POPULARITY
52 episodes with karlton dennis
7 episodes with karlton dennis
3 episodes with karlton dennis
2 episodes with karlton dennis
2 episodes with karlton dennis
2 episodes with karlton dennis
2 episodes with karlton dennis
Trump's new tax strategy is turning heads — and it could completely change how smart entrepreneurs and investors handle taxes moving forward. Karlton Dennis breaking down the biggest tax shifts coming under Trump's 2025 plan. Subscribe to the BetterWealth Youtube Channel so you don't miss the full interview when it drops here: https://youtu.be/iPyJquI92ME ______________________________________________ Learn More About BetterWealth: https://betterwealth.com ==================== DISCLAIMER: https://bttr.ly/aapolicy*This video is for entertainment purposes only and is not financial or legal advice. Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.
In this episode of Adversity Kings, host Tristan Dlabik sits down with Karlton Dennis, the CEO of Tax Alchemy Advisors, for a powerful and wide-ranging conversation. Karlton shares his story from the ground up—talking about his early life, the challenges he faced, and what it took to carve out his path in the tax advisory world. But this episode isn't just about business. It's about mindset, resilience, and the real-life lessons that come from pushing through adversity to create something meaningful. Whether you're interested in entrepreneurship, building wealth, or just hearing an honest conversation about life and growth, this episode is packed with value. Tune in, subscribe, and join us for another inspiring chapter of Adversity Kings.
What if you could pay yourself tax-free using your own home? In this episode of The Rich Somers Report, Rich sits down with Karlton Dennis, tax strategist and founder of Tax Reduction Company, to break down one of the most overlooked tax-saving strategies for business owners—the self-rental loophole, also known as the Augusta Rule.Rich and Karlton discuss:How to rent your personal residence to your business and collect tax-free incomeThe specific documentation and setup required to make this strategy audit-proofCommon mistakes entrepreneurs make when trying to implement tax strategiesWhy mindset matters just as much as tax code when building long-term wealthHow to think like a CFO and stop overpaying the IRS year after yearKarlton shares practical examples of how high-income entrepreneurs and real estate investors are using advanced strategies like the Augusta Rule, S-Corp structuring, and entity stacking to build generational wealth. If you're ready to stop leaving money on the table and start using the tax code to your advantage, this episode is a must-listen.Join our investor waitlist and stay in the know about our next investor opportunity with Somers Capital: www.somerscapital.com/invest. Want to join our Boutique Hotel Mastermind Community? Book a free strategy call with our team: www.hotelinvesting.com. If you're committed to scaling your personal brand and achieving 7-figure success, it's time to level up with the 7 Figure Creator Mastermind Community. Book your exclusive intro call today at www.the7figurecreator.com and gain access to the strategies that will accelerate your growth.
In this episode of the Main Street Business Podcast, host Mark J. Kohler is joined by Karlton Dennis to share essential tax-saving strategies before the year ends. They explain how transitioning from an LLC to an S corporation reduces self-employment taxes and how you can benefit from bonus depreciation. They also cover creative ways to involve your kids in payroll, plus insights on using solo 401(k)s and Health Savings Accounts to maximize deductions.Here are some of the highlights:Mark and Karlton discuss their roles as tax strategists focused on saving money.The concept of self-employment tax, which includes Social Security and Medicare contributions.How self-directed accounts can be used to invest in rental real estate and other business assets.Mark and Karlton discuss the benefits of switching from an LLC to an S corporation using Form 2553.Mark encourages listeners to backdate the S corporation election to January 1, 2023, to avoid self-employment taxes for the year.How to properly place children on payroll to reduce taxes and provide financial education.Importance of setting up retirement accounts before the end of the year to maximize tax benefits.Karlton introduces the Tax Free Wealth Challenge, a five-day event focused on tax strategies. Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo. You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360 Curious what my new certification is all about? Learn More Looking to connect with a rock star law firm? KKOS is only a click away! Grab my FREE Ultimate Tax Strategy Guide HERE! Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!
In this Saturday Edition Rich sits down with Karlton Dennis, a leading tax professional in America. Today, they talk about the Self-Rental Strategy and how being a Real Estate Professional can drastically save you big money on your tax returns, even if you or your spouse has a high-paying W-2.Connect with Karlton Dennis on Instagram @karltondennis --Connect with Rich on Instagram: @rich_somersInterested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.Interested in joining The 7 Figure Creator Mastermind? Visit www.the7figurecreator.com to book a free intro call. Interested in joining our Boutique Hotel Mastermind? Visit www.somerscapital.com/mastermind to book a free call. Interested in STR/Boutique Hotel Management? Visit www.excelsiorstays.com/management to book a free call.
On this week's episode, Rich sits down with Karlton Dennis, one of America's Leading Tax Strategists who focuses on "Tax Free Living" with compliance of Federal and State Tax regulations. Carlton is the Founder and CEO of Tax Alchemy, a firm specializing in sophisticated tax planning. They dive deep into topics like How to Write off a Private Chef, Revokable vs Irrevokable Trusts, STR Loopholes and placing your spouse or child on your payroll as a business owner. You'll also learn some of the best cars to write off on your taxes for Code Section 179. Connect with Karlton Dennis on Instagram @karltondennis --Connect with Rich on Instagram: @rich_somersInterested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.Interested in joining The 7 Figure Creator Mastermind? Visit www.the7figurecreator.com to book a free intro call. Interested in joining our Boutique Hotel Mastermind? Visit www.somerscapital.com/mastermind to book a free call. Interested in STR/Boutique Hotel Management? Visit www.excelsiorstays.com/management to book a free call.
How do the rich avoid taxes??In this video, I'm chatting with Karlton Dennis. He goes over how you can use depreciation and cost segregation studies to create significant tax advantages. Discover why real estate offers unparalleled tax benefits and learn actionable strategies that you can implement today to minimize your tax liabilities and maximize your income.Whether you're a seasoned investor or just starting out, this video is packed with invaluable knowledge that can transform your financial future.**What You'll Learn:**- How depreciation works and its impact on your taxes- The benefits of cost segregation studies- The role of a real estate professional in tax planning- How to qualify for significant tax deductions- Insights into self-directed IRAs for real estate investmentsKarlton shares his deep insights and practical advice on leveraging the tax code for real estate. We also go over how to offset your W2 and 1099 income.Connect with Karlton!Website: https://karltondennis.com/IG: https://www.instagram.com/karltondennis/?hl=enYouTube: https://www.youtube.com/channel/UCEc3bAbOtPEUIgpNkViF_PQ---Secure your spot at the #1 conference for real estate, entrepreneurship, and social media here - https://www.wealthcon.org/Feeling lost as an entrepreneur or real estate investor? Get access to our community, coaching, courses, and events at Wealthy University https://wealthyuniversity.com/If you want to level up, text me at 725-444-5244! ---About Ryan Pineda: Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue. Ryan has amassed over 2 million followers on social media and has generated over 1 billion views online. Starting as a minor league baseball player making less than $2,000 a month, Ryan is now worth over $100 million. He shares his experiences in building wealth and believes that anyone can change their life with real estate investing.
Re-sharing one of our top episodes with Karlton Dennis. Original airdate was on November 16, 2023.Rich sits down with Karlton Dennis - a Licensed Enrolled Agent, Tax Strategist, Forbes council member, Consultant and YouTuber. Karlton has helped over 10,000 clients and 3200 real estate investors and entrepreneurs save millions of dollars in taxes in real estate and business. Karlton also hosts the podcast “Tax Free Living.”Rich and Karlton start off by discussing the LA Lakers and Clippers, how Karlton became a tax professional, the benefits of setting up holding LLCs in Wyoming and Delaware, the benefits of having a living trust, the differences between a revocable trust and irrevocable trust, and the STR loophole for high earning w2 taxpayers. They also reflect on the intricacies of depreciation recapture, the 1031 exchange, cost segregation studies, Tenancy in Common, reverse 1031 exchanges, the definition of like kind exchanges, the child payroll strategy, S Corps and C Corps, the intricacies of Roth IRAs and backdoor IRAs, whether high income earners should put their money into Roth IRAs or 401ks, and self directed 401ks.Lastly, Rich and Karlton talk about setting up Simplified Employee Pension Plan (SEP), stepping up and taking action during the COVID-19 lockdown, tax strategies for high income earners of $10 million or more, and the tax benefits of purchasing jets, yachts, and luxury cars. Connect with Karlton on Instagram: @karltondennis--Connect with Rich on Instagram: @rich_somersInterested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.Interested in joining The 7 Figure Creator Mastermind? Visit www.the7figurecreator.com to book a free intro call. Interested in joining our Boutique Hotel Mastermind? Visit www.somerscapital.com/mastermind to book a free call. Interested in STR/Boutique Hotel Management? Visit www.excelsiorstays.com/management to book a free call.
On today's episode, Rich sits down with Amanda Han – Real Estate CPA, Tax Strategist, and Managing Director of Keystone CPA. CPA by day and real estate investor by night, Amanda Han is a tax expert who helps entrepreneurs and real estate investors save money. When she's not busy helping others with their taxes, she's looking into the numbers to help leverage her own real estate portfolio. She's been featured on Money Magazine, Google, and Forbes.Rich and Amanda start off by discussing the podcast voice, the times that are most fulfilling in business, connecting with Karlton Dennis and Bethany LaFlam, Weezer, yacht parties, 506b and 506c syndications, what you need to scale up deals, international interest rates, using debt to create tax benefits, cashflow and hold periods, lazy 1031 exchanges, and finding the right CPA.They then reflect on 100% bonus depreciation and current politics, the IRS and syndication returns, the CPA pay scale working for the government, the step up tax basis, the disconnect of passing down wealth, what happens when you're audited, and cost segregation studies. Lastly, they talk about down payments and roll overs, Amanda's advice for Rich's companies and properties, Yachts, Code section 179 and exotic car clubs, STR Tax loopholes, and taxing unrealized gains.Connect with Amanda on Instagram: @amanda_han_cpa--Connect with Rich on Instagram: @rich_somersInterested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more. Interested in joining our Boutique Hotel Mastermind? Visit www.somerscapital.com/mastermind to book a free call. Interested in STR/Boutique Hotel Management? Visit www.excelsiorstays.com/management to book a free call.
Many states in America such as California have extremely high income taxes. However, this doesn't mean that every state has income taxes. In fact, there are some states in America that don't have income taxes at all. In this video, tax expert Karlton Dennis explains which states in America do not have any income taxes. Every year, many people move to these states in order to take advantage of the lack of state income taxes. Karlton also explains some interesting facts about these states and how some of them got their tax policies. Some of the states that are included in this video are Florida, Alaska, and South Dakota. But, there are many more. This video is ideal for anyone who wants to learn which states do not have state income taxes. However, it is important to note that just because a state does not have income taxes doesn't mean that it does not levy taxes at all. There are other forms of taxation such as property taxes that these states impose to generate revenue. *Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you. #Stateswithnoincometax #Notaxstates #incometaxes #taxes #KarltonDennis #Statetaxes #incometax
For many years, 529 plans have been one of the best ways to save for education expenses such as college tuition or books and school supplies. However, up until recently, people who wanted to spend money from their 529 accounts on anything besides qualified education expenses were forced to pay additional taxes and penalties on the money that they withdrew. But, starting in 2024, a massive rule change is going into effect for 529 plans. This change will allow people to roll over leftover funds from their 529 plans into a Roth IRA account that they can use to save for retirement in a tax-advantaged way. In this video, tax expert Karlton Dennis breaks down everything you need to know about this historic change to 529 plans. This new rule change for 529 plans is so significant that it could dramatically impact the way that people save for both education and retirement. If you want to save for either of these things, then this is a great video for you to watch. *Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you. #taxes #taxfreeliving #taxexpert #taxreduction #llc
Rich sits down with Eli Facenda – Entrepreneur and Founder of Freedom Travel Systems, which helps other entrepreneurs maximize luxury travel points to unlock bucket list travel experiences. Eli has visited 42 countries in the last 5 years and is able to leverage credit card points to get on average around $100k of luxury travel per year.Rich and Eli start off by discussing being connected through Jack McColl, travel hacking, millennials as sharers, utilizing credit cards effectively, Eli's craziest trip that he's paid for using only points, first class international flights, AmEx's travel platform & revenue pricing models, Rich's experience in Buenos Aires, maximizing credit point earnings and credit point values, the tax benefits of using credit card points, the fastest way to get to elite status, which cards Eli recommends for travel, AmEx Gold vs. AmEx Platinum, and the wrong way to use credit card points.They then reflect on Eli's company, Karlton Dennis, traveling without an itinerary, the best time to buy an airplane ticket, SetJet, the ROI of flying first class, the most limiting belief to credit card points, airport lounge access, Nectar Island, top tier status, the AmEx Centurion Card, what trips Eli is looking forward to this year, Norway in the summer, Eli's top 3 cities he's been to.Lastly, they talk about Budapest, Ireland, Turkey, David August, Eli's trip to Uganda, and the best way to go on a safari trip. Connect with Eli on Instagram: @elitravelguyVisit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchase.Visit primecorporateservices.com/richsomers to book a free call--Connect with Rich on Instagram: @rich_somersInterested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more. Interested in joining our Boutique Hotel Mastermind? Visit www.somerscapital.com/mastermind to book a free call. Interested in STR/Boutique Hotel Management? Visit www.excelsiorstays.com/management to book a free call.
Over the last two years, there have been some major changes to 401(k) retirement plans. Tens of millions of Americans have these plans and so these changes are going to impact a significant portion of the population of the United States. If you have a 401(k) plan, then you need to be aware of all of the key changes that are happening to these plans. In this video, tax expert Karlton Dennis explains all of the most important changes to 401(k) plans that will be going into effect in 2024. Many of these changes were created through the Secure 2.0 Act. He also explains what this act is and why it came to be. Some of the changes that are going into effect for 401(k) plans involve contribution limits, penalty-free early withdrawals, required minimum distributions (RMDs), student loan payments, and more. This video is a must-watch for anyone who wants to learn more about 401(k) changes, and who doesn't want to be caught unaware of the new rules *Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you. #taxes #taxfreeliving #taxexpert #taxreduction #llc
The IRS announced that it will start requiring payment app companies to issue Form 1099-K to everyone who receives $600 in income through their payment apps starting in tax year 2025. For 2024, the income threshold to receive Form 1099-K is $5,000. The IRS will receive copies of all 1099-K forms that are issued by payment app companies. A lot of business owners use Cash App and Venmo for payments. Unfortunately, there are some significant risks associated with this practice that many business owners are not aware of. In this video, tax expert Karlton Dennis discusses all of the risks associated with using payment apps like Cash App and Venmo to send and receive business payments. Considering the fact that making and receiving payments is such a crucial aspect of many businesses, it is imperative for business owners to fully understand how to prevent accidentally commingling personal and business funds with apps like Cash App and Venmo. *Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you. #taxes #taxfreeliving #taxexpert #taxreduction #llc
2024 is an election year in America and many politicians have been talking about the retirement age. Currently, the full retirement age in the United States is either 66 or 67, depending on the year you were born. However, politicians like Nikki Haley think that this age should be increased. In this video, tax expert Karlton Dennis discusses the changes to the retirement age that key politicians have been proposing. He also breaks down how this could impact you and what you should do to prepare for such changes in order to make sure that your retirement savings are optimized. Considering the fact that retirement age is an issue that affects the vast majority of the population, this is a video that is relevant for almost everyone. At this time, it is not clear whether or not the retirement age will actually be changed, but it is better to be prepared ahead of time, in case it does get changed. *Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you. #taxes #taxfreeliving #taxexpert #taxreduction #llc
Congress just announced a brand-new $78 billion bipartisan tax deal. This tax deal includes major tax changes that would impact individuals, families, and businesses. It has not yet become law. However, it could be passed in Congress in early 2024. In this video, tax expert Karlton Dennis breaks down all of the most important changes included in the new tax deal. This deal includes changes to bonus depreciation, the child tax credit, research and development deductions, the low-income housing tax credit, double taxation with Taiwan, disaster-related tax relief, and more. The fact that this tax deal is bipartisan could increase the odds that it will be passed. The politicians who are leading this proposal want it to be passed quickly so that American taxpayers can benefit from it this tax season. Watch the full video to learn about all of the most important changes that this deal will create. *Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you. #taxes #taxfreeliving #taxexpert #taxreduction #llc
The IRS announced that it will start requiring payment app companies to issue Form 1099-K to everyone who receives $600 in income through their payment apps starting in tax year 2025. For 2024, the income threshold to receive Form 1099-K is $5,000. The IRS will receive copies of all 1099-K forms that are issued by payment app companies. A lot of business owners use Zelle and Venmo for payments. Unfortunately, there are some significant risks associated with this practice that many business owners are not aware of. In this video, tax expert Karlton Dennis discusses all of the risks associated with using payment apps like Zelle and Venmo to send and receive business payments. Considering the fact that making and receiving payments is such a crucial aspect of many businesses, it is imperative for business owners to fully understand how to prevent accidentally commingling personal and business funds with apps like Zelle and Venmo. *Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you. #taxes #taxfreeliving #taxexpert #taxreduction #llc
Do you need to shut down your LLC? Then it is EXTREMELY IMPORTANT that you close it down the right way. Otherwise, you could be forced to deal with giant fees, lawsuits, AUDITS, and a wide variety of other serious consequences. In this video, tax expert Karlton Dennis goes over every single question you might have that pertains to safely shutting down your business. *Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you. #taxes #taxfreeliving #taxexpert #taxreduction #llc
Taking the Next Step: Download the Short-Term Rental Rule E-Book! ▶ https://ebook.taxalchemy.com Book a Professional Tax Strategy Consultation ▶ https://karladennis.com/youtubeconsult Watch this FREE Webinar on how to Use Real Estate To Offset W2/1099 Taxes ▶ https://taxreduction.link/taxsaver Get Help Setting up Your LLC, Now ▶ https://shareasale.com/r.cfm?b=617326&u=2911896&m=53954&urllink&afftrack Digital residency is a trend that is growing steadily in popularity. In this video, tax expert Karlton Dennis explains what digital residency is, how it works, which countries are offering it, and what the main benefits of it are. Digital residency is also referred to as “e-residency.” It is the process in which nations allow citizens of other countries to get an official “digital residence” in their country. Digital residency programs vary significantly from country to country. This video focuses primarily on the digital residency program offered by the nation of Estonia. Estonia was the first country to offer digital residency and it currently has over 100,000 e-residents. Digital residents of Estonia get access to a wide variety of benefits including being able to set up an Estonian company remotely, access to the high-quality Estonian digital infrastructure, and more. If you want to learn more about digital residency, this is the video for you. *Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you. #DigitalResidency #E-Residency #eResidency #EstoniaDigitalResidency #OnlineBusiness #KarltonDennis #DigitalResidence
Taking the Next Step: Download my new book! The Short Term Rental Rule: https://ebook.taxalchemy.com Book a Professional Tax Strategy Consultation ▶ https://karladennis.com/youtubeconsult Get Help Setting up Your LLC, Now ▶ https://shareasale.com/r.cfm?b=617326&u=2911896&m=53954&urllink&afftrack Getting audited by the IRS can be extremely stressful, tedious, and difficult. People who are audited by the IRS have to go through a process of proving that their tax returns are accurate. If the audit reveals that their tax returns are not accurate, then the people who were audited can end up owing large fines and penalties in addition to any missing taxes. In this video, tax expert Karlton Dennis explains the odds that people making under $300,000 per year in America have of being audited by the IRS. Most Americans have annual incomes under this amount. So, this video will apply to the vast majority of the American tax base. At the end of this video, Karlton also explains how to dramatically reduce the chances of being audited. So, this video is also beneficial for people who want to know what they can do to reduce their IRS audit risk. *Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you. #Audit #TaxExpert #KarltonDennis #IRSAudit #AuditRisk #LLC #Taxes
Hunter Biden, son of President Joe Biden, was indicted on 9 criminal tax charges in December, 2023. If he is convicted, he could be facing up to 17 years in prison. He was indicted by a federal grand jury in the state of California. In addition to the 9 criminal tax charges, the son of the president is also facing criminal charges for gun violations in the state of Delaware. A plea deal that involved both his tax charges and his gun violation charges fell through earlier in 2023. Now, Mr. Biden is set to face two criminal trials that will most likely take place in 2024. In this video, tax expert, Karlton Dennis explains the details of the tax crimes that Hunter Biden is accused of. He provides key insights into these charges which include tax evasion and failure to file taxes. This video provides all of the important details surrounding the new Hunter Biden indictment. Taking the Next Step: Download my new book! The Short Term Rental Rule: https://ebook.taxalchemy.com Book a Professional Tax Strategy Consultation ▶ https://karladennis.com/youtubeconsult Watch this FREE Webinar on how to Use Real Estate To Offset W2/1099 Taxes ▶ https://taxreduction.link/taxsaver *Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you. #taxes #taxfreeliving #taxexpert #taxreduction #llc
Although many tax-saving strategies are geared towards business owners, it is still possible for W-2 employees to implement a variety of techniques to save a substantial amount of money in taxes. In this video, tax expert Karlton Dennis breaks down five of the best ways to reduce taxes on W-2 and active income. He covers real estate investing-based strategies such as qualifying for real estate professional status and using the short-term rental rule. The short-term rental rule involves renting property for 7 days or less as opposed to renting it out for a longer period. Additionally, Karlton also explains how charitable donations and certain tax-advantaged retirement accounts such as traditional 401ks can be used to lower a tax bill. This video is helpful for anyone who works a W-2 job but wants to lower their taxes. Taking the Next Step: Download my new book! The Short Term Rental Rule: https://ebook.taxalchemy.com Book a Professional Tax Strategy Consultation ▶ https://karladennis.com/youtubeconsult *Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you. #taxes #taxfreeliving #taxexpert #taxreduction #llc
Tesla, Inc. has long been known for its highly innovative electric vehicle designs. However, it appears that the company is on the brink of taking electric vehicle technology one step further. The company has been speaking about creating “robotaxis” for several years now. A robotaxi is a self-driving vehicle that is capable of picking up and dropping off customers without the need for a human driver. Apparently, the car manufacturer plans to integrate robotaxi technology into some of its new vehicle models. In this video, tax expert Karlton Dennis explains everything you need to know about this latest development from Tesla, Inc. If Tesla does end up launching robotaxis in the near future, then there will be extremely significant tax and business implications for those who plan to use their Tesla vehicle as a robotaxi. These tax and business implications are discussed in this video as well. Taking the Next Step: Download the Short Term Rental Rule E-Book! https://ebook.taxalchemy.com Book a Professional Tax Strategy Consultation ▶ https://karladennis.com/youtubeconsult Watch this FREE Webinar on how to Use Real Estate To Offset W2/1099 Taxes: https://taxreduction.link/taxsaver *Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you. #taxes #taxfreeliving #TeslaRobotaxi #Robotaxi @KarltonDennis #ElectricVehicle #AutonomousVehicle
Owning your own home is what nearly every American citizen strives for, but high property taxes can not only lower your housing options, it can affect your wealth if you decide to go through with it! In this video, tax expert Karlton Dennis highlights the top five states with the highest property taxes and discuss the pros and cons of living in each one. Make sure to watch until the end to learn exactly how to avoid unnecessary property tax expenses! Timecodes: 0:00 Overview 0:47 State #5 2:28 State #4 3:52 State #3 5:24 State #2 6:42 The Number One State 8:27 Summary Taking the Next Step: Download the Short Term Rental Rule E-Book! https://ebook.taxalchemy.com Book a Professional Tax Strategy Consultation ▶ https://karladennis.com/youtubeconsult Watch this FREE Webinar on how to Use Real Estate To Offset W2/1099 Taxes: https://taxreduction.link/taxsaver Get Help Setting up Your LLC, Now https://shareasale.com/r.cfm?b=617326&u=2911896&m=53954&urllink=&afftrack= #PropertyTaxes #RealEstate #TaxExpert *Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you. #taxes #taxfreeliving #taxexpert #taxreduction #llc
On today's "Saturday Edition" episode, Rich is joined by co-host Karlton Dennis - a Licensed Enrolled Agent, Tax Strategist, Forbes council member, Consultant and YouTuber, to answer the top question of the week that was sent in by our listeners. Rich and Karlton reflect on how to save on income taxes this year and fully analyze what cost segregation studies actually are. They also discuss the 14 day rule, the 7-7-1 strategy, grouping elections, the personal use test, and how to utilize ADUs. If you have a question you'd like answered, please email info@somerscapital.com. Stay tuned every Saturday to see if it's featured!Connect with Karlton on Instagram: @karltondennis--Connect with Rich on Instagram: @rich_somersInterested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more. Interested in joining our Boutique Hotel Mastermind? Visit www.somerscapital.com/mastermind to book a free call. Interested in STR/Boutique Hotel Management? Visit www.excelsiorstays.com/management to book a free call.
Rich sits down with Karlton Dennis - a Licensed Enrolled Agent, Tax Strategist, Forbes council member, Consultant and YouTuber. Karlton has helped over 10,000 clients and 3200 real estate investors and entrepreneurs save millions of dollars in taxes in real estate and business. Karlton also hosts the podcast “Tax Free Living.”Rich and Karlton start off by discussing the LA Lakers and Clippers, how Karlton became a tax professional, the benefits of setting up holding LLCs in Wyoming and Delaware, the benefits of having a living trust, the differences between a revocable trust and irrevocable trust, and the STR loophole for high earning w2 taxpayers. They also reflect on the intricacies of depreciation recapture, the 1031 exchange, cost segregation studies, Tenancy in Common, reverse 1031 exchanges, the definition of like kind exchanges, the child payroll strategy, S Corps and C Corps, the intricacies of Roth IRAs and backdoor IRAs, whether high income earners should put their money into Roth IRAs or 401ks, and self directed 401ks.Lastly, Rich and Karlton talk about setting up Simplified Employee Pension Plan (SEP), stepping up and taking action during the COVID-19 lockdown, tax strategies for high income earners of $10 million or more, and the tax benefits of purchasing jets, yachts, and luxury cars. Connect with Karlton on Instagram: @karltondennis--Connect with Rich on Instagram: @rich_somersInterested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more. Interested in joining our Boutique Hotel Mastermind? Visit www.somerscapital.com/mastermind to book a free call. Interested in STR/Boutique Hotel Management? Visit www.excelsiorstays.com/management to book a free call.
Learn the rich's tax secrets with my new book! Click the link below https://ebook.taxalchemy.com In today's special video, tax expert Karlton Dennis lays out 5 key habits that he adopted to put behind a broke past and embracing the future of a millionaire. Taking the Next Step:
Learn the rich's tax secrets with my new book! Click the link below https://ebook.taxalchemy.com Grow Your Tax and Accounting Business With Our 5 Day Tax-Free Wealth Challenge! October 30 - November 3 2023! Click The Link below for more info https://www.thetaxfreewealthchallenge.com/join-thechallenge Simple life skills can have immense effects on your psyche. They can lead you on to a natural path of goodwill, wealth, and life-fulfillment. Karlton Dennis is around big numbers all day long, he understands the real troubles that come with the working man's life. In this video, he presents 5 traits he's realized put him on the path to lead his life genuinely fulfilled. Taking the Next Step:
In this BetterWealth reacts podcast, we're watching a video from my friend, the Tax Alchemist, Karlton Dennis, about all of the best tax savings available to the middle class.I offer my own favorite tax strategies for the middle class as well as some deeper insights into what makes an effective tax strategy.Original Video - https://www.youtube.com/watch?v=79Oz2Q2FQtw&t=0s______________________________________________ ✉️ Email BetterWealth: https://bttr.ly/infoWEBSITE: https://betterwealth.com
Learn the rich's tax secrets with my new book! Click the link below https://ebook.taxalchemy.com Grow Your Tax and Accounting Business With Our 5 Day Tax Growth Challenge! October 30 - November 3 2023! Click The Link below for more info https://taxgrowthchallenge.com/join-the-challenge Today on Taxes Made Simple, tax expert Karlton Dennis goes over 5 key indicators that will tell you if your shiny new s-corp is a red flag for the IRS! You might be surprised at how easy it is to end up in this situation, even if you think you've done everything correct up to this point! Taking the Next Step:
Grow Your Tax and Accounting Business With Our 5 Day Tax Growth Challenge! October 30 - November 3 2023! Click The Link below for more infohttps://taxgrowthchallenge.com/join-the-challenge Learn the rich's tax secrets with my new book! Click the link below https://ebook.taxalchemy.com As a man, you have obligations to fulfill in this world, especially when it comes to providing and protecting your family. That's much easier said than done in this day and age, particularly with so many personalities telling you how a man should be living his life. Karlton Dennis noticed so many of these people get the wrong idea about what it takes to be a man in today's world, with too many focusing exclusively on image. In today's video, Karlton goes over traits and the science behind them that will make you a overall better and more productive man.... Taking the Next Step:
Learn the rich's tax secrets with my new book! Click the link belowhttps://ebook.taxalchemy.comGrow Your Tax and Accounting Business With Our 5 Day Tax Growth Challenge! October 30 - November 3 2023! Click The Link below for more infohttps://taxgrowthchallenge.com/join-the-challenge Having children can be one of the most rewarding experiences in humanity, but let's be honest, starting a family can get expensive fast! Thankfully the US government has updated its child tax credit laws for 2023! Tax expert Karlton Dennis explains how you can get the absolute most out of this credit on today's Taxes Made Simple Taking the Next Step:
Grow Your Tax and Accounting Business With Our 5 Day Tax Growth Challenge! October 30 - November 3 2023! Click The Link below for more infohttps://taxgrowthchallenge.com/join-the-challenge Thinking of starting a new business? The business structure you choose is integral to not only its success, but also how much you'll be paying in taxes down the road. Choosing the wrong structure can result in you losing out or having to pay way more than necessary, which is why tax expert Karlton Dennis is here today, to relieve you of the research needed! Taking the Next Step:
Grow Your Tax and Accounting Business With Our 5 Day Tax Growth Challenge! October 30 - November 3 2023! Click The Link below for more infohttps://taxgrowthchallenge.com/join-the-challenge You hear all the time how the rich don't pay their taxes and live their lives in luxury while the average Joe shells out most of his income to the IRS. What if I told you that you, yes....YOU, are capable of avoiding taxes completely, 100% legally just as the rich do? Anyone can accomplish this, but you need to know what you're doing, otherwise you might end up behind bars! Luckily, tax expert Karlton Dennis is here to fully explain the process! Taking the Next Step:
Grow Your Tax and Accounting Business With Our 5 Day Tax Growth Challenge! September 11 - 15 2023! Click The Link below for more info https://taxgrowthchallenge.com/join-the-challenge If you're a business owner,listen up! The United States government have been making significant changes to their anti-money laundering laws. The Corporate Transparency Act will drastically affect reporting requirements for businesses of any size. How will this change your company? Tax expert Karlton Dennis explains everything you need to know on today's episode of Taxes Made Simple! Taking the Next Step:
Grow Your Tax and Accounting Business With Our 5 Day Tax Growth Challenge! September 11 - 15 2023! Click The Link below for more info https://taxgrowthchallenge.com/join-the-challenge It's no secret that taxes in California are INSANE compared to the rest of the nation. Thankfully, a new bill recently passed called Assembly Bill No. 150 (AB 150) has allowed for an amazing TAX LOOPHOLE that could greatly benefit the population of not only California, but even other states! How is any of this possible? Find out with host Karlton Dennis on today's Taxes Made Simple! Taking the Next Step:
Thinking about buying a new car this year? You might want to think again. A very appealing tax loophole for leasing electric vehicles might save you significantly on your taxes for the year! Karlton Dennis explains this in full-detail on today's Tax Update! HOW TO WORK WITH ME
You hear it all the time, nearly every single day: Tax the rich! Feed the poor! But what most people don't do is delve into the specifics of that statement. What does it actually mean to tax the rich? and what are the NEGATIVES to such? Karlton Dennis explains it all on today's Taxes Made Simple HOW TO WORK WITH ME
The IRS has a new boss in charge and he claims the service will be offering tax filing at a much faster and easier rate than its ever been. Karlton Dennis outlines all the details surrounding this potentially revolutionary step-forward in filing on today's essential Tax Update! HOW TO WORK WITH ME
If you're getting into the rental property game, the smart idea is to put all these places under a corporation....right? Karlton Dennis has some better advice from years of work with property owners. HOW TO WORK WITH ME
So you finally decided to take the leap and convert your business into an S-corporation! Now what?? Karlton Dennis has seen it all, and with that he's here to give you the utmost basics of what you need to do with you newly christened s-corp on today's Taxes Made Simple! HOW TO WORK WITH ME
It can be troubling in this day and age to keep up living in countries like the US and UK that put enormous strains on their populations through income tax laws. Karlton Dennis is here to show that you're not stuck and have options! There are several countries in the world that are known for not putting income taxes on their populace! Where are these magical places? Find out on today's Taxes Made Simple! HOW TO WORK WITH ME
With 2023 in full swing, there are a lot of changes to how you can deduct taxes this year that were previously allowed, particularly during the pandemic. Karlton Dennis goes over with you the most ESSENTIAL deduction updates to know for you and your business on today's Tax Update! HOW TO WORK WITH ME
President Biden has some new plans in his budget proposal for 2023! Plans that might have a significant effect on your financial life, so it's important to be aware of what's at stake! Tax expert Karlton Dennis goes over what crazy proposals are in store for the US in the coming months on today's Tax Update! HOW TO WORK WITH ME
Bitcoins price saw a big move down following today's FOMC meeting! What does this mean for the rest of cryptocurrency? I will be doing live TA on Bitcoin and letting you guys know what I see on the charts, I will give you some levels to watch for, both to the downside and upside! We will also be joined by Expert Tax Strategist Karlton Dennis! At the end of the stream we will spin the wheel of pain & pleasure, giving you a chance to win some Crypto or other prizes! Karlton Dennis
JOIN THE 2023 TAX FREE WEALTH CHALLENGE TODAY BEFORE IT'S TOO LATE! https://www.thetaxfreewealthchallenge.com/jointhechallenge Fines, penalties, jail-time!? It's time for the average US citizen to take their stand against the IRS. Karlton Dennis is here to break out the iPad and explain sections of the United States tax code to you on how to avoid audits going into the new year! HOW TO WORK WITH ME
JOIN THE 2023 TAX FREE WEALTH CHALLENGE TODAY BEFORE IT'S TOO LATE! JOIN THE 2023 TAX FREE WEALTH CHALLENGE TODAY BEFORE IT'S TOO LATE! https://www.thetaxfreewealthchallenge.com/join-thechallenge R&B superstar Chris Brown has just revealed to owe the IRS over $4 million in unpaid taxes. How did his situation get so bad so fast, and is there anything that we can do to prevent similar problems from happening to us? Karlton Dennis reveals ALL on today's Tax Update. HOW TO WORK WITH ME
Like many athletes, NFL legend Brett Favre has his own charitable foundation. However, there have been scathing reports of fraud from the foundation and that over $130k have been misappropriated. What could he have possibly done with this money to a criminal degree? Karlton Dennis lays EVERYTHING you need to know out on today's Tax Update! HOW TO WORK WITH ME
Reality-TV star Todd Chrisley has been in a grim situation recently due to a serious tax evasion case on his behalf. Prison awaits him soon due to this, but how did the situation unfold so rapidly? Karlton Dennis explains on today's Tax Update! HOW TO WORK WITH ME
Former President Donald Trump's tax returns have finally been publicly released! This has been a long-time coming, and Karlton Dennis is ready to share with you all what the devil in the details are on today's Taxes Made Simple! HOW TO WORK WITH ME
On todays show we are joined by expert tax strategist Karlton Dennis. We will be taking your questions and asking Karlton many common questions when it comes to filing your crypto taxes. After we talk to Karlton I will be diving into the charts and letting your know what I think Bitcoins next move will be. As we continue to trade in the middle of a macro range we will be looking at key levels that you need to look at to enter your next trades! At the end of the stream we will be spinning the wheel of pain and pleasure where you will have the chance to win some free crypto or a free copy of Bitboy Cryptos new book!! Join Bitget NOW for an exchange that puts users first! ➡️ https://partner.bitget.com/bg/FrankieCandles Join my PREMIUM Discord! ➡️ https://mee6.gg/m/frankiecandlespremium Join My FREE Discord! ➡️ https://discord.gg/FrankieCandles Do you like the custom indicators? Get them here! ➡️ https://bitlabacademy.com/ref/FrankieCandles/
Since the start of the pandemic, inflation has RAVISHED the United States, but the IRS have shaken things up a bit with the new changes they implemented into 2023's tax brackets! What does this mean for you? Karlton Dennis breaks out the iPad to teach EXACTLY how much you will be taxed over the next year on today's Taxes Made Simple! HOW TO WORK WITH ME
In this Part 2 conversation with Karlton Dennis I asked him what he thinks of the infinite banking concept. Not only has he heard of it but he utilizes it himself. Karlton shares how advantageous the tax and real estate benefits are with life insurance if properly utilized. Guest bio Karlton Dennis is based in the great state of California and helps anyone from small business owners to millionaires reduce their tax bills, legally, each year. By utilizing the tax codes that the government provides each year, he is able to reduce all of his clients tax bills, and even give them the freedom of living TAX FREE. Karlton has over 380 thousand subscribers on Youtube and has collectively reached millions of viewers with his tax strategies and educational content. Guest Links Watch more of Karlton - https://www.youtube.com/channel/UCEc3bAbOtPEUIgpNkViF_PQ/videos (https://www.youtube.com/channel/UCEc3bAbOtPEUIgpNkViF_PQ/videos) Connect with Karlton on Instagram - https://www.instagram.com/karltondennis/ Learn More About Karlton and his team - https://karltondennis.com/ #BetterWealth Free 15 Minute Clarity Call: https://bttr.ly/ytclarity (https://bttr.ly/ytclarity) The And Asset Book: https://bttr.ly/book (https://bttr.ly/book) BetterWealth Quiz: https://bttr.ly/quiz (https://bttr.ly/quiz) AndAsset.com: https://bttr.ly/andasset (https://bttr.ly/andasset) BetterWealth Youtube - https://bttr.ly/bwyoutube (https://bttr.ly/bwyoutube) Financial Advisor, Agent or Coach: https://bttr.ly/advisor (https://bttr.ly/advisor)
Tax Strategist and entrepreneur, Karlton Dennis shares some of the best and worst tax strategies in the game. We also take a deeper look into who Karlton is and what made him the fastest-growing tax expert on Youtube. Guest Bio Karlton Dennis is based in the great state of California and helps anyone from small business owners to millionaires reduce their tax bills, legally, each year. By utilizing the tax codes that the government provides each year, he is able to reduce all of his clients tax bills, and even give them the freedom of living TAX FREE. Karlton has over 380 thousand subscribers on Youtube and has collectively reached millions of viewers with his tax strategies and educational content. Guest Links Watch more of Karlton - https://www.youtube.com/channel/UCEc3bAbOtPEUIgpNkViF_PQ/videos (https://www.youtube.com/channel/UCEc3bAbOtPEUIgpNkViF_PQ/videos) Connect with Karlton on Instagram - https://www.instagram.com/karltondennis/ (https://www.instagram.com/karltondennis/) #BetterWealth Free 15 Minute Clarity Call: https://bttr.ly/ytclarity (https://bttr.ly/ytclarity) The And Asset Book: https://bttr.ly/book (https://bttr.ly/book) BetterWealth Quiz: https://bttr.ly/quiz (https://bttr.ly/quiz) AndAsset.com: https://bttr.ly/andasset (https://bttr.ly/andasset) BetterWealth Youtube - https://bttr.ly/bwyoutube (https://bttr.ly/bwyoutube) Financial Advisor, Agent or Coach: https://bttr.ly/advisor (https://bttr.ly/advisor)
JOIN THE TAX FREE WEALTH CHALLENGE TODAY! https://www.thetaxfreewealthchallenge... On today's tax update, we go over the fascinating new discoveries to come out of the Black Lives Matter organization, where scandals have come further to light in the heat of discussion after comments made by Candace Owens and Kanye West. Tax expert Karlton Dennis weighs in.... HOW TO WORK WITH ME
Karlton Dennis shares his insightful journey on how he went from a struggling personal trainer to starting a multi-million dollar tax firm. Most would say that doing business with family is not the smartest move, but for Karlton it was exactly what catapulted his career. In his first year working for his family business he generated 1.2 million dollars and shortly started his own personal brand to distinguish himself.
It has recently come to light that a brand new nonprofit conservative group received a massive "dark money" donation of over a billion US dollars. Where did this money come from, what makes it "dark", and could this mean anything when it comes to political influence? Tax expert Karlton Dennis explains it all.... HOW TO WORK WITH ME
Former President Donald Trump's ex-wife Ivana tragically passed away after a fall this summer, and Trump shocked the press (once again) for announcing that she will be buried on a section of a private golf course of his. Tax experts quickly jumped to point out that Trump would do this for tax write-off purposes, but is there any merit to that? Tax expert Karlton Dennis observes and covers the situation on this episode of Taxes Made Simple. HOW TO WORK WITH ME
President Biden recently passed the Inflation Reduction Act after a NARROW vote. But what can this do to actually help curb the rapid rate of inflation in our country? Tax expert Karlton Dennis goes over the whole Act and breaks down what would be the best way to combat inflation for the rest of 2022. All this and MORE on today's Taxes Made Simple! HOW TO WORK WITH ME
We are past 2020 now, and the IRS is sending out more audits then in recent years. On today's Taxes Made Simple, Karlton Dennis goes over the top 5 reasons the IRS can find your LLC audit-worthy in 2022. HOW TO WORK WITH ME
This is a clip from Uncovered : Tax Secrets Of The Wealthy - Episode #262 w/ Karlton DennisReducing your Tax Bill legally takes a trusted advisor, strategic approach, and an awareness of what "Uncle Sam" lays down as the rules of the game! Karlton Dennis has helped thousands of people put together a proper tax strategy as they are on the path to building successful business, contributing to their communities, and becoming wealthy in the process. In this episode we'll uncover the Tax Secrets Of The Wealthy. We will discuss :Tax Strategies Vs. Tax Planning - What the major difference is between learning how to navigate the tax code and willingly paying what you think you owe the government. The Truth About Trusts : Why every entrepreneur should consider having a trust and the power, freedom afforded by and strategy of contract law. Tax Benefits Of Owning Real Estate : Why the rich take advantage of offsetting tax benefits that having a portfolio of real estate provides. Phantom Expenses : How to view depreciation, opportunity to upgrade current assets, and the cost of operating business as leverage to lower your tax bill. Shortening The Wealth Gap : What the government and big banks had in mind when mortgage programs were created and how it affects if/how the wealth gap can be shortened. And so much more!Connect with Karlton : https://www.instagram.com/karltondennis/Join David's Morning Meetuphttp://www.themorningmeetup.com*** Grab the Podcast EBOOK
Reducing your Tax Bill legally takes a trusted advisor, strategic approach, and an awareness of what "Uncle Sam" lays down as the rules of the game! Karlton Dennis has helped thousands of people put together a proper tax strategy as they are on the path to building successful business, contributing to their communities, and becoming wealthy in the process. In this episode we'll uncover the Tax Secrets Of The Wealthy. We will discuss :Tax Strategies Vs. Tax Planning - What the major difference is between learning how to navigate the tax code and willingly paying what you think you owe the government. The Truth About Trusts : Why every entrepreneur should consider having a trust and the power, freedom afforded by and strategy of contract law. Tax Benefits Of Owning Real Estate : Why the rich take advantage of offsetting tax benefits that having a portfolio of real estate provides. Phantom Expenses : How to view depreciation, opportunity to upgrade current assets, and the cost of operating business as leverage to lower your tax bill. Shortening The Wealth Gap : What the government and big banks had in mind when mortgage programs were created and how it affects if/how the wealth gap can be shortened. And so much more!Text “TaxFreeWealth” to 74121 To Grab Karlton's TAX FREE WEALTH CHALLENGE! http://Www.thetaxfreewealthchallenge.comConnect with Karlton : https://www.instagram.com/karltondennis/Join David's Morning Meetuphttp://www.themorningmeetup.com*** Grab the Podcast EBOOK
► Free Training on How to Use Real Estate to Avoid Taxes Legally: https://taxreduction.link/taxsaver ► Schedule A Call With Me https://bit.ly/3ml1953 ►Schedule a FREE Consultation with My Team https://karladennis.clickfunnels.com/... Join this channel to get access to UNRELEASED TAX STRATEGY VIDEOS: https://www.youtube.com/channel/UCEc3bAbOtPEUIgpNkViF_PQ/join/join Thinking about trading forex full time? Tax expert Karlton Dennis sits down with forex trader Austin Zelan to learn about: - His transition from consulting for Microsoft to trading forex - How to start day trading for beginners - Why it's important to manage risk Follow Austin https://www.youtube.com/channel/UCRk8FkT9ViK6_niY6_5vY3g IG: https://www.instagram.com/austinzelan/ *Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
My Courses and Guides: ► Home -Office Deduction Strategy Guide: https://app.taxreductioncompany.com/offers/p8JWkgsC/checkout ► Tax Alchemy Real Estate Tax Course (evergreen) : https://taxreduction.link/taxsaver ►Tax Strategy Crash Course : https://app.taxreductioncompany.com/offers/Gid2orYY/checkout Join this channel to get access to UNRELEASED TAX STRATEGY VIDEOS: https://www.youtube.com/channel/UCEc3bAbOtPEUIgpNkViF_PQ/join Starting a new business? Tax expert Karlton Dennis is here to show you the Top 5 things YOU should be most focusing on as you go through the steps of starting your business. Some of these include: -Taking an income-first approach -Understanding what kind of people are under more scrutiny from the IRS -The importance of liability and your new business! *Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
Welcome to the first episode of Deep Pockets with Swaggy C! Our first guest is Karlton Dennis, a tax strategist for millionaires. Him and I talk EVERYTHING taxes! Please follow and subscribe to stay updated on all future episodes. Our upcoming guest list is INSANE! Subscribe to Deep Pockets on YouTube: https://www.youtube.com/channel/UCbYjXyQHDwjhqSqu8KhJ1IA/ Subscribe to Swaggy C on YouTube: https://www.youtube.com/channel/UC4StGODOeTU2ccMI7cE2FXQ Follow Deep Pockets on Instagram: https://www.instagram.com/deeppockets.podcast/ Follow Swaggy C on Instagram: https://www.instagram.com/swaggyctv/
Should You Hire Your Spouse Inside Your LLC or S-Corp? ► $5 of Bitcoin from Coinbase http://coinbase-consumer.sjv.io/x9OGm3 ► Schedule a FREE Consultation with My Team https://go.karladennis.com/consultation-application1597858391406 ► Schedule A Call With Me https://bit.ly/3ml1953 ► To Join My Mentorship Through Patreon: https://www.patreon.com/karltondennis ►My Forbes articles for more tax tips: https://bit.ly/3dss8Yu ► Follow for more tax tips: https://www.instagram.com/karltondennis/ Recommended Video For You https://youtu.be/IVAtbduc4ec If you own a LLC or S Corp and married, should you hire your spouse inside your LLC or S-Corp? Should you put your spouse on payroll? Karlton Dennis goes over why it might be good idea use this tax reduction strategy and when it might not depending on your situation. Here are some tax deduction tips that can help you save you massive amounts of money on your taxes and stay on top of your business finances. In this video we discuss: Should You Hire Your Spouse Inside Your LLC or S-Corp? Watch this video until the end to avoid overpaying Uncle Sam and to start making the most out of your real estate business! *Disclaimer: I am not a financial advisor nor am I an attorney. I am a licensed Enrolled Agent. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
Thank you to Wealthfront for sponsoring this video! Open up a Wealthfront investment account today through my link: https://invest.wealthfront.com/karlton and get your first $5,000 managed for free! Taxes on Stocks Explained: Day Trader vs. Investor ► $5 of Bitcoin from Coinbase http://coinbase-consumer.sjv.io/x9OGm3 ► Schedule a FREE Consultation with My Team https://go.karladennis.com/consultation-application1597858391406 ► Schedule A Call With Me https://bit.ly/3ml1953 ► To Join My Mentorship Through Patreon: https://www.patreon.com/karltondennis ►My Forbes articles for more tax tips: https://bit.ly/3dss8Yu ► Follow for more tax tips: https://www.instagram.com/karltondennis/ Recommended Video For You https://youtu.be/IVAtbduc4ec What's the difference between a day trader and investor when it comes to taxes? How can you pay less taxes as a stock investor or day trader? Let's find out... Here are some tax deduction tips that can help you save you massive amounts of money on your taxes and stay on top of your business finances. In this video we discuss: Taxes on Stocks Explained: Day Trader vs. Investor Watch this video until the end to avoid overpaying Uncle Sam and to start making the most out of your real estate business! Karlton Dennis receives cash compensation from Wealthfront Advisers LLC (“Wealthfront Advisers”) for sponsored advertising materials. Karlton Dennis is a client and this is a paid testimonial. Karlton Dennis and Wealthfront Advisers are not associated with one another and have no formal relationship outside of this arrangement. Nothing in this communication should be construed as a solicitation, offer, or recommendation, to buy or sell any security. Any links provided by Karlton Dennis are not intended to imply that Wealthfront Advisers or its affiliates endorses, sponsors, promotes and/or is affiliated with the owners of or participants in those sites, or endorses any information contained on those sites, unless expressly stated otherwise. Investment management and advisory services are provided by Wealthfront, an SEC registered investment adviser. All investing involves risk, including the possible loss of money you invest, and past performance does not guarantee future performance. *Disclaimer: I am not a financial advisor nor am I an attorney. I am a licensed Enrolled Agent. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
Through his impact driven consultations, Karlton Dennis is a top performing licensed tax strategist who has helped over 10,000 clients achieve their financial goals and achieved tax free living. With his many e-books and online courses, Karlton is recognized as a thought leader who is helping the world with his educational and value driven content. Karlton provides the strategies that will bring any entrepreneur closer to the life and business they love. Music Credits: A Himitsu - Adventures (@argofox & @a-himitsu)
Wanna Join Omar & Learn How To Grow Your Business w/ YouTube? JOIN HERE: https://www.facebook.com/groups/1593950867602879 ( 100% FREE) Today, I got to interview Karlton about all things related to making, keeping & growing your money - 1 awesome tax strategy at a time! Known as a financial specialist to high-net worth & celebrity clients, today he shares with us how (whether you have an LLC, corporation, non-profit OR are trying to learn how to think like the most strategist multi-million dollar business owners), you can truly take control of your financial destiny! So whether you're a beginning or expert entrepreneur, you'll be able to learn so much about taxes, the IRS, investing & so much more! The best part is that Karlton teaches this all so well, simplifying the mindset for success from A-Z, enjoy! P.S. if you have any questions, feel free to comment down below & maybe we'll do an even more in-depth interview just for y'all! Hope this helps you build the multi-million dollar business of your dreams - OMAR PERSONAL BRAND CONSULTING: https://thepassionatefew.clickfunnels.com/4-survey (INTERVIEW APPLICATION) WANNA BE INTERVIEWED ON THE SHOW TO SHARE YOUR STORY, BRAND & BUSINESS WITH 10,000+ (GUARANTEED) WHILE HELPING US FEED 1,000,000 PEOPLE? Apply To Reach 10,000+ Customers Here: https://podcastmastery.activehosted.com/f/10 ________________________ FOLLOW OMAR AND KARLTON ON INSTAGRAM HERE: OMAR'S INSTAGRAM: https://www.instagram.com/Omar_TheRockstar/ KARLTON'S INSTAGRAM: https://www.instagram.com/karltondennis/
Today I had Karlton Dennis on the show talking about how he's built an enormous tax company that saves business owners and real estate investors a lot of money on their annual tax bill. If you want to learn how I save money on taxes as well, make sure to stick around!Join Karlton Dennis' Mentorship:https://www.patreon.com/karltondennis_____________________________________________________Download my book, RAISE+ Planner, real estate contracts, and newsletter for FREE. Also check out all my courses and programs. https://ryanpineda.comGo Subscribe to my main channel "Ryan Pineda". https://www.youtube.com/c/ryanpinedaText Me: 1-702-297-6328I communicate directly with you! Exclusive content and giveaways.Want to be coached by me? Apply at https://futureflipper.comLet my company make you passive income through Amazon Automation! Watch the case study at http://lunarecom.comWant to invest in real estate but don't have the time to find deals? Invest through Fundrise!https://fundrise.com/Need Tax and Accounting help? Contact my CPA Firm! https://TrueBooksCPA.com/Are you a Realtor in Las Vegas, NV? Join my Brokerage! https://ForeverHomeLV.com/If you're just starting out and you want to market directly to sellers, I highly recommend using BatchLeads. We currently use them in our business to pull lists, stack lists, get phone numbers, text, and find property values. It is an amazing service that will help you get deals on any budget!Promo Code: HOMERUN for half off y
Chances are, many of us won't become exactly the person we envisioned when we were younger. If your reality doesn't match your vision, you might feel like you've been cast adrift, unmoored from anything solid. But it doesn't have to be that way: you can shift and pivot toward new possibilities. That's what our guest today did: from a college football star, Karlton Dennis became a top tax strategist. Now, he helps others on their path to financial freedom. In this episode, Karlton Dennis tells us how he makes tax sexy and leads people to financial freedom. He details the key events that led him to transform into the person he is today so we can learn from his success story. He also shares the traits he picked up from his mother and the habits of the highly successful people. If you want to get a peek into the mindset and characteristics of high-achieving individuals, then this episode is for you! Three reasons why you should listen to the full episode: Discover the world of tax planning and strategy and how to leverage it for financial freedom. Be inspired to awaken your entrepreneurial spirit. Learn why Karlton believes balance has no place in your life when you're chasing success. About KarltonKarlton Dennis is a fitness buff turned serial entrepreneur and top-performing tax advisor. He has helped over 10,000 clients save thousands of dollars in taxes and achieve their financial goals. To help more people find financial freedom, Karlton wrote various ebooks and online courses. In addition, he shares free tax planning advice on his YouTube channel. In 2019, he became an official member of the Forbes Business Development Council. If you want to learn more from Karlton, make sure to visit his http://www.karltondennis.com/ (website) and https://www.youtube.com/channel/UCEc3bAbOtPEUIgpNkViF_PQ (YouTube channel). You can also connect with him through https://www.instagram.com/karltondennis/ (Instagram), https://twitter.com/karltondennis?lang=en (Twitter), and https://www.facebook.com/pg/karltondennistaxstrategy/posts/ (Facebook.) Enjoyed this Episode?If you did, be sure to subscribe and share it with your friends! Post a review and share it! If you enjoyed tuning in, then leave us a review. You can also share this with your friends and family. This episode will inspire you to hone your mindset to achieve success, and put you on the road to financial freedom. Have any questions? You can connect with me on https://www.facebook.com/simonosamoh1 (Facebook), https://twitter.com/SimonOsamoh (Twitter), or https://www.instagram.com/simonosamoh/ (Instagram). Thank you for tuning in! For more updates, visit my https://www.simonosamoh.com/ (website) or https://mailchi.mp/79a93fb461d9/simonosamoh (join the community). You may also tune in on https://podcasts.apple.com/us/podcast/who-i-became/id1514104061 (Apple Podcasts) or https://www.youtube.com/playlist?list=PLmu-CaQ10DJk7Y1uAfk_f_MJkwt1m2441 (YouTube).
Chances are, many of us won't become exactly the person we envisioned when we were younger. If your reality doesn't match your vision, you might feel like you've been cast adrift, unmoored from anything solid. But it doesn't have to be that way: you can shift and pivot toward new possibilities. That's what our guest today did: from a college football star, Karlton Dennis became a top tax strategist. Now, he helps others on their path to financial freedom. In this episode, Karlton Dennis tells us how he makes tax sexy and leads people to financial freedom. He details the key events that led him to transform into the person he is today so we can learn from his success story. He also shares the traits he picked up from his mother and the habits of the highly successful people. If you want to get a peek into the mindset and characteristics of high-achieving individuals, then this episode is for you! Three reasons why you should listen to the full episode: Discover the world of tax planning and strategy and how to leverage it for financial freedom. Be inspired to awaken your entrepreneurial spirit. Learn why Karlton believes balance has no place in your life when you're chasing success. About KarltonKarlton Dennis is a fitness buff turned serial entrepreneur and top-performing tax advisor. He has helped over 10,000 clients save thousands of dollars in taxes and achieve their financial goals. To help more people find financial freedom, Karlton wrote various ebooks and online courses. In addition, he shares free tax planning advice on his YouTube channel. In 2019, he became an official member of the Forbes Business Development Council. If you want to learn more from Karlton, make sure to visit his http://www.karltondennis.com/ (website) and https://www.youtube.com/channel/UCEc3bAbOtPEUIgpNkViF_PQ (YouTube channel). You can also connect with him through https://www.instagram.com/karltondennis/ (Instagram), https://twitter.com/karltondennis?lang=en (Twitter), and https://www.facebook.com/pg/karltondennistaxstrategy/posts/ (Facebook.) Enjoyed this Episode?If you did, be sure to subscribe and share it with your friends! Post a review and share it! If you enjoyed tuning in, then leave us a review. You can also share this with your friends and family. This episode will inspire you to hone your mindset to achieve success, and put you on the road to financial freedom. Have any questions? You can connect with me on https://www.facebook.com/simonosamoh1 (Facebook), https://twitter.com/SimonOsamoh (Twitter), or https://www.instagram.com/simonosamoh/ (Instagram). Thank you for tuning in! For more updates, visit my https://www.simonosamoh.com/ (website) or https://mailchi.mp/79a93fb461d9/simonosamoh (join the community). You may also tune in on https://podcasts.apple.com/us/podcast/who-i-became/id1514104061 (Apple Podcasts) or https://www.youtube.com/playlist?list=PLmu-CaQ10DJk7Y1uAfk_f_MJkwt1m2441 (YouTube). Support this podcast
In this episode Irv talks with Tax Strategist Karlton Dennis on how entrepreneurs, investors & business owners can save thousands of dollars in taxes legally just by knowing the tax code. Connect with Karlton Dennis: KarltonDennis.com IrvOfficial.com Go to http://www.audibletrial.com/IrvOfficial for your FREE Audiobook & start listening today - Enjoy! The Official Store (Shirts, Hoodies, Tank Tops, Mugs & MORE): https://teespring.com/stores/irv-official-store Add Irv: Podcast Youtube Channel: shorturl.at/oqAMX Instagram TikTok Buissiness Inquiries: InsightWithIrv@Gmail.com --- Support this podcast: https://anchor.fm/insightwithirv/support
For todays episode, we brought on expert tax strategist Karlton Dennis to talk about vehicle tax strategies, write offs, fund taxes, and much more
This week I sat down with Karlton Dennis, The Tax Alchemist, who specializes in tax strategies for getting you the maximum return. I am huge on health and wellness, but part of being healthy is being smart with your money. The very best in the world know how to maximize their wealth by being strategic with the tax game, and Karlton knows all the ins and outs. Karlton works with millionaires to influencers just starting out. He's licensed in all 50 states, is a Forbes member, and also has a robust podcast, Tax Free Living.I sat down with Karlton and in the first 3 minutes he showed me how I'm losing $24k/year by now utilizing this one, simple strategy. If you're not leveraging your taxes correctly, then you're not living to your fullest potential. Check out Karlton Dennis over at https://karladennis.theworks.siteFollow on Instagram @karltondennisKarlton is also launching a new course called the Tax Alchemist Academy which you can find in any search engine.Also, I help busy men lose weight. Let's face it, if your weight is under control, you're more confident, and if you're more confident you go out and crush the world and live your highest version of your self. Email at info@joelevancoaching.com or DM me @joelevancoaching so I can help. Go to https://www.joelevancoaching.com for the show notes and resources.Timeline2:55 - What's a typical tax strategy session like?4:35 - The 3 questions Karlton asks all his clients?10:30 - Can “influencers” write off anything?12:40 - What's an overall tax write-off that most people are missing?13:50 - How should people think about entities?15:40 - Do you really get any more protection by forming an LLC?17:30 - What are the top ways you can avoid an audit?19:45 - Should you invest in real estate?21:10 - Bitcoin (BTC), good or bad?22:50 - What's one of the most underutilized strategy for taxes?24:30 - How to write off a $1.1 million yacht41:13 - Why 2020 was the greatest gift…
It's getting to be tax time so Casey and Naomi invited Karlton Dennis, aka The Tax Alchemist to the shot to talk about how to handle your money right so Uncle Sam gets his, and you don't end up in trouble. The most important episode we've done for small business people!
When you file your tax returns each year, I'm sure you get excited when you see a large number come back to you. Did you know that tax refunds are anti-wealth! When you are receiving a refund this means that you OVERPAID. The money that you handed to the government, could have gone directly into your pocket for 52 weeks and not into the hands of Uncle Sam. What you choose to withhold when filing your W-4 is reported to the IRS and then taken out of your paycheck. ➖ Oftentimes, the percentage chosen ends up giving excess money to the government because of end of the year deductions that are made. That is an INTEREST FREE loan you've just handed to the US Government.
Did you know that your business doesn't have to make a PROFIT to leverage deductions?
I love the practice of making commitments to myself and those around me. When you make a commitment, you take physiological responsibility to complete that commitment. These little commitments start to add up to shape the big picture of your life and your health. Just like Karlton says, the achievements of little commitments everyday help shape your mindset for growth. One of the biggest commitments I have made is to put a Cooperstown Chiropractic in every town. It is a huge commitment and will not be easy. However I am committed to pursuing it everyday. I truly want to help change the narrative of sickness and disease in this world. I want health, freedom, and miracles to be the norm in this world. Hope you enjoyed this episode of The Miracle Academy, and don't forget to SUBSCRIBE to my Youtube Channel and follow me @Scotty_Cooper and @KarltonDennis
When you are building a LEGACY it takes planning, lots of it! The rich don't get rich by not putting in the work, they get rich by planning their life efficiently. One of my favorite ways to do this is by using the Cost Segregation Study - The IRS can separate components of your property that looks at things like: Lighting Roof Appliances Things that will be long gone after this investment is paid off. This is just one of the strategies that I use to save my clients money. Many people are owed money, that they don't know about. Strategize! Follow me on Social Media @KarltonDennis.
In this Tax Free Living we discuss the changes occurring in our big cities, within the market, investing, other changes and how we're getting ahead. Enjoy this interview with Former NFL Player Peyton Thompson and catch up on what he is currently working on, now, and in the future. If you enjoyed this, and want to learn more about investing or tax strategy check out my Youtube Channel, and Social Media @KarltonDennis.
If you want to live Tax FREE and learn how to LEGALLY save yourself from paying more to Uncle Sam, then check out this podcast where Matt Bontrager and I, both Tax Strategist, break down just how Trump was able to pay so little in tax, and how you can as well. Matt and I are both Tax Strategist and we have both spent hours studying these codes so that we can use them for your advantage and leverage your current expenses, and help you preplan how to save on future ones. Subscribe to my Youtube Channel for my great Tax info, and follow me on Social Media @KarltonDennis. Thanks for listening!
If you're in need of some information on how to save your business money by leveraging the tax codes and potentially living TAX FREE, then keep listening! I brought on one of my good friends, Charlie Chang, to interview for my Tax Free Living Podcast. Him and I met at our luxury apartments complex. We both have such motivational and hard-working mindsets and we were able to connect and build a friendship from that. Hear the amazing story of how I signed my first 100 MILLION DOLLAR client, and how that was, believe it or not, sealed by him seeing my car. He knew I meant BUSINESS. For more Tax Tips and Info... Follow me on Social Media @KarltonDennis and/or Subscribe to my Youtube Channel: Karlton Dennis
Pat Schneider grew up in Florida where he found his passion for photography. He made a commitment to his craft and went out for photo shoots with friends and models after school to improve his craft. He then got the opportunity to work with Marco The Champion who called Pat and asked if he would be open to working as a content creator for him? Pat answered yes and the rest is history. He then went on to gain professional insight into content creation which allowed him to help Marco create unique content. That Provided him the opportunity to be a content creator for Dr.Fabi, Karlton Dennis, Charlie Rocket, music artists, and many small businesses. He is also the CEO of Legendary Media which is a media company that helps capture and make content for influencers. Pat knows how to provide content and exceed expectations every time! Pat answers questions like... How do I network with celebrities, entrepreneurs, and business owners? How do you not let your ego get in the way? How do I start making amazing content? How do you define success? What gear should we use to get started? How do you provide genuine value to clients as content creators? What are S.M.A.R.T Goals? How do I set S.M.A.R.T Goals? How do you deal with self-doubt?
© 2020-2025 Ivy Podcast Discovery LLC
