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  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

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 Jared 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. Jared 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. Jared 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 Jared 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.comAnd 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!