TAX OVERVIEW
If you’re like most of our clients, you've been told there isn't much you can do to lower your taxes beyond taking deductions or using retirement vehicles like 401ks and IRAs.
It's important to understand there are different tiers of CPAs:
Lower level CPAs may not even know it's possible to save outside the standard deductions, and even more competent CPAs tend to only know about S-Corporations and real estate investing.
What you want is a CPA who earns a high income, just like you, and who has found a way to pay near $0 in tax by leveraging advanced strategies. It's even better if they have an MBA and can perform Chief Financial Officer functions because they will be able to help you navigate complex tax decisions and make it seem easy.
When you work with that level of CPA, then you'll discover there are lots of ways to save on tax, even if you're a W2 employee with zero investment experience.
TAX STRATEGIES
PRIVATE FOUNDATION
Create your own Non-Profit Charity and donate up to 30% of your AGI tax free.
COST SEGREGATION
Do a cost segregation study on your real estate assets to capture accelerated depreciation.
SHORT TERM RENTAL LOOPHOLE
Do a cost segregation study on your short-term rental for accelerated depreciation.
S-CORPORATION
Leverage different tax brackets, access business expenses, and pay your kids to work.
REAL ESTATE PROFESSIONAL
Qualify as a REP to access accelerated depreciation on real estate and syndications.
DEFINED BENEFIT PLAN
Fund your own pension plan through an entity you own to save on tax.
SOLO 401K
Form your own 401k plan through your business entity for tax advantages.
AUGUSTA RULE
Rent your home to your S-Corporation for up to 14-days for tax free income.
HOME OFFICE DEDUCTIONS
Learn how to maximize simple deductions to squeeze out extra savings on tax.
TAX MASTERCLASSES
SELF-DIRECT IRA MASTERCLASS
S-CORPORATION MASTERCLASS
SOLO 401K MASTERCLASS
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