The Mark Perlberg CPA Podcast

Send us a textReady 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 savingsVisit 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 

Send us a textTax 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 neededVisit prosperalcpa.com/apply or taxplanningchecklist.com to learn more about implementing these strategies and taking control of your financial future.

Send us a textTax 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 rateTo 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.

Send us a textTax 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 developmentFor 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.

Send us a textTax 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 savingsReady 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.

Send us a textPS. 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 wealthVisit prosperalcpa.com/taxnavigator to learn about our accessible tax education resources designed to help everyday Americans take control of their tax situation.

Send us a textAnd 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.comTax 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 manufacturersFor 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.

Send us a textReady 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 implicationsTo learn how these concepts apply to your specific situation, visit prosperlcpa.com/apply and schedule a consultation.

Send us a textWhat 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 changesIf 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.

Send us a textIf 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 opportunitiesTo learn more about Renata, go to https://renatamazu.com/

Send us a textPS. 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 preferencesVisit 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.

Send us a textThe 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 childrenMessage 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.

Send us a textPS. 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-subscriptionLet'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 taxesIf 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 textPS. 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 CourseWe 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 structuringLearn more from Dan at: Dan.Pavek@tasconline.comGo 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 textPS. 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 CourseWe 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 availableTo 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.

Send us a textReady 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-subscriptionGet 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 valuationIf 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.

Send us a textTake 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-subscriptionAre you unknowingly falling into these 5 hidden state tax traps that could be costing you thousands? In this video, 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!

Send us a textPS. 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 CourseTom 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 timeFor more tax insights, subscribe to Tom's newsletter at TomTalksTaxes.com or explore continuing education at Compass Tax Educators.

Send us a textReady 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-subscriptionUnlock 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-qaGet 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 growLearn more about tax strategies at taxplanningchecklist.com or connect with Kris Bennett at storageinvestorshow.com to discuss storage and flex space investment opportunities.

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/newsletter-subscriptionUnlock 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-qaGet 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 CourseTax 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 costsVisit 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/

Send us a textAt 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 Get your FREE Personalized Tax Planning Video at: https://www.prosperlcpa.com/5minutetaxplan 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 fundingFor 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.

Send us a textReady 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 CourseRestricted 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 benefitsIf you appreciate this and want to learn more, go to ProsperalCPA.com/apply or visit taxplanningchecklist.com for more education on minimizing your taxes.

Send us a textReady 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... 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 on Wednesdays at 3pm EST. Reserve your spot now at https://www.prosperlcpa.com/live-qaGet your FREE Personalized Tax Planning Video at: https://www.prosperlcpa.com/5minuteta... 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/

Send us a textReady 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 CourseEngaging 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/

Send us a textReady 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-qaGet 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 CourseThe 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 engagementLearn more about Eli's system at: https://www.freedomtravelsystems.com/

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Send us a textThis 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.

Send us a textReady 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 CourseTax 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

Send us a textReady 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 CourseThis 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

Send us a textReady 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... 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 on Wednesdays at 3pm EST. Reserve your spot now at https://www.prosperlcpa.com/live-qaGet 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.

Send us a textReady 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 CourseThis 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

Send us a textReady 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 CourseDiscover 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.comand to learn more about his company, go to https://www.g2businesssolutions.com/

Send us a textReady 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-qaGet your FREE Personalized Tax Planning Video at: https://www.prosperlcpa.com/5minutetaBook a free consultation w/ Patra at: https://www.thenestwealth.com/meetingCurious 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

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...  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 CourseDiscover 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/ 

Send us a textReady 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 CourseIn 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/

Send us a textReady to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: www.prosperlcpa.com/applyOr, if you still need more time, here are some other ways to begin winning the tax game... Get on our newsletter to gain access to free live events and exclusive insight you won't find anywhere else:  https://api.leadconnectorhq.com/widget/form/Aaf69tgWyr9qCmGB4IiUUnlock 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   Get your FREE Personalized Tax Planning Video at: https://api.leadconnectorhq.com/widget/form/Aaf69tgWyr9qCmGB4IiU 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!Want more tips and personalized strategies?

Send us a textIn 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-sessionTo learn more about Michelle, go to: https://orbitinvestments.com/multi-family/

Send us a textImagine 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.

Send us a textFor more in-depth guidance, visit www.prosperlcpacomTo become a client go to https://membership.markperlbergcpa.com/applyCan 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.

Send us a Text Message.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.

Send us a Text Message.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!

Send us a Text Message.Apply for services at: https://membership.markperlbergcpa.co...Join our Mailing List at: https://membership.markperlbergcpa.com/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!

Send us a Text Message.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 

Send us a Text Message.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!

Send us a Text Message.To learn more about becoming a client go to: https://membership.markperlbergcpa.com/applyIt'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/applyCurious 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 CPAWelcome 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 NuancesBefore 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 ComplexitiesThe 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 InvestmentSuccess 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 StrategiesTo 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 StatusFor 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