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Rent To Retirement: Building Financial Independence Through Turnkey Real Estate Investing
Click HERE to learn how to earn $10K/month in rental income & access 50% discount on RTR Academyhttps://landing.renttoretirement.com/evg-masterclass-replayThis episode is sponsored by…ECKARD ENTERPRISES:Build wealth through alternative investments in U.S. oil & gas with Eckard's tangible, tax‑advantaged energy assets: https://eckardenterprises.com/rent-to-retirement/BLUPRINT HOME LOANS:Get pre-approved with one of RTR's preferred lenders at https://bluprinthomeloans.com/renttoretirement/ FIGURE:Access your home equity in minutes—no refinance needed! https://go.figure.com/renttoretirement
Rent To Retirement: Building Financial Independence Through Turnkey Real Estate Investing
Click HERE to learn how to earn $10K/month in rental income & access 50% discount on RTR Academyhttps://landing.renttoretirement.com/evg-masterclass-replayThis episode is sponsored by…ECKARD ENTERPRISES:Build wealth through alternative investments in U.S. oil & gas with Eckard's tangible, tax‑advantaged energy assets: https://eckardenterprises.com/rent-to-retirement/BLUPRINT HOME LOANS:Get pre-approved with one of RTR's preferred lenders at https://bluprinthomeloans.com/renttoretirement/ FIGURE:Access your home equity in minutes—no refinance needed! https://go.figure.com/renttoretirement
In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the latest provisions of the One Big Beautiful Bill and how these updates directly affect retirees and pre-retirees. Joined by tax expert Taylor Wolverton, CFP® and EA, they dive into key areas of the 2025 tax changes that could significantly impact your retirement planning strategies. From estate tax exemption levels to the nuances of the QBI deduction, these insights help you better understand how to navigate Taxes in Retirement while maximizing opportunities for long-term tax savings.Listen in to learn about how provisions such as the new auto loan interest deduction, expanded charitable deduction, and the innovative Trump accounts for newborns can play a role in your personal retirement tax planning. With practical explanations and forward-looking strategies, this episode provides essential knowledge for anyone seeking to secure your retirement and prepare a thoughtful retirement checklist.In this episode, find out:· Why the current tax rates are considered “permanent” and what that really means for your tax strategy for retirees.· How the estate tax exemption impacts your legacy and protects families from unnecessary gift and estate taxes.· What the Qualified Business Income (QBI deduction) means for self-employed individuals and small business owners.· The new charitable deduction opportunities even for those who take the standard deduction.· How auto loan interest deduction and Trump accounts for newborns could change the way families plan for the future.Tweetable Quotes:· “There's significant opportunity ahead of us to take advantage of today's lower tax rates before changes come in the future.” – Radon Stancil· “Even small provisions in the One Big Beautiful Bill can create big opportunities for retirees who want to plan smartly.” – Murs TariqResources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.
Send us a textWe challenge the idea that lower is always better for taxes and show how “use it or lose it” deductions and credits vanish when income is either too high or too low. We map the sweet spots that unlock SALT, QBI, and child credits, and share moves to land there on purpose.• standard vs itemized deductions and why timing matters• SALT cap expansion and the $500k–$600k AGI phaseout• AGI-reducing vs taxable-income-reducing strategies• QBI rules, SSTB phaseouts, and the ~$395k MFJ target• stacking SALT and QBI for outsized savings• when adding income beats cutting it, including Roth conversions• child tax credit thresholds and why MAGI control matters• state nonconformity to bonus depreciation and planning implications• practical levers: retirement deferrals, cost seg, oil and gas, expense timing
On today's episode, Part 2 of Dr. Mark Costes' conversation with Eric Goodman dives deeper into the nuts and bolts of investing through private credit. Eric explains how Goodman Capital vets deals, why real estate-backed loans offer exceptional downside protection, and how their funds provide monthly cash flow with powerful tax advantages like the QBI deduction. They discuss how different types of dentists—from high-earning W2s to recent sellers—can benefit from short-duration, risk-conscious investment strategies. Plus, Eric shares how Goodman Capital supports investors with frequent reporting, direct communication, and even in-person real estate walkthroughs in Manhattan. This episode is a masterclass in how to preserve capital, generate yield, and avoid the common traps in alternative investing. Be sure to check out the full episode from the Dentalpreneur Podcast! EPISODE RESOURCES https://goodmancapitalllc.com https://www.truedentalsuccess.com Dental Success Network Subscribe to The Dentalpreneur Podcast
In this episode: Navigating government shutdowns and IRS updates for business owners The impact of state vs. federal marijuana laws on business deductions Understanding the QBI deduction and how it affects entrepreneurs Beneficial ownership reporting: what changed and why it matters Key tax deadlines and what to do after tax season Foreign bank account reporting requirements (FBAR) State-specific tax law changes (Maryland vs. Delaware) Deep dive into the Research & Development (R&D) tax credit: Who qualifies and the four-part test Real-world examples for startups, manufacturers, and tech companies Payroll tax offsets for early-stage businesses Documentation tips and audit triggers Common misconceptions and maximizing your credits
Your finances have layers—investments, taxes, planning for the future. If you want a second set of eyes, Peter opened up a few spots for a quick, no-obligation call. Grab yours now. ----- Tax law shifts can change the best time to recognize income, give to charity, and make big business decisions. This episode unpacks how the “One Big Beautiful Bill Act (OBBBA)” reshapes year-end planning for pre-retirees, equity-comp executives, and business owners—and what still works vs. what to rethink. Listen now and learn: ► How the new charitable-deduction mechanics affect bunching and donor-advised funds ► What the updated SALT landscape means—and when a PTET election may still be worth it ► Where pre-retirees can find Roth-conversion “windows” and how NIIT thresholds influence capital-gain timing ► The big moves for owners and executives—from RSU withholding gaps and ISO/AMT credits to QBI and bonus-depreciation options Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions. (03:08) OBBBA: What Actually Changed in 2025 (Rates, Estate & Gift) (05:29) Charitable Giving After OBBBA: 2% AGI Floor + Pease-Style Haircut (What It Means for DAF Timing) (7:42) SALT Deduction: $40k Cap With a Phase-Down for Higher Incomes (Plus PTET Strategy) (9:14) Social Security Isn't Tax-Free; New Senior Deduction Helps at Lower Incomes (10:11) Timing Still Wins: Why November Is the Last Best Window (and Why 2025 vs. 2026 Is Odd) (12:33) Pre-Retirees: NQDC Spikes, Roth-Conversion Windows, and Capital-Gains/NIIT Coordination (17:31) Equity Compensation: RSU Withholding Gaps, Concentration Risk, and ISO/AMT Credits (21:34) Business Owners: QBI Permanence, 100% Bonus Depreciation, and Smoother Elections (24:15) PTET: Powerful, But Don't Miss the Payment Deadline (26:05) Often Missed: SEP IRA for Self-Employed Income and Director Fees (27:00) How a Tax-Led Engagement Works (and Why Advisory + Tax Prep Reduces Errors) Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com) Disclosure: This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment. The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Plancorp LLC employees providing such comments, and should not be regarded the views of Plancorp LLC. or its respective affiliates or as a description of advisory services provided by Plancorp LLC or performance returns of any Plancorp LLC client. References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Please see disclosures here.
The Big Beautiful Bill Basics Explained | Keep It Simple Podcast with Joey Bottinger
The One Big Beautiful Bill has passed, and it could put thousands of dollars back in your pocket. In this episode, we're breaking down how this powerful piece of legislation could help lower your tax bill and supercharge your returns, whether you're relatively new to real estate investing or actively scaling your portfolio! Welcome back to the Real Estate Rookie podcast! Today, we're joined by Amanda Han and Matt MacFarland from Keystone CPA, who break down the latest tax bill, what it means for rookie investors, and a few of the best tax strategies to implement. We'll cover things like 100% bonus depreciation, cost segregation studies, and the short-term rental loophole. You'll even learn about the extended qualified business income (QBI) deduction that benefits many Americans—including real estate investors! But that's not all. We'll also provide realistic examples of how a rookie can double their write-offs, the “marriage loophole” that helps couples maximize their tax savings, and the biggest (and most expensive) rookie tax mistakes to avoid at all costs! In This Episode We Cover How the One Big Beautiful Bill could more than double your tax savings in 2025 Why 100% bonus depreciation is a game-changer for real estate investors The short-term rental loophole that could help offset your W-2 income by thousands How to use a cost segregation study to accelerate property deductions The “marriage loophole” high earners use to lower their taxable income Tweaking your investing strategy to maximize your tax breaks And So Much More! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-615 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Welcome back to Belk on Business! I'm Josh Belk, and in this episode, I wrap up our multi-week series covering the key provisions in the recently passed “Big Beautiful Bill.” From individual to business tax updates, I'll walk you through the highlights that matter most as you start planning for the year-end and beyond.We cover changes to tax brackets, deductions, credits, and business incentives—including what's been made permanent, what's temporary, and what's still waiting for IRS guidance. Whether you're a high-income earner, small business owner, or advisor, this summary will help you stay ahead of the game as the 2025 tax landscape comes into view.3 Key TakeawaysPermanent Tax Policy Shifts: Lower tax brackets, standard deduction increases, and QBI deductions have been made permanent, along with notable changes to AMT and charitable deductions.Temporary Incentives to Leverage Now: Opportunities like the $6,000 senior deduction, $25K tip income deduction, and auto loan interest deduction are only available from 2025 to 2028.R&D and Depreciation Changes Need Watching: Bonus depreciation is back at 100%, and R&D expensing is restored—but with IRS guidance still pending, smart planning is critical.Episode Timeline & Highlights[0:00] – Wrapping up the series: What this episode will cover[1:16] – Summary of individual tax changes: brackets, deductions, and credits[2:02] – Standard deduction increase and the end of personal exemptions[3:00] – Charitable deduction changes: new floor and above-the-line options[3:42] – Temporary provisions: tips, overtime, and auto loan interest deductions[4:40] – Adjustments to premium, child, and earned income tax credits[5:03] – Estate tax exemption increase coming in 2026[5:18] – Summary of business tax changes: R&D, depreciation, QBI, and energy credits[6:52] – Section 179 expensing expansion and future guidance expected[7:27] – Final thoughts on year-end planning and what to watch for in OctoberLinks & ResourcesIRS Tax Reform Updates: https://www.irs.gov/newsroom/tax-reformR&D Credit Info: https://www.irs.gov/credits-deductions/individuals/research-creditSection 179 Deduction Overview: https://www.irs.gov/publications/p946If this episode helped you prepare or prompted some questions, make sure to rate, follow, and review Belk on Business. Share it with a colleague or client who needs to hear this—there's still time to plan smart before year-end!
Tax Court issues decision on handling W-2 wages for QBI purposes for cannabis business, "placed in service" definition clarified for pre-IRA electric vehicle credits, and more developments.
Roger and Annie break down the aftermath of Commissioner Billy Long's abrupt departure to become Ambassador to Iceland, leaving Treasury Secretary Scott Bessent as acting commissioner amid widespread IRS staff cuts and uncertainty. They also explore the massive 900+ page "Big Beautiful Bill" (2025 Act), covering everything from permanent individual tax rate changes and Trump savings accounts for children to the new tip and overtime tax exclusions that expire in 2028. The discussion also covers significant business provisions like permanent QBI deductions, higher 1099 thresholds, and the systematic elimination of energy credits through 2028.SponsorsPadgett - Contact Padgett or Email Jeff Phillips(00:00) - Welcome o Federal Tax Updates (01:03) - Recap of Previous Podcast with IRS Stakeholder Liaison (01:53) - Discussion on IRS Forums and Observations (06:14) - Changes in IRS Leadership (09:19) - Impact of IRS Leadership Changes on Operations (19:08) - Big Beautiful Bill Overview (28:05) - Individual Tax Changes in the 2025 Act (31:28) - Changes to Standard Deductions and Itemization (33:26) - Paid Leave and Adoption Credits (35:26) - New Trump Accounts and Education Savings (39:50) - Tax Benefits for Workers: Tips and Overtime (46:31) - Senior Tax Benefits and Auto Loan Interest Deduction (47:57) - Business Tax Provisions: QBI Deduction and Depreciation (52:44) - Energy Credits and Their Phase-Out (56:42) - Political Implications and Conclusion Get NASBA Approved CPE or IRS Approved CELaunch the course on EarmarkCPE to get free CPE/CE for listening to this episode.Connect with the Hosts on LinkedInRoger HarrisAnnie SchwabReviewLeave a review on Apple Podcasts or PodchaserSubscribeSubscribe to the Federal Tax Updates podcast in your favorite podcast app!This podcast is a production of the Earmark MediaThe full transcript for this episode is available by clicking on the Transcript tab at the top of this pageAll content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.
Now that several tax-saving opportunities are permanent through the One Big Beautiful Bill, the potential for strategic, proactive planning is greater than ever. The guys walk through the top tax tips, covering QBI, bonus depreciation and more. Plus, college football is back, and the guys are making their predictions for the season. LINKS Podcast Video cainwatters.com Submit a Question Facebook | YouTube | Instagram
You've probably heard the buzz: the “One Big, Beautiful Tax Bill” was officially passed on July 4th—and it's packed with major changes for business owners. But what does it actually mean for your 2025 tax return? In this episode, Barbara breaks down the bill in plain English (no IRS jargon here!) and shares how these new deductions, credits, and loopholes can save you thousands—if you know how to use them.She also shares why this moment is a turning point in tax strategy, who wins big (spoiler: creators and high-tax state residents), and what business owners need to shift now to take advantage. Tune in to hear:What's actually in the new tax bill and why it matters for small business ownersThe massive QBI deduction extension and how it saves you 20%The increase in SALT deductions (hello, Californians + New Yorkers
Welcome back to Belk on Business! I'm Josh Belk, and today I'm diving into another round of tax law updates from the recently passed “big beautiful bill.” This episode is all about understanding how some of the most impactful elements—like the tax bracket changes, SALT deduction cap, and Qualified Business Income (QBI) deduction—will affect you and your business.If you're a business owner, high-income earner, or just someone wanting to maximize your tax savings, this episode walks you through the practical implications of these changes and what steps you should consider before year-end to stay ahead.3 Key TakeawaysLower Tax Brackets Are Now Permanent: All tax brackets—except the top one—have been permanently reduced, benefitting low- and middle-income earners the most.SALT Deduction Cap Increased Temporarily: From 2025 to 2028, the state and local tax deduction cap jumps to $40,000 for taxpayers earning under $500K.QBI Deduction Rules Refined: While the 20% QBI deduction remains, income thresholds and business classifications (like specified service trades) still limit eligibility, especially for high earners.Episode Timeline & Highlights[0:00] - Intro and recap of the ongoing breakdown of the new bill[1:04] - Overview of the bill's timeline and political context[1:40] - Permanent tax bracket changes and who benefits[2:50] - The SALT deduction cap increased—but with income limits[4:38] - Why you may need to rethink pass-through entity tax planning[5:16] - Understanding the QBI deduction and specified trade/service business limitations[7:07] - Income thresholds and complex calculation rules for high earners[7:58] - Case example: strategic entity structuring to retain QBI eligibilityLinks & ResourcesIRS Tax Bracket Information: https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2025SALT Deduction Overview: https://www.taxpolicycenter.org/briefing-book/what-salt-deductionQBI Deduction (Section 199A) Guidelines: https://www.irs.gov/newsroom/section-199a-qualified-business-income-deductionIf this episode gave you clarity or sparked a few questions, be sure to rate, follow, and review Belk on Business. And don't forget to share it with a friend or colleague who could benefit from these updates. See you in the next one!
In this episode, Craig McGrouther, Sam Morris and I break down Trump's "Big Beautiful Bill" and its massive implications for real estate investors. The return of 100% bonus depreciation is a game-changer, allowing investors to front-load tax benefits in year one of ownership. We discuss how wage growth has outpaced rent growth for 31 consecutive months (per Jay Parsons), creating a healthier rent-to-income ratio and setting up potential for future rent increases as new supply dwindles. We also address recent Houston foreclosure headlines, explaining how their focus on workforce housing in desirable locations differs fundamentally from distressed investment strategies. Key tax updates include no tax on tips (first $25K), overtime tax deductions, increased standard deductions, and permanent QBI benefits. For investors, these changes make cash-flowing real estate even more compelling versus taxable debt investments.Apply to attend the LSC Summit 2025:www.lscsummit.com Download our FREE Passive Investor Guide:https://www.lscre.com/content/passive-investor-guide Subscribe to our newsletter and get the FREE Underwriting Toolkit:https://www.lscre.com/resource/fof-underwriting-toolkitLearn more about Lone Star Capital:www.lscre.comFollow me on LinkedIn:https://www.linkedin.com/in/rob-beardsleyRead my latest articles:https://www.lscre.com/blog
Special Episode: Navigating New 2025 Tax Laws for Therapy Practice OwnersIn this special summer edition of 'Therapy for Your Money', host Julie Herres, owner of Green Oak Accounting, discusses important updates from the new tax bill that affect small business owners and private practice therapists. Julie provides a concise breakdown of business changes, personal tax updates, and some unique deductions that may have fine print, offering key insights and practical advice for therapy practice owners to stay informed and prepared. Key topics include maintaining the QBI deduction, the return of bonus depreciation, pass-through entity tax benefits, and adjustments to personal deductions like the SALT deduction and child tax credit. Julie emphasizes the importance of consulting with tax professionals to navigate these changes effectively.Episode Highlights00:00 Introduction to Therapy for Your Money00:44 Special Edition: New Tax Law Overview01:57 Context: Tax Changes Since 201703:46 Business Tax Updates08:30 Personal Tax Updates13:32 New Deductions with Caveats23:00 Medicare and Medicaid Changes25:23 Conclusion and Final AdviceLinks and ResourcesMoney for Therapists Practice Startup - https://www.greenoakaccounting.com/startupGreenOak Accounting - www.GreenOakAccounting.comTherapy For Your Money Podcast - www.TherapyForYourMoney.comProfit First for Therapists - www.ProfitFirstForTherapists.comProfit First Academy - www.ProfitFirstForTherapists.com/Academy Podcast Production and Show Notes by Course Creation StudioGet our free KPI tracker to see how you practice measures up to others in the industry! www.therapyforyourmoney.com/kpi
In this comprehensive episode, Adam is joined by Tad Pospisil of Ironhorse CPA and Advisors to discuss the recently signed tax bill, often referred to as the 'one big, beautiful bill,' and its impactful changes. They cover a wide range of topics including deductions for tip income and overtime, new opportunities for charitable giving, farm sales, and critical strategies that retirees and business owners need to know. Tad, a seasoned CPA with extensive experience in agriculture tax planning and small business strategies, elaborates on bonus depreciation, section 179 expenses, senior deductions, the SALT deduction cap increases, and other significant tax savings opportunities. They also dive into specialized topics such as the MAGA Trump accounts for children's future savings, the extension of the QBI deduction, and expiring clean energy credits. This episode is packed with valuable insights aimed at ensuring taxpayers make the most out of the new bill.00:00 Introduction and Special Guest Introduction00:59 Overview of the New Tax Bill02:22 Tips and Overtime Income Deductions08:03 SALT Deduction Cap Increase11:18 Senior Deduction Bonus14:57 MAGA Trump Accounts and Child Tax Credit19:08 Benefits for Businesses20:09 Increased Section 179 Deduction20:39 Estate Tax Limits Update21:37 R&D Credit Expansion23:35 Farmland Tax Provisions26:10 Qualified Business Income Deduction27:25 Charitable Deductions for Non-Itemizers30:01 Car Loan Interest and Clean Energy Credits33:09 Real-World Tax Scenarios35:17 Final Thoughts and Key Takeaways8202997.1This podcast is for educational purposes only and may include references to concepts that have legal or tax implications. It is not to be construed as legal or tax advice. Such information is subject to change without notice and is not intended as an offer or solicitation with respect to any security, insurance product, or offer of individual investment advice. Strategies discussed may not be suitable for everyone.Mutual of Omaha Investor Services, Inc. does not provide tax or legal advice. Please consult with the appropriate professional regarding your personal situation prior to making any financial decisions. Securities and advisory services offered through Mutual of Omaha Investor Services, Inc. Member FINRA/SIPC.
The biggest tax reform in years has officially been signed into law and it brings sweeping changes that financial professionals can't afford to ignore.In this episode of The Life Matters Podcast by Penn Mutual, Bill Bell, VP of Advanced Sales, sits down with Jen Fox, VP of Government Affairs at Finseca, to break down what's in the Triple B Tax Bill (H.R. 1) and how it impacts your clients.Whether you're advising on estate planning, Qualified Business Income (QBI), State and Local Tax (SALT) deductions, or life insurance strategies, this episode is your roadmap to the new rules.In this episode, you'll learn:• Why H.R. 1 is a win for the life insurance profession• Key tax changes every financial professional must understand• How estate tax exemptions, QBI, and SALT rules are evolving• What might be coming next in a second reconciliation billKeep your strategies sharp. Tune in to explore key insights that can help you navigate what's next. Have a question or comment for Bill? Drop him an email at: LifeMatters@PennMutual.com Follow UsTwitter @pennmutualFacebook @PennMutualInstagram @pennmutualLinkedIn @Penn MutualPresented by Penn Mutualwww.PennMutual.comThis podcast is for informational purposes. Guests' views, comments, and opinions on products, services, or strategies do not necessarily represent the views of or imply endorsement by The Penn Mutual Life Insurance Company or its affiliates. Product availability, benefits and provisions vary by state.8191212NS_JUL27
When I first heard about the “One Big Beautiful Bill,” I knew we had to break it down for the MakingChips audience. This isn't just another tax update—it's a massive, 900-page piece of legislation with real implications for manufacturers like us. Whether you're thinking about buying equipment, expanding your facility, hiring more people, or selling your business down the road, the OBBB touches nearly every part of the decision-making process. That's why I called up my friends at CLA—Susan Roberts and Steve Combs—two tax pros who spend every day helping manufacturers figure out what's changing, what's staying the same, and what you need to do now. In this episode, we sort through what's “informational” and what's “actionable”—so you can stop guessing and start planning. We talk about everything from the return of 100% bonus depreciation, to how you can now expense R&D costs again (finally), to smart moves around entity selection and estate planning. There's even a little salt cap drama in there. If you want to get ahead before year-end—or avoid getting caught off guard—this episode's for you. Let's get into it and talk about how this “big, beautiful” bill can work for you… not against you. Segments (0:18) Grow your top and bottom-line with CLA (1:33) Learn more about Susan Roberts and Steve Combs (4:05) What's “informational” vs. “actionable” in the bill (7:42) Bonus depreciation is back—100% write-offs retroactive to Jan 19, 2025 (10:01) How cost segregation studies unlock more depreciation for recent building purchases (12:20) Why you shouldn't buy machines just for the deduction (13:45) QBI deduction (20%) made permanent (and what that means) (17:48) Entity selection: Is it time to consider a C Corp? (19:30) R&D can now be fully expensed—unlocking credits, cash flow, and retroactive deductions for everyday shop work (27:37) Why you should listen to Buy the Numbers (30:17) Interest expense deductions get easier for manufacturers in 2025 (32:00) Limitations on capitalizing interest into inventory coming in 2026 (33:21) Individual tax deductions: SALT cap increased from $10K to $40K (with phaseout) (38:02) Why PTET (pass-through entity tax) strategies still matter (40:39) Advanced manufacturing credit for semiconductors increased from 20% to 35% (42:09) Clarifying that buying tax credits is still an option for large C Corps (46:55) Estate exemption increased to $15M and indexed for inflation (48:02) Opportunity Zone deferral extended—now with rolling 10-year plan (50:10) Low-hanging fruit for 2025: R&D recapture, bonus depreciation, cost seg studies (53:40) The risk of unintended consequences without a tax advisor (55:01) Final verdict: Is the One Big Beautiful Bill actually beautiful for manufacturing? (1:01:16) Don't get burned by recruiters who don't understand manufacturing Resources mentioned on this episode CLA's Website Susan Roberts - Susan.Roberts@CLAConnect.com Steve Combs - Steve.Combs@CLAConnect.com Tax Cuts and Jobs Act Manufacturing Grants Made Simple Hire MFG Leaders Connect With MakingChips www.MakingChips.com On Facebook On LinkedIn On Instagram On Twitter On YouTube
In this week's episode of the Tax Smart REI Podcast, Thomas Castelli and Nathan Sosa break down everything real estate investors and business owners need to know about the now-official “Big Beautiful Bill”, the sweeping tax package that just became law. Key topics covered: - 100% bonus depreciation is back and permanent: who qualifies and when it starts - QBI updates: simplified rules, new thresholds, and small business wins - SALT cap expansion (finally!) and what the five-year phase-in means for planning - Section 179 expensing: higher limits and how it benefits STRs and commercial assets - Qualified Opportunity Zones get renewed: what's changing in 2027 - And more! Plus, we highlight the planning window left in 2025, how to take action before year-end, and why this bill sets the stage for strategic investing and long-term tax savings. To become a client, request a consultation from Hall CPA, PLLC at go.therealestatecpa.com/3KSEev6 Subscribe to REI Daily & Enter to Win a FREE Strategy Call: go.therealestatecpa.com/41JuQBX The Tax Smart Real Estate Investors podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.
PFR Nation,It's official, the One Big Beautiful Bill Act (OBBBA) was signed into law on July 4th, 2025, making significant impacts on tax rates, deductions, and various credits. This by no means is a summary of ALL the changes from OBBBA, but I attempted to summarize what I believed was most relevant to our listeners and clients (folks nearing or in retirement, saved over $1million, excluding primary residence, mostly in tax-deferred vehicles). In addition to the key tax changes, I'll also break down 3 client examples and how OBBBA impacted their taxes in 2025. Finally, I will discuss 7 planning opportunities to consider. I hope you find it helpful.If you are interested in learning more about working with our firm, you can visit our website or fill out the Retirement Readiness Questionnaire below. -Kevin Takeaways:The OBBBA has made current tax rates permanent, preventing increases in 2026.Standard deductions have been slightly increased and made permanent.Bonus deductions for taxpayers over 65.Social security income remains taxable, despite misconceptions about tax-free status.Child tax credits have been permanently increased to $2,200 per child.Business owners benefited with QBI deduction and 100% bonus depreciation.The SALT deduction cap has been raised to $40,000, benefiting high-tax state residents.Service workers can now deduct tips up to $25,000, making their income more tax-efficient.The estate and gift tax exemptions have been permanently increased to $15 million for individuals and $30 million for couples.The AMT exemption has been extended, but phase-out rules have reverted to previous levels.Planning opportunities exist for those over 65 to maximize deductions and manage tax liabilities.Are you interested in working with me 1 on 1? Click this link to fill out our Retirement Readiness QuestionnaireOr, visit my websiteConnect with me here:YouTubeJoin My Company NewsletterThis is for general education purposes only and should not be considered as tax, legal or investment advice.
The Big Beautiful Bill is now law, and it's reshaping real estate from the ground up. In this deep-dive episode, Zina and Crosby break down the core tax reforms shaping the industry's future: from a permanent QBI deduction boost to a quadrupled SALT cap, to expanded opportunity zones. Whether you're guiding first-time buyers or handling due diligence on complex industrial projects, this episode gives you the talking points, tax angles, and compliance insights you need to lead in this next era of real estate. What you'll learn from this episode How new permanent tax cuts boost housing affordability and buying power Why the QBI deduction bump to 23% is a game changer for real estate pros The long-term impact of preserving 1031 exchanges and mortgage interest deductions What enhanced SALT caps and LIHTC provisions mean for homeowners and developers How title professionals should adapt due diligence, valuations, and foreign investment compliance Resources mentioned in this episode National Association of REALTORS® Connect With UsLove what you're hearing? Don't miss an episode! Follow us on our social media channels and stay connected. Explore more on our website: www.alltechnational.com/podcast Stay updated with our newsletter: www.mochoumil.com Follow Mo on LinkedIn: Mo Choumil Stop waiting on underwriter emails or callbacks—TitleGPT.ai gives you instant, reliable answers to your title questions. Whether it's underwriting, compliance, or tricky closings, the information you need is just a click away. No more delays—work smarter, close faster. Try it now at www.TitleGPT.ai. Closing more deals starts with more appointments. At Alltech National Title, our inside sales team works behind the scenes to fill your pipeline, so you can focus on building relationships and closing business. No more cold calling—just real opportunities. Get started at AlltechNationalTitle.com. Extra hands without extra overhead—that's Safi Virtual. Our trained virtual assistants specialize in the title industry, handling admin work, client communication, and data entry so you can stay focused on closing deals. Scale smarter and work faster at SafiVirtual.com.
For most Americans, the Big Beautiful Bill is destructionist legislation. But, I started to to look at it like any small business owner, entrepreneur should. There is a silver lining for creators. Congress has just passed one of the biggest tax packages in recent history, billions in adjustments. And there are four key areas that are critically important for content creators. 20% Qualified Business Income Deduction (QBI) No Tax on Tips (up to $25,000) No Tax on Overtime (within limits) 100% Bonus Depreciation This bill is a giant flashing neon sign that says: “We reward people who own things.” ------- Like this episode? SUBSCRIBE on Apple, Spotify or Google. See all Content Inc episodes at the Content Inc. podcast home. Get my personal newsletter today and receive my free goal-setting guide today.
In this episode of 20/20 Money, I break down some of the most impactful tax and planning changes introduced in the recently passed Big Beautiful Bill Act—Congress's sweeping update to the tax code that makes many TCJA provisions permanent while adding new wrinkles that matter to private practice owners. Whether you're thinking about how to reduce your taxable income, maximize deductions, or just stay ahead of legislative changes that affect your financial life, this episode is designed to help you take stock and plan strategically.
In this episode, I'm joined by tax expert Roger Ledbetter for an in-depth discussion on the recent tax bill. We explore the implications of the new legislation, comparing it to the Tax Cuts and Jobs Act (TCJA) and discuss its potential impact on both individuals and businesses.Key topics include:Overview of the new tax bill and its receptionChanges to individual tax rates and deductions, including the standard deduction and child tax creditThe implications of the bill for business owners, including QBI and bonus depreciationNew deductions for tips, overtime, and car loan interestInsights on Opportunity Zones and Qualified Small Business Stock (QSBS)----------✅ Financial planning for 30-50 year old entrepreneurs: https://www.allstreetwealth.com✅ My personal blog & newsletter: https://www.thomaskopelman.comDisclaimer: None of this should be seen as financial advice. It is just for informational purposes.
President Trump's newly signed "One Big Beautiful Bill Act" has made the 2017 Tax Cuts and Jobs Act provisions permanent, creating massive opportunities for real estate investors to reduce their tax burden and potentially save thousands of dollars on their 2025 returns. On this episode of On The Market, host Dave Meyer and CPA Brandon Hall break down the most significant tax code changes included in the new legislation. They'll touch on the permanent extension of 100% bonus depreciation, the increased SALT deduction cap and QBI deduction for pass-through entities. With housing prices remaining elevated and mortgage rates still impacting affordability, these permanent tax advantages could be the key to maintaining profitability and cash flow in today's changing real estate market. Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Find an Investor-Friendly Agent in Your Area Find Investor-Friendly Lenders Property Manager Finder Dave's BiggerPockets Profile Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-337 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Get your customized planning started by scheduling a no-cost discovery call: http://bit.ly/calltruewealth The One Big Beautiful Bill Act is over 800 pages long and packed with tax changes that impact retirees, individuals, and small business owners. From expanded standard deductions and new senior tax breaks to permanent small business deductions and the end of many green energy credits, this bill reshapes key parts of the tax code — at least for the next few years. In this episode, Tyler Emrick, CFA®, CFP®, breaks down what's actually in the bill and what it means for your planning. You'll learn: How the standard deduction and senior deduction are changing (and why it matters for Social Security taxation) The permanent extension of reduced tax rates from the 2017 tax law New above-the-line deductions for tips, overtime, and car loan interest Changes to SALT deductions and charitable contributions What small business owners need to know about the permanent QBI deduction and phaseouts Whether you're already retired or planning ahead for your business and family, this episode will help you understand the real implications — without having to read 800 pages of tax law yourself. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 20-minute call with one of True Wealth's CFP® Professionals: http://bit.ly/calltruewealth Watch the show now on YouTube: https://www.youtube.com/channel/UCjENBHOti-IEJFqeydZm_Fg?sub_confirmation=1
Send us a textTrump's Big Beautiful Bill just became law. What's actually in it? On July 4th, the biggest tax overhaul since 2017 was signed, and it's packed with big wins for business owners. 100% bonus depreciation, a permanent 20% QBI deduction, tax-free tips and overtime, and brand-new deductions most people haven't even heard of. Let's break down the Big Beautiful Bill line by line so you know exactly what's changing, what's temporary, and how to use it to slash your tax bill before the window closes.
In this episode, Dr. Preston Cherry explains how to take advantage of the new rules that could save you 20% on qualified income every year and unlock up to $10 million in tax-free gains when you sell or exit your business. From avoiding costly timing mistakes to structuring smart early, Dr. Cherry breaks down what it really means to build a tax-smart runway.Takeaways:• 20% income deduction• $10M+ capital gains = 0% tax• QBI = annual savings• QSBS = tax-free exit• Timing = everything00:00 Intro01:00 Tax Strategies Simplified04:51 Optimizing QBI and QSBS Strategies06:23 Empower Your Growth JourneyGet The Wealth Word — our free weekly newsletter on wealth and well-being: https://wealth.concurrentfp.com/thewealthwordExplore award-winning wealth advisory services: https://www.concurrentfp.com/Read Wealth In The Key of Life by Dr. Preston Cherry: https://drprestoncherry.com/book/Disclosure: Educational content only. Not financial advice. https://www.concurrentfp.com/disclosures/
In this episode, host Kevin Thompson, founder and CEO of 9i Capital Group, breaks down the newly signed "Big Beautiful Bill" (BBB). He highlights five major changes: a $6,000 senior deduction, restored bonus depreciation for capital investments, a higher $40,000 SALT cap, expanded QBI deduction eligibility for high earners, and a new tax exemption for overtime and tip income. Kevin explains how these provisions impact seniors, business owners, and high-income earners, while urging listeners to seek professional advice to navigate the bill's complexities and understand its long-term effects.Bonus Depreciation Returns (00:03:59)SALT Cap Raised to $40,000 (00:06:06)Qualified Business Income (QBI) Deduction Expansion (00:08:09)No Tax on Tips and Overtime (00:10:28)Recap and Closing Thoughts (00:13:37)Outro and Farewell (00:15:46)NEWSLETTER (WHAT NOW): https://substack.com/@9icapital?r=2eig6s&utm_campaign=profile&utm_medium=profile-page Follow Us: youtube: / @9icap Linkedin: / kevin-thompson-ricp%c2%ae-cfp%c2%ae-74964428 facebook: / mlb2cfp Buy MLB2CFP Here: https://www.amazon.com/MLB-CFP%C2%AE-90-Feet-Counting-ebook/dp/B0BLJPYNS4 Website: http://www.9icapitalgroup.com Hit the subscribe button to get new content notifications. Corrections: Editing by http://SwoleNerdProductions.com Disclosure: https://sites.google.com/view/9idisclosure/disclosure
In this episode, Matty A. breaks down the new “One Big Beautiful Bill”—recently passed Congress and on its way to being signed—focusing on the massive upside it offers for real estate investors. From the restoration of 100% bonus depreciation on CRE assets to higher SALT deductions, enhanced QBI benefits, and expanded Opportunity Zone/LITHTC incentives, this legislation delivers a once-in-a-generation tax overhaul that could reshape your strategy through 2029 and beyond.Legislative SnapshotThe One Big Beautiful Bill recently passed both the Senate and House, and awaits the President's signatureIt's a sweeping reconciliation package featuring permanent tax reductions, SALT limit increases, and expansions in affordable housing incentivesBig Benefits for CRE Investors100% Bonus Depreciation Restored: Full expensing on qualifying commercial real estate assets through 2029—a major boost for accelerated tax deductions on new property investmentsQualified Opportunity Zones & LIHTC Expanded: Enhanced incentives for investing in targeted redevelopment and affordable housing projectsSALT Cap Increased: Higher state and local tax deduction limits—especially beneficial to high-income, real estate-heavy investorsPermanent QBI Deduction Boost: Favorable treatment for income from qualified pass-through entities—up from 20% to 23%What This Means for InvestorsImmediate Yield on New Builds: 100% bonus depreciation means upfront deductions—enhancing cash flow from day one.Strategic Play in OZ & LIHTC Projects: Greater potential benefits from long-term deals in opportunity zones and affordable housing.Tax Efficiency Upgrades: Bigger deductions across state/local taxes and pass-through income.Clarity Through 2029: Investors now have a multi-year horizon to plan and maximize their tax strategiesAction StepsPlan for New Asset Acquisitions: Accelerate purchases before the window closes in 2029.Run Cost Segregation Studies: Maximize bonus depreciation for each property.Explore Opportunity Zone & LIHTC Deals: Reassess capital deployment into affordable housing and redevelopment zones.Optimize Entity Structures: Leverage higher QBI deductions and SALT benefits within pass-through entities.Consult Experts: Talk to your CPA or financial advisor to maximize these new provisions.Key TakeawayTrump's One Big Beautiful Bill delivers powerful incentives for CRE investors from full expensing and tax credits to structural tax benefits. If executed with planning and precision, these changes could save you hundreds of thousands, if not millions, over the next several years.Tune In & ActListen now to gain expert insight into using these legislative changes to your advantage. Then, take the next step—plan, consult, and deploy capital smarter than ever.Episode Sponsored By:Discover Financial Millionaire Mindcast Shop: Buy the Rich Life Planner and Get the Wealth-Building Bundle for FREE! Visit: https://shop.millionairemindcast.com/CRE MASTERMIND: Visit myfirst50k.com and submit your application to join!FREE CRE Crash Course: Text “FREE” to 844-447-1555
American Institute of CPAs - Personal Financial Planning (PFP)
The One Big Beautiful Bill Act is no longer a proposal, it's the law. That means CPA financial planners must shift gears fast. In this special crossover episode of the AICPA Personal Financial Planning Podcast and the AICPA Tax Odyssey Podcast, host Cary Sinnett is joined by nationally recognized experts Bob Keebler and Mark Gallegos to break down what the new law really means for your clients and your planning strategies. From the permanent TCJA tax brackets and QBI deduction to enhanced SALT caps, PTET elections, and new income exclusions for tips and overtime, this episode delivers high-level insights you can act on immediately. You'll also hear forward-looking guidance on Roth conversions, entity structure decisions, estate and gifting strategies, and what Medicaid reforms mean for clients with multigenerational care responsibilities. This is the must-listen briefing every CPA financial planner needs right now. Resources: 2025 Reconciliation charts Planning for tax changes and tax reform 2025 House tax bill This episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program. Subscribe to the PFP Podcast channel at Libsyn to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.
In this joint episode with the Personal Financial Planning (PFP) Section podcast, host Cary Sinnett, Senior Manager, Personal Financial Planning — AICPA & CIMA, further discusses the latest tax legislation with guests Mark Gallegos, CPA, MST, Partner — Porte Brown and Robert Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA. Hear insights on the recently passed tax legislation, implications for clients and important considerations for tax professionals now that the bill has been passed signed into law on July 4, 2025. What you'll learn from this episode: Discussion of what the permanent TCJA tax brackets and QBI deduction mean for tax planning Details on the new income exclusions for tips and overtime Topics important to discuss with clients, including Roth conversions, entity structure decisions, as well as estate and gifting strategies AICPA resources 2025 Reconciliation Charts: Key Tax Provisions and PFP Considerations — Tax and PFP downloadable charts provide clear, side-by-side comparisons of current tax law, the original H.R. 1 provisions and the Senate's reconciliation version — highlighting where they align or diverge — and outline the final legislation Planning after tax changes — CPAs need to not only brace for tax law changes but also be proactive in planning for them. Find more resources here to learn more about the latest updates. 2025 Tax Reform Advocacy — The AICPA tax advocacy library on current tax reform developments that Congress is considering in 2025. FAQs on Tax Reform via Budget Reconciliation — Tax reform FAQs that explain the budget reconciliation process, legislative timing, key issues and practical tips for CPAs. Tax Section news and member FAQ — Get the latest tax news, a digest of key tax topics and commonly asked questions about resources and benefits.
Send us a textTax planning extends far beyond basic strategies, with sophisticated approaches typically reserved for the ultra-wealthy that can create substantial tax savings and wealth-building opportunities for business owners and investors.• Qualified Opportunity Zone Funds offering multiple benefits including capital gain deferral, material participation opportunities, and tax reduction• Solar panel investments for business properties providing tax credits, depreciation benefits, and long-term energy cost savings• 1031 exchanges into oil and gas investments for passive income with continued tax advantages• Self-insurance strategies creating deductible business expenses while maintaining control of funds and building wealth• Strategic employment of spouses to optimize QBI deductions and increase Social Security benefits• Premium tax planning services delivering exceptional ROI through comprehensive strategy developmentFor those interested in learning more about these advanced tax reduction strategies, visit taxplanningchecklist.com or prosperalcpa.com/apply to see if these approaches could benefit your specific situation.
Questions? Thoughts? Send a Text to The Optometry Money Podcast!As a private optometry practice owner, one of the most essential yet misunderstood financial decisions is figuring out how much to pay yourself. In this episode, Evon Mendrin dives into seven critical factors to consider when setting your own compensation from your optometry practice—especially if you're taxed as an S Corporation. Whether you're just getting started or running a thriving, established practice, this episode will help you balance tax strategy, financial planning, and long-term wealth-building with clarity and confidence.You'll learn:How income draws differ based on how your practice is taxed (sole proprietor, partnership, or S-corp)Why paying yourself “too little” can backfire with the IRSHow your wage affects your Social Security benefits, QBI deduction, and retirement plan contributionsThe surprising ways your compensation impacts practice valuations and financial planningHow to align your income with your lifestyle and financial goalsResources Mentioned:Independent Strong Article: How to Pay Yourself – Key Factors for Setting Your Owner CompensationIRS Guidance on Reasonable Compensation for S CorpsRelated Episodes:The Optometry Money Podcast Ep 51: An Optometrist's Guide to the Qualified Business Income DeductionThe Optometry Money Podcast Ep. 49: An Optometrist's Guide to Business EntitiesStay Connected:Click here to Subscribe to the Eyes On The Money Newsletter for weekly financial insights tailored specifically to optometrists.Have Questions? CLICK HERE to schedule a short introductory callThe Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.
Send us a textAnd if you're not a client yet? Go to https://ProsperlCPA.com/apply for a personalized video plan from me.Or start with the free course: https://TaxPlanningChecklist.comTax legislation is undergoing significant changes that could reshape planning strategies for entrepreneurs, high-income earners, and real estate investors. These proposed changes would restore powerful tax benefits while creating new opportunities to legally reduce tax burdens through strategic planning and timing.• 100% bonus depreciation likely returning until 2029, creating massive write-off potential for real estate investors and business owners• QBI deduction potentially increasing from 20% to 23% and becoming permanent• Qualified Opportunity Zones getting revitalized with potential 30% basis step-up for rural investments• Standard deduction increasing by $1,000 for single filers and $2,000 for married couples• SALT cap potentially rising from $10,000 to $40,000 for earnings under $500,000• Social Security benefits potentially becoming tax-free, changing how we view FICA taxes• Possible elimination of federal taxes on tips and overtime pay, though with likely restrictions• Corporate tax rates potentially dropping to 20%, and to 15% for domestic manufacturersFor personalized tax planning guidance, visit prosperalcpa.com/apply or learn more through our free resources at taxfundingchecklist.com. Our new Prosperal Tax Navigator program makes professional tax planning more accessible - find details at prosperalcpa.com/tax-navigator.
In this episode, Tait Duryea and Ryan Gibson welcome CPA Thomas Castelli of Hall CPA to break down the latest tax developments affecting high-income earners. From the potential return of 100% bonus depreciation to how the real estate professional status works in practice, Tom shares key strategies to help you keep more of what you earn. Whether you're flying the line or growing your rental portfolio, this episode delivers practical advice for optimizing deductions, structuring entities, and deciding when to hire a pro vs. going DIY.Thomas Castelli is a CPA and partner at Hall CPA, specializing in strategic tax planning for real estate investors and business owners. With deep expertise in real estate professional status, bonus depreciation, and entity structuring, Tom helps high-income earners legally reduce their tax burden. In this episode, he brings timely insights on new legislation and actionable strategies tailored for pilots and investors.Show notes:(0:00) Intro(02:52) Why this tax bill matters(03:39) Return of 100% bonus depreciation(06:38) Key highlights from the 2017 tax act(10:32) Real estate professional status explained(15:07) MAGA accounts and standard deduction(19:51) Overtime and tip tax exemptions(21:51) QBI deduction and entity structuring(28:41) When to use a CPA vs TurboTax(38:01) OutroConnect with Hall CPA: https://bit.ly/HallCPA Hall CPA - Passive Income Pilots 1-1 Tax Strategy Call: https://calendly.com/tax-smart-rei-plus/pip — You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/ Join our growing community on Facebook: https://www.facebook.com/groups/passivepilotsCheck us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/Follow us on X @IncomePilots: https://twitter.com/IncomePilotsGet our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/Do you have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one!*Legal Disclaimer*The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.
In this week's episode of the Tax Smart REI Podcast, Thomas Castelli and Nathan Sosa break down what real estate investors need to know about the draft of the 2025 tax bill, dubbed the “One Big, Beautiful Bill”, including what's in it, what might change, and how to prepare for the opportunities it presents. Key topics covered: - The likely return of 100% bonus depreciation (and who qualifies) - SALT cap drama: why it could derail the bill - Changes to Qualified Opportunity Zones and what they mean for investors - Section 179 expensing increases for short-term rentals and asset-heavy businesses - QBI deduction bumps and simplified rules for service-based businesses - Full expensing for industrial facilities (and how it could spark a manufacturing boom) - “No tax on tips, overtime, or Social Security” — what made it in and what didn't Plus, we cover what provisions are being made permanent, what's being rolled back, and why now is the time to align with a tax advisor who knows how to play offense with the tax code. To become a client, request a consultation from Hall CPA, PLLC at go.therealestatecpa.com/3KSEev6 Subscribe to REI Daily & Enter to Win a FREE Strategy Call: go.therealestatecpa.com/41JuQBX Join the Tax Smart Insiders Community: go.therealestatecpa.com/3Xx1Cpd Check out Thomas's new YouTube channel: www.youtube.com/@thomascastelli The Tax Smart Real Estate Investors podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.
Thanks to our partner PromotiveIn this episode of Business by the Numbers, Hunt Demarest, CPA of Paar Melis and Associates, explores the details behind what former President Trump is calling the "largest tax cut in U.S. history." What's actually in the proposed bill? Will any of it pass Congress? And most importantly, what could it mean for auto repair shop owners and other small business operators?Hunt unpacks what we know so far, what's still uncertain, and how business owners can start thinking strategically. From potential expansions of the Child Tax Credit and QBI deduction to the controversial proposals of eliminating taxes on tips, overtime, and Social Security, this episode covers the key elements that matter most.Whether you're looking to stay informed or proactively plan for future changes, this episode offers a grounded look at what's on the table—and what's likely to be left off.Key Takeaways:What's included in the proposed 2025 tax cut and what's still up for debateThe current status of the Child Tax Credit, QBI deduction, bonus depreciation, and SALT deduction capPotential elimination of taxes on Social Security income—and whether that's realisticA breakdown of the proposed “Millionaire Tax” and its implications for high earnersWhy the talk of tax-free tips and overtime could create major planning opportunities for business ownersWhat shop owners need to watch for and how to prepare as legislative discussions continueThanks to our partner, PromotiveIt's time to hire a superstar for your business; what a grind you have in front of you. Introducing Promotive, a full-service staffing solution for your shop. Promotive has over 40 years of recruiting and automotive experience. If you need qualified technicians and service advisors and want to offload the heavy lifting, visit www.gopromotive.com.Paar Melis and Associates – Accountants Specializing in Automotive RepairVisit us Online: www.paarmelis.comEmail Hunt: podcast@paarmelis.comText Paar Melis @ 301-307-5413Download a Copy of My Books Here:Wrenches to Write-OffsYour Perfect Shop The Aftermarket Radio Network: https://aftermarketradionetwork.com/Remarkable Results Radio Podcast with Carm Capriotto https://remarkableresults.biz/Diagnosing the Aftermarket A to Z with Matt Fanslow
Thanks to our partner PromotiveIn this episode of Business by the Numbers, Hunt Demarest, CPA of Paar Melis and Associates, explores the details behind what former President Trump is calling the "largest tax cut in U.S. history." What's actually in the proposed bill? Will any of it pass Congress? And most importantly, what could it mean for auto repair shop owners and other small business operators?Hunt unpacks what we know so far, what's still uncertain, and how business owners can start thinking strategically. From potential expansions of the Child Tax Credit and QBI deduction to the controversial proposals of eliminating taxes on tips, overtime, and Social Security, this episode covers the key elements that matter most.Whether you're looking to stay informed or proactively plan for future changes, this episode offers a grounded look at what's on the table—and what's likely to be left off.Key Takeaways:What's included in the proposed 2025 tax cut and what's still up for debateThe current status of the Child Tax Credit, QBI deduction, bonus depreciation, and SALT deduction capPotential elimination of taxes on Social Security income—and whether that's realisticA breakdown of the proposed “Millionaire Tax” and its implications for high earnersWhy the talk of tax-free tips and overtime could create major planning opportunities for business ownersWhat shop owners need to watch for and how to prepare as legislative discussions continueThanks to our partner, PromotiveIt's time to hire a superstar for your business; what a grind you have in front of you. Introducing Promotive, a full-service staffing solution for your shop. Promotive has over 40 years of recruiting and automotive experience. If you need qualified technicians and service advisors and want to offload the heavy lifting, visit www.gopromotive.com.Paar Melis and Associates – Accountants Specializing in Automotive RepairVisit us Online: www.paarmelis.comEmail Hunt: podcast@paarmelis.comText Paar Melis @ 301-307-5413Download a Copy of My Books Here:Wrenches to Write-OffsYour Perfect Shop The Aftermarket Radio Network: https://aftermarketradionetwork.com/Remarkable Results Radio Podcast with Carm Capriotto https://remarkableresults.biz/Diagnosing the Aftermarket A to Z with Matt Fanslow
Jim and Chris are joined by Jake to discuss listener questions related to IRA contributions from self-employment income, special needs trusts, year-of-death Roth conversions, Cost Basis, and IRMAA. (9:00) George asks how QBI and self-employed health insurance deductions affect how much he can contribute to a traditional IRA.(20:00) Jim, Chris, and Jake respond to a […] The post IRA Contributions, Special Needs Trusts, Roth Conversions, and Cost Basis: Q&A #2518 appeared first on The Retirement and IRA Show.
Want to keep more money in the family? Hiring family members in your business can translate into some big tax savings — and set your kids up to get ahead with their own savings. Fresh off tax season, we explore the ins and outs of putting kids and spouses on the payroll, weighing the pros and cons, and sharing actionable tips for business owners looking to leverage this strategy. You'll also learn compliance essentials, common pitfalls, and the legal frameworks you need to keep in mind, whether you're running a dental practice, a family restaurant, or thinking about getting started as an entrepreneur. Key moments: (07:04) Practical tasks your child can do legitimately in your business (12:15) How hiring family can help you qualify for valuable QBI tax deductions (14:40) Choosing the right business structure impacts family employment tax advantages (22:06) Guidelines for staying compliant with federal child labor laws (34:50) Balancing your child's income to optimize college financial aid eligibility Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Amazon Music Leave an honest review on Apple Podcasts Subscribe to the newsletter Feeling helpless when it comes to your student loans? Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan Get profession-specific financial planning Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!
In this Q&A episode, Ryan and Thomas answer real estate investors' most pressing tax questions. From short-term rental loopholes to QBI deductions, they break down some of the most misunderstood topics in real estate tax strategy and provide practical, real-world guidance. They discuss: - STR Losses & NOLs - Travel Time & Material Participation - QBI Safe Harbor - STR Conversions Mid-Year - Bonus Depreciation Recapture - Home Improvement Records - The 14-Day Rule Explained Remember to submit your questions at contact@therealestatecpa.com or the Tax Smart Investors Facebook group. To become a client, request a consultation from Hall CPA, PLLC at go.therealestatecpa.com/3KSEev6 Subscribe to REI Daily & Enter to Win a FREE Strategy Call: go.therealestatecpa.com/41JuQBX Join the Tax Smart Insiders Community: go.therealestatecpa.com/3Xx1Cpd Check out Thomas's new YouTube channel: www.youtube.com/@thomascastelli The Tax Smart Real Estate Investors podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.
Welcome to this episode of 20/20 Money! In today's episode, we're diving into the details of your tax return—beyond just whether you got a refund. We'll break down the difference between deductions and credits, how our tax brackets work, why you should focus on Line 24—your total tax paid—instead of Lines 34 or 37, and what Line 38 might be telling you about penalties and interest. We'll also highlight common areas for errors, clarify how the QBI deduction applies depending on your income level, and walk through important forms like Form 8960 for NIIT cancelation, Form 8889 for HSAs, and the health insurance deduction. As a reminder, you can get all the information discussed in today's conversation by visiting our website at integratedpwm.com and clicking on the Learning Center. While there, be sure to subscribe to our monthly “planning life on purpose” newsletter that's filled with tips and ideas to help you plan your best life, on purpose. You can also set up a Triage conversation to learn a little bit more about how we serve in the capacity of a personal and professional CFO: helping OD practice owners around the country reduce their tax bill, proactively manage cash flow, and make prudent investment decisions both in and out of their practice to ultimately help them live their best life on purpose. Lastly, if you're interested in learning more about the 20/20 Money Financial Success Masterclass, a course & platform that we created to help ODs become “brilliant at the financial basics,” please check out the link in the show notes of this episode to learn more. Resources: 20/20 Money Membership Information OD Masterminds Information Request 20/20 Episode #332 - Difference between Saving & Deferring Taxes Planning for the QBI (199A) Deduction in your practice Review of Optometric Business 199A Article ————————————————————————————— Please rate and subscribe to 20/20 Money on these platforms Apple Podcasts Spotify ————————————————————————————— For past episodes of 20/20 Money with full companion show notes, please check out our episode archive here!
We have now hit 237 episodes of Tax Tuesday! Today, Anderson Advisors attorneys Toby Mathis, Esq., and Eliot Thomas, Esq., discuss topics including depreciation strategies, with detailed explanations of how bonus depreciation differs from cost segregation analysis. The conversation also covers real estate professional status requirements, home office deductions, and the strategic use of management C-corporations to maximize tax benefits. Other key topics included the limitations of 1031 exchanges for partnership interests, tax strategies for international property purchases, meal expense deductions under current tax law, and the benefits of a stepped-up basis for inherited properties. You'll hear practical strategies for leveraging existing properties rather than selling them and included insights on how to minimize tax exposure through various investment structures and borrowing strategies. Send your tax questions to taxtuesday@andersonadvisors.com. Highlights/Topics: In 2024, I spent most of my time managing rental properties under our LLC (not in a C or S management corp). I will claim real estate professional status for 2024 tax returns. What home office expenses can I deduct from rental income? Should we consider creating a management C corporation to maximize deductions? - You can deduct a portion of home expenses (mortgage interest, property taxes, utilities, etc.) based on either square footage or number of rooms method. Is 100% bonus depreciation available in 2025? Is this the same as cost seg? - Cost segregation breaks down property components into different depreciation schedules (5, 10, 15 years) while bonus depreciation allows immediate write-offs of qualifying components. If you meet 750 hours as a real estate investor and own both commercial/non-residential real estate property and residential rental property, could you use Schedule C or Schedule E on your tax return? - Generally, long-term rentals go on Schedule E regardless of real estate professional status. Schedule C might be used for short-term rentals (average stay less than 7 days) with significant personal services provided. Does selling a partnership interest in a hotel business qualify for a 1031 exchange? How can you save on taxes on capital gain when you sell your partnership interest? - A partnership interest generally doesn't qualify for 1031 exchange (though the partnership itself could exchange the building). If I inherit a property and now use the property as Airbnb, do I need to depreciate the value of the property? - You should depreciate the property because the IRS will assume you took depreciation when you sell and tax you accordingly (recapture). You'll get a stepped-up basis at inheritance value to depreciate from. Can you comment on food and meals? When can those be expensed and how much? - Business meals are generally 50% deductible. Company-wide events like holiday parties or open houses with unrestricted attendance can be 100% deductible. Entertainment expenses are no longer deductible. I'm a full-time employee receiving W2 income and own two rental properties which I manage myself. Can I use the qualified business deduction (QBI)? - Yes, you can potentially qualify for the QBI deduction. The safe harbor rule requires 250 hours of rental services, but you may still qualify even without meeting this specific threshold if you can prove it's a trade or business. How can I avoid capital gains if I sell my rental home in the U.S. to purchase a multi-family home in Costa Rica? - Options include: living in the property for 2 of the last 5 years to qualify for primary residence exclusion, leveraging the U.S. property instead of selling, harvesting capital losses to offset gains, or investing in tax-advantaged opportunities to create offsetting losses. I have two rental properties in SoCal owned since 2009 using straight-line depreciation. If I 1031 exchange these properties into replacement properties of slightly higher value, can I start depreciation over and do it correctly? If I 1031 these properties into replacement properties of slightly higher value, does that mean I can start depreciation all over and do it correctly? Getting more tax benefit. How does this affect my basis? What about any recapture when I then sell later? - In a 1031 exchange, you'll have carryover basis from the relinquished property. The basis in the new property will be its purchase price minus deferred gain. Instead of selling, consider leveraging existing properties to buy additional real estate for more depreciation opportunities. What are the benefits of the step-up basis evaluation for a person's residence and investment property? - When inherited, properties receive a stepped-up basis to fair market value at death, allowing heirs to depreciate from the higher amount and potentially eliminate capital gains tax on appreciation that occurred during the deceased's lifetime. Resources: Schedule Your FREE Consultation https://andersonadvisors.com/strategy-session/?utm_source=bonus-depreciation-in-2025&utm_medium=podcast Tax and Asset Protection Events https://andersonadvisors.com/real-estate-asset-protection-workshop-training/?utm_source=bonus-depreciation-in-2025&utm_medium=podcast Anderson Advisors https://andersonadvisors.com/ Toby Mathis YouTube https://www.youtube.com/@TobyMathis
In this episode of Becoming Work Optional, Matt and Rachael focus on the benefits and considerations of electing S-Corp status for business owners, particularly regarding self-employment tax savings. Key points included the importance of determining a reasonable salary, the implications of QBI deductions, and the necessity of maintaining clean financial records. They emphasize consulting with professionals to navigate the complexities of S-Corp elections and ensure compliance with tax laws.Key Points Discussed:S-Corp election can significantly reduce self-employment tax for profitable business owners.S-Corp is a tax status, not an entity type; requires LLC or corporation first.Electing S-Corp adds payroll and separate tax return requirements.Reasonable salary must be justified to avoid IRS penalties.QBI deduction and retirement contributions impact tax savings and salary decisions.Commingling personal and business funds can lead to legal issues.Some states may not favor S-Corp status; check local regulations.Professional guidance is essential for navigating S-Corp complexities and compliance.Join Rachael and Matt as they provide practical advice for navigating the complex world of personal finance, helping listeners make informed decisions to secure their financial future.RachaelX/Twitter - @camp_wealthrachaelcampwealth.comMattX/Twitter - @matthew_garasicunrivaledwm.comDisclaimer: This podcast provides general information and discussion about finance, investing, and related subjects. The content provided in this podcast is not intended as investment advice and should not be taken as such. Always seek the advice of a professional or conduct your own research before making financial decisions.Rachael Camp offers advisory Services are offered through Creative Financial Designs, Inc., a Registered Investment Adviser, and Securities are offered through cfd Investments, Inc., a Registered Broker/Dealer, Member FINRA & SIPC, 2704 S. Goyer Rd., Kokomo, IN 46902. 765-453-9600.Neither Camp Wealth or Unrivaled Wealth Management are affiliated with the CFD companies or each other.
Questions? Thoughts? Send a Text to The Optometry Money Podcast!In this episode, your host, Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, dives into the critical financial and tax updates optometrists need to know as we head into 2025. Whether you're an associate OD, a private practice owner, or planning to start your own practice, these updates are vital to helping you make informed financial decisions.What You'll Learn in This Episode:Retirement Account Contribution Limits for 2025:Updates for 401(k), SIMPLE IRA, HSA, and IRA contribution limits, and how to adjust your contributions accordingly.SECURE Act 2.0 Changes Now in Effect:Automatic enrollment requirements for newer 401(k) plans, new rules for long-term part-time employees, enhanced catch-up contributions, and more.Key Tax Updates for 2025:Changes to tax brackets, standard deductions, Qualified Business Income (QBI) phaseouts, and the Social Security wage base.Student Loan Repayment Tips:How the timing of your tax filing can impact income-driven repayment plans, especially if you're pursuing loan forgiveness.Inherited IRA RMDs:The return of required minimum distributions for inherited IRAs and what this means for beneficiaries in 2025.Things to Watch in 2025:Updates on Corporate Transparency Act reporting, SAVE plan court cases, and the potential sunset of the Tax Cuts and Jobs Act.Resources Mentioned:
Send us a textHow could the upcoming election shape the future tax landscape for LLCs, and what strategies can business owners consider now to stay ahead?In this episode, Mike Jesowshek explores how the upcoming 2024 presidential election could impact LLCs, particularly small business owners. He provides a non-partisan analysis of both the Harris and Trump campaign proposals regarding corporate tax rates, capital gains, and other tax policies. Highlighting potential implications for tax planning and compliance, Mike emphasizes the importance of understanding these policies and the flexibility required to adapt to changes that may or may not pass. This episode offers LLC owners insights into proactive strategies to minimize tax liabilities in light of potential policy shifts.[00:00 - 01:18] Corporate Tax Rate ProposalsMike Introduces the episode focus: exploring potential election impacts on LLCs.He clarifies a non-partisan approach, stating the episode's objective is to inform business owners, not take sides.Mike discusses Harris's proposal to increase the corporate tax rate to 28% versus Trump's proposal to lower it to 20% or 15% for U.S.-based production companies.[03:23 - 05:22] Harris Campaign on Real Estate and Trump's Tariff ProposalHarris proposes limiting depreciation and interest for large real estate investors and increasing startup cost deductions to $50,000.Evaluating these deductions' impact on real estate and startup expenses.Trump's campaign discusses imposing tariffs on imports, particularly 60% for imports from China.[05:22 - 08:48] Capital Gains and Investment TaxesHarris aims to raise the capital gains tax for incomes over $1 million and increase the net investment income tax.Planning for potential tax adjustments in high-income brackets.Harris proposes exempting tips from taxes; Trump proposes exempting overtime pay from taxation.[07:00 - 11:42] Personal Tax AdjustmentsHarris's campaign suggests expanding the child tax credit and health insurance credits; Trump aims to make prior tax cuts permanent.There are opportunities for individual tax savings depending on outcomes.Mike discusses expiring TCJA provisions, like the reduced highest tax rate, doubled standard deduction, and QBI deduction, set to end by 2025.[11:42 - 16:36] Planning Opportunities Regardless of OutcomeMike stresses tax planning adaptability regardless of the election outcome.Direct Quotes:"Policy changes can catch many businesses off guard, often leading to missed opportunities or unexpected challenges." - Mike Jesowshek, CPA"No matter what happens in this election, there's always room for tax planning." - Mike Jesowshek, CPA"While a candidate might say one thing, it doesn't necessarily mean it will actually come true." - Mike Jesowshek, CPA______Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings PodcastJoin TaxElm: https://taxelm.com/-------Podcast Website: https://www.TaxSavingsPodcast.comFacebook Group: https://www.facebook.com/groups/taxsavings/YouTube: www.TaxSavingsTV.com
I recently took a trip to Washington DC to fight for small businesses on Capitol Hill.On this podcast, I break down the 4 biggest tax issues that could dramatically impact your cash flow and ability to grow.These aren't just minor changes - they're issues that could cost small businesses $4 TRILLION if not addressed.Here's what you'll learn:The 20% QBI deduction expiration threatHow 100% bonus depreciation helped me grow from 6 to 33 locationsThe $24,100 per employee tax credit you might be missingThe "joint employer" rule that could destroy franchisingSend me a text3 ways I can help you make money through franchising: - Learn the basics from my weekly newsletter - Work directly with my team to buy your first franchise - Scale your franchise to 8-figures by joining my private community Find me on X / Twitter, LinkedIn, & YouTube
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