home office must be used exclusively and regularly for business purposes.
Additionally, we'll touch on some of the common expenses that are eligible for home office deductions, such as rent or mortgage interest, utilities, and repairs. We'll also provide some tips for keeping accurate records of your expenses and making sure you have the necessary documentation in case of an audit.
Whether you're a new home-based worker or a seasoned entrepreneur, this episode is a great starting point for understanding the basics of home office deductions. So tune in now and learn how you can save on your taxes!
"The Value of a Home Office Deduction: A Guide for Business Owners": http://bit.ly/3IchQfo
IRS Form 8829: www.irs.gov/pub/irs-pdf/f8829.pdf
IRS Publication 587: www.irs.gov/forms-pubs/about-publication-587
In this episode, John Tripolsky (VP of Marketing) and Nate Hamil (VP of Member Engagement) delve into the driving forces behind TTF. They share their personal journeys that led them to join the TTF team and provide insights into the team's efforts to create a comprehensive ecosystem of tax knowledge and endless resources. With a focus on bringing clarity and confidence to individuals relating to taxes, this episode offers plenty of exciting teasers of what's to come for TTF members.
Get ready to peel back another layer of the onion as we dive into the heart of Teaching Tax Flow.
Episode Sponsor:REPStracker / https://repstracker.com/affiliate/teachingtaxflow (CODE: IFG)
Private Facebook Group: www.DefeatingTaxes.com
In this episode, we'll be diving into the topic of the gig economy. You may have heard the term thrown around, but what exactly is the gig economy, and who are the people that make it up? Whether you're a gig worker yourself or just curious about this growing trend, this episode is for you. Tune in to learn more about this topic and just how important it is to know ways your tax situation may be impacted.
Episode Sponsor: Strategic Associates (Roger Roundy) / www.strategicag.net / (801) 641-2956
Resource Link: www.irs.gov/businesses/gig-economy-tax-center
Mini-Lesson: www.teachingtaxflow.com/offers/zRj4YZFh/checkout
Private Facebook Group: www.DefeatingTaxes.com
It’s not always detrimental when an IRS notice (Love Letter) hits your mailbox.
Beyond having the courage to open the envelope RIGHT AWAY, some strategies can be deployed to keep Darth Vadar (the IRS) out of your nightmares and further dipping into your piggy bank. With some significant changes coming to the IRS regarding hiring, they have now been armed with funding to increase their bandwidth drastically. What does this mean for you and other taxpayers?
In this episode, the well-respected and well know Andrew Poulos joins us to discuss what we may be able to predict with the IRS and some insight into how notices make their way to you (or don't at times).
JUST LAUNCHED: We now have a private (FREE) Facebook Group titled “Defeating Taxes”. Join us now!
https://www.facebook.com/groups/defeatingtaxes
Ever wonder if it’s really worth your time hosting a garage sale?
Did you know that you can potentially utilize gambling losses to decrease your personal federal taxable income?
In this episode, we discuss a question asked by a member of Teaching Tax Flow. Listen to this conversation before scrambling to collect all those 2022 donation slips from your desk drawer and vehicle glove box.
* JUST LAUNCHED ***
A private Facebook group (Defeating Taxes) was built for our audience and members.
Check it out and join today for endless tax tips and conversations > www.facebook.com/groups/defeatingtaxes
How important is obtaining and maintaining Real Estate Professional Status (REPS)?
The simple answer in most cases is VERY much so.
Listen to this great episode as Kirsten Limmer, Founder of REPs Tracker joins us to discuss what drove the development of their app and how to best track the time spent managing your properties.
If you’re not logging your time, you will want to after this. In doing so, the tax benefits can be out of this world!
Want a discount on REPs Tracker?
https://repstracker.com/affiliate/teachingtaxflow
CODE: IFG
Well, that’s a wrap for 2022. However, it’s NOT too late for you to take advantage of some year-end tax strategies. This diagnosis is by far the most underutilized of those we’ve discussed in the past few episodes.
Here are a few notes to mention regarding a Gold Diagnosis:
- These be done in 2023 and still count for 2022
- Basic and relatively easy to execute in the next few days!
- Our favorite is a Section 529 Plan Contribution (which can be done rapidly)
The higher your MTR, the more you will likely benefit from this.
Visit www.teachingtaxflow.com/podcast to share your episode ideas.
Is your current marginal tax rate (MTR) higher than your future projected rate? In this episode, we discuss our favorite color (purple) but also how this type of year-end strategy may be overused by some individuals.
Without giving away all the details, we dive into Tax Deferral. Who doesn’t like the sound of that?
Don’t forget, and be ready for our final color-coded diagnosis (Gold) episode on the books for next week.
Visit www.teachingtaxflow.com/podcast to share your episode ideas.
We’re back at it with year-end strategies. This week we jumped into what makes up a green diagnosis (roughly 20% or lower MTR), which is commonly the lesser known to many taxpayers. Listen closely as we convince Chris to disclose his favorite green diagnosis tax prescription for year-end.
Over the next two weeks, as we wave goodbye to 2022, we will be covering each of the final diagnoses (Purple and Gold). Also, be sure to listen back to episode 8, when we covered a red diagnosis.
Visit www.teachingtaxflow.com/podcast to share your episode ideas.
With the New Year around the corner, we begin our dive into the Teaching Tax Flow color-coded diagnoses. In this episode specifically, we discuss a Red Diagnosis, which commonly pairs with a year-end tax strategy for someone currently, or projecting to be, in a higher marginal tax rate (MTR) of 25% and above.
Remember, this is perfect for an IMMEDIATE one-time tax deduction.
Listen in and be ready to execute. We will be covering the other diagnoses (Green, Purple, and Gold) over the next few weeks.
Visit www.teachingtaxflow.com/podcast to share your episode ideas.
Will you be paying Uncle Sam more or less in the future? While our superpower of knowing exactly what is going to happen is down for maintenance at the moment, we DO know that you hold the power on how much you may be stroking a check for.
Listen in and own your tax strategy.
Visit www.teachingtaxflow.com/podcast to share your episode ideas.
It pays, literally, to have a solid lending partner lined up before and during the search for any investment properties. To drive home the importance of this role a lender fulfills, Brenna M. Carles, The Mortgage Shop CEO and Co-Founder, joins us to talk all things QM (Qualified Mortgages) and DSCR (Debt Service Coverage Ratio).
Whether your Teaching Tax Flow diagnosis is Red, Purple, or Gold, understanding your lending options is critical.
The Mortgage Shop: www.mortgage.shop
Visit www.teachingtaxflow.com/podcast to share your episode ideas.
Is it really as direct as it sounds? Are you familiar with the little-known Wash Sale Rule?
We’re creeping up on the end of the year and there is still limited time to execute this strategy. Of course, it’s important to be aware of when it makes sense and what limitations may be present in your situation.
IRS 2021 Publication 550 (REF: page 56)
Visit www.teachingtaxflow.com/podcast to share your episode ideas.
Tune in for a Panama City Beach, Florida real estate market update with our friend Crystal Ball (yes, that is her legal name) of Investors Gone Wild. Her insight on what to look for and what's hot in the area is key to your next property search.
Investors Gone Wild (Crystal Ball):
www.investshortterm.com
www.facebook.com/InvestorsGoneWildRealty
Visit www.teachingtaxflow.com/podcast to share your episode ideas.
Capital Gains Tax causes many to shed tears at the mere sound of it. Obviously, there are rules and strategies around avoiding having to cut a check for this after the sale of a property. Did you know there are options beyond rolling directly into another property? Listen in and grab your notepad. Your MASSIVE tax savings answers are just beyond this play button.Visit www.teachingtaxflow.com/podcast to share your episode ideas.
Listen in as we discuss single-member LLCs (Limited Liability Companies) from a tax perspective. Do you really need one? What do they offer? Is it worth it? Sometimes it is a perfect fit for your business or investments. Other times, it may not be since there are no federal tax advantages for forming an LLC.
Crank up the volume and grab the notepad. Here's a no-fluff overview of forming an LLC.
Visit www.teachingtaxflow.com/podcast to share your episode ideas.
Are tax rates high now? Will they increase in 25 years? We don't know but it may be time to break the mold in your tax strategy. One of the more common requests we're asked is to compare the differences between tax free and tax deferred strategies. In this episode, we jump right into our gold diagnosis, tax free and growth. Listen in for some knowledge nuggets on these strategies, what they consist of, and a high-level discussion on how to plan their implementation.
Visit www.teachingtaxflow.com/podcast to share your episode ideas.
Welcome to Teaching Tax Flow. In this brief introduction, we're diving into the background of TTF and the mastermind behind it, Chris Picciurro, CPA, MBA, PFS, ARA. After countless conversations and some fresh air, we're now launching this weekly podcast. Our recording calendars are scheduled, mics are on, and we're ready.
Visit www.teachingtaxflow.com/podcast to share your episode ideas we can squeeze in.