The Mark Perlberg CPA Podcast: Recent Episodes
Mark
Real estate, wealth building and tax reduction strategies through the eyes of a CPA and tax strategist.
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We break down why one “big” tax move rarely solves the tax problem for high-income earners, especially when legal limits cap how much any single strategy can do. We lay out how tax strategy stacking works so we can cut taxes now, manage risk, and keep layering savings year after year.
• the hidden limits behind popular write-off strategies like cost segregation and business losses
• the excess business loss limitation and why W-2 earners hit ceilings fast
• attacking AGI first with practical moves like entity structuring and legitimate family payroll
• layering charitable deduction strategies to reduce taxable income after other tactics max out
• using capital loss harvesting to offset major capital gains events
• diversifying tax strategies to hedge audit risk and law changes
• layering year-two upgrades like solar credits on a short-term rental
• deciding what to do with tax savings and adjusting W-2 withholding sooner
Now, if any of this sounds interesting and applicable to you and you're interested on how this may apply, I strongly encourage you to go to https://www.prosperalcpa.com/apply. And there you'll fill out a quick survey, have a conversation with someone on the team, and we will personally share with you what may be possible for you based on your situation when we utilize advanced tax reduction strategies.
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Why does the intangible drilling cost deduction makes oil and gas investing so attractive for high-income earners? Faster write-offs and more control over timing. Learn about the rules, limits, and risks so you can weigh tax savings against real-world investment economics.
• defining IDC versus tangible drilling costs with clear examples
• why prepaid IDC can create a current-year deduction before a well produces
• how working interest can make losses non-passive and usable against W-2 and other income
• why Congress designed these incentives for domestic energy production and jobs
• a $100,000 example showing how year-one deductions can translate into tax savings
• the importance of binding drilling obligations, economic performance, and ethical operators
• why you should not invest for tax savings alone
• how oil and gas can complement real estate loss planning
• future-year tax impact, profit timing, and the depletion allowance
• state conformity differences, including California limits
• potential constraints from AMT and the excess business loss limitation
• year-end planning in Q4 and using deductions to target a better bracket
If at any time you would like to get personalized insight on how this may apply to you and how we could help, I suggest you go to https://www.prosperalcpa.com/apply.
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We break down how certain convenience store and gas station real estate investments can produce a massive first-year tax deduction using 100% bonus depreciation and fund-level leverage. We also map out who can use the losses, what returns can look like, and how to plan for depreciation recapture with smart exit options like DSTs and 1031 exchanges.
• how C-stores can qualify for 100% bonus depreciation when gasoline revenue meets the threshold
• why leverage inside the fund can turn $100,000 of equity into a much larger K-1 tax loss
• how rental losses can offset passive real estate income and other passive income streams
• when Real Estate Professional Status can open up active income and portfolio income planning
• how failed 1031 exchanges and boot can be partially neutralized with the right loss strategy
• what to expect in years two through exit, including projected hold periods and cash-on-cash returns
• how depreciation recapture works and why rolling into a DST can help manage the tax hit
• why DSTs can make sense for passive investors, debt replacement, and diversification by hold period
The way to get a hold of me is first my email is Larry at 1031financial.com.
The firm is 1031financial.com.
And the way to get a hold of Lary directly is 516-350-2643.
*Go to https://www.prosperlcpa.com/apply, and I will send you a personalized video illustrating what may be possible based on your situation.
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We break down depletion allowance, the oil and gas version of depreciation, and show how it can reduce taxes on production income without reducing your actual cash distributions. We also explain why many high-income investors use depletion to improve after-tax yield while keeping an eye on the rules and the real-world limits.
• depletion allowance defined as a deduction tied to shrinking natural resources
• why depletion can increase after-tax cash flow through paper losses
• cost depletion basics using units produced and remaining reserves
• percentage depletion explained as a revenue-based formula
• why percentage depletion can continue beyond original investment
• key limitations in loss years plus rolling unused depletion forward
• working interest versus royalty interest as different investing paths
• what investors see on a K-1 and where it lands on the 1040
• IDC versus depletion, upfront deduction versus ongoing deduction
• example math showing why the effective tax benefit can exceed 15% of cash received
• combining depletion with broader tax planning like real estate losses, charitable planning, cost segregation, Roth timing, and state planning
If you’re interested, you can go to https://www.prosperlcpa.com/apply to learn more.
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Real estate can create cash flow and wealth while lowering taxable income through depreciation, cost segregation, and smarter classification of rental activity. We also flag the traps that hurt first-time investors, especially when chasing write-offs instead of solid deal fundamentals.
• why rental income can avoid FICA while W-2 income cannot
• how depreciation works and why cost segregation accelerates deductions
• what bonus depreciation is and how it can front-load year-one write-offs
• why passive loss rules block many W-2 investors from using losses
• how the 7-day average stay rule can turn short-term rentals into non-passive activity
• what material participation means and how to track hours credibly
• when real estate professional status applies and why it matters for long-term rentals
• a real client example where accelerated depreciation wipes out a large tax bill
• warnings about buying cash-flow negative properties just for tax savings
• entity myths, LLC vs personal ownership, and why deductions are about the business purpose
• S-corp complexity in Tennessee and the impact of franchise and excise tax
• the Augusta rule and self-rental basics for legitimate business use
To see if anything in this podcase or any other tax strategies may apply to you go to https://www.prosperlcpa.com/apply
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Paying almost nothing in taxes sounds like clickbait until you hear how full-time real estate investors actually operate. We sit down with Richard Gamble, a full-time investor with a wide portfolio across rentals, multifamily, and commercial assets, to talk about the real work behind “low tax” results and why the bigger win is building a repeatable system that scales.
We get into the difference between basic tax preparation and real estate tax strategy: year-round planning, constant deal-structure conversations, and the compliance grind that shows up when you have multiple entities, partnership returns, and hundreds of units worth of reporting. We also break down key real estate investing tax tools like Real Estate Professional Status, accelerated depreciation and cost segregation studies, and why you sometimes hold depreciation back so you can use it when it matters most.
Then we go deep on 1031 exchanges and the stress investors feel around hard deadlines, qualified intermediaries, and what can derail a great plan if you start too late. We also talk partnership realities: why you need everything in writing, how to choose partners you can actually work with, and how taxes and state policy can shape where you invest (including lessons from moving out of California and navigating Tennessee nuances). To wrap up, Richard shares what he’s most excited about next in development and how to connect with his My Tribe community.
Subscribe for more practical tax planning and real estate investing conversations, share this with an investor friend, and leave a review with the biggest takeaway you’re applying next.
To learn more about how this topic or any tax reduction strategies may apply go to https://www.prosperlcpa.com/opportunityreport for a free consultation
Or if you're interested in a free tax planning course go to https://www.taxplanningchecklist.com
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We break down how oil and gas working interests and stock portfolios differ when taxes are the real scoreboard, from upfront deductions to long-term rates and liquidity. We walk through depletion, step-up basis, passive loss planning, and the advanced strategies that can turn a big income year into a smarter long-term wealth plan.
• upfront tax deductions from oil and gas working interests and why stocks usually do not offer them in taxable accounts
• how oil and gas losses can offset W-2 income, capital gains, business profits, and even Roth conversions
• why long-term capital gains and qualified dividends often face lower federal tax rates than ordinary income
• depletion allowance basics and how it reduces taxable oil and gas distributions
• step-up in basis and why it can make stocks a powerful legacy asset
• liquidity differences and how borrowing against a stock portfolio can create tax-free access to cash
• using suspended passive losses from real estate to offset oil and gas passive income
• capital gains mitigation tools for stocks including loss harvesting, trusts, charitable strategies, and qualified opportunity zone funds
• timing control advantages with stocks versus third-party timing in oil and gas
• portfolio sizing framework for oil and gas risk and diversification
go to
To see how this or any of our advanced tax strategies can help you, go to https://www.prosperalcpa.com/apply
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We share an exclusive client workshop on advanced oil and gas tax planning and how the tax code can turn a passive energy investment into a powerful deduction strategy. We lay out how IDC and depletion work, where the real risks live, and how to coordinate oil and gas with real estate, capital gains, and retirement moves.
• why working interest oil and gas can create non-passive losses that offset W-2 income
• how intangible drilling costs drive large first-year deductions and why timing matters
• what depletion deduction does for ongoing cash flow tax efficiency
• differences between investing with an operator, a diversified fund, or royalty rights
• oil and gas versus real estate tradeoffs on appreciation, leverage, and tax control
• stacking cost segregation losses with oil and gas profits for smoother tax outcomes
• using oil and gas planning for capital gains mitigation and potential 1031 exchange paths
• retirement planning ideas including self-directed IRA considerations and Roth conversion tax math
• gifting strategies for estate planning and income shifting to family members
• qualified opportunity zone fund concepts tied to oil and gas and why the exit can matter
• how we model after-tax ROI so decisions are based on math, not hype
*If you want to see how any of these strategies may apply to you, go to http://www.prosperlcpa.com/apply and I'll personally send you a video illustrating what's possible.
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California’s tax system can make a big raise feel small, especially once you cross the income points where rates jump and deductions phase out. We walk through California brackets, federal brackets, hidden payroll taxes, and real tax software examples, then map out planning options that can reduce the damage without forcing a move.
• California marginal brackets and why the early tiers look deceptively friendly
• The extra California layers like SDI and the mental health services tax
• Federal tax brackets plus why Medicare can push your true marginal rate higher
• Mock return examples at $300k, $400k, $500k, $750k, $1M, and $1.5M
• “Tax on the increase” and why 40% to 50% of a raise can disappear
• QBI phaseout and lost credits after key income thresholds
• Why oil and gas deductions often help federal but not California
• Why California limits real estate professional status benefits and bonus depreciation
• Charitable deduction strategies that can offset federal and state taxes
• Pass-through entity tax election for California business owners
• Timing retirement distributions and stock sales to reduce California tax exposure
👇 Ready to optimize your wealth and stop overpaying the IRS? Go to https://www.prosperlcpa.com/apply
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Listen as I lay out the exact step by step plan I would follow if I earned $1M to $2M in W-2 income and wanted to stop overpaying by six figures. I explain how to pick strategies that fit your goals, stack them intelligently, and turn tax savings into long-term wealth instead of a one-time refund.
• clarifying goals, liquidity, and time budget before choosing any tax strategy
• matching tax planning “DNA” to risk tolerance, time, and desired outcomes
• using real estate strategies like short-term rentals and real estate professional status to create depreciation losses
• evaluating solar tax credits, oil and gas deductions, and advanced charitable strategies for additional offsets
• stacking strategies while respecting limits like the excess business loss cap
• targeting tax “sweet spots” instead of forcing taxable income to zero
• adjusting W-2 withholdings to access savings sooner and reinvest faster
• layering future moves like fringe benefits, retirement accounts, and long-term planning
• keeping the plan updated as tax law and life circumstances change, plus not neglecting estate planning
Are you interested to see how these concepts may apply to you and your wealth building/tax reduction strategy? To learn more, go to https://www.prosperlcpa.com/apply
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We challenge the idea that cutting taxes is the finish line and lay out a more durable way to build after-tax wealth. Dave Walcott shares how a family office mindset, investor DNA, and systems thinking can help high earners stop chasing shiny objects and start compounding with purpose.
• why tax savings without a plan can increase risk and waste time
• the difference between tax preparers and proactive tax planners
• using an investor DNA framework to match strategies to lifestyle and goals
• comparing active strategies like short-term rentals with passive options like oil and gas
• common mistakes in alternative investments and why an investment policy statement matters
• thinking in after-tax terms, including capital gains, retirement account taxes, and depreciation recapture
• how scenario planning tools can model future tax liabilities and liquidity events
• infinite banking basics, including tax-free growth, policy loans, asset protection, and estate planning angles
• why private credit is often misunderstood and how it can fit into a passive income strategy
Go to Holisticwealthstrategy.com for a free copy of Dave’s book.
Go to taxplanningchecklist.com for an introductory course on foundational to advanced tax planning strategies.
Ready to Get started with advanced Tax Planning? Go to Prosperlcpa.com/apply
Watch the educational video at https://wwww.contrarianwealthbuilder.com and check out the software at https://www.pantheonwealthos.com
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We break down why the short-term rental loophole can produce massive tax savings and why the same strategy can collapse in an IRS audit if the paperwork is weak. We walk through what actually triggers scrutiny, what auditors ask for first, and how we document the rules so the losses stay usable.
• short-term rental loophole basics under IRC Section 469 and why it changes passive loss limits
• seven-day average length of stay and how to prove it with Airbnb or VRBO stay logs
• audit triggers we see most often, especially missing or mismatched 1099 income
• how the IRS tests deductions, including bank statement tie-outs and reasonable expenses
• cost segregation study scrutiny, what can get adjusted, and why it is usually not the main fight
• material participation tests that matter: 100 hours plus no one else more, 500 hours, substantially all
• why cleaners, property managers, partners, and big properties make the 100-hour test harder
• grouping elections for multiple short-term rentals and why long-term rentals cannot be grouped in
• how to prove hours, why courts punish vague estimates, and why logs win audits
• what hours count, what investor hours do not count, and where the gray areas live
• what to do if you lose, including appeals and amending to elect out of cost segregation
Go to https://www.prosperlcpa.com/apply for a free conversation and a video from me illustrating what maybe be possible and how much we can save you with advanced tax reduction strategies.
If you want that, just type our log in the comments or just email me and I’ll send that right on over to you.
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We unpack the Excess Business Loss limitation and show how it caps the amount of business loss you can use against W-2 wages, interest, dividends, and capital gains. We share thresholds for 2025–2026 and walk through timing moves with cost segregation, capital gains, credits, and withholding.
• who EBL hits hardest among high W-2 earners and investors
• section 461 rules that limit losses against non-business income
• 2025 and 2026 thresholds for single and joint filers
• why carryforwards lose value for rental losses
• timing cost segs and electing out of bonus on classes
• pairing staged losses with staged capital gains
• stacking credits and charitable strategies after EBL caps
• using W-4 planning to access tax savings sooner
If any of this is applicable to you and you want to learn more and see how these concepts apply, and also if you want to get a personalized video made from me where I will review your situation and I will outline what may be possible when we use advanced tax reduction strategies and which of these strategies listed above may apply to you and how much it could save you, and anything else to help you understand how advanced tax reduction can apply to your situation. I suggest you go to http://www.prosperalcpa.com/apply. That's prosper with an L CPA.com slash apply.
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Feeling whiplash from “too good to be true” tax ideas? We break down a practical Tax DNA framework that helps high earners sort hype from value by weighing five levers: compliance risk, economic risk, tax ROI, economic ROI, and return on time. With that lens in hand, we compare real estate, oil and gas, advanced charitable strategies, and solar so you can see exactly where each shines, where it breaks, and how to mix them for durable savings.
We start by defining the tradeoffs behind popular techniques—why a dazzling deduction can backfire through recapture, penalties, or negative cash flow—and then show how to design a plan you can sustain year after year. Real estate gets a deep look: cost segregation, material participation, short term rental rules, and a strong “second home + furnishings” play that can create hefty front-loaded deductions. We explain when real estate produces medium tax ROI but exceptional economic ROI through appreciation, leverage, and tax-smart exits—and where the time burden becomes the limiting factor.
For those who want speed and simplicity, we unpack oil and gas: generally lower tax ROI up front, but strong economic ROI potential and tax-advantaged depletion on the back end, with minimal time required. We put advanced charitable ideas under the microscope—acknowledging their powerful tax ROI and equally real compliance risks—plus a sober take on what’s legitimate versus risky gray areas. Then we map out solar credits and depreciation for predictable, high tax ROI, explain carrybacks, and clarify why profits often rely on incentives and modest participation.
We finish with the playbook high earners actually use: stack strategies to protect liquidity, time the aggressive moves for peak-income years, avoid over-deducting past your sweet spot, and harvest the “boring” foundation—entity optimization, pass-through entity taxes, accountable plans, Augusta rule, family payroll, and timing of income and gains. Subscribe, share with a colleague who hates overpaying, and leave a review with one question about your Tax DNA you want us to tackle next.
f you’re overwhelmed by the noise online and want clarity on what actually fits your situation, go to http://prosperlcpa.com/opportunityreport
Answer a few questions, and I’ll personally send you a video showing what may be possible with advanced planning based on your numbers.
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We unpack how marriage can meaningfully lower taxes for high-income earners and how to plan before and after the wedding. We share practical strategies on timing income, creating deductible losses, leveraging participation rules, and using healthcare and equity tools to keep more of what you make.
• why joint filing usually reduces total tax
• doubled standard deduction and home sale exclusion
• capital gains thresholds and NIIT mitigation
• pre‑wedding income shifting and gifting stock
• delaying sales with loans and cash‑out refis
• accelerating deductions in the final single year
• state moves, residency timing, and common law options
• building a joint asset and income map
• combining hours to meet material participation
• short‑term rental losses to offset W‑2 income
• excess business loss limits for joint filers
• hiring a spouse and using an HRA via sole prop
• enabling HRA with rental management work
• stacking QSBS exclusions with smart gifting
• real estate professional status and cost segregation
• estate planning updates for married wealth
Go to prosperalcpa.com/opportunityreport for a personalized video on potential tax savings. Go to http:///www.prosperalcpa.com/apply to explore services and advanced tax planning.
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We explain why real estate sits at the core of tax reduction and wealth creation, then show where it falls short and how to stack other tools for a complete plan. From short-term rentals and cost segregation to solar credits, charitable giving, and step-up basis, we map a clear path.
• why real estate creates paper losses that offset income
• how short-term rentals and REP status unlock broader offsets
• accelerated depreciation and cost segregation to front-load deductions
• tax-free cash through refinancing and smart leverage
• avoiding FICA on rental profits and favoring long-term gains
• deferring exits with 1031 exchanges and opportunity zones
• using credits and incentives including energy and state programs
• step-up in basis for generational wealth planning
• when real estate limits apply and how to add credits and giving
• holistic sequencing to scale faster and keep taxes low
Go to https://www.prosperalcpa.com/opportunityreport to answer a few questions and get a personal video on what may be possible
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We unpack why California’s tax system punishes high W‑2 earners with RSUs, then map out a stack of strategies that convert stock-based pain into lasting tax savings. We share how to use charitable deductions, credits, and timing to push your effective rate down.
• RSUs as taxable income and cash flow squeeze
• California marginal brackets and 13.3 percent top rate
• Nonconformity on real estate professional status and bonus depreciation
• Excess business loss limits against W‑2 wages
• The SALT “sweet spot” between $600k and $500k income
• Advanced charitable structures offsetting 30–60 percent of AGI
• Solar and other tax credit strategies to reduce federal liability
• Withholding adjustments to fund strategies mid‑year
• Selling RSUs and pairing gains with losses for liquidity
• Why ongoing planning with a strategist compounds savings
Go to prosperlcpa.com/opportunityreport for a free customized video from me showing how much you can save
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We map a clear path for high W‑2 earners to cut taxes by stacking business losses, targeted charitable deductions, and solar credits. A simple $1.5M case study shows how careful sequencing can drive liability from $450k toward $55k while building long‑term wealth.
• 401(k) contribution and plan limits for high earners
• Where RSUs, real estate, and oil and gas fit
• Excess Business Loss caps and their 2025 reductions
• Mortgage interest rules and HELOC tracing considerations
• Charitable deductions at 30% to 60% of AGI
• How to sequence losses, charity, then credits
• Solar investment tax credits and bonus depreciation
• Walkthrough of a $1.5M income optimization model
• State tax impacts and planning windows
• Action steps to engage a tax strategist
Go to https://www.prosperalcpa.com/opportunity report and complete the short survey to see what may be possible for your taxes
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We break down the most common real estate tax myths, from REP status and short-term rentals to cost segregation timing and entity hype. We show how to time deductions, avoid recapture pain, and use non-asset strategies to cut taxes while building wealth.
• REP status based on hours and participation, not a license
• Cost segregation timing to match high-income years
• Excess business loss limits and why W-2s hit a wall
• Recapture planning with reinvestment or 1031 exchange
• Short-term rental rules and the 100-hour trap
• LLCs for asset protection, not deductions
• Holding company and management company myths debunked
• Cost segregation is accepted and improves accuracy
• Alternatives to buying assets for write-offs
• Real estate cash flow, depreciation, and tax-free refi benefits
• Holistic planning across business, wages, and investments
Go to https://www.prosperalcpa.com/opportunityreport for your free opportunity report illustrating what may be possible with our tax strategies
Go to prosperalcpa.com/apply to learn more
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We share the biggest tax and business lessons of 2025 that create real value right now. From funding travel with points to dialing in W-2 withholding and designing charitable and estate plans, we map strategies to your goals and show how to execute them.
• turning payroll fees into non-taxable travel via points
• charitable structures that deliver immediate deductions and cut estate tax
• HRA workaround for real estate investors with high medical costs
• W-2 withholding adjustments to fund strategies mid-year
• solar credits that stack when business write-offs hit limits
• gift leaseback to shift income and trigger education credits
• launching nonprofits for impact, deductions, and Google Ad Grants
• setting expectations with teams and clients to ensure compliance
• choosing strategies based on what you want your cash to do
• exploiting low brackets with Roth conversions and timing income
• targeting credit and deduction sweet spots rather than chasing zero
• oil and gas options, risk tiers, and depletion benefits
• focus on one big move, then layer tactics
• adopt profit first and vacation first to protect time and outcomes
Go to https://prosperalcpa.com/opportunityreport for a personalized video on what may be possible with our tax strategies and how they align with your future
Go to our careers page if you or anyone you know is looking for a position in tax planning; we are aggressively recruiting talent
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Cost Segregation can save you tens of thousands, or even hundreds of thousands, in taxes. But here's the problem: most investors have no clue how much they're actually leaving on the table.
After personally reviewing hundreds of cost seg studies for our clients at Prosperl CPA, I'm pulling back the curtain and showing you EXACTLY how to estimate your deduction, what drives the numbers up or down, and how much cash this strategy can legitimately save you.
Here's what we're covering:
• The formula I use to estimate Cost Segregation deductions (backed by hundreds of real studies)
• Why short-term rentals (STRs) crush long-term rentals (LTRs) when it comes to cost seg results
• How land value, pools, furnishings, and property improvements drastically impact your write-offs
• How to calculate your ACTUAL tax savings using your effective tax rate (not just the deduction)
• Real client examples and case studies from our practice
• How Cost Seg stacks with QBI deductions, tax credits, bonus depreciation, timing strategies, and more for maximum impact
This is the exact framework we use internally at Prosperl CPA to project savings for our clients. If you've been wondering "how much could I ACTUALLY save?", this video answers that question.
⭐ Want to Know YOUR Exact Tax Savings Potential?
I'm offering free personalized Opportunity Reports where I'll review your tax situation and send you a custom video breakdown showing exactly how much you could save with strategies like:
• Cost Segregation
• Bonus Depreciation
• Short-Term Rental Loopholes
• Entity Structure Optimization
• And more advanced planning methods
👉 Request your free Opportunity Report:
https://ProsperlCPA.com/OpportunityRe...
📘 Grab My Free Tax Planning Checklist + Mini Course
Want to learn the core tax strategies every real estate investor and entrepreneur should be using? Download the checklist that walks you through the fundamentals:
👉 https://TaxPlanningChecklist.com
🕒 Timestamps
00:00 – Why Cost Segregation is a game-changer (and why most people underestimate it)
00:30 – How we estimate deductions after analyzing hundreds of studies
02:25 – STR vs LTR: The massive difference in cost seg results
03:50 – Purchase price vs building basis: Which percentage method to use
06:00 – Land value considerations: beach properties, condos, and what kills your deduction
10:00 – Hidden wins: Pools, improvements, retaining walls, and overlooked depreciation opportunities
12:30 – Calculating your REAL tax savings (not just the deduction—actual dollars saved)
17:00 – Strategy stacking: QBI, credits, marginal rate
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We trace the “domino decision” that turned corporate burnout into a calling and show how timing, not tricks, drives real tax savings. Dominique Molina joins us to reveal practical ways to choose your tax rate and stack permanent advantages without gimmicks.
• Why timing beats complexity in tax strategy
• Permanent savings versus simple deferrals
• When to accelerate income or delay deductions
• Prep and planning collaboration to avoid waste
• Real estate developer opportunities with CCM
• How to vet claims, court history and oversight
• Designing plans around cash flow and financing
• Whole‑picture planning across crypto, real estate, business
• Typical savings ranges and when fees are worth it
• FAQs on credentials, structures, and thresholds
certifiedtaxplanners.com — whether you are a taxpayer seeking help or a tax advisor ready to level up, explore resources and get matched to a licensed planner
taxplanningchecklist.com — get an introductory course into tax planning
prosperocpa.com/opportunity-report — get a free opportunity report and a custom video on what may be possible for you
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If you're a high-income earner, real estate investor, or business owner, the answer is almost always no—and in this video, I break down exactly why.
I’m walking you through the BIG lie behind one-time tax plans, the opportunities most people miss after Year 1, and why ongoing tax strategy can unlock six- and seven-figure savings over your lifetime.
In this video you’ll learn:
✔️ Why one-time tax plans stop far too early
✔️ The hidden opportunities in Year 2 and beyond
✔️ Why cost seg, STR, REP, and basic write-offs are JUST the beginning
✔️ How to layer advanced strategies that compound over time
✔️ How new tax laws, income changes, and events create NEW planning windows
✔️ Why high earners lose the most when they “set it and forget it”
If you’re serious about reducing your taxes every single year — this will change how you think about strategy forever.
🔥 Want to see what YOU could save?👉 Get your free Opportunity Report:
https://prosperlcpa.com/opportunityreport
I’ll personally record a video walking through your unique tax savings potential.
📘 Want a free tax planning starter kit?👉 Download the Tax Planning Checklist:
https://taxplanningchecklist.com
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You’ve heard the stories: jets written off, million‑dollar refunds, zero taxes on millions in income. But are those strategies fundamental? And more importantly, do they apply to you?
In this video, Mark Perlberg (CPA + Tax Strategist) breaks down the truth about these “too good to be true” tax moves. He pulls back the curtain on deduction limitations, capital loss traps, passive vs. active income strategies, and how the wealthy legally reduce their tax bills, sometimes to zero.
You’ll learn:
• Why many tax hacks don’t apply to W‑2 earners
• The $630,000 business loss cap (and how to use it)
• How high earners stack real estate + charitable + credit strategies
• What most tax pros miss about timing, phaseouts, and AGI targeting
• Workarounds for SALT deductions, basis limitations, and more
🔥 Want a free opportunity report?
👉 https://ProsperlCPA.com/opportunity-r...
📚 Grab your free tax planning checklist:
👉 https://taxplanningchecklist.com
📌 Subscribe for tax reduction strategies weekly.
00:00 - Why You’re Here (Jets, $0 Taxes & Big Claims)
00:22 - Truth Bomb: Why It Doesn’t Work for You
00:40 - What Are Deduction Limitations?
01:30 - What You Can & Can’t Deduct
02:22 - There Are Legal Strategies
02:44 - Free Checklist & Custom Tax Report
03:30 - The $630K Business Loss Cap
04:56 - W‑2 vs Real Estate Write‑Offs
06:03 - Real Estate Capital Gains vs Stock Losses
07:12 - Charitable Deductions: 60% AGI Rule
08:15 - How the Wealthy Give & Win
09:56 - Qualified Business Income (QBI) Deduction Explained
11:14 - High Earners? Why You Lose QBI
12:32 - State & Local Tax Deduction (SALT Cap)
13:27 - Bonus Depreciation & State Misalignment
13:48 - Entity Structure & Basis Limits (S-Corp, Partnerships)
15:37 - When You Can’t Use Your Losses
17:12
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We show high‑earning W‑2s how to cut taxes now, not months from now, and convert savings into immediate cash flow. We walk through year‑end tactics, stacking limits, overlooked credits, and why adjusting your W‑4 can supercharge wealth growth.
Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply
Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com
At the very least, get on our newsletter to gain access to free live events and exclusive insight you won't find anywhere else: https://www.prosperlcpa.com/subscribe
• Foundational strategies for high‑income W‑2 tax reduction
• Year‑end actions still available in Q4
• Real estate limits and how to stack credits
• Turnkey short‑term rentals and cost segregation
• Capital gains planning and expense acceleration
• Solar credits and bonus depreciation on rentals
• Adjusting W‑4 to unlock cash now
• Reinvesting savings for compounding growth
• Strategic Roth conversions in low‑bracket years
• Building a multi‑year plan to preserve wealth
Go to Prosperal, ProsperWithan L, CPA.com slash opportunity report, and you'll talk about how we can put that together for you
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We challenge the idea that lower is always better for taxes and show how “use it or lose it” deductions and credits vanish when income is either too high or too low. We map the sweet spots that unlock SALT, QBI, and child credits, and share moves to land there on purpose.
• standard vs itemized deductions and why timing matters
• SALT cap expansion and the $500k–$600k AGI phaseout
• AGI-reducing vs taxable-income-reducing strategies
• QBI rules, SSTB phaseouts, and the ~$395k MFJ target
• stacking SALT and QBI for outsized savings
• when adding income beats cutting it, including Roth conversions
• child tax credit thresholds and why MAGI control matters
• state nonconformity to bonus depreciation and planning implications
• practical levers: retirement deferrals, cost seg, oil and gas, expense timing
👉 Want to see how much you could save on taxes?
Get a free custom projection at ProsperlCPA.com/OpportunityReport
Complete a quick 5-minute survey, and we’ll send you a personalized video breaking down what tax strategies may apply to you — and how much you could save this year.
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The short-term rental loophole offers incredible tax-saving opportunities but requires careful market research and property selection to be profitable in today's competitive landscape. While the tax incentives can be life-changing, many Airbnbs have become money pits due to changing market conditions and lack of proper analysis.
Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com
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Get in touch with John at: https://johnbianchi.mykajabi.com/
Make Sure You Checkout Our Other Resources on the STR Loophole!!!
What is the Short-Term Rental Loophole?
Dangers of the Short-Term Rental Loophole
What the One Big Beautiful Bill Means for Short Term Rental Investors
• Most investors make critical mistakes by not using data tools like AirDNA or misinterpreting the data
• Focus on full-time hosts with 270+ days of availability and multiple recent reviews for accurate revenue projections
• Use the "20% rule" to quickly assess market potential (revenue should be 20% of purchase price)
• Study successful properties in your target market to identify revenue drivers and build a "buy box"
• Cash flow should be prioritized over tax benefits to ensure long-term sustainability
• Avoid oversaturated "Class A" vacation markets where property values have increased beyond revenue potential
• Expect 8-20% cash-on-cash returns from well-selected properties
• Setting up an STR requires significant initial effort but becomes much easier with proper systems
• Choose markets with established regulations to avoid future compliance issues
To learn more about selecting profitable short-term rentals, visit strsearch.com for free educational resources or to schedule a consultation.
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Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com
Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com
At the very least, get on our newsletter to gain access to free live events and exclusive insight you won't find anywhere else: https://www.prosperlcpa.com/subscribe
Social Security faces potential trust fund depletion by 2034, but ongoing payroll taxes will still cover about 81% of promised benefits even if Congress doesn't act. Mike Skrynecki shares insights on optimizing claiming strategies, understanding benefit calculations, and navigating potential future changes to maximize your retirement income.
• Most Americans rely heavily on Social Security, with 69% expecting it to be a significant retirement income source
• The Social Security system consists of retirement, survivor, and disability benefits funded primarily through payroll taxes
• Recent tax changes in the "One Big Beautiful Bill" may actually accelerate trust fund depletion from 2034 to 2032-2033
• Claiming benefits early (age 62) results in a permanent 30% reduction compared to full retirement age (67)
• Delaying benefits until age 70 increases your monthly payment by 8% per year beyond full retirement age
• Only about 4% of Americans optimize their Social Security claiming strategy, leaving $3.4 trillion in potential benefits unclaimed
• For married couples, having the higher earner delay benefits can maximize survivor benefits
• Up to 85% of Social Security benefits may be taxable depending on your income level
• Working while collecting Social Security before full retirement age can result in benefit reductions
• Potential solutions to funding gaps include raising the payroll tax cap, increasing retirement age, or modifying cost-of-living adjustments
To learn more about Medicare enrollment or Social Security optimization strategies, register for Mike Skrynecki's upcoming webinar on September 15th at 4:00 PM or visit skryneckifpg.com.
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Mikkel Thorup, an offshore consultant with 25 years of international experience, shares legal strategies for reducing U.S. tax burden through international relocation and asset protection. He explains how these approaches can potentially save six figures annually while remaining fully compliant with tax laws.
Checkout the Expat Learning Summit at: https://www.expatmoneysummit.com
Learn more at: https://www.expatmoney.com
Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com
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• Most clients seek either a financial "Plan B" while continuing to live in their home country or complete relocation as expats
• High-net-worth professionals and business owners typically benefit most from these strategies
• The Foreign Earned Income Exclusion allows Americans to exclude $126,500 of earned income ($253,000 for couples) from federal taxes
• Qualifying requires either 330 days in foreign countries or establishing bona fide residency abroad
• Territorial tax countries like Panama only tax locally-sourced income, creating powerful tax advantages
• Asset protection benefits become meaningful starting at $500,000 in liquid capital
• Strategies include offshore banking, incorporation, self-directed IRAs, and international real estate
• Proper exit planning from high-tax states is essential before establishing foreign residency
• All international accounts must be properly reported to U.S. authorities, maintaining full compliance
To learn more, join the free Expat Money Summit October 10-12 at expatmoneysummit.com or visit expatmoney.com for resources and the Expat Money Show podcast.
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Strategic timing is the unsung hero of tax planning, especially when it comes to cost segregation studies for real estate investors. The difference between performing these studies at the optimal time versus the wrong time can mean hundreds of thousands of dollars in tax savings.
PS. Whenever you're ready, here are some ways we can help with reducing your taxes...
Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com
• Cost segregation studies should be timed to match high income years when tax deductions are most valuable
• Moving income into low tax bracket years and expenses into high tax bracket years maximizes tax savings
• Recognizing deductions early frees up capital for reinvestment and compound growth
• Suspended losses from poorly timed cost segregation studies may never offset ordinary income
• Pregnancy or other life changes can create temporary windows for real estate professional tax status
• Cost segregation studies can be strategically timed to offset capital gain events
• You can amend returns to add cost segregation studies, but only for the first service year of a property
• When selling properties after cost segregation, be prepared for potentially painful depreciation recapture
• Cost segregation can work with 1031 exchanges but requires careful planning and professional guidance
• Different depreciation elections provide flexibility in how quickly you recognize tax benefits
Go to prosperalcpa.com/opportunityreport for a free video analysis of your potential tax savings through advanced planning strategies, or visit taxplanningchecklist.com to begin exploring tax planning with a free ultimate tax planning checklist and mini-course.
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Cost segregation stands as the most powerful tax strategy for real estate investors, allowing identification of property components that can be depreciated faster than the standard 27.5 or 39-year schedules.
• Typical cost segregation studies reclassify 25-30% of a property's value for immediate write-off through bonus depreciation
• Without cost segregation, investors typically write off only about 3% of purchase price in year one
• Two key scenarios maximize benefits: real estate professional tax status and short-term rental properties
• Non-passive losses created can offset W-2 income, business profits, or capital gains from other real estate
• Business owners who own their buildings can use cost segregation to offset business profits
• Investors can put down 10% on short-term rentals and potentially get their entire down payment back in tax savings
• Depreciation recapture means paying taxes on previous deductions when selling, making exit strategy planning important
• Cost segregation studies typically cost $3,000-$6,000 but can save tens or hundreds of thousands in taxes
• Studies can be done retroactively – not just in the first year of ownership
For a personalized opportunity report showing how cost segregation could save you money, visit https://ProsperalCPA.com/opportunityreport. To learn foundational tax planning concepts, get our free Ultimate Tax Planning Checklist at TaxPlanningChecklist.com.
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Start Your Journey to Financial Freedom through passive income NOW! In this episode, I break down how to reduce your tax bill, grow passive income, and rethink what freedom with money really looks like.
Here’s what you’ll take away:
• How to stop overpaying taxes by adjusting W-4s and using smart tax planning.
• Simple ways to create passive income with real estate, land, and infinite banking.
• Why knowing your “Investor DNA” helps you pick the right investments.
• How to replace active income with passive streams that give you time and flexibility.
Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com
You don’t need Wall Street to reach financial freedom. You need the right plan, the right tools, and the discipline to make your money work for you.
Build wealth on your terms. Keep more of your money. Start today.
For a free financial freedom score care, go to https://go.wealthwithoutwallstreet.com/markperlberg
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Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com
Let's examine the tax advantages and disadvantages of investing in oil and gas versus traditional retirement accounts, helping you determine which strategy aligns best with your financial goals and tax situation.
• Oil and gas investments typically provide 70-90% tax deductions through intangible drilling costs while retirement accounts offer dollar-for-dollar tax savings
• Retirement accounts reduce both federal and state taxes while oil and gas investments primarily offset federal taxes
• When taking distributions, oil and gas profits benefit from a 15% depletion allowance that reduces taxable income
• Retirement account withdrawals before 59½ face penalties while oil and gas distributions have no age restrictions
• Oil and gas interests can be gifted to family members for income-shifting strategies while retirement accounts cannot
• Retirement accounts have contribution limits ($23,000 for employee 401k contributions) while oil and gas deductions can offset up to $313,000 (single) or $626,000 (married) of non-business income
• Retirement accounts offer creditor protection and investment diversification while oil and gas investments carry higher risk
• Strategic tax planning should consider income thresholds for SALT deductions ($500,000) and qualified business income deductions ($400,000)
If you're interested in learning more about these tax strategies, visit ProsperalCPA.com/apply for a personalized opportunity report or TaxPlanningChecklist.com for a free tax planning checklist and mini-course.
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Short-Term vs. Long-Term Rentals: Tax Benefits Explained
Understand the tax differences that can make or break your rental strategy when choosing between long-term rentals and short-term rentals for tax savings, profit, cashflow and wealth. In this video, we break down how each property type impacts your deductions, cash flow, and long-term wealth.
Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com
You’ll learn:
• How the short-term rental loophole can create large deductions with cost segregation and bonus depreciation.
• Navigating material participation rules between different investment types
• Why average stays of 7 days or less matter for short-term rental tax advantages.
• The benefits of long-term rentals, from simpler material management to avoiding lodging taxes.
• How real estate professional tax status can help offset other income.
• Strategies to reduce taxable income and grow your portfolio.
Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com
If you’re a high-income earner, business owner, or investor, this is your roadmap to lowering taxes while building wealth.
realestate #costsegregationstudies #taxdeductionsforyourrentalproperty #howtodeductrentallossesonyourtaxes #howtoinvestinrealestate
CHAPTERS:
00:00 - Intro
01:48 - Short-Term Rentals Strategies
09:44 - Qualified Improvement Property Explained
10:50 - Long-Term Rentals Overview
20:00 - Long-Term vs. Short-Term Rentals Analysis
20:26 - Essential Property Insights
21:39 - Beyond Rental Activities Considerations
22:34 - Free Opportunity Report Access
23:03 - Free Tax Planning Checklist Download
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Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com
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We explore the significant tax savings opportunities and incentives available through passive real estate investing. For high-income earners and busy professionals, understanding these tax advantages can transform wealth-building strategies while legally reducing tax burdens.
• Real estate investments create paper losses through depreciation that can exceed your initial investment amount
• Cost segregation studies accelerate depreciation, sometimes creating deductions 2-3 times your investment
• Real estate professional status combined with material participation allows losses to offset W-2 income
• Achieving material participation requires 500+ hours across grouped rental properties annually
• Without real estate professional status, losses still offset passive income from rentals and business interests
• Cash-out refinances provide tax-free cash distributions to investors
• Operational cash flow is often sheltered from taxes by depreciation deductions
• Property sales are taxed at favorable capital gains rates (0-20%) rather than ordinary income rates
• Continuous reinvestment creates a compounding tax advantage and wealth-building cycle
• Passive investing allows access to tax benefits without managing "tenants, toilets, and trash"
For a free opportunity report showing how these strategies can apply to your situation, visit prosperalcpa.com/apply. If you're not ready yet, at least check out taxplanningchecklist.com for a simple-to-follow tax planning checklist and mini-course.
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Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com
At the very least, get on our newsletter to gain access to free live events and exclusive insight you won't find anywhere else: https://www.prosperlcpa.com/subscribe
The return of 100% bonus depreciation through the One Big Beautiful Bill creates powerful tax-saving opportunities for short-term rental investors who understand how to properly leverage these benefits within a comprehensive wealth-building strategy.
• Short-term rental loophole allows non-passive loss treatment when average stay is seven days or less and you materially participate
• Cost segregation studies can accelerate depreciation, typically allowing write-offs of about 30% of purchase price in year one
• Second home mortgages (for properties 60+ miles from home) can maximize leverage, potentially recovering entire down payment through tax savings
• Competition has increased as more high-income professionals seek these tax advantages, driving up property prices
• Excess business loss limitations cap deductible losses at $313,000 single/$626,000 married filing jointly
• Strategic income planning needed to maximize SALT deduction ($40,000) which phases out between $500-600K income
• Consider long-term sustainability of continuously purchasing properties solely for tax benefits
• "Phantom profit" can occur when depreciation runs out but mortgage payments continue
• Diversification strategies include 1031 exchanges into DSTs, opportunity zones, or oil and gas investments
• Material participation requirements may become burdensome as portfolio grows
• Creating a holistic tax plan that combines multiple strategies yields better results than relying solely on depreciation
To learn more about how these advanced planning methodologies may apply to you and get exposed to basic tax strategies, get our free tax planning checklist and mini course at taxplanningchecklist.com. If you're ready to see what's possible with advanced tax reduction, go to prosperalcpa.com/opportunityreport for personalized projections.
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Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com
Learn how real estate investing creates valuable tax losses that can offset income and build long-term wealth, even for passive investors without real estate professional tax status. These tax advantages allow investors to collect cash flow without paying taxes while building suspended losses that can offset future capital gains.
• Depreciation offsets rental revenue, allowing tax-free cash collection
• Passive losses accumulate on Form 8582 for future use against passive income
• Cash-out refinances provide tax-free access to increased property value
• Qualified Opportunity Zones offer tax deferral and potential tax-free growth
• Real estate losses can offset passive income from business interests
• Tax planning should precede real estate investing for maximum benefit
• Advanced tax reduction strategies can provide immediate 100% ROI
• Using tax savings to invest in real estate creates compounding tax advantages
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Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com
At the very least, get on our newsletter to gain access to free live events and exclusive insight you won't find anywhere else: https://www.prosperlcpa.com/subscribe
Alternative investments offer tax-advantaged strategies that go far beyond traditional real estate while generating impressive returns for savvy investors. Dan Holmlund shares insights from seven years running the Alternative Investing Club, revealing unique opportunities most financial advisors never mention.
• Alternative investments include commercial airplane engines with 100% depreciation benefits
• Special partnership allocations can shift depreciation to partners who need it most
• Medical debt and student loan debt funds provide returns while helping people escape crippling debt
• Solar panel investments can qualify for combined 55% tax credits from federal and state governments
• Real estate partnerships with municipalities can create tax-free property opportunities
• Strategic debt investments offer protection by being first in line during economic downturns
• Operator quality matters more than the investment vehicle itself
• Alternative Investing Club hosts weekly educational sessions with experienced operators
• Cost segregation studies dramatically increase first-year depreciation benefits
• New tax laws make manufacturing buildings 100% deductible, creating syndication opportunities
Learn more about alternative investing strategies by joining the Alternative Investing Club's free weekly meetings at alternativeinvestingclub.com or emailing Daniel@alternativeinvestingclub.com.
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Mark Perlberg and Brian Sweet discuss strategies for building and protecting wealth beyond tax savings, with an emphasis on what to do with cash after receiving tax refunds from bonus depreciation and other tax benefits. They explore holistic wealth planning approaches that balance immediate tax benefits with lifetime tax minimization.
• Brian Sweet shares his 47 years of experience in the wealth management business, serving clients across 38 states
• Entrepreneurs with volatile income should prioritize having 6+ months of cash reserves before pursuing other investment strategies
• Tax-efficient investment vehicles can help control when and how investment gains are recognized
• The difference between minimizing taxes today versus minimizing lifetime tax burden requires comprehensive planning
• Current historically low tax rates create opportunities for strategic moves like Roth conversions
• Advanced capital gains strategies can generate offsetting losses, potentially turning a $1M gain into just $360K taxable
• One client saved $2M in taxes through strategic Roth conversions alone
• Working with qualified professionals is essential as DIY tax planning often misses sophisticated opportunities
• Future tax rates will almost certainly increase due to growing national debt
To learn more about wealth management strategies, contact Brian at bryan@sweetfinancial.com or visit sweetfinancial.com. For tax planning assistance, visit prosperlcpa.com/apply.
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The dream of mailbox money through real estate investing often collides with the reality of demanding property management, leading many investors to seek alternative wealth-building paths while maintaining tax advantages.
• Hire property managers to maintain real estate professional tax status benefits while reducing workload
• Invest in real estate syndications as limited partners to leverage expert deals without active management
• Consider oil and gas investments for truly passive income with 70-90% first-year write-offs
• Explore Delaware Statutory Trusts and Qualified Opportunity Zone funds for passive 1031 exchange options
• Evaluate solar panel investments on properties for both tax credits and long-term energy cost savings
• Return focus to your primary business with retirement, healthcare, and charitable tax strategies
If you want to learn more about how these concepts may apply to your situation, go to prospercpa.com/apply for a free opportunity report or visit taxplanningchecklist.com to get started with strategic wealth building and tax reduction.
PS. Whenever you're ready, here are some ways we can help with reducing your taxes...
Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com
At the very least, get on our newsletter to gain access to free live events and exclusive insight you won't find anywhere else: https://www.prosperlcpa.com/subscribe
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Tax deferrals can be a powerful tax strategy when implemented properly and at strategic times, as demonstrated by a client who missed an opportunity that will cost them approximately $100,000 in taxes. We explain why timing your tax deferrals between high and low-income years creates massive tax savings despite common objections.
• Common objections to tax-deferred accounts include eventual taxation, liquidity concerns, and ordinary income tax rates on distributions
• Retirement accounts offer more liquidity than people realize, with loan options for Solo 401(k)s and principal withdrawal flexibility from Roth accounts
• Strategic timing of contributions and distributions between high and low tax bracket years creates substantial tax arbitrage
• Contributions to SEP IRAs and Solo 401(k)s can be made until October 15th of the following tax year
• Self-directed retirement accounts can invest in real estate and other alternative assets without needing real estate professional status
• Advanced strategies include timing Roth conversions during temporary valuation dips, potentially reducing conversion taxes by 30-40%
• Beyond retirement accounts, consider 1031 exchanges, installment sales, and charitable planning for additional tax deferral opportunities
PS. Whenever you're ready, here are some ways we can help with reducing your taxes...
Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com
At the very least, get on our newsletter to gain access to free live events and exclusive insight you won't find anywhere else: https://www.prosperlcpa.com/subscribe
Send us a text
Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com
At the very least, get on our newsletter to gain access to free live events and exclusive insight you won't find anywhere else: https://www.prosperlcpa.com/subscribe
The consumption tax may be your most expensive hidden tax, created when high earners spend profits on lavish lifestyles instead of tax-advantaged investments that build generational wealth. This concept affects both business owners and W-2 earners, as the tax code rewards those who reinvest rather than consume their profits.
• The consumption tax occurs when you spend all profits on lifestyle expenses, leaving nothing for tax-advantaged investments
• High-income earners who spend excessively on luxury items often struggle to implement effective tax strategies
• The IRS incentivizes business reinvestment, charitable giving, and investments in energy and real estate
• W-2 earners can access similar tax advantages through side businesses, strategic investments, and withholding adjustments
• Creating legitimate business purposes for existing activities can transform personal expenses into deductible business expenses
• Reinvesting profits gives you more control over the timing and rate of taxation
• Capital gains are taxed at lower rates than ordinary income, creating wealth-building advantages
• Consider whether your current lifestyle is financially sustainable when accounting for taxes
• Resources like "Profit First" methodology help prioritize profit before expenses
• Books like "The Millionaire Next Door" reveal that most wealthy people maintain modest lifestyles to build wealth
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Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com
At the very least, get on our newsletter to gain access to free live events and exclusive insight you won't find anywhere else: https://www.prosperlcpa.com/subscribe
Entrepreneurs often hesitate to withdraw money from their LLCs due to tax concerns, but in most cases, there are no additional tax implications when taking out profits. The tax treatment of withdrawals depends entirely on how your LLC is classified for tax purposes - as a disregarded entity, partnership, S-corporation, or C-corporation.
• Single-member LLCs (disregarded entities): Taking money out is simply an owner's draw with no tax implications
• Profits are already taxed on your personal return whether you withdraw them or not
• For partnerships: Distributions to partners typically have no additional tax consequences
• Guaranteed partnership payments are taxed as ordinary income and subject to self-employment tax
• S-corporation owners must pay themselves a reasonable salary subject to payroll taxes
• Distributions from S-corps can provide tax advantages but require proper planning
• C-corporations face "double taxation" when paying dividends to owners
• Always transfer money to personal accounts rather than paying personal expenses from LLC accounts
• Maintain proper separation between business and personal finances to protect your liability shield
For more help with tax planning, visit taxplanningchecklist.com for our free mini-course or go to prosperalcpa.com/apply for a free strategy session.
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Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com
At the very least, get on our newsletter to gain access to free live events and exclusive insight you won't find anywhere else: https://www.prosperlcpa.com/subscribe
Depreciation recapture can create substantial tax liabilities when selling business assets or real estate, even when selling at or below your original purchase price. We explain how this overlooked tax works and provide strategies to completely eliminate or reduce the tax impact.
• Different types of property face different recapture tax rates – building structures (Section 1250) capped at 25%, personal property (Section 1245) at your ordinary income rate
• Cost segregation studies create larger future recapture tax liabilities that can surprise unprepared sellers
• Installment sales require immediate payment of all recapture taxes even when cash is received over time
• 1031 exchanges can defer recapture taxes when properly structured with equivalent replacement assets
• Creating losses from other properties through cost segregation studies can offset recapture taxes
• Suspended passive losses from prior years can be used to offset recapture income
• Strategic timing of other business expenses can help minimize the tax burden
• Inherited property receives a stepped-up basis, eliminating depreciation recapture concerns
If you want help mitigating taxes from depreciation recapture events and creating lifelong tax savings, visit ProsperalCPA.com/apply
Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com
At the very least, get on our newsletter to gain access to free live events and exclusive insight you won't find anywhere else: https://www.prosperlcpa.com/subscribe
Send us a text
Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com
At the very least, get on our newsletter to gain access to free live events and exclusive insight you won't find anywhere else: https://www.prosperlcpa.com/subscribe
Trusts serve as powerful wealth preservation vehicles for the affluent, providing control, protection, privacy, and potential tax savings. We explore the fundamentals of trusts and how they can be strategically used for estate planning and asset protection.
• Most beneficial for those planning their estates, individuals with risk exposure, entrepreneurs, business owners, and real estate investors
• Revocable living trusts help avoid probate and mitigate estate taxes when inheriting assets
• Irrevocable trusts remove assets from your estate for asset protection and tax minimization
• Grantor trusts (intentionally defective grantor trusts) allow assets to exist outside your estate
• Charitable trusts create significant tax savings, especially during major capital gains events
• Different professionals may recommend different trust solutions for the same situation
• Proper trust structure can help preserve multi-generational wealth
Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com
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Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com
Tax planning doesn't have to consume your time or require expertise to be effective, especially for professionals who feel overwhelmed or too busy to implement complex strategies.
• Retirement accounts offer substantial tax deferral opportunities with minimal ongoing effort
• You can contribute to tax-deferred accounts after year-end but before filing taxes
• Liquidity concerns can be addressed through strategic timing and borrowing options
• Advanced charitable planning creates massive deductions for those earning $500K+
• Oil and gas investments provide truly passive losses that offset all income types
• Distributions from oil and gas investments receive favorable tax treatment
• Simple systems and professional support capture legitimate deductions without constant vigilance
• S-corporation salary optimization can save six figures with proper guidance
• Home office deductions and accountable plans require minimal effort but deliver real savings
Visit prosperalcpa.com/apply to learn how we can help simplify your tax planning. Take our free mini-course at taxplanningchecklist.com.
Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com
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Tax planning timing is crucial for maximizing wealth and minimizing your tax burden, with most people waiting too long and missing significant opportunities for savings and financial growth.
• When to start tax planning if you have business income volatility or uncertainty
• How one-time events like RSUs, capital gains, or inheritances should trigger planning
• Why waiting for tax law changes like bonus depreciation can cost you significantly
• Complex tax strategies often take months to set up properly with multiple professionals
• Immediate tax savings by reducing W-2 withholdings or quarterly estimated payments
• Family-based strategies need time for proper implementation during the tax year
• Advanced planning reduces stress and prevents last-minute poor decision making
• Earlier implementation means more time for investments to generate both tax advantages and economic returns
• Hiring the right tax professional early gives you time to change if needed
Visit prosperalcpa.com/apply or taxplanningchecklist.com to learn more about implementing these strategies and taking control of your financial future.
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Tax planning for stock portfolios offers significant wealth-building opportunities when approached strategically. We dive deep into how different types of portfolio income are taxed and explore advanced strategies to minimize tax impact while maximizing growth potential.
• Understanding the difference between portfolio income (stocks, dividends, capital gains) and passive income (real estate)
• Short-term capital gains are taxed at ordinary income rates up to 37% plus potential 3.8% net investment income tax
• Long-term capital gains receive preferential tax rates (0%, 15%, 20%) depending on income brackets
• Qualified dividends receive the same favorable tax treatment as long-term capital gains
• First $47,000 of long-term capital gains ($94,050 if married filing jointly) can be completely tax-free
• Capital losses can offset capital gains from any source, with excess losses offsetting ordinary income up to $3,000 per year
• Tax-deferred accounts like 401(k)s eventually tax all withdrawals at ordinary income rates, not capital gains rates
• Strategic timing of capital gains can dramatically reduce tax liability
• Using ordinary business losses to offset capital gains from portfolio liquidations
• Qualified Opportunity Zones can defer, reduce, and potentially eliminate taxes on capital gains
• Utilizing tax-free vehicles like Roth IRAs and borrowing against appreciated stock positions
• Taking advantage of years with low income to realize gains at 0% tax rate
To learn more about implementing these strategies for your specific situation, visit prosperLCPA.com/apply or taxplanningchecklist.com to get on our list and be invited to free educational events.
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Tax planning extends far beyond basic strategies, with sophisticated approaches typically reserved for the ultra-wealthy that can create substantial tax savings and wealth-building opportunities for business owners and investors.
• Qualified Opportunity Zone Funds offering multiple benefits including capital gain deferral, material participation opportunities, and tax reduction
• Solar panel investments for business properties providing tax credits, depreciation benefits, and long-term energy cost savings
• 1031 exchanges into oil and gas investments for passive income with continued tax advantages
• Self-insurance strategies creating deductible business expenses while maintaining control of funds and building wealth
• Strategic employment of spouses to optimize QBI deductions and increase Social Security benefits
• Premium tax planning services delivering exceptional ROI through comprehensive strategy development
For those interested in learning more about these advanced tax reduction strategies, visit taxplanningchecklist.com or prosperalcpa.com/apply to see if these approaches could benefit your specific situation.
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Tax planning strategies work at every income level, creating legitimate savings that can accelerate your journey to financial freedom. Implementing these approaches strategically can significantly reduce your tax burden while staying within legal boundaries.
• Turn side hustles into legitimate businesses with clear profit intentions to create tax deductions
• Real estate investing offers tax advantages through depreciation, even at small scales
• Those earning under $100K can write off up to $25K in rental losses against ordinary income
• Proactive tax planning includes optimizing write-offs for meals, travel, and supplies
• Strategic stock portfolio management minimizes capital gains taxes
• Traditional IRA contributions can be converted to Roth IRAs for tax-free growth regardless of income
• High earners can utilize $14-16K annually in "backdoor Roth" contributions for tax-free growth
• Education credits like the American Opportunity Tax Credit provide up to $2,500 in direct tax savings
Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
Learn more about applying these strategies to your situation by taking our mini-course at taxplanningchecklist.com, which includes personalized feedback based on your circumstances.
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PS. Whenever you're ready, here are some ways we can help with reducing your taxes...
Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com
Tax planning isn't just for the wealthy—it's a vital strategy for people at all income levels that can accelerate the path to financial freedom through systematic wealth creation.
• Tax savings are more valuable than income because they represent pure wealth creation without taxation
• The tax code incentivizes certain behaviors regardless of income level, making strategies accessible to everyone
• For middle-income earners and new entrepreneurs, tax savings can provide critical capital for growth and investment
• Real client examples show how tax planning helped eliminate taxes and generate refunds for reinvestment
• Don't let "zero tax" years go to waste—use them for Roth conversions and harvesting capital gains
• Strategies like hiring family members, the Augusta rule, and HRAs can save tens of thousands without costing extra money
• Solar panels and other energy investments can simultaneously reduce costs and create tax benefits
• No fancy software or expensive advisors needed—educational resources make tax planning accessible
• Every hour spent learning tax strategy typically yields higher ROI than hours worked at your regular job
• Tax planning habits developed early create a powerful compound effect on long-term wealth
Visit prosperalcpa.com/taxnavigator to learn about our accessible tax education resources designed to help everyday Americans take control of their tax situation.
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And if you’re not a client yet? Go to https://ProsperlCPA.com/apply for a personalized video plan from me.
Or start with the free course: https://TaxPlanningChecklist.com
Tax legislation is undergoing significant changes that could reshape planning strategies for entrepreneurs, high-income earners, and real estate investors. These proposed changes would restore powerful tax benefits while creating new opportunities to legally reduce tax burdens through strategic planning and timing.
• 100% bonus depreciation likely returning until 2029, creating massive write-off potential for real estate investors and business owners
• QBI deduction potentially increasing from 20% to 23% and becoming permanent
• Qualified Opportunity Zones getting revitalized with potential 30% basis step-up for rural investments
• Standard deduction increasing by $1,000 for single filers and $2,000 for married couples
• SALT cap potentially rising from $10,000 to $40,000 for earnings under $500,000
• Social Security benefits potentially becoming tax-free, changing how we view FICA taxes
• Possible elimination of federal taxes on tips and overtime pay, though with likely restrictions
• Corporate tax rates potentially dropping to 20%, and to 15% for domestic manufacturers
For personalized tax planning guidance, visit prosperalcpa.com/apply or learn more through our free resources at taxfundingchecklist.com. Our new Prosperal Tax Navigator program makes professional tax planning more accessible - find details at prosperalcpa.com/tax-navigator.
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Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com
Bonus depreciation offers enticing tax benefits but comes with significant hidden risks for business owners and investors who don't plan beyond the initial tax savings. We examine the dangers of relying too heavily on bonus depreciation strategies and provide alternative approaches that don't create future tax problems.
• Bonus depreciation allows writing off a percentage of qualifying assets immediately rather than over their useful life
• The Tax Cuts and Jobs Act provided 100% bonus depreciation from 2017-2022, now phasing down to 40% in 2025
• Financing assets for tax write-offs still requires paying the full purchase price over time
• After claiming depreciation, loan payments become essentially non-deductible, creating "paper income"
• Selling assets before their useful life creates depreciation recapture taxed at ordinary income rates
• More balanced tax strategies include income shifting, entity structuring, and hiring family members
• The Augusta Rule and employing children can provide up to $100,000 in deductions without creating future liabilities
• Prioritize assets that generate sufficient returns to justify their purchase beyond just tax benefits
• Smart tax planning considers both immediate savings and long-term financial implications
To learn how these concepts apply to your specific situation, visit prosperlcpa.com/apply and schedule a consultation.
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What are you thinking about as far as tax planning as we reach the mid-point of 2025? While we eagerly await finalized legislation, we're focusing on foundational tax reduction methods that require little cash outflow while delivering substantial benefits. Some topics discussed with our clients and in this episode include...
• Augusta Rule allows business owners to rent their home to their business for up to 14 days tax-free, potentially creating $42,000 in deductions
• Hiring family members can generate significant business deductions while keeping money within the family
• Solar panel investments offer both immediate tax credits and potential positive cash flow through energy savings
• Medical expenses can be converted to valuable business deductions through proper fringe benefit structuring
• Advanced charitable strategies can eliminate up to 60% of taxable income at a fraction of the cost
• Building systems around these strategies creates compounding tax benefits regardless of future tax law changes
If you want to learn more about these strategies, go to prosperalcpa.com/apply for a personalized review of your situation, or visit taxplanningchecklist.com for our mini course.
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If you have any interest in learning how we can help you win the tax game, go to prosperalcpa.com/apply. Also check out our free tax planning checklist and mini course at taxplanningchecklist.com.
Money mindset directly impacts our business decisions and financial success, often in ways we don't consciously recognize. Mindset coach Renata explores how our past experiences create the lens through which we filter all money matters and business choices.
• Our past experiences create the lens through which we filter everything, including our relationship with money
• Victimhood mentality prevents us from seeing opportunities and taking responsibility for our situations
• Fear-based decision making often leads to poor business choices and financial results
• Pricing struggles usually stem from deeper issues of self-worth and value perception
• Releasing control allows business owners to focus on systems improvement rather than firefighting
• Risk tolerance in financial decisions reflects our belief about whether we'll ultimately be okay
• Financial anxiety often comes from projecting worst-case scenarios rather than present reality
• Building confidence comes from shedding limiting beliefs rather than trying to "become" confident
• Leading by example creates a multiplying effect that attracts like-minded people and opportunities
To learn more about Renata, go to https://renatamazu.com/
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PS. Whenever you're ready, here are some ways we can help with reducing your taxes...
Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com
At the very least, get on our newsletter to gain access to free live events and exclusive insight you won't find anywhere else: https://www.prosperlcpa.com/newsletter-subscription
Get your FREE Personalized Tax Planning Video at: https://www.prosperlcpa.com/5minutetaxplan
We've evolved from focusing solely on real estate tax strategies to becoming holistic tax planners who consider all income sources and create comprehensive tax-saving approaches. This shift occurred because many clients have diverse income streams beyond real estate, and others have lost interest in real estate due to market challenges or landlord burnout.
• The seven elements of holistic tax planning include examining all income sources, not just real estate
• Consider every asset - stocks, retirement accounts, real estate equity, business valuations - when planning
• Timing matters - look at prior, current, and future income to prevent taxation across your lifetime
• Family considerations should include spouse strategies, hiring family members, and estate planning
• Understand where your cash is going after tax events to align strategy with your true objectives
• Align tax planning with personal goals like retirement, business growth, or investment expansion
• Provide diverse strategies beyond the obvious - from charitable giving to advanced entity structures
• Each person has a unique "tax planning DNA" based on risk tolerance, liquidity needs, and preferences
Visit taxplanningchecklist.com for a high-level overview of potential tax opportunities, or go to prosperlcpa.com/apply for a free consultation to see how we can reduce your taxes.
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The strategic employment of family members offers significant tax advantages when implemented correctly, but widespread misinformation can lead to costly mistakes and potential audit issues.
• Pay family members based on work performed, not automatically the standard deduction amount
• Family Management Companies are problematic under scrutiny; consider legitimate alternatives like rental property employment
• Consider hiring spouses, parents, and siblings, not just children, to maximize tax benefits
• Maintain proper employment documentation including job descriptions, time logs and regular payroll systems
• Leverage family members' unique skills instead of limiting them to menial tasks
• Explore advanced strategies like education tax credits when hiring college-age children
Message me the word "workshop" with your email for free access to our detailed workshop on hiring family members. Visit prosperapcpa.com/apply to learn how our experts can help maximize your tax savings strategy.
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PS. Whenever you're ready, here are some ways we can help with reducing your taxes...
Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com
At the very least, get on our newsletter to gain access to free live events and exclusive insight you won't find anywhere else: https://www.prosperlcpa.com/newsletter-subscription
Let's look at how wealthy individuals create tax-free lifestyles through legal strategies that anyone can implement. From borrowing against assets to writing off hobbies as businesses, these approaches can dramatically reduce your tax burden while increasing cash flow.
• Borrowing against real estate, stocks, or life insurance policies creates tax-free cash flow
• Depreciation strategies can offset other income and potentially eliminate tax liabilities
• Converting hobbies into legitimate businesses creates write-offs for activities you already enjoy
• Business travel can become partially tax-deductible when properly structured
• Credit card points and rewards are completely tax-free forms of value
• Hiring family members, particularly children, creates tax advantages for both parties
• The Augusta Rule allows tax-free income when renting your home for 14 days or less annually
• Proper write-off strategies can save entrepreneurs hundreds of thousands in taxes
If you found any of this helpful and would like to know how to actually implement some of these ideas, or if you've done all these ideas but you're still paying a lot in taxes and want to know what else is out there, go to prosperalcpa.com/apply to see more about how we can help out.
Send us a text
PS. Whenever you're ready, here are some ways we can help with reducing your taxes...
Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com
At the very least, get on our newsletter to gain access to free live events and exclusive insight you won't find anywhere else: https://www.prosperlcpa.com/newsletter-subscription
Make the most of the available tax strategies for real estate investors and gain access to reliable guidance, expense templates and workpapers with our Essential Tax Planning for Real Estate Investors Course
We explore powerful tax strategies involving HSAs and HRAs with Dan Pavic to transform medical expenses into significant tax benefits and wealth-building opportunities.
• HSAs offer triple tax advantages: tax deduction for contributions, tax-free growth, and tax-free withdrawals for qualified expenses
• Health Savings Accounts allow for investment opportunities and unlimited rollovers, making them effective wealth-building tools
• Strategic HSA hack: pay medical expenses out-of-pocket, then reimburse yourself years later after funds have grown tax-free
• HRAs provide unlimited reimbursement potential versus HSA's $7,000 annual contribution cap
• Hiring your spouse creates a pathway for reimbursing family medical expenses through your business
• C-Corporations offer unique advantages for health reimbursements due to owner/entity separation
• You can combine HSAs and HRAs to maximize both unlimited deductions and tax-free growth
• HRAs can serve as affordable alternatives to traditional health insurance for employees
• Proper implementation requires formal documentation, compliant reimbursement procedures, and strategic entity structuring
Learn more from Dan at: Dan.Pavek@tasconline.com
Go to prosperlcpa.com/apply to explore how these strategies could fit your situation or email mark@prosperal.com for access to our upcoming workshop series on maximizing healthcare tax benefits.
Send us a text
PS. Whenever you're ready, here are some ways we can help with reducing your taxes...
Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com
At the very least, get on our newsletter to gain access to free live events and exclusive insight you won't find anywhere else: https://www.prosperlcpa.com/newsletter-subscription
Get your FREE Personalized Tax Planning Video at: https://www.prosperlcpa.com/5minutetaxplan
Make the most of the available tax strategies for real estate investors and gain access to reliable guidance, expense templates and workpapers with our Essential Tax Planning for Real Estate Investors Course
We reveal the most influential mentors who transformed our business into a 7-figure company with 15 team members and share the key wisdom gained from each relationship that created our success.
• Boxing trainer Wilfredo Ortiz taught us to push beyond where competitors stop and apply physical grit concepts to intellectual challenges
• Dominique Molina showed us how to discover the immense value in tax planning and implement value pricing instead of hourly billing
• Business coach Chuck Bauer introduced the concept of treating every hour as worth $1,000 and eliminating low-value activities
• Joe Polish's Genius Network revealed that any problem can be solved with the right connections and that businesses should be easy, lucrative, and fun
• Tax expert Tom Grzynski provides guidance through complex tax issues and gray areas where clear answers don't exist
• Each mentor connection led naturally to the next, creating a chain of growth opportunities
• Mary Forleo's concept that "everything is figureoutable" gives freedom to explore solutions beyond what seems immediately available
To learn more about how we implement these mentorship lessons and how we might help you with tax planning, visit prosperalcpa.com/apply for a free personalized video assessment.
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Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com
At the very least, get on our newsletter to gain access to free live events and exclusive insight you won't find anywhere else: https://www.prosperlcpa.com/newsletter-subscription
Get your FREE Personalized Tax Planning Video at: https://www.prosperlcpa.com/5minutetaxplan
Selling your business represents a transformational financial event that requires extensive tax planning and collaboration to avoid potentially massive tax overpayments.
• Notify your tax advisor immediately when considering selling your business
• Assemble the right tax team capable of exit planning - many CPAs lack this expertise
• Consider tax implications in negotiations - understand the differences between asset sales and stock sales
• Buyers typically prefer asset sales for immediate tax benefits and liability protection
• Sellers usually benefit more from stock sales but might accept lower prices
• Determine what you'll do with the sale proceeds - this affects your overall tax strategy
• Non-passive losses can offset capital gains - not just capital losses
• Real estate professional status combined with cost segregation can create substantial tax deductions
• Advanced strategies include owner financing, deferred sales trusts, and charitable structures
• Reliable books and records are essential for accurate basis calculation and asset valuation
If you need help with selling your business or rental portfolios and don't have the right team in place, reach out at prosperalcpa.com/apply.
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Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com
Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
At the very least, get on our newsletter to gain access to free live events and exclusive insight you won't find anywhere else: https://www.prosperlcpa.com/newsletter-subscription
Are you unknowingly falling into these 5 hidden state tax traps that could be costing you thousands? In this podcast, we break down the most overlooked state tax issues that business owners, real estate investors, and high-income earners often miss—and how you can maximize your tax savings and avoid compliance risks.
Here’s what you’ll learn:
- Why the location of your LLC doesn’t impact state tax obligations (and what actually matters).
- How losses from out-of-state properties might not offset your income where you live.
- The key differences between federal and state K1 income that could lead to costly errors.
- How to leverage state tax credits and pass-through entity tax elections for bigger deductions.
- The importance of timing your major financial moves to avoid high-tax states.
These practical strategies are designed to help you keep more of your hard-earned money, whether you’re navigating complex state tax rules or planning for long-term wealth-building. Don’t let hidden tax traps derail your financial goals—start optimizing today!
💡 Ready to take control of your taxes? Comment "TAX SAVINGS" to get the full episode, and download our free tax planning checklist for actionable insights tailored to your needs. Book your free consultation to explore how we can help you save more!
smarttaxplanning #limitedliabilitycompany #statetaxtraps #taxsavingsstrategies #highincomeearners
CHAPTERS:
00:00 - Intro
01:16 - LLC Location Strategies
02:45 - State Tax Loss Treatment
05:48 - Cost Segregation Benefits
09:31 - State Tax Credits Overview
11:29 - Timing for State Tax Opportunities
13:58 - 5 Overlooked Tax Strategies
15:16 - Getting Started with Tax Planning
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PS. Whenever you're ready, here are some ways we can help with reducing your taxes...
Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com
At the very least, get on our newsletter to gain access to free live events and exclusive insight you won't find anywhere else: https://www.prosperlcpa.com/newsletter-subscription
Unlock the secrets to saving big on taxes for high earners—join our FREE live Tax Q&A calls Wednesdays at 3pm EST Reserve your spot now at: https://www.prosperlcpa.com/live-qa
Get your FREE Personalized Tax Planning Video at: https://www.prosperlcpa.com/5minutetaxplan
Make the most of the available tax strategies for real estate investors and gain access to reliable guidance, expense templates and workpapers with our Essential Tax Planning for Real Estate Investors Course
Tom Gorczynski, enrolled agent and tax expert, joins us to debunk common tax planning misconceptions and reveal frequently missed opportunities that can cost taxpayers thousands of dollars. We explore how social media oversimplifications of complex tax strategies can lead to compliance issues and missed savings.
• Social media tax advice often omits critical nuance, making strategies seem simpler than they are
• Entity selection requires analyzing numerous factors beyond just income level
• The "family management company" scheme likely violates economic substance doctrine
• Common tax strategies like hiring children are legitimate but frequently misrepresented
• Section 199A deduction remains widely misunderstood and underutilized
• Quality tax preparation often costs more but provides significantly better ROI
• Tax professionals working excessive hours likely produce lower quality work
• Many business tax credits go unclaimed due to lack of awareness
• Reasonable basis standard allows taxpayers to take supportable positions even in gray areas
• Missing tax opportunities can cost hundreds of thousands over time
For more tax insights, subscribe to Tom's newsletter at TomTalksTaxes.com or explore continuing education at Compass Tax Educators.
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Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com
At the very least, get on our newsletter to gain access to free live events and exclusive insight you won't find anywhere else: https://www.prosperlcpa.com/newsletter-subscription
Unlock the secrets to saving big on taxes for high earners—join our FREE live Tax Q&A calls Wednesdays at 3pm EST Reserve your spot now at: https://www.prosperlcpa.com/live-qa
Get your FREE Personalized Tax Planning Video at: https://www.prosperlcpa.com/5minutetaxplan
Make the most of the available tax strategies for real estate investors and gain access to reliable guidance, expense templates and workpapers with our Essential Tax Planning for Real Estate Investors Course
Listen to Kris Bennett and Mark Perlberg break down the complexities of K-1 partnership tax forms for real estate investors, highlighting how understanding these documents can lead to significant tax savings and strategic investment planning.
• K-1 forms show your share of income flowing from a partnership investment, appearing different from W-2 or 1099 income
• Understanding capital accounts is crucial - a negative capital account doesn't mean you've lost ownership in the investment
• Real estate professional status can allow investors to deduct rental losses against active income
• Cost segregation studies generate significant tax benefits but must be strategically timed
• Depreciation recapture and capital gains taxes significantly impact investment returns when properties are sold
• Partnership structures make 1031 exchanges challenging without advance planning
• State tax implications differ from federal treatment, requiring careful consideration
• Suspended passive losses can offset future capital gains from real estate sales
• K-1 delays are common due to the complex nature of partnership tax accounting
• Advanced tax planning becomes increasingly valuable as investment portfolios grow
Learn more about tax strategies at taxplanningchecklist.com or connect with Kris Bennett at storageinvestorshow.com to discuss storage and flex space investment opportunities.
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Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com
At the very least, get on our newsletter to gain access to free live events and exclusive insight you won't find anywhere else: https://www.prosperlcpa.com/newsletter-subscription
Unlock the secrets to saving big on taxes for high earners—join our FREE live Tax Q&A calls Wednesdays at 3pm EST Reserve your spot now at: https://www.prosperlcpa.com/live-qa
Get your FREE Personalized Tax Planning Video at: https://www.prosperlcpa.com/5minutetaxplan
Make the most of the available tax strategies for real estate investors and gain access to reliable guidance, expense templates and workpapers with our Essential Tax Planning for Real Estate Investors Course
Tax credits offer dollar-for-dollar reductions in tax liability, making them substantially more valuable than deductions that merely reduce taxable income. The 45L tax credit provides qualifying real estate developers with $2,000-$5,000 per residential unit for energy-efficient new construction.
• Available to builders with tax basis in the property during development (track builders, not custom home builders)
• Requires construction of at least 40 residential dwellings annually to be cost-effective
• Pre-2023 properties needed to be 50% more efficient than 2006 IECC standards
• Post-2023 properties must meet Energy Star requirements
• Multifamily developers must meet prevailing wage requirements for the higher credit amount
• Properties can qualify for up to $5,000 per unit if they meet "zero energy ready" standards
• Credits can be claimed retroactively by amending returns from the past three years
• Professional assessment includes blueprint evaluation, energy testing, and certification
• Real estate developers may also qualify for R&D tax credits on engineering expenses
• Typical R&D credits amount to 7-10% of qualifying engineering costs
Visit the link in the show notes to schedule a free assessment with Sycamore Growth Group to determine if your properties qualify for these valuable tax credits.
To learn more about what they do at Sycamore Growth Group go to: https://www.sycamoregrowthgroup.com/
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At the very least, get on our newsletter to gain access to free live events and exclusive insight you won't find anywhere else: https://www.prosperlcpa.com/newsletter-subscription
Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
Get our free Tax Planning Checklist and Minicourse to make sure you're not giving the IRS more money than you have to! at https://taxplanningchecklist.com
Unlock the secrets to saving big on taxes for high earners—join our FREE live Tax Q&A calls Wednesdays at 3pm EST Reserve your spot now at: https://www.prosperlcpa.com/live-qa
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Zero-interest business credit cards offer a strategic way for real estate investors to fund properties without depleting personal savings and avoid the cost of traditional financing options. Brett's approach provides funding without impacting personal credit scores or debt-to-income ratios, allowing investors to scale their portfolios more effectively.
• Business credit cards don't check business income, tax returns, or require collateral
• Using 0% interest business cards doesn't impact personal credit utilization
• Qualifying typically requires 720+ credit score with clean history
• Maximum funding comes through business relationship managers, not online applications
• Balance transfers extend 0% periods for 3-5 years with minimal fees
• House flippers use this for "gap funding" between projects
• Down payments can be funded by liquidating credit card funds (not direct purchases)
• Strategy pairs well with tax advantages like cost segregation studies
• Minimum payments (typically 1% of balance) must be maintained during 0% period
• Multiple LLCs can be used to access additional rounds of funding
For more information or to learn about your funding potential, visit https://swiftlinecapital.com/ or text Brett at 803-240-9710 for a soft credit pull assessment with no personal information required.
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Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
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Unlock the secrets to saving big on taxes for high earners—join our FREE live Tax Q&A calls Wednesdays at 3pm EST Reserve your spot now at: https://www.prosperlcpa.com/live-qa
Get your FREE Personalized Tax Planning Video at: https://www.prosperlcpa.com/5minutetaxplan
Make the most of the available tax strategies for real estate investors and gain access to reliable guidance, expense templates and workpapers with our Essential Tax Planning for Real Estate Investors Course
Restricted Stock Units (RSUs) create significant tax challenges for high-income earners, as you're taxed on compensation that doesn't hit your bank account. Strategic tax planning can transform this liquidity problem into wealth-building opportunities through leveraged tax strategies that deliver immediate tax savings.
• RSUs tax you on company stock compensation without providing immediate cash flow
• Simply selling the stocks provides liquidity but misses tax optimization opportunities
• Advanced charitable deduction strategies can provide 2-3x return on investment through tax savings
• Equipment rental investments allow purchase with 10% down while generating depreciation to offset W-2 income
• Solar investments provide both depreciation benefits and tax credits
• Short-term rentals with material participation can reduce W-2 tax burden
• Oil and gas investments typically provide 80-90 cents of tax deduction per dollar invested
• High-income earners can offset up to $600,000 of W-2 income with strategic investments
• Implementation before year-end is crucial for maximum tax benefits
If you appreciate this and want to learn more, go to ProsperalCPA.com/apply or visit taxplanningchecklist.com for more education on minimizing your taxes.
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Ready to slash your tax bill? Schedule your free consultation, and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply. If you still need more time, here are other ways to win the tax game...
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Unlock the secrets to saving big on taxes for high earners—join our FREE live Tax Q&A calls on Wednesdays at 3pm EST. Reserve your spot now at https://www.prosperlcpa.com/live-qa
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Please make the most of the available tax strategies for real estate investors and gain access to reliable guidance, expense templates, and work papers with our Essential Tax Planning for Real Estate Investors Course.
Discover transformative insights into using retirement accounts for innovative investment strategies. Learn how private money lending and mortgage note investing can help you grow your wealth in a non-traditional but effective manner.
• Benefits of using self-directed IRAs for investment
• Brenda's transition from teaching to real estate investing
• Cindy's financial expertise and compliance importance
• Exploring private money lending efficiency and profitability
• Common mistakes to avoid in private lending and IRAs
• How to begin your journey with private money lending
To learn more about what Cindy and Brenda are doing go to:https://nls-usa.com/
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Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
At the very least, get on our newsletter to gain access to free live events and exclusive insight you won't find anywhere else: https://www.prosperlcpa.com/newsletter-subscription
Unlock the secrets to saving big on taxes for high earners—join our FREE live Tax Q&A calls Wednesdays at 3pm EST Reserve your spot now at: https://www.prosperlcpa.com/live-qa
Get your FREE Personalized Tax Planning Video at: https://www.prosperlcpa.com/5minutetaxplan
Make the most of the available tax strategies for real estate investors and gain access to reliable guidance, expense templates and workpapers with our Essential Tax Planning for Real Estate Investors Course
Engaging conversations reveal the influence of vulnerability and connection in entrepreneurship. Mark and Graham explore strategies for personal and professional growth, emphasizing the importance of shared experiences in leadership.
• Importance of masterminds for elevating business owners
• Role of vulnerability in fostering team trust
• Balancing metrics and authentic connections
• Challenges of delegation and empowering teams
• Innovative tax strategies for entrepreneurs
• Practical tips for personal growth and discipline
• Overcoming isolation in the entrepreneurial journey
• Enhancing communication in virtual environments
• Encouragement to redefine success beyond numbers
Learn more about Graham and Legacy Leader at: https://www.legacy-leader.com/
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Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
At the very least, get on our newsletter to gain access to free live events and exclusive insight you won't find anywhere else: https://www.prosperlcpa.com/newsletter-subscription
Unlock the secrets to saving big on taxes for high earners—join our FREE live Tax Q&A calls Wednesdays at 3pm EST Reserve your spot now at: https://www.prosperlcpa.com/live-qa
Get your FREE Personalized Tax Planning Video at: https://www.prosperlcpa.com/5minutetaxplan
Make the most of the available tax strategies for real estate investors and gain access to reliable guidance, expense templates and workpapers with our Essential Tax Planning for Real Estate Investors Course
The podcast episode reveals the transformative power of mastering credit card points, providing practical advice from expert Eli on maximizing travel experiences with savvy spending strategies. Listeners are introduced to key steps for optimizing their points, including selecting the right cards, maximizing their earned rewards, and creatively using points for luxurious travel experiences.
• Understanding tax savings through credit card strategies
• Historical insight on Eli's journey with credit cards and travel
• Importance of return on spend metrics
• Optimizing credit card point accumulation
• Maximizing the value of points through transfers
• Leveraging credit cards for business expenses, including payroll
• Unique applications for accumulated points as gifts or incentives
• Practical tips for high-value travel experiences
• Resources for further exploration and engagement
Learn more about Eli's system at: https://www.freedomtravelsystems.com/
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High-income earners can still take steps to reduce their past year’s tax burden even after the year has ended. This episode discusses strategies like improving record-keeping, utilizing Qualified Opportunity Zone funds, and leveraging solar investments to create significant savings.
• Emphasizing the importance of detailed record-keeping for identifying write-offs
• Highlighting the benefits of Qualified Opportunity Zone funds for tax deferral
• Discussing cost segregation strategies to enhance property depreciation
• Exploring contributions to tax-deferred retirement accounts post-year-end
• Detailing solar investments and associated tax credits as recovery methods
If you are making over $750,000 a year and you don’t have an advanced tax reduction strategy, you need to get with us and have a conversation about some of the more advanced things we do.
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This episode explores essential strategies for tax practitioners to elevate their practices through continuous learning, mentorship, and client-focused service. We discuss the importance of dedicated study, finding coaches, and the impact of empowering others to achieve collective success.
• Discussing the importance of continuous learning
• Outlining the significance of mentorship and coaching
• Emphasizing community engagement for professional growth
• Highlighting the value of providing exceptional client service
• Addressing the impact of leadership and empowering others
If you want to learn more and you want to maybe be one of our clients and see how some of these concepts can help you as a client, as always, go to prosperalcpacom slash apply and we are looking for great talent nonstop. Send us some smart, brilliant tax people. Please go to prosperocpacom slash recruiting. Have a wonderful day. We've got more great content coming your way.
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Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
At the very least, get on our newsletter to gain access to free live events and exclusive insight you won't find anywhere else: https://www.prosperlcpa.com/newsletter-subscription
Unlock the secrets to saving big on taxes for high earners—join our FREE live Tax Q&A calls Wednesdays at 3pm EST Reserve your spot now at: https://www.prosperlcpa.com/live-qa
Get your FREE Personalized Tax Planning Video at: https://www.prosperlcpa.com/5minutetaxplan
Make the most of the available tax strategies for real estate investors and gain access to reliable guidance, expense templates and workpapers with our Essential Tax Planning for Real Estate Investors Course
Tax planning goes beyond simply aiming for a refund; it’s about reinvesting that windfall into opportunities that foster long-term wealth. We explore strategies like paying off high-interest debt, business reinvestment, and various investment avenues such as real estate, oil and gas, life insurance, and Roth conversions to maximize your financial gains.
• Importance of managing credit card debt
• Reinvesting in business for higher returns
• Real estate as a significant wealth-building vehicle
• Exploring oil and gas investment benefits
• Utilizing life insurance for tax-advantaged growth
• Advantages of partnership interests in unique investments
• Stock investments and advantages of capital gains taxation
• Considering Roth conversions for future tax savings
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Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
At the very least, get on our newsletter to gain access to free live events and exclusive insight you won't find anywhere else: https://www.prosperlcpa.com/newsletter-subscription
Unlock the secrets to saving big on taxes for high earners—join our FREE live Tax Q&A calls Wednesdays at 3pm EST Reserve your spot now at: https://www.prosperlcpa.com/live-qa
Get your FREE Personalized Tax Planning Video at: https://www.prosperlcpa.com/5minutetaxplan
Make the most of the available tax strategies for real estate investors and gain access to reliable guidance, expense templates and workpapers with our Essential Tax Planning for Real Estate Investors Course
This episode highlights the surprising benefits of being a W-2 employee, emphasizing untapped financial advantages and a more stable lifestyle compared to entrepreneurship. We discuss practical strategies for maximizing tax benefits, maintaining work-life balance, and exploring opportunities to bridge entrepreneurial aspirations within traditional employment settings.
• Exploring the misconception that W-2 employment lacks financial advantages
• Discussing how steady pay and job security offer vital emotional comfort
• Revealing hidden tax strategies for W-2 employees to maximize savings
• Encouraging work-life balance through company-supported time off
• Offering ways to cultivate an entrepreneurial mindset within W-2 roles
• Explaining proactive tax withholding adjustments to improve cash flow
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Ready to slash your tax bill? Schedule your free consultation, and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply. If you still need more time, here are other ways to win the tax game...
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Unlock the secrets to saving big on taxes for high earners—join our FREE live Tax Q&A calls on Wednesdays at 3pm EST. Reserve your spot now at https://www.prosperlcpa.com/live-qa
Get your FREE Personalized Tax Planning Video at: https://www.prosperlcpa.com/5minuteta...
Ever wondered how to transform a "no" into "not right now"? Join us as we explore the twists and turns of failure and rejection in both personal and professional arenas. By sharing my own journey from a high school social studies teacher to an accounting professional, I promise to reveal the resilience and perseverance needed to navigate life's setbacks. Learn how embracing timing, humor, and resourcefulness can open unexpected doors, even in the face of challenges that initially seem insurmountable. Through heartfelt anecdotes and lessons learned, this episode offers insights into maintaining a positive outlook and staying true to oneself, even when the odds seem stacked against you.
Get ready for a conversation that not only acknowledges the sting of rejection but also highlights the beauty of bouncing back with grace. From embarrassing encounters with former co-workers to creatively overcoming a citywide hiring freeze in New York City, you'll discover how humor and a pragmatic approach can turn adversity into opportunity. We'll explore how, much like in the classic video game Super Mario, each setback is a chance to learn and reset. Reflect on your purpose and motivations, and find out how asking the right questions can provide clarity and direction in your career journey. Whether it's finding humor in adversity or drawing on resilience, this episode is your guide to thriving despite setbacks.
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Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
At the very least, get on our newsletter to gain access to free live events and exclusive insight you won't find anywhere else: https://www.prosperlcpa.com/newsletter-subscription
Unlock the secrets to saving big on taxes for high earners—join our FREE live Tax Q&A calls Wednesdays at 3pm EST Reserve your spot now at: https://www.prosperlcpa.com/live-qa
Get your FREE Personalized Tax Planning Video at: https://www.prosperlcpa.com/5minutetaxplan
Make the most of the available tax strategies for real estate investors and gain access to reliable guidance, expense templates and workpapers with our Essential Tax Planning for Real Estate Investors Course
This episode explores the financial benefits of solar investments, particularly how recent tax credits can significantly reduce costs for homeowners and businesses. It highlights strategies for leveraging these credits to create lucrative financial opportunities while contributing to sustainable energy solutions.
• Discussing the Investment Tax Credit and its current 30-40% rates
• Identifying additional tax credit opportunities for low-income and energy communities
• Benefits of solar installations on primary residences versus business properties
• Combining tax credits with depreciation for substantial savings
• Exploring solar panel rental business models as a financial strategy
• Importance of holistic tax planning with knowledgeable advisors
• Transitioning quarterly tax payments into solar investments for liquidity and savings
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Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
At the very least, get on our newsletter to gain access to free live events and exclusive insight you won't find anywhere else: https://www.prosperlcpa.com/newsletter-subscription
Unlock the secrets to saving big on taxes for high earners—join our FREE live Tax Q&A calls Wednesdays at 3pm EST Reserve your spot now at: https://www.prosperlcpa.com/live-qa
Get your FREE Personalized Tax Planning Video at: https://www.prosperlcpa.com/5minutetaxplan
Make the most of the available tax strategies for real estate investors and gain access to reliable guidance, expense templates and workpapers with our Essential Tax Planning for Real Estate Investors Course
Discover key strategies for real estate investing with insights from Mike—a seasoned investor and fractional CFO. Learn how mastering cash flow statements can drive smarter investment decisions and higher returns. Mike shares his journey from military service to building a strong real estate portfolio, highlighting the importance of aligning strategies with personal goals. Whether aiming for tax savings or long-term cash flow, this episode provides practical tools for financial success.
We discuss how CFOs can transform business strategies beyond numbers. Mike shares a case study where shifting from wholesaling to double closings boosted profits by 300%. Clean bookkeeping and metrics like gross profit and cash flow ratios offer a competitive edge, even for small businesses navigating market cycles.
With rising interest rates and tight supply, investors are adapting strategies—moving from fix-and-flip to direct seller deals, wholesaling, and novations. We also cover strong business practices, team empowerment, and systems like EOS for sustainable growth. Improve leadership, communication, and efficiency to retain talent and thrive in today’s market.
You can email Mike at: michaelglaspie@g2businesssolutions.com
and to learn more about his company, go to https://www.g2businesssolutions.com/
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Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
At the very least, get on our newsletter to gain access to free live events and exclusive insight you won't find anywhere else: https://www.prosperlcpa.com/newslette...
Unlock the secrets to saving big on taxes for high earners—join our FREE live Tax Q&A calls Wednesdays at 3pm EST Reserve your spot now at: https://www.prosperlcpa.com/live-qa
Get your FREE Personalized Tax Planning Video at: https://www.prosperlcpa.com/5minuteta
Book a free consultation w/ Patra at: https://www.thenestwealth.com/meeting
Curious about how you can make the most of your investments in the oil and gas industry while navigating through complex tax benefits? This episode promises to equip you with a comprehensive understanding of both the economic advantages and the potential challenges of investing in this capital-intensive sector. Hosted with a focus on interaction and learning, we guide you through the intricate world of oil and gas investments, emphasizing strategic timing and asset class selection that can elevate your investment portfolio.
Join us as we unpack the nuances of tax benefits, such as intangible drilling costs and depletion allowances, which can significantly reduce your tax implications. We engage with the critical macroeconomic trends influencing the industry, including the transition to green energy and the impact of ESG criteria on private equity. Our discussion also casts light on the current energy landscape, revealing untapped opportunities for private capital due to the funding gap in oil and gas and the ongoing reliance on fossil fuels.
To round out your understanding, we delve into the varied investment strategies at your disposal—from royalty rights to working interests—and explore tax strategies that can enhance your returns. Our conversation extends to practical advice for navigating the operational structure of the industry, the importance of consulting with a CPA, and the potential risks involved. With this episode, you can expect to leave with a well-rounded perspective on how to leverage oil and g
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Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
At the very least, get on our newsletter to gain access to free live events and exclusive insight you won't find anywhere else: https://www.prosperlcpa.com/newsletter-subscription
Unlock the secrets to saving big on taxes for high earners—join our FREE live Tax Q&A calls Wednesdays at 3pm EST Reserve your spot now at: https://www.prosperlcpa.com/live-qa
Get your FREE Personalized Tax Planning Video at: https://www.prosperlcpa.com/5minutetaxplan
Make the most of the available tax strategies for real estate investors and gain access to reliable guidance, expense templates and workpapers with our Essential Tax Planning for Real Estate Investors Course
Discover wealth-building secrets the ultra-wealthy rarely share. Join us as Dave Walcott leads a transformative discussion on holistic tax planning, moving beyond standard strategies like cost segregation. Learn how compounding wealth through strategic tax planning can yield greater returns than traditional investments. With insights from his personal journey, Dave introduces a five-phase framework to navigate investments with clarity, focused on financial independence.
We'll explore the shift from corporate life to a successful tax planning practice, highlighting the impact of continuous skill-building. Challenge the Wall Street mindset by understanding how the ultra-wealthy favor tax-efficient investments, such as real estate and private equity, over stocks and 401ks.
We’ll also delve into innovative strategies for tax-free 401k withdrawals, utilizing dependent care credits to avoid penalties, and compare the tax benefits of oil and gas versus real estate within a diversified portfolio. As the year ends, our expert tips will help you maximize savings and reinforce your path to financial freedom. to learn more about Dave go to: https://pantheoninvest.com/
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Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...
At the very least, get on our newsletter to gain access to free live events and exclusive insight you won't find anywhere else: https://www.prosperlcpa.com/newsletter-subscription
Unlock the secrets to saving big on taxes for high earners—join our FREE live Tax Q&A calls Wednesdays at 3pm EST Reserve your spot now at: https://www.prosperlcpa.com/live-qa
Get your FREE Personalized Tax Planning Video at: https://api.leadconnectorhq.com/widget/survey/Ej3uIWBz8ZzSbOIjlhR9
Make the most of the available tax strategies for real estate investors and gain access to reliable guidance, expense templates and workpapers with our Essential Tax Planning for Real Estate Investors Course
In this episode of the Progress CPA podcast, we understand entrepreneurs' challenges when making sense of their financial numbers, profit margins, and investment returns. Whether you're running a business with a small team or managing a more extensive operation, understanding your financials is critical to making informed decisions. Patty Lawrence, a seasoned CFO, joins us and shares insights on the importance of having a solid financial team, the difference between bookkeepers and CFOs, and when it’s time to level up your operations. If you want to make better financial decisions, this episode is for you. Tune in to discover strategies for managing your finances, avoiding costly mistakes, and maximizing your business potential.
To learn more about Patty Lawrence and her offerings, go to:https://turboexecs.com/
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Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: www.prosperlcpa.com/apply
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Unlock the secrets to saving big on taxes for high earners—join our FREE live Tax Q&A calls Wednesdays at 3pm EST Reserve your spot now at: https://api.leadconnectorhq.com/widget/form/zQ2vD3JHLDpisIuO9n4E
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Signup for our Essentials of Real Estate Tax Planning Course at: https://mark-perlberg.mykajabi.com/offers/meLbFMwG. The course will count toward any of our services.
In this insightful video, Michael Rozbruch, a CPA and certified tax resolution specialist, shares valuable strategies for building a highly profitable tax resolution practice. From overcoming career shifts to understanding crucial IRS procedures, he explains how to effectively manage tax issues and help clients get out of debt. If you’re an entrepreneur, CPA, enrolled agent, or attorney looking to grow your business through tax resolution, this video is a must-watch. Learn to take advantage of the Tax Reform Act, manage IRS notices, and develop profitable client strategies!
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💬 Comment "COURSE" to get access to our FREE tax resolution training!
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In this episode, you'll hear the incredible story of Michelle, an immigrant from Honduras who transformed her life through real estate after ditching the corporate grind. Along with her husband, she's flipped over 5,000 pieces of land—avoiding the headaches of contractors and competition that come with house flipping. The simplicity and scalability of land flipping didn't just bring in massive cash flow; it set them up to invest in over 1,000 multifamily units.
But what really sets Michelle's journey apart are the advanced tax strategies that have fueled their growth. We’ll unpack how they've navigated the tricky waters of broker-dealer status, self-employment taxes, and unique tax exemptions that allowed them to flip land without recognizing income upfront. This episode highlights the critical role of strategic tax planning and how a specialized CPA can be the difference between success and failure in real estate.
And it doesn’t stop there. Michelle’s 16-year-old daughter just flipped her first piece of land, proving that real wealth isn’t just about dollars and cents—it’s about passing down entrepreneurial skills that last for generations.
If you’re an affluent entrepreneur looking to maximize your wealth, now is the time to take action. Schedule a 50-minute discovery session with our CPA firm to learn how advanced tax strategies can protect and grow your wealth. Click here to get started: https://calendly.com/d/3w4-27y-k3t/50-minute-discovery-session
To learn more about Michelle, go to: https://orbitinvestments.com/multi-family/
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Imagine offsetting your W-2 income with tax deductions from a side business like renting out heavy machinery or solar panels. Join us as we bust the myth that tax savings are only for entrepreneurs and explore practical strategies that can benefit anyone. From leveraging charitable tax deductions to investing in tax-advantaged opportunities where savings exceed initial costs, this episode is packed with actionable insights to help you reduce taxable income, generate cash flow, and build long-term wealth.
We take a deep dive into the wealth-building potential of real estate investments, showcasing short-term and long-term rental strategies, cost segregation studies, and the incredible tax benefits of having a spouse as a real estate professional. Discover the advantages of qualified opportunity zone funds, and passive investment vehicles like ATM funds, car washes, and self-storage. Learn advanced techniques to offset large capital gains from tech startup investments and understand the importance of vetting investment funds to avoid scams. Tune in for a comprehensive guide to accelerating your financial freedom and achieving long-term goals through savvy tax strategies.
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To become a client go to https://membership.markperlbergcpa.com/apply
Can the right tax strategist transform your financial future? Join us as we uncover the essential steps to finding a competent tax planner who can navigate the complexities of your finances—from real estate to investments and estate planning—without costing you a fortune. We’ll guide you through the critical process of due diligence and explain why recommendations from peers with similar financial situations can be invaluable. Discover how to evaluate potential tax planners based on their communication skills, proactive approach, and track record with clients resembling your profile.
For elite entrepreneurs, the choice between a compliance-focused firm and a strategy-focused one could make a significant impact on your bottom line. While the latter may come with higher fees, the sophisticated, value-added strategies they offer can translate into substantial tax savings. We'll provide practical advice to avoid overpaying for professional services while securing top-quality tax planning. Tune in for actionable insights on vetting the right tax strategist to maximize your tax savings and streamline your financial health. For more in-depth guidance, visit www.prosperlcpacom.
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Can traditional CPAs really optimize your tax savings, or are they leaving money on the table? This episode of our podcast takes you through the untapped potential of strategic tax planning specifically tailored for real estate investors and entrepreneurs. We dissect the common pitfalls and misconceptions that plague the industry—like the mishandling of 1031 exchanges and improper cost segregation—highlighting the importance of professional guidance to build lifelong and generational wealth. Through compelling case studies, we illustrate the dangers of self-diagnosed tax strategies and the critical role of proactive planning to maximize tax benefits.
We also explore how even those with more modest incomes can leverage tax planning to their advantage. From converting tax-deferred assets to Roth accounts to utilizing the standard deduction for substantial long-term savings, we uncover strategies that can benefit everyone. We delve into the specific tax incentives for real estate investors and entrepreneurs, including cost segregation and short-term rental tax treatments, breaking down the complexities into actionable insights. Finally, we introduce our comprehensive real estate tax planning course aimed at equipping you with the practical tools needed to achieve your financial goals. Don't miss this opportunity to revolutionize your approach to tax planning and secure your financial future.
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Ready to transform your real estate game? Today, we’re joined by Daniel Brown, a British entrepreneur who left behind a successful chain of jewelry stores in the UK to make his mark as a real estate developer in the US. Gain valuable insights as Daniel recounts his transition from rental properties and house flipping to new construction, sharing the rewards and pitfalls of each investment type. Learn about the tax implications specific to these ventures and the importance of maintaining liquidity and a robust tax strategy to ensure long-term success.
Continuous learning is crucial in evolving industries, and we dive into the importance of investing in educational opportunities and effective networking. Hear about the transformational impact of joining networks like the Genius Network, which led to a 10x return on investment. We cover practical techniques for applying acquired knowledge efficiently—avoiding the traps of intellectual overstimulation—and leveraging tools like ChatGPT for summarizing key points. Discover the benefits of team book clubs and revisiting impactful books for ongoing growth.
Finally, we tackle the complexities of real estate investment funding strategies and efficient inventory tracking. Daniel shares how he leveraged capital from his previous business and attracted private investors, emphasizing the balance between sufficient working capital and avoiding idle money. We discuss the role of modern tools like QuickBooks for streamlined bookkeeping and highlight a special investment opportunity with Brownstone Capital Investments' 506C fund. Offering a diversified and agile approach to real estate investment, this fund aims for promising returns while spreading risk. Tune in for a practical, insightful, and actionable episode that could significantly boost your real estate ventures!
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How do you create significant tax savings without getting on the IRS's radar? Join us as we break down the unique tax planning DNA that can help you legally minimize your tax liabilities. From conservative to aggressive strategies, we discuss how to optimize write-offs and substantiate deductions with precision. Learn how open dialogue with tax advisors can align your financial goals—be it liquidity, cash flow, or future wealth creation—with optimal tax outcomes.
Ever thought about leveraging your investments for tax advantages? We explore how intangible drilling cost deductions can offset your W-2 and business income, and why proper documentation is key when hiring family members. Discover the tax benefits of investing in real estate syndications, energy-efficient technologies, and more. We also shed light on various business tax incentives and credits, emphasizing that strategic tax planning is a legitimate and effective way to save considerable amounts annually. Don't miss this opportunity to learn how to navigate the tax code and maximize your savings!
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Join our special guest, Eric Cooper, founder of Sooner Private Financial Council and Sooner Business Advisors. Eric joins us to share his expertise on the power of teamwork in maximizing your wealth while minimizing taxes. Learn how affluent individuals and business owners can benefit from having a unified team of advisors who work seamlessly together, ensuring that your financial strategies are both efficient and effective.
Learn how general financial advisors, CPAs, and attorneys can collaborate to optimize your wealth management. Eric walks us through practical examples, such as utilizing Opportunity Zone investments and derivatives, that illustrate how an integrated approach to tax planning can lead to substantial financial gains and reduced tax liabilities. We dig into the importance of proactive planning to secure your financial future without falling into the trap of proportional tax increases.
We also explore the holistic benefits of coordinated financial planning and the peace of mind it brings. Eric emphasizes the importance of taking inventory of your current team, identifying any gaps, and fostering better communication among your advisors. Plus, get a sneak peek into our upcoming live events in the Northeast and St. Petersburg, Florida, where you'll gain even more insights into effective estate planning, tax efficiency, and wealth building. Don’t miss this chance to elevate your financial strategy and safeguard your legacy.
To learn more about Eric, email:eric.cooper@soonerpfc.com
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It's time we discussed your parent's financial future with our latest episode on tax and estate planning for elderly parents. We promise you'll walk away with actionable strategies to preserve wealth, minimize taxes, and ensure the well-being of your aging loved ones. From setting up trusts to leveraging life insurance, we cover essential tactics to safeguard assets and secure a steady income stream through annuities. Don’t miss our comprehensive guide that offers invaluable insights into maintaining financial stability for future generations.
We'll cover how to maximize wealth transfer and minimize tax liabilities, and learn the advantages of annual gift exclusions and Roth IRA conversions. We will discuss the importance of coordinating with tax planners, estate attorneys, and financial advisors to make optimum decisions for your family's legacy. This episode is packed with expert advice and practical steps to protect against excessive government taxation and ensure proper asset administration. Tune in to fortify your estate planning toolkit!
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To learn more about becoming a client go to: https://membership.markperlbergcpa.com/apply
It's time to debunk some of the most misleading tax advice that could be costing you money and peace of mind. Ever heard that you need an LLC to claim tax deductions? Think again! We'll reveal why this is a myth, and show you how the tax treatment of your business expenses remains the same whether you have an LLC or not. We’ll also break down the crucial differences between sole proprietorships and LLCs, emphasizing that asset protection, not tax benefits, should guide your decision.
We’ll guide you through smarter, more sustainable ways to achieve tax deductions without making impulsive purchases like luxury cars. Learn how investing in real estate or setting up an S corporation can provide significant tax advantages. Curious about short-term rental investments or if you can claim pet expenses as tax deductions? We’ll tackle these topics too, highlighting the potential pitfalls and benefits. Tune in for practical, actionable advice that will help you avoid overgeneralized and misleading tax tips, ensuring you make well-informed decisions for your financial future.
To learn more about our services go to: https://membership.markperlbergcpa.com/apply
Curious about the difference between income and wealth, and how to transform one into the other? Join us as Krisstina Wise, founder of Wealthy Wealthy, shares her transformative journey from earning a considerable income to encountering financial disaster. Krisstina 's story unveils the shortcomings of traditional financial education and underscores the necessity of running a personal profit and loss statement for household profitability. Learn the secrets of growing both income and wealth throughout your career to achieve ultimate financial freedom.
Entrepreneurs face unique challenges in balancing business growth with personal wealth accumulation. This episode delves into effective money management strategies, stressing a profit-first mentality and the importance of setting aside a consistent percentage of revenue for profit. Krisstina highlights how neglecting profitability in favor of top-line revenue can be detrimental and shares insights on budgeting for taxes and profits, particularly for real estate investors. These strategies are designed to provide clarity and sustainability in business growth and wealth building.
Real estate investment offers both short-term income and long-term wealth-building opportunities. Krisstina discusses the merits of a measured and conservative approach, the pitfalls of over-leverage, and the necessity of maintaining liquidity. By adopting a "get rich slow" mentality, you can navigate market unpredictability and regulatory changes with confidence. Krisstina also emphasizes the importance of understanding your financial numbers and delegating tedious tasks to professionals, ensuring you stay focused on strategic growth.
To hear more from Krisstina check out her site at: https://wealthywellthy.life/ and go to her Youtube channel:@kristinawise https://www.youtube.com/@krisstinawise
What would you do with $25 billion? Join us for an enlightening conversation with Justin Krane, a Certified Financial Planner, as we explore the realms of purposeful finances. We delve into the importance of philanthropy, fostering entrepreneurship, and the personal journeys that led us to embrace entrepreneurial paths over traditional corporate roles. Justin shares invaluable insights on overcoming societal and familial pressures to find a career aligned with one’s strengths and passions, making this episode a must-listen for aspiring entrepreneurs and business owners alike.
In the latter part of our discussion, we tackle strategic tax planning with a focus on Roth conversions and cost segregation studies. Discover how to leverage operating losses and business depreciation for tax savings, and understand the complexities of required minimum distributions (RMDs) and Social Security on retirement income. We provide practical advice on timing Roth conversions to maximize tax-free growth, updating estimated tax payments, and the benefits of the PTE tax election for high-income earners in high-tax states. Tune in for a motivating episode that empowers you to take control of your financial future with actionable strategies and expert guidance from Justin Krane.
To connect with Justin Krane on linkedin go to:https://www.linkedin.com/in/justinkrane/ and to learn more about his services visit https://kranefinancialsolutions.com/
And if you or someone you know is interested in our services, go to https://www.markperlbergcpa.com to learn more
Join us for an informative episode of the Mark Perlberg CPA Podcast as we welcome Dale Wills, an experienced developer and syndicator. Dale shares practical insights on tax strategies, project management, and investment opportunities, drawing from his journey of building over 1,500 homes and launching his real estate investment fund.
In this episode, we explore the value of continuous learning and building a strong peer group through podcasts, books, and seminars. Dale also discusses his experiences during the 2008 market collapse and his approach to REO properties, providing strategies for resilience in uncertain times. With over 30 years of experience, Dale offers valuable perspectives on mortgage interest rates and future trends for both new and seasoned investors.
Additionally, Dale shares his expertise in financial and project management, especially when dealing with contractors. Learn about the risks of upfront payments and how to structure contracts to protect cash flow and ensure timely project completion. We also cover advanced tax strategies, such as bonus and accelerated depreciation, and discuss innovative investment opportunities in the next phase of our housing development project. This episode is filled with expert advice on real estate investment.
To learn more about Dale and what he's working on go to: https://www.centrahomes.com/
To become a client go to: www.markperlbergcpa.com
Navigating the Short-Term Rental Loophole: Smart Strategies from Your Friendly CPA
Welcome to our deep dive into the world of short-term rental investing! As enticing as the tax benefits and wealth creation opportunities may seem, it's crucial to approach the short-term rental loophole with caution and a well-thought-out strategy.
Understanding the Nuances
Before diving in, it's essential to understand the intricacies involved:
- Average Stays: The duration of guest stays can significantly impact your tax classification and the associated benefits.
- Material Participation: Active involvement in the management and operations of your rental can determine whether your rental activity is considered passive or non-passive, affecting how losses are treated.
- Non-Passive Losses: These can offset other types of income, but qualifying for non-passive status requires meeting strict criteria.
Market Complexities
The short-term rental market is not without its challenges:
- Market Saturation: Increased competition can affect occupancy rates and profitability.
- Limits on Excess Business Losses: Recent tax laws cap the amount of business losses you can use to offset other income.
- Phasing Out of Bonus Depreciation: The gradual reduction of bonus depreciation can impact your tax deductions over time.
Strategic Investment
Success in short-term rentals demands more than just a cursory glance at potential profits. A comprehensive understanding of the financial landscape is key.
Savvy Tax Strategies
To help you navigate these waters, we offer smart strategies that can enhance your tax efficiency without falling into common traps:
- Cash-Out Refinancing: Leveraging your property’s equity to reinvest in your portfolio.
- 1031 Exchanges: Deferring capital gains taxes by reinvesting in like-kind properties.
- Roth IRA Conversions: Taking advantage of potential tax-free growth by converting traditional retirement accounts.
Achieving Real Estate Professional Status
For those aiming to qualify as a real estate professional, we discuss the significant tax advantages this status can confer, such as the ability to offset a larger portion of your income with real estate losses.
Join us as we guide you through these alternative pathways to financial efficiency, helping you deploy your time and resources strategically for maximum gain. With the right approach, you can turn the competitive world of real estate investment into a profitable venture while staying on the right side of tax regulations.
Let's dive into the what the Short Term Rental really is, and how the IRS's unique treatment of short-term rentals can work to your advantage, the stark differences between passive and active income, and how savvy application of IRS Code Section 469 and cost segregation can maximize your real estate investment returns.
We'll clear up what you need to know about material participation criteria, the 7 days or less rule, and how you may be able to see major tax benefits from STR's. Grasping just one of the seven tests laid out by the IRS could be your golden ticket to mitigating tax liabilities across various income streams. We discuss how the 'substantially all' provision, the 100-hour rule, and first-year strategies can be game-changers in your investment portfolio.
Finally, we tackle the myths clouding the short-term rental tax space, bringing clarity to this high-reward sector. While the allure of tax benefits is strong, the commitment required to manage these properties is substantial. We discuss the realities of short-term rental investments, balancing warnings with the undeniable opportunities that await hands-on investors. For those ready to embrace the challenge, this episode is your guidepost to a more prosperous investment journey.
This episode isn't just about where to put your dollars—it's about making them work smarter. Chris breaks down his 'DIAL' framework—Depreciation, Income, Appreciation, and Liquidity—that'll have you assessing investment opportunities like a seasoned pro. We also dissect the unique investment prospects of car washes and mobile home parks, providing an eye-opening perspective on how these assets can align with your financial goals.
Venture into the world of value-centric business models with us into the lucrative car wash industry and draw parallels with Chick-fil-A's notable service standards. We lay out a blueprint for constructing a business that's not only about efficiency and customer satisfaction but also structured for a profitable future. Whether you're enticed by the promise of tax advantages or the allure of a solid business strategy, this episode offers the wisdom to navigate the complexities of real estate investments and entrepreneurial undertakings.
To learn more about Chris, go to:https://nextlevelincome.com/
If you're interested in joining the team or becoming a client, go to:www.markperlbergcpa.com
Discover the concept of infinite banking with financial expert Anthony, a former CPA turned life insurance strategist. In this enlightening episode, we dive into how real estate investors can leverage high cash value whole life insurance policies as a tool for continuous wealth accumulation. Picture a scenario where your investments grow through compound interest, unaffected by market swings, all while enjoying significant tax advantages. We explore this innovative financial strategy, where the convenience of a credit card meets the solidity of life insurance.
If you're concerned about unpredictable income and taxes, you'll appreciate our deep dive into how to effectively use whole life policies for entrepreneurial endeavors. Anthony reveals the optimal approach for making contributions and how aligning with a knowledgeable infinite banking professional can solidify your financial future. With the flexibility offered by infinite banking, devoid of government contribution limits, it becomes an appealing option for real estate experts and innovators seeking financial security and growth.
We guide you through our own journey of financial transformation, illustrating how to evolve from basic insurance plans to comprehensive wealth management frameworks, emphasizing the creation of emergency reserves that continue to foster capital growth. Moving beyond the complexities of the stock market, we demonstrate how integrating assets like real estate can pave the way to financial freedom, inspired by the principles in "Rich Dad Poor Dad." This episode is designed for anyone looking to build a financial ecosystem that actively supports their wealth goals, regardless of their experience level in investing.
To learn more from Anthony and his team go to:https://infinitewealthconsultants.com/
If you're interested in joining our team or becoming a client go to www.markperlbergcpa.com
Estate planning, often overlooked, is crucial to mitigating the potential for hefty tax impacts, with possible taxation reaching up to 40% of one's assets. In this enlightening episode, we join forces with Jaryd Green, a renowned expert in real estate investment and asset protection, to underscore the critical nature of estate planning for high-income individuals and entrepreneurs. Jaryd advocates for initiating estate planning strategies as early as age 18, exploring the protective measures of utilizing LLCs and trusts against the unpredictabilities of life.
We delve into how a deep understanding of estate planning intricacies and business configurations simplifies the complexity of FinCEN regulations. Jaryd addresses the widespread misunderstandings surrounding asset transfers, spotlighting the strategic application of trusts to achieve tax advantages, and discusses the specific challenges posed by state taxes and business planning. This episode is packed with tailored strategies for navigating the complexities of LLCs and trusts effectively.
Further, we examine the dynamic landscape of estate planning, touching on anticipated adjustments in federal estate tax exemptions and introducing strategies like the step-up basis benefit, adept gifting practices, and the strategic employment of irrevocable trusts. Whether you're contemplating an irrevocable life insurance trust, exploring the concept of pour-over wills, or aiming to refine your estate planning, our dialogue with Jaryd delivers the insights needed to ensure your planning is as strategic as it is customized to your unique legacy and wealth preservation goals.
To learn more form Jaryd, email: Jaryd@basattorneys.com
And if you're interested in becoming a client, go to www.markperlbergcpa.com
Dive into the essentials of a fruitful business exit with insights from Ellen Long and Randy D. Long. They emphasize the significance of initiating exit planning early to ensure a profitable and seamless transition, highlighting the crucial role of a skilled advisory team, including an accountant, lawyer, and business coach. Learn about the strategies that render businesses attractive to buyers, such as the importance of a robust management team and culture, alongside the advantages of proactive tax and estate planning to safeguard your profits.
Furthermore, Ellen and Randy delve into the management of wealth post-sale, stressing the need for strategic planning that aligns with your personal objectives and risk tolerance. They discuss formulating an investment policy designed for your life after the exit, balancing growth opportunities with the wisdom of wealth conservation. This episode offers valuable insights for entrepreneurs aiming for a successful exit and a thriving financial future.
To learn more about Randy and Ellen, go to: longbusinessadvisors.com, and to further explore hiring us or joining our team, go to www.markperlbergcpa.com
Join us for an exclusive conversation with Chris Miles, the visionary "anti-financial advisor," as we delve into the art of redefining traditional wealth management strategies. This episode is designed for the discerning high-income earner who seeks to challenge conventional financial wisdom. Chris, having achieved financial freedom by the age of 28 through his avant-garde approach to investment and cash flow, provides compelling evidence of his methods' effectiveness.
In this dialogue, we explore the sophisticated tactics for asset accumulation and income generation. I share my journey from the conventional path of mortgage reduction to leveraging equity for creating significant income streams. Together, we unravel the complexities of debt, demystifying common misconceptions about bank loans and investments. We shed light on how strategic debt management can be a powerful tool for accelerating wealth accumulation, and why misplaced investments might be inhibiting your financial growth.
Concluding our session, we provide exclusive insights into the lucrative world of real estate investment, showcasing how our clients have revolutionized their retirement planning. Uncover hidden gems in emerging markets and employ strategies that transcend ordinary financial planning. This episode is more than advice; it's about empowering you with the insights to curate a financial blueprint that embodies freedom and prosperity. Embark on this transformative journey towards financial independence with Chris Miles and myself.
To connect with Chris, email: chris@moneyripples.com or to learn more go to www.moneyripples.com
Embarking on a journey from auditor to CPA, real estate and taxes have intertwined in my life, shaping a path to financial liberation. Every brick laid in the foundation of a property can become a stepping stone to achieve your dreams, and today's episode is all about discovering just that. We start with the cornerstone of tax planning within real estate, unearthing how strategic approaches such as depreciation, cost segregation studies, and the coveted status of real estate professional can drastically minimize your tax obligations. Through heartfelt stories of clients who've seen the tides turn in their favor, I illustrate the monumental impact that meticulous tax planning can make, often resulting in savings that eclipse the initial property investment.
The art of maximizing tax benefits doesn't stop at clever planning but extends to the seamless integration of investment strategies into your daily grind. Even those anchored to a nine-to-five can harness the potential of real estate to cultivate negative income reports that work in their favor. By shedding light on how material participation can shape your fiscal future, I dissect the intricacies of navigating high state taxes and the necessity of a symbiotic relationship with a tax expert who can guide you through the evolving tax landscape. Whether you're a seasoned investor or just dipping your toes into the property market, you'll find actionable strategies to pivot your tax situation from liability to a powerful instrument of wealth.
Wrapping up this treasure trove of insights, we delve deep into advanced tax strategies and investment maneuvers. The episode culminates with a discussion on the nuanced magic of Roth IRA conversions in low-income years and the deft tactic of asset revaluation that can considerably cushion your tax blow during such strategic shifts. These are more than just stories; they are blueprints for anyone eager to turn real estate investments into a bastion of abundance and freedom. So tune in, as I demystify the complex dance between real estate investment and tax planning, setting the stage for you to potentially reshape your financial reality.
Join us for an empowering episode with tax expert Elizabeth, as we dive into effective tax strategies and wealth growth. Elizabeth shares her expertise on maximizing savings, planning for a bright financial future, and adapting to legislative changes. We'll explore the game-changing benefits of cost segregation studies in real estate and innovative retirement strategies, positioning you as a key player in investment.
Discover how to leverage cash value life insurance policies for a tax-advantaged financial stronghold, and compare the stability of Indexed Universal Life insurance against market-based policies. This episode is for the forward-thinking entrepreneur seeking to navigate the financial landscape with confidence and aim for a tax-free 2024.
Ready to transform your financial journey? Connect with Elizabeth at 312.933.7757
If you are interested in our services or know anyone who can join the team, go email info@markperlbergcpa.com.
Discover the keys to reducing your tax bill and enriching your retirement with tax expert Steve Jarvis, CPA. This episode is a goldmine of strategies for everyone, from forward-thinking millennials to those nearing retirement. We delve into proactive tax planning and its potential to significantly lower your tax burden over time. Steve shares expert advice on leveraging health savings accounts and mastering backdoor Roth contributions. Our discussion goes beyond numbers, focusing on smart life choices that complement tax efficiency for long-term financial growth.
Join us as we explore unique strategies in retirement investing. Learn how to transform your Health Savings Account into a financial powerhouse, and how to use your Roth for real estate investments. We discuss essential topics like required minimum distributions and tactics to reduce taxes during Roth conversions, aiming to create a portfolio resilient against IRS challenges and supportive of your retirement dreams.
We conclude with insights into the gig economy and its tax advantages. If you're juggling a W2 job and a side hustle, we reveal how to harness significant tax benefits. From Airbnb to Turo, we cover deductions that can substantially lower your tax liability. Beyond immediate benefits, we emphasize the importance of detailed, personalized tax planning as a foundation for wealth preservation. This episode is a must-listen for freelancers, consultants, or rental property investors, offering a roadmap to use the tax code to your advantage in wealth building.
To dive deeper into Steve Jarvis's insights, email steven@retirementtaxservices.com. If you're interested in becoming a client with Mark Perlberg CPA, or know someone who is, reach out to info@markperlbergcpa.com. Join us on this journey to financial empowerment and smarter tax strategies!
Ever wondered what separates the real estate millionaires from the deca-millionaires and centa-millionaires? This episode goes beyond the basic milestone of a seven-figure net worth and explores the strategies our high-net-worth clients use to achieve true financial freedom. We reveal how these savvy investors scale up in the real estate game, focusing on larger deals and leveraging other people's money for amplified asset acquisition and cash flow. By committing to a focused investment strategy and mastering their chosen real estate niche, they manage to strategically reduce their tax liabilities while climbing to eight or nine-figure fortunes.
We're sharing the insider knowledge that could be your ticket to monumental success in real estate. Our conversation unravels why the most successful clients steer clear of shiny object syndrome, opting instead for substantial investments that provide greater returns. You'll learn how strategic use of debt can expand portfolios and the power of tax advantages when dealing with large-scale properties. If you're ready to make the leap from playing it safe to playing big, this episode is packed with the critical behaviors and business actions necessary to elevate your real estate endeavors and potentially join the ranks of the industry's deca-millionaires.
Ready to decrease your tax liabilities and increase your savings? We promise to equip you with year-end tax planning strategies that can save you a fortune this tax season. We start by exploring the power of proper bookkeeping and the importance of entity structuring. You'll learn about minimizing adjusted gross income and harnessing tax credits to your advantage, especially if you're a high-income earner. We underline the significance of understanding tax deductions and foundational concepts for business owners. So, get your pens ready and prepare to take notes.
As we proceed, we'll share real-life examples and discuss various strategies for reducing taxes for business owners. You'll hear the story of a client who was able to write off 80% of the cost by investing in equipment and how stock losses can offset capital gains. We'll reveal the benefits of cost segregation for real estate owners and the tax deduction potential in investing in oil and gas. We wrap up by looking at how tax strategies can be used to grow and compound wealth.
What if you've been missing out on a secret trifecta that could catapult your real estate investing to the next level? Our guest today, Lane Kawaoka, a successful real estate syndicator, lifts the curtain on his one, two, three strategy that has propelled him from a W2 worker dabbling in single family rentals, to a distinguished industry player. He takes us on his journey, sharing how he transitioned to full-time real estate investing, and his key insights on why primary markets like California and New York aren't always the cash cow we imagine.
Lane walks us through his comprehensive approach, explaining how a blend of deals, taxes, and infinite banking can forge a path to your financial freedom. You'll hear about his experiences in multifamily business, his adaptations to high interest rates, and his invaluable advice on the importance of choosing the right mentors. We delve into his strategies in tax planning and investment, the do's and don'ts when offsetting capital gains from property sales, and his thoughts on the marketing tactics used in the industry.
We also had the pleasure of conversing with Lin about his passive real estate investing approaches and his upcoming book, The Wealth Elevator. He shared his thoughts on Lane's trifecta approach and how it could be a game changer. Lin and Lane's conversation is a must-listen for any serious real estate investor. Brace yourself for a wealth of knowledge and inspiration that might just pivot your real estate investing journey. Be sure not to miss this enlightening conversation!
To Learn more about Lane and what he does go to:https://simplepassivecashflow.com/
What if you could generate over $50,000 a month of passive income? Well, that's precisely what Joey Muir and Russ Morgan from Wealth Without Wall Street do. They've joined us to share their wealth of knowledge on unlocking various investment vehicles and how you can leverage tax strategies to your advantage. We discuss the potential pitfalls of trying to imitate the success of others and stress the importance of identifying who you are as an investor.
Imagine flipping land for profit and making use of tax savings opportunities, such as installment sales for undeveloped land lots. Joey and Russ not only envision this but bring it to life, sharing their personal experiences and the rewards they've reaped from their successful short-term rental business through rental arbitrage. They share their unique approach to owner financing and how it has empowered their operator. Also, we dive into the world of investor DNA profile assessments and how they can pinpoint the investment strategy that's perfectly tailored for you.
Finally, we delve into the fundamentals of successful investing such as controlling your capital, establishing passive income streams, and choosing the right entity structure to build a lasting legacy. Hear inspiring tales from their community members like Sid, who achieved an impressive $25,000 a month within 18 months. Joey and Russ also share their 100-year plan to pass their knowledge to future generations, emphasizing the importance of education in wealth continuity. Don't miss out on this incredible opportunity to learn from the masters of passive income and join their thriving community. Go to https://www.wealthwithoutwallstreet.com/!
We had a great talk with Rob Anderson of BV Capital, a company dealing primarily with multifamily, industrial, office, and mixed-use properties in Texas. Rob brought an unparalleled depth of understanding on how to successfully run a broker-dealer.
In this episode we explore Delaware Statutory Trusts, the benefits of leasing property before selling it, and why DST investments might just be the golden goose you've been searching for. We also untangle advanced tax advantages and retirement account strategies for real estate investments. Rob underlines the importance of consulting with an expert when it comes to 1031 exchanges and QIs, and we throw light on the benefits that a Roth conversion can bring to investors.
We also explore economic trends for real estate investing, and the potential power of artificial intelligence in business. Listen to Rob's insight into the dramatic decrease in multi-family construction starts in key Texan cities and what this could mean for the future. This episode is a cornucopia of insights, actionable advice, and intriguing narratives that will surely leave you wanting more!
To contact Rob, email:rob.anderson@bvcapitaltx.com and visit www.bvcapitaltx.com to learn more about his company.
Join us with expert Jason Puschel to discussDelaware Statutory Trusts (DSTs) - as a way to own a small piece of big properties and earn money without the hassle of managing them! Imagine owning a tiny piece of a big building and getting some money from it without doing much. Jason, who knows a lot about making DST platforms, will help us understand how this works easily.
We'll also talk about the tricky parts of using a DST with something called a 1031 exchange, which lets you swap one property for another without paying extra taxes right away. Jason will share tips on managing debt, choosing new properties within a 45-day window, and examples of properties you can get with DST, like college housing or commercial buildings.
We'll explore different kinds of DSTs, their financial perks, and how to exit them smoothly. Jason will share a special trick called "upreads" to access cash in a unique way and how to swap DST shares for units in a real estate investment trust (REIT). Lastly, we'll talk about often-missed topics like tax effects, saving on capital gains, planning estates, and how cost segregation affects your tax forms related to DSTs and UPREIT investments. Let's learn together about these smart real estate tax strategies!
Want to hear more from Jason? Email him at: jpueschel@alternativewm.com, and visit: alternativewm.com
Want to navigate oil and gas investments? Our talk with Steve Blackwell, CEO of InVito Energy Partners, offers key advice. He shares insights on assessing such investments, focusing on sponsors' and operators' backgrounds, team composition, and the ability to simplify complex evaluations and financial models. He also emphasizes the importance of low fees to ensure more of your capital is invested in assets.
Investing in oil is risky, but Steve guides us on risk assessment, discussing how to gauge project failure likelihood and wildcatting. He values historical production data and considers infrastructure crucial when evaluating investments. He also explains best and worst-case scenarios, providing a thorough understanding of possible outcomes.
Steve also explores oil and gas funds, tax considerations, and the potential for steady income from these investments. He explains fund evaluation, exit strategies, and the benefits of patience, like avoiding IDC recapture. We also delve into the advantages of oil and gas investments including tax deductions and long-term growth, and address intricate aspects of energy investments like the alternative minimum tax and intangible drilling cost deductions. Don’t miss this episode full of essential advice! For more, email: sblackwell@invitoep.com
It's so important to collaborate with your tax advisor, not just on business and investing events, but personal life events. Here's one example of how the client's baby created the opportunity for us to create hundreds of thousands in additional tax savings for our client by timing expenses and qualifying the client for a new tax election - the Real Estate Professional Tax Status. Other times, we've strategically planned around marriages, divorces, job changes and family needs to create transformational current and future years' savings. Make sure you're communicating any major life events and changes in your financials and business to a QUALIFIED tax advisor!
Wouldn't it be life-changing if you could mitigate capital gains and diversify your portfolio through real estate investing? Tune in as we host Justin White, a real estate wizard, who pulls back the curtain on the world of 1031 exchanges and qualified opportunity zones. We deep-dive into the intricacies of these investment strategies, helping you understand the tax benefits that could supercharge your profit margins. In particular we touch on captive qualified opportunity zones, and how one can access faster cash flow and more depreciation by investing into vehicles that are ready to operate immediately and offer greater depreciation. This combined with real estate professional tax status can be extremely impactful! Whether you're a seasoned professional or just dipping your toes into real estate investment, this discussion is a goldmine of insights.
As we progress, we address the pressing question of extending the 2026 deadline and reshaping the Opportunity Zone map to better serve the communities who need it most. We touch on the impact of Fortune 500 companies on these zones, with a special mention of the Gigafactory. Not to be missed is our exploration of the role of AI in the real estate business and the importance of customer service in enhancing your investment experience. Join us and elevate your real estate journey!
Looking to grow your business and save on taxes? Austin Pearson, certified financial planner and Backbone Planning Partners' co-founder, can help. He's an expert in cost segregation, bonus appreciation, and more, using these tools to reduce tax and plan for the future.
Focusing on businesses earning $3-50 million annually, Austin shares ways to move income and growth from the corporation to the owner. He discusses profit-sharing in 401k plans, cash balance plans, and using trusts, especially charitable trusts and Delaware Statutory Trusts for 1031s.
We conclude with financial planning for small businesses. Austin details how Backbone Planning accelerates client growth with strategies like cost segregation and exit planning. The importance of consistent advice is emphasized, along with Backbone's alignment with its clients. For more insights, check the I Coos podcast by Backbone. Grow your business while managing taxes. For more on Austin and Backbone, visit: https://www.backboneplanning.com/
"The Secret to Keeping More of Your Money: Real Estate Professional Tax Status Unveiled"
Ever heard the saying, 'it's not about how much money you make, but how much you keep'? It's time to put that to the test.
For many real estate enthusiasts, the Real Estate Professional Tax Status remains a key component to minimizing taxes and preserving wealth. Unlocking it could be the difference between mediocre and massive tax savings... Dive deep with us as we uncover the criteria to qualify, why it's so coveted, and how pairing it with positive real estate rentals can make the taxman blink twice.
But there's more:
- Strategy stacking: It's like 3D chess for your finances.
- Alternatives to the real estate professional tax status: Because one size doesn't fit all.
- Future-proofing against the ever-looming tax sword.
And here's where things get exciting:
What if you could redirect income streams to pockets of opportunity? Or what if there was a way to capitalize on the "job exit tax strategy" that can neutralize your capital gains tax? We explore these and other goldmine strategies, ending with a segment dedicated to revealing how real estate can transform the finances of those who feel shackled by over-taxation.
If you're asking, "How do I implement this in MY financial journey?" – we have an exclusive offer just for our valued listeners. Consider signing up for a discovery session with our firm, where we'll dissect and strategize specifically for your financial landscape. Don't miss out! Book Your Session Here!
Join us in this thrilling episode, and together let's redefine your financial destiny.
Ever wondered if you're overpaying taxes as a seven-figure business owner? Imagine transforming your tax fate with strategic planning. This episode is an eye-opener on minimizing your adjusted gross income, leveraging charitable tax planning, and maximizing tax credits. We delve into the nitty-gritty of creating business tax deductions from routine events, thus setting the foundation for long-term savings.
Get ready to redefine what you thought you knew about tax deductions! We explore overlooked incentives related to charitable giving and real estate investments, and the power of creating tax deductions that surpass the actual cost.
Finally, this episode is a goldmine for real estate developers! From the Employee Retention Tax Credit, Research and Development Tax Credit to Solar Business Tax Credits, we discuss all. Learn how to purchase tax credits from other entities, and how to create long-term tax savings. The cherry on top - we give you a step by step guide on how to create a financial vehicle to take full advantage of these incentives. We also share other creative options to help reduce your tax burden. Listen in and learn the art of successful tax planning.
Want to explore artificial intelligence and automation? This episode features AI expert Chris Tamm, who shares insights on AI's impact on real estate, including content creation and data extraction. We also discuss AI's natural language capabilities and robotic process automation, offering a glimpse into a future without mundane tasks.
Our journey explores data analysis possibilities, such as AI cleaning data, asking questions, and drawing inferences. Imagine chatbots simplifying search processes. We also cover robotic automation for tasks like data collection, potentially changing the game for rental property owners.
We conclude with thoughts on the future of robotics and AI, their revolutionary effects on work, and reflections on the potential transformations they can bring across industries. Get ready for an enlightening discussion on AI's exciting opportunities.
About Chris:
Chris Tamm has over 25 years of leadership experience in various roles, including real estate and insurance. As Founder/CEO of Ownership Mortgage and Ownership Insurance, he's helped many achieve financial goals. He's also the founder of Cast Services, an AI and automation firm. Learn more at www.christamm.com.
Ever wondered how to navigate the promising world of self-storage investing? Well, wonder no more as we bring in experienced entrepreneur and real estate investor, Elise Johnson, to share her wealth of knowledge. We'll discover how this industry offers a steady cash flow, notwithstanding the market's unpredictable roller-coaster ride.
In this insightful discussion, Elise uncovers the potential returns, the key role of cost segregation studies, and the tax benefits that can be reaped. We'll also zoom into the exciting tech advancements such as 24-hour rentals, e-signatures, and government-level identity verification that are reshaping this sector. Expect to be enlightened as we uncover how these innovations are revolutionizing the self-storage industry.
Finally, we share how you can reach out to Elise for those thirsty for more knowledge on self-storage investing. We'll take a peek at the complexities of the merger and acquisition process and underscore the significance of due diligence. Whether you're a greenhorn or an industry veteran, this episode promises to be a treasure trove of useful insights that can guide you through the universe of self-storage investing. Learn more about Storage Trader at: https://storagetrader.com/, and Tune in!
Join us with former IRS Agent Michael Raanan, to discuss how to protect yourself from the IRS! We will discuss what actions may increase your risk of audit, how to protect yourself in an audit, and how to resolve outstanding tax liabilities.
Former IRS Agent, Michael Raanan, MBA, EA, is known as the most sought after IRS Back Tax Expert in the tax relief community. He's famous for efficiently resolving IRS back taxes while protecting taxpayers and their assets, all without using pressure or scare tactics.
He's the proud founder of Landmark Tax Group™, and in 18 years has personally resolved over $500,000,000 in back taxes throughout the country.
To learn more about Michael, go to www.landmarktaxgroup.com
I had an amazing conversation with Jeremiah Boucher of @patriotholdings with his CFO, Chris Warfield, discussing his journey through alternative commercial investing, then breaking down the numbers and tax impact of investing in alternative commercial real estate. Listen as we discuss how he started from scratch and built a portfolio of $350 Million in Assets under management as documented in his book Finding Your Edge.
Have you considered investing in alternative commercial assets such as self-storage, industrial property or mobile home parks? These are all growing investments that can provide great returns. And you may also see significant tax savings to provide for cash flow, grow your wealth and possibly reduce your taxes! You can also invest passively in syndications such as Patriot Holdings where you'll hand off the management responsibilities to the general partners while taking your share of the profits and write-offs.
About Jeremiah:
Jeremiah Boucher is a value investor and the founder of Patriot Holdings LLC, and has specialized in the acquisition and development of alternative commercial real estate assets over the last 20 years. Coming from humble beginnings, growing up in Las Vegas and spending his summers working for his father’s paving company in New Hampshire, Jeremiah learned the real estate business from the ground up.
He has spent his entire career in the real estate business, first by quitting college at the age of 20 and diving into the industry as a real estate agent and single-family residential investor. He pivoted into manufactured housing parks and helped build one of the largest manufactured housing funds in the country. Eventually he separated his assets from the fund and created his own private equity and real estate management and development company, Patriot Holdings.
Visit Patriot Holdings to learn more at:https://www.patriotholdings.com/
What can you do to eliminate or reduce the tax impact of your real estate sales? While there are hundreds of strategies we consider for our clients, we discuss the most common and likely strategies for capital gains planning in additional to more advanced opportunities for larger transactions. Some of the topics covered will be:
How is Real Estate Capital Gains Taxed
How to Use Deductions to Offset Capital Gains
1031 Exchange
Delaware Statutory Trusts
Qualified Opportunity Zones
realestateinvestor #taxplanning
We do hundreds of tax returns each year for real estate investors and here are biggest missed deductions that may lead to you overpaying in taxes. To learn more about how we can help you in maximizing your tax deductions, email info@markperlbergcpa.com, and subscribe for more great insight!
This is one of the KEY factors that most people and their tax advisors forget to consider in tax planning... What Are Your Goals? Understanding the client's source of income and what they are looking to accomplish will impact what kinds of investments make sense from a tax perspective, and what tax strategies we can find for our clients. Some of the topics we discuss are:
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Short-Term Rental Investing
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Cash Flowing Rentals
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Oil and Gas
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Capital Gains Planning
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Retirement Accounts
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Life Insurance
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Alternative Investments
Join me for a conversation on key tax planning topics we're implementing with our clients. We also dive into expected changes in the tax code and how we can be proactive with our clients in creating future savings. Some of the topics we discuss are:
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Deductions
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Depreciation
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Self Employment Tax
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Entity Structuring
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Capital Gains Planning
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Charitable Deductions
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Future Tax Saving
Investing in oil and gas can build your wealth AND reduce your taxes! One of the most significant tax deductions is the intangible drilling cost deduction, which allows investors to use drilling and development costs to be deducted against your active income, including that in your business or W-2! This deduction can mean significant tax savings, especially in the early project years. Investing in oil and gas can provide a steady stream of income, and diversify investment portfolios. So why aren't more of our clients taking advantage of this? Most people simply do not understand how it works! Luckily I will be holding a webinar with 2 experts in this field to help educate us and break down the numbers of investing in oil and gas. Join me with Stuart Turley, President and CEO of Sandstone Group and founder of the Crude Truth Podcast, and Rey Trevino "RT", Director of Operations at Pecos Country Energy Inc and the Energy News Beat Podcast. as we do a deep dive of the tax savings, profit and cashflow you will receive when you invest in Oil and Gas.
Long Term Financial Planning with Joseph Clark
Long term financial planning is essential for helping individuals and families reach their financial goals, and can help one plan for retirement, save for college tuition, or have a safety net in case of an emergency. But how many of you actually do it? This is one of the many life skills they left out of the school curriculum! Join me and Joseph Clark, CFP as we discuss key strategies to plan for your future. Joseph has advised thousands on topics including family financial planning, legacy planning, trusts, retirement planning, tax planning and charitable giving.
Some key topics discussed are:
- Collaboration Between Client, Accountant & Financial Planner to Optimize Savings
- Roth IRA Rollovers & Conversions
- Inheritance of IRA’s
- Capital Gains Planning
- Passing Retirement Accounts to Heirs
- 401K’s vs IRA’s
About Joe:
Joseph A. Clark, CFP, is a Certified Financial Planner and has been in the financial services industry for more than 35 years. He is the Managing Partner of The Financial Enhancement Group, LLC, an asset management and financial planning firm based in central Indiana. The firm currently manages more than $650 million serving families in 31 states. Joe is also a former Adjunct Assistant Professor at Purdue University, having taught the Capstone course for the Financial Counseling and Planning program for 7 years. He is a Charter Member of Ed Slott’s Master Elite IRA Advisor Group and has appeared on various national and local media outlets. For the past 20 years, Joe has been the host of a weekly radio program “Consider This Program” and writes a weekly column for The Herald Bulletin. Learn more at https://yourlifeafterwork.com/
Listen to me and Bernard Reisz of Resure Financial as we dive into a variety of tax and real estate investing topics. We discuss retirement accounts, capital gains planning, grouping elections, material participation, 1031 exchanges, capital gains planning and real estate syndications. Lots of great topics to geek out about!
A little about Bernard: Bernard Reisz, CPA founded ReSure to deliver real estate tax and financial tools based on professional expertise, going beyond execution of real estate tax tools to include expert and unbiased investor education.
Prior to founding ReSure, Bernard served as Director of CoMetrics Partners, managing an array of engagements involving financial consulting and due diligence. Bernard advised owners of closely-held middle-market companies on advanced tax mitigation strategies.
As a guest on numerous financial, tax, real estate, and legal forums Bernard delivers straight-talk and unique insight for real estate investors nationwide.
For more, go to:https://www.resurefinancial.com/ or email bernard at: bernard@resurefinancial.com
Qualified Opportunity Zones (QOZ) offer significant benefits to investors and entrepreneurs and can often be overlooked. With this webinar, we are joined by Kirk Walton of GPWM Funds who specializes in QOZ’s and maximizing cashflow, tax savings and profit. You will learn how to take advantage of the tax incentives and other benefits available from investing in a QOZ. you'll discover how to make the most of this lucrative investment strategy.
Kirk illustrates the benefits of QOZ’s by breaking down actual deals he has worked on, and explains how cost segregation studies and accelerated depreciation can generate passive losses which offset future income from assets or W-2 earnings. He also discusses the differences between a 1031 exchange and investing in an opportunity zone fund, such as getting new basis in assets for depreciation deductions and having more time to identify investments.
We also discuss how the Opportunity Zone legislation provides a unique window in time for wealthy individuals to change communities and set up their family and children for long term, tax free growth of real estate. He explains that his fund focuses on rehab projects which provide additional tax savings such as deductions from donating old furniture and fixtures, deductions from qualified improvement property, cost segregation studies, and more. Kurt emphasizes the importance of looking at the totality of an individual’s situation when considering investing in an Opportunity Zone Fund.
About Kirk:
Since the late 1990s, Kirk’s combination of expertise in taxation, estate planning, law, personal finance, and investments has helped him become an elite comprehensive wealth manager, catering to the needs of high net worth individuals and families, including many prominent entrepreneurs, top level executives and venture capitalists in the technology sector. Prior to founding GPWM, Kirk started Eagle Financial Advisors, a fee-only registered investment advisor, in 2002. Prior to founding his own firm, Kirk was a partner with the Ayco Company (now a Goldman Sachs Company) and is an active member of the Idaho and California state bars. Kirk graduated in 1994 from Brigham Young University, majoring in Classical Studies, and earned his J.D., magna cum laude, from Pepperdine University School of Law.
To learn more go to: https://gpwmfunds.com/about-gpwm-2
Join Jason Campbell, founder of Zen Wellness to discuss the challenges and stressors of tax accountants and entrepreneurs, and simple exercises that can help us overcome these challenges as we discuss his work in helping entrepreneurs in wellness through meditation, breathing techniques and exercises I think all of us tax accountants could use him right now during busy season! We will also discuss his other entrepreneurial endeavors, which include music, Virtual Reality, and buying a Ghost Town!
To learn more about what Jason is working on, Checkout: https://www.jasoncampbellmusic.net/
https://whatsyourcleator.com/
We are so excited to finally be discussing ADVANCED STRATEGIES FOR COLLEGE FINANCING with our clients this year! Join me and Ron Caruthers on THURSDAY, FEBRUARY 16TH at 7:15 pm EST to discuss how you can win the tax and financial planning game for your children's college educations! In this webinar we will discuss:
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Why 529 Plans Maynot be the Best Strategy to Save for College
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Why Your Asset Ownership and Entity Structure Matter
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Lessor Known Factors that Impact How Much Assistance You May Receive from Universities
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Actions You Can Take to Save Thousands in College Tuition
Register to Attend HERE and BRING YOUR QUESTIONS!
About Ron:
Ron Caruthers is the nation’s foremost expert on college planning and college funding. He’s loved by hundreds of parents for finding creative and effective ways to fund their children’s college dreams while keeping them on track for retirement. Many know Ron as their Financial Fixer.
Ron was born and raised in Santa Monica, California—right up the street from the Santa Monica Pier. His parents later moved inland where Ron graduated from Sunny Hills High School in Fullerton, CA in 1985 as valedictorian – ranked 1st of 419 seniors. However, Ron and his family found themselves unable to pay for college – a situation many of our clients understand all too well.
This setback forced him to take a hard look at how unprepared most students are for college, career, and managing their money after college.
Since then, he has worked with over 4600 families to help make their children’s dreams a reality, while providing sound financial guidance along the way!
Ron Caruthers was an adjunct instructor at Palomar and Mira Costa Colleges in San Diego, California, and a regular on San Diego’s morning news programs. He has been interviewed on ABC, CBS, NBC and FOX. He has also been quoted in Newsweek, Inc. Magazine, USA Today and the Wall Street Journal, among other publications.
He currently enjoys life in Carlsbad Village, a town on the water about 35 miles north of downtown San Diego with his wife Sylvia, 15 chickens, and a purse dog named Star. He is dad to three children, Jessika, Brennan and Lexi,–all who went to college for free. Jessika went to USC and Brennan graduated from Northeastern in May of 2018.
Join me and Lou
Brown as we discuss how he has implemented a profitable single family rental portfolio using lease options and the strategies that allowed him to ensure positive relationships, profitable terms and reduce taxes while providing affordable housing opportunities. We then drive into trust strategies and the incredible ways trusts can be used for asset protection, estate planning and tax planning.
Learn more about Lou at:https://streetsmartinvestor.com/about/
About Lou:
Real Estate investors in all fifty states across Canada and fifteen foreign countries including as far away as Australia and New Zealand. have long regarded the training, systems and forms created by Louis Brown as the best in the industry,
Quoted as an expert by many publications and authors, “Lou” draws from a wide and varied background as a real estate investor having been buying property since 1976. He’s invested in single-family homes, apartments, hotels, developed subdivisions and built and renovated homes and apartments. Each of these experiences has given him a proving ground for the most cutting edge concepts in real estate today.
He’s widely known as a creative financing genius with his deal structuring concepts. Being a teacher at heart he enjoys sharing his discoveries with others.
He has served the industry in many volunteer positions such as past President and designated lifetime member of the Georgia Real Estate Investors Association, the world’s largest real estate investor group. He is also founding President of the National Real Estate Investors Association, which serves as the umbrella association of local investor groups.
Husband, Father, Author, Lecturer, Inventor, Investor, Builder, Designer, and Real Estate Expert are all descriptions of this exciting trainer.
In this webinar
we'll discuss:
- How Lease Options Create
Great Tenants - Tax Strategies for Lease
Options and Capital Gains - Using Trusts for Capital
Gains and Ordinary Income Tax Planning - How Trusts Can Protect Your
Assets
Come checkout our live and interactive webinar where we discussed how to align different 1031 Exchange strategies with your business/investment goals and tax strategies. Together with Dave Foster, Founder and CEO of The 1031 Investor, we shared the many different creative ways we have used the 1031 exchange to help our clients build their businesses and minimize taxes.
If you're interested in learning more, email: info@markperlbergcpa.com
Join me and Chase Ravesten from Vistia as we discuss unique strategies to reduce taxes besides investing in real estate and doing cost segregation studies, there are many other ways you can reduce our clients taxes that we have discussed. Some of the topics include:
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Pending Legislation for Conservation Easements
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Qualified Opportunity Zones
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Oil and Gas Mining Wells
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Capital Gains Planning
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Retirement Account Distribution Tax Strategies
Listen in as Kyle Candlish and I discuss the most advanced tax strategies available for high net-worth individuals, high income earners and highly profitable businesses. This Will be a great chance to learn about some of the most advanced techniques we use to create the highest amount of tax savings allowed by law for our clients.
This conversation will be great for individuals and business owners with incomes over 1 Million per year. Even if you don’t fall into this category, it will be a great opportunity to learn some of the creative tax saving opportunities that will come available when you have more income and cash on hand to protect from the IRS. We discussed some of the more advanced financial instruments and structures that we create for our clients to further reduce taxes beyond the commonly known strategies. Some of the topics will be: multiple entity structures, oil and gas mining wells, state tax deduction limit workarounds, trusts, insurance companies, charitable LLC’s, charitable remainder trusts and conservation easements.
Join me and Keith Langlands, CPA as will discuss one of my favorite tax strategies - Captive Insurance Companies! This can be a powerful tool to self-insure against a wide variety of risks in your business, and will be structured in a way that can save you millions in taxes over the life of your business. Some of the many potential tax benefits include:
- Moving Income from 1040 to C-Corps with Lower Tax Brackets
- Qualifying for More Qualified Business Income Deductions
- Converting Ordinary Income to Capital Gains Income
- Creating Tax Advantage Vehicles to Invest in Securities
- Shifting and Timing of Income and Exit Tax Planning Opportunities
In this webinar we will discuss:
- How to Create Captive Insurance Companies
- What Kinds of Businesses Benefit from Captive Insurance Companies
- Risk Reduction Benefits of Captive Insurance Companies
- Tax Benefits of Setting up a Captive for Your Business
We had a great conversation with David Podell of Business Benefits Consultants on how to reduce your taxable income by hundreds of thousands per year using benefit plans with your businesses.This will be extremely valuable for our clients who are looking for additional strategies to further reduce their taxes after the cost segregation studies have been performed. Some of the topics we will cover are:
- How to Pull Profits from Businesses on a Pre-Tax Basis
- How to reduce your taxable income by hundreds of thousands per year with pension plans
- Long-Term Income Timing Tax Strategies
- Tax Reduction Plans for Business Owners with Active Income and Employees
- Potential Tax Benefits of Generating Active Income for Real Estate Investors
About our guest:
David Podell started Business Benefits Consultants when he identified a niche space that was filled with complexity and a need for systems in the larger deductible tax strategy space. He has lectured extensively as an industry thought leader and sought out specialist. He has been featured in FORBES, American Institute of CPA’s, CPA Practice Advisor, and multiple small business journals. His firm is commissioned by accountants and financial advisors throughout the country to provide an outsourced solution that allows those professionals to adapt and manage these plans for their clients. He can be contacted at: david@bbconsultantsllc.com
Join me and Jonathan Pacilio to discuss how they've built their multimillion dollar portfolios, used Short-term rentals to replace their W2 incomes, and the tax strategies that saved him hundreds of thousands in taxes.
Jonathan Pacilio spent a 20 year career in financial services managing risk portfolios for various lines of businesses for several large financial institutions on Wall street. Despite having an excellent career trajectory and great opportunity, he never had passion for the work, and discovered his true passion was in entrepreneurship. He decided to increase his real estate holdings/investments, and fast tracked his retirement through real estate investing in just under two years.
He now focuses on Financial Independence coaching through the Short Term Dojo, Diverse Real Estate Holdings and Business Acquisition. He loves the chaos of every day and how such amazing opportunities can present themselves around every corner. His primary focus is ensuring he and his wife are building an extremely intentional life with complete freedom to enjoy their children and travel anytime they want and never work in an office again!
To learn more about John, go to www.JonathanPacilio.com
Listen to Dan and I discuss utilizing your retirement accounts to reduce taxes, build wealth and invest in real estate. Contact Dan at: Dan@rocketdollar.com
Free Discovery Session: mark@markperlbergcpa.com
Are you ready to begin your path toward financial freedom? An effective tax strategy is one of the best investments you can ever make into getting there! When pursuing financial freedom, many are held back by lack of capital, and so much of their income goes back to Uncle Sam instead of their businesses. Most accountants only file returns after the year has closed, and provide minimal guidance on reducing your taxes. Implementing a tax strategy throughout the year minimizes taxes, frees capital to reinvest into your business or savings, and takes years off your timeline to reach your financial goals.
In this webinar we will discuss:
- How to utilize tax incentives to optimize business growth
- How to implement a tax strategy that accelerates your path to financial freedom
- How to determine what strategies and incentives are available for you right now to reach your goals
Free Discovery Session: mark@markperlbergcpa.com
Combining a real estate license with real estate investing creates a world of opportunities to build wealth. There are also many tax advantages and tax traps to consider. On this webinar, we are going to discuss:
- Common write-offs
- Payroll taxes and planning
- The Real Estate Professional Tax Status
- How your Real Estate License Helps with Investing
- How Investing Creates Opportunities for Being a Realtor
In this webinar, let's talk about how Biden's presidency may impact your taxes if you are a business owner or real estate investor.
I meet so many business owners who don't know what a tax plan is and never engage a tax professional to create a forward looking plan to minimize their taxes. If you're interested in learning if you need a tax plan and what the benefits may be, check out this video!
How to Determine If You’re Overpaying in Taxes on Your Real Estate Investments and Business
I meet so many people who have no idea what their tax returns mean, and are uncertain if they are paying the right amount in taxes. If you haven't had a chance to review your tax return with a CPA, and fully examine what everything means, and I'll walk you through how to identify any missed tax saving opportunities. Bring your return before you press play!
Partnering with other investors opens new possibilities by combining resources for larger and more lucrative investments. Many of these potential partners are from outside the US, and are attracted to the strong US real estate market, but there are many complex legal considerations and tax traps to consider.
I have International Tax Attorney and Partner at Culhane Meadows, Patrick McCormick, to help us understand what we can do to properly structure a compliant and tax efficient entity for the investment activity. Together we will discuss the basics of entity planning and tax strategies to ensure the best outcomes for you and your international partners. Areas we discuss are:
FIRPTA Withholdings
Estate taxes
Capital gains taxes
FBRAR Income
Cost segregation and depreciation
Dividend and branch taxes
An experienced banker can do much more to help your business than you'd think. Lots of great information from Mark Lewis of PeoplesBank, who is a tremendous asset to the investors he serves. Some topics we'll discuss are:
- How to find the right bank for your business
- What financial instruments are best for your investments
- How to qualify for financing
Transitioning from being an employee to a full-time investor opens a whole new world of tax saving opportunities for you and your family. If you're on the fence about leaving your job and uncertain if you can afford to go out on your own, you'll be surprised to find that there are amazing tax incentives that will encourage the move.
Many investors face the challenge of balancing family life with their investing goals. It's especially hard when you're starting off and already have a full-time job, but it's not impossible! I'll be hosting a panel of 4 guest speakers who have successfully invested in RE while raising a family. We'll be discussing how they've managed to make it all work through managing their schedule and finances, and working with their spouses. I'll also be providing ways your investments and family can create additional tax savings.
Many of you may have business losses in 2020 due to COVID-19, which can create new tax saving opportunities with the right tax plan in place. In this webinar will discuss generating and capitalizing on real estate and business losses, including analysis of recent tax code changes in the CARES Act.
I will discuss and some techniques to maximize the tax benefits of depreciation and answer common questions about the expense. Some of the topics we will discuss are:
- Basics of depreciation
- Calculating depreciation for real estate investments
- Cost segregation
- Missed depreciation opportunities
Qualified opportunity zones were created as a bipartisan effort to encourage economic growth, improve housing and de-segregate distressed neighborhoods. Tomorrow at 8 pm EST, I'll discuss the tax benefits of QOZ's, and compare this approach to 1031 exchanges as a way to defer and reduce capital gains tax:
In this episode, we discuss the following:
What is a Qualified Opportunity Zone?
How does a Qualified Opportunity Zone work?
Tax benefits of Qualified Opportunity Zones
Qualified Opportunity Zone vs 1031 exchange