Podcasts about Taxable income

It's easy to get confused when it comes to figuring out what you need to report as income on your tax return.  Today, I'm going over some of the most common ways to receive money as an entrepreneur and talking about what actually counts as income in your business so you can be prepared for your taxes.  Join me in this episode to learn more about determining your total income and how you can make sure you report it correctly to the IRS.   Also mentioned in this episode: 00:00 Understanding Tax Obligations for Self-Employed Individuals 10:36 What Counts as Income: Key Definitions and Examples 16:39 Clarifying Non-Taxable Income: Gifts, Loans, and More If you enjoyed this episode, please rate, review and share it! Every review makes a difference by telling Apple or Spotify to show the Sunlight Tax podcast to new audiences.   Links: Link to pre-order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You're Self-Employed. Get your free visual guide to tax deductions Check out my program, Money Bootcamp

What are the pros and cons if Chip uses the money in his taxable brokerage account for early retirement income? Jack and Sally ask Joe and Big Al to spitball on whether they can retire around age 55 or 60, and whether they should max out their Roth or convert to Roth, today on Your Money, Your Wealth® podcast 527 with Joe Anderson, CFP®, and Big Al Clopine, CPA. Plus, April and Andy ask the fellas to spitball on their dividend investing strategy, and Don wonders if a separately managed account (SMA) makes sense for his taxable account. (We'll also find out what an SMA is.) Free financial resources & episode transcript: https://bit.ly/ymyw-527 CALCULATE your free Financial Blueprint DOWNLOAD The Withdrawal Strategy Guide for free DOWNLOAD 10 Steps to Improve Investing Success for free WATCH Your 11-Step Path to Financial Freedom on YMYW TV ASK Joe & Big Al for your Retirement Spitball Analysis SCHEDULE your Free Financial Assessment SUBSCRIBE to YMYW on YouTube DOWNLOAD more free guides READ financial blogs WATCH educational videos SUBSCRIBE to the YMYW Newsletter Timestamps: 00:00 - Intro: This Week on the YMYW Podcast 00:52 - Pros and Cons of Using a Taxable Brokerage Account for Early Retirement Income? (Chip Skylark, Dimsdale) 13:24 - Watch Your 11-Step Path to Financial Freedom on YMYW TV, Calculate Your Free Financial Blueprint 14:27 - Is My Dividend Investing Strategy Missing Anything? (Andy & April, Knoxville, TN) 25:02 - Can I Retire Between Ages 55-60? Should I Max Out Roth Contributions, or Convert to Roth? (Jack & Sally, NC) 31:18 - Download the Withdrawal Strategy Guide and 10 Steps to Improve Investing Success for Free 32:03 - Does a Separately Managed Account (SMA) Make Sense for My Taxable Account? (Don, IA) 40:46 - Next Week on the YMYW Podcast

Cost segregation can save you a lot of money on your investment properties through taxes. Today's guest is an expert on this topic and shares what you need to know about cost segregation. On today's episode of Zen and the Art of Real Estate Investing, Jonathan interviews Erik Oliver, Vice President of National Accounts at Cost Segregation Authority. His company reclassifies assets, which then allows you to accelerate the depreciation. Using this strategy could save you a ton of money on taxes. Jonathan and Erik explore cost segregation and who it benefits. You'll hear Erik's example of cost segregation for an office building, the importance of hiring an accountant specializing in this concept and real estate, and the audit considerations when you decide to do cost segregation. You'll hear what Erik believes is the “must do” asset class for cost seg, the value of setting up a team to help mitigate your tax burden, and what Erik learned from his first disastrous rental property. Finally, Erik explains his involvement with micro apartments and opportunity zones as an answer to the affordable housing problem and the importance of cost segs in syndication investments. Taxes can take a big bite out of your investment income, and cost segregation can make a big difference in your returns. Don't miss Erik Oliver's expertise in making the most of cost segregation. In this episode, you will hear: What cost segregation is, and who needs it Erik Oliver's example of cost segregation for an office building The importance of hiring an accountant who understands the concept of cost segregation and real estate Why cost segregation is way deeper than just the “stuff” Audit considerations when performing cost segregation The “must do” asset class for cost seg Setting up a team that can help you mitigate your tax burden Applying cost seg across multiple properties or in a house hacking scenario Erik's first rental property, why it was a disaster, and what he learned from it Micro apartments and opportunity zones as an answer to the affordable housing problem The importance of cost segs in syndication investments Follow and Review: We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at https://zenandtheartofrealestateinvesting.com/podcast/220/ to download it. Supporting Resources: Cost Segregation Authority - www.costsegauthority.com CSA Partners on LinkedIn - www.linkedin.com/company/csapartners Website - www.streamlined.properties YouTube - www.youtube.com/c/JonathanGreeneRE/videos Instagram - www.instagram.com/trustgreene Instagram - www.instagram.com/streamlinedproperties TikTok - www.tiktok.com/@trustgreene Zillow - www.zillow.com/profile/StreamlinedReal Bigger Pockets - www.biggerpockets.com/users/TrustGreene Facebook - www.facebook.com/streamlinedproperties Email - info@streamlined.properties Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.

Japanese Prime Minister Shigeru Ishiba on Sunday stressed the importance of finding alternative financial resources for a proposed hike in the minimum annual taxable income from the current 1.03 million yen.

Laura answers a listener's question about paying tax on an inheritance and managing it wisely.Money Girl is hosted by Laura Adams. A transcript is available at Simplecast.Have a money question? Send an email to money@quickanddirtytips.com or leave a voicemail at 302-365-0308.Find Money Girl on Facebook and Twitter, or subscribe to the newsletter for more personal finance tips.Money Girl is a part of Quick and Dirty Tips.Links:https://www.quickanddirtytips.com/https://www.quickanddirtytips.com/money-girl-newsletterhttps://www.facebook.com/MoneyGirlQDThttps://twitter.com/LauraAdamshttps://lauradadams.com/

Barbara Schreihans is the Founder and CEO of Your Tax Coach, the Creator of the Write Off Your Life™ Course, and voice behind the Life-Changing Money podcast. She's a kickass tax strategist, business coach, and all-around master when it comes to wealth and finances. Barbara aids business owners and high net-worth individuals in saving tens of millions of dollars in taxes while also growing their profits. When she's not leading her team, coaching clients or dreaming up new goals for her company, you can find her drinking coffee, hanging out with her family and traveling the world. Memorable Moments“The Internal Revenue Code may as well have been written specifically for business owners, therefore, you have the best opportunity to save money on taxes.”“What are you already spending money on that we can turn into a business expense? Any opportunity to network, market, or create content leverages your ability to 'write off your life'.” “As of 2024, you can pay your own kids $14,600 free of federal tax. This business expense lowers your profit and allows you to save tax money.”   Connect with BarbaraInstagram: @yourtaxcoachFacebook: @yourtaxcoach TikTok: @your.tax.coachWebsite - https://yourtaxcoach.com/ Connect with AllisonInterested in working together? Fill out this form.www.instagram.com/allisonwalshwww.shebelievedbook.comwww.allisonwalshconsulting.comhttps://www.facebook.com/groups/shebelievedshecouldcommunityPRIVATE PODCAST FOR HIGH-ACHIEVING MOMS - www.allisonwalshconsulting.com/privatepodcast

On this episode of A Wiser Retirement® Podcast, Casey Smith and Shawna Theriault, CFP®, CPA, CDFA®, explore strategies for reducing taxable income, such as deferred compensation plans, retirement contributions, and tax-loss harvesting. They highlight the importance of understanding the tax implications of various investments and caution against risky practices like creative accounting or intentional losses.Podcast Episodes Referenced:- Ep 229: How do I avoid capital gains tax?  YouTube Videos Referenced:- Can a donor-advised fund reduce taxable income?- How to Reduce Taxable Income as a Business Owner?Learn More:- Wiser Wealth Management- Schedule a Complimentary Consultation: Discover how our services can help you achieve financial success.- Access Our Free Guides: Gain valuable insights on topics such as why most financial plans fail, how to leave a financial legacy, post-divorce financial planning, and more!Stay Connected: - Social Media: Facebook | Instagram | LinkedIn | Twitter- Connect with Casey Smith on Twitter- A Wiser Retirement® YouTube Channel- A Wiser Retirement® Podcast- Wiser Wealth Blog This podcast was produced by Wiser Wealth Management. Thanks for listening!

In this episode, Ryan Burklo discusses the distribution of tax status as a factor that impacts financial success. He emphasizes the importance of understanding how your assets will be taxed when you retire and how that affects the net income you receive. He explains the concept using a sample client's financial balance sheet and discusses the different types of taxable and tax-free income. The goal is to have a balanced pie chart with a mix of partially taxable, fully taxable, and non-taxable income. Ryan encourages listeners to think with the end in mind and seek guidance from advisors who can help with long-term tax planning. To learn more about Quantified Financial Partners, please visit our website ww.beerandmoney.net Takeaways Understanding how your assets will be taxed when you retire is crucial for maximizing your net income. A balanced pie chart with a mix of partially taxable, fully taxable, and non-taxable income is ideal. CPAs are helpful for managing taxes in the present, but it's important to work with advisors who can also help with long-term tax planning. Thinking with the end in mind and considering the tax implications of your financial decisions can lead to a more stress-free and financially secure life. Chapters 00:00 Introduction and Recap of Previous Episodes 02:01 Understanding the Sample Client's Financial Balance Sheet 06:30 Considering Lifestyle and Income in Retirement 09:12 Desired Balance in the Pie Chart 10:29 The Role of Advisors in Long-Term Tax Planning 11:43 Conclusion and Call to Action  

This episode is next in the podcast series, #AskPattiBrennan - a series of episodes in which Patti answers one of her listener's frequently asked questions.  These podcasts are shorter in length and address one FAQ or RAQ (a rarely asked but should be asked) question. In this episode, Patti discusses when and where to take RMD's.  From unknown IRA rules to updated laws, it is not uncommon for people to be very confused on this subject matter.  Patti talks about the dos and don'ts she has discovered over the years. 

It seems like every dollar you receive these days is taxable income. And with our country's sky rocketing debt, chances are tax rates will be going up sometime in your future! That creates some real concerns! The good news is that the IRS doesn't tax everything! We'll disclose things the IRS doesn't currently tax.

Washington state saw a net loss of 18,798 taxpayers and their families between calendar years 2021 and 2022, according to Internal Revenue Service migration data released last week. https://www.clarkcountytoday.com/news/irs-data-washington-state-lost-18k-people-1-66b-in-taxable-income-in-2021 #TheCenterSquare #WashingtonState #NetLossOf18798Taxpayers #Families #CalendarYears2021And2022 #InternalRevenueService #MigrationData #TaxableIncome #WashingtonState #VancouverWa #ClarkCountyWa #ClarkCountyNews #ClarkCountyToday

The IRD has confirmed it plans to target cryptocurrency users who haven't declared it as taxable income. The department has identified 227,000 users in New Zealand who had made about 7 million transactions with a value of $7.8 billion in the last tax year. Dentons Kensington Swan tax expert Bruce Bernacchi suspects there's tens of millions of dollars to potentially examine. "We only have to look at how high some of the crypto asset prices have gone - you've got bitcoin currently trading at $58,000 (USD), four years ago it was $9,000. There's some people who are doing very well." LISTEN ABOVESee omnystudio.com/listener for privacy information.

Text us your financial questions!Chief Investment Officer Troy Harmon, CFA, CVA, is joined by Managing Associate K.C. Smith, CFP®, CEPA, and Senior Associate Logan Daniel, CFP®, CRPC®, to discuss a strategy for retirees that allows them to generate tax-free income from their Roth IRA. Read the Article: https://www.henssler.com/from-ira-to-roth-strategic-conversions-for-tax-efficient-retirement 

Welcome back to Passive Income Pilots! In this episode we delve into essential tax strategies tailored specifically for pilots. With the expertise of Toby Mathis from Anderson Advisors, we explore five key ways you can reduce your tax liability effectively. Toby brings his depth of tax knowledge directly to our pilot audience, discussing everything from maximizing deductions to strategic asset management. Additionally, we'll cover an intriguing opportunity for pilots interested in aircraft ownership—how purchasing an airplane can not only serve personal and professional needs but also offer significant tax advantages. If you're looking to navigate the complexities of taxes with ease and make informed decisions that could save you thousands, this episode is your must-listen guide.Timestamped Show Notes:(00:00) - Introduction to the episode with hosts Tait and Ryan.(01:29) - Introduction of the guest, Toby Mathis, and discussion on tax and legal workshops.(04:02) - Explanation of tax brackets and progressive tax systems.(05:13) - Discussion on aircraft ownership, benefits, and deductions related to taxes.(10:24) - Detailed analysis of leasing aircraft and tax implications.(17:15) - Strategies for pilots to utilize aircraft ownership for tax advantages.(23:46) - Overview of various tax reduction strategies and charitable giving.(28:36) - Introduction to tax and legal workshops offered by Toby's firm.(32:02) - Five top tax tips for pilots including HSA benefits.(44:58) - Discussion on solo 401k benefits and other tax-deferred accounts.(53:15) - Conclusion and thanks to guest Toby Mathis.Resources Mentioned:Tax & Asset Protection WorkshopDallas Conference June 27-29Remember to subscribe for more insights at PassiveIncomePilots.com!Join our growing community on FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one!Legal DisclaimerThe 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. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing.

Tuesday, May 7, 2024 Welcome to the first hour of the POV Radio Talk Show. Dr. Merrill (Buddy) Matthews is our guest host and he's going to have a super, busy show! Buddy's first guest is Dan Pilla who will speak about how Biden's reelection could affect your taxes. Connect with us on Facebook at […]

On today's Tax Tuesday episode of the Anderson Business Advisors podcast, Eliot Thomas, Esq., is joined by Anderson CPA Barley Bowler. Barley and Eliot will cover some listener questions including strategies around deducting startup costs and choosing a business structure for loan eligibility, tax breaks like depreciation and claiming real estate professional status, paying taxes as a contractor on 1099 NEC forms, and when capital loss carryover deductions can be taken. Submit your tax question to taxtuesday@andersonadvisors. Highlights/Topics: "I joined Anderson and Infinity Investing in 2023, I established my first real estate investment, C-corporation, in December of 2023 for an official 2024 start date. What, if any expenses, membership, fees, et cetera, do I submit for 2023? ”We started to form the company in 2023. Do I hold out to list everything including the courses, business cards, opening expenses after the fact, or do I add these expenses to 2024?" - After the date of incorporation, everything's expensed as usual. “Pre-incorporation or pre-startup” costs are allowed to be deducted as long as they don't exceed $50,000 "I've heard we want a pass through real estate holding company that produces a K-1." That'd be a partnership. To enable easier lending on properties in the future. We talk about lendability. How do we get the most favorable lending criteria? Of course, it comes down to the bank, but we're certainly going to be covering that as well about bonus depreciation. We're trying to get a loan on a property. Depreciation is one of these expenses we have to pay attention to.” - in a partnership, as they mentioned here, You're allowed on the federal lending guidelines to have up to 70% of value. "We got cost seg and bonus depreciation to offset. Can it offset 1099 income and your social security income?" - If we're talking about a traditional long-term rental, we first need the real estate professional status, then material participation. "Hey, my tax is so high. What can I do? How can I reduce it?" - We potentially want to incorporate the business if the numbers are right, then we just look for all available deductions. "Why did I have to pay employment taxes when receiving a 1099 NEC?" "I knew I'd have to pay, but it wasn't taken out during the year. I don't have a business, so why do I have to pay taxes?" - an independent contractor form, 1099 NEC, is subject to ordinary income and employment taxes. "When selling an investment house like a rental property with some gains, what's the best way to protect our gain without sharing a good part of the check with the IRS?" - This is going to be your 1031 exchange, like-kind exchange. "Can capital loss carryovers be chosen when to use?" "Can we pick and choose when we do our losses?" - With capital losses, you can use them up to the amount of capital gains you had plus $3000 that will go against ordinary income. "Can I reduce my income tax from capital gains from selling stocks by using a loss in a real estate income or loss business? - If you have your real estate going on, some losses from there perhaps and expenses from that, there are some times where we can use that and times where we can't. I just created a business at the end of March." When is it a preferred time to contact a tax specialist and set up a meeting to ask questions, have things explained, and see if we were a good fit for this individual? - If you need some specific guidance or calculations, that's when we may push you to do a billable tax consult or tax planning. In the meantime, hop right into the Platinum knowledge room. Resources: Tax and Asset Protection Events https://andersonadvisors.com/real-estate-asset-protection-workshop-training/?utm_source=aba&utm_medium=podcast&utm_content=how-can-a-1099-contractor-reduce-taxable-income Anderson Advisors https://andersonadvisors.com/ Toby Mathis YouTube https://www.youtube.com/@TobyMathis Toby Mathis TikTok https://www.tiktok.com/@tobymathisesq Clint Coons YouTube https://www.youtube.com/@ClintCoons  

Looking for tax deduction?In this episode of The Business Ownership Podcast I interviewed Shauna A. Wekherlein. She is the Top 1% of Tax Strategists in the USA, specializing in Business Tax Strategy & Real Estate. She has 20+ years in tax field working specifically for Business Owners, Self-employed, and Investors to actively create custom strategies to maximize deductions and reduce their tax burdens to the legal minimum. With over 4700 tax plans written thus far, the Tax Goddess team has been able to help clients save over $1.12 Billion in taxes. Learn how to save on taxes. Check this out!Introduction to Tax Goddess Page: https://taxgoddess.com/growth-team/Shauna on LinkedIn: https://www.linkedin.com/in/taxgoddess/"The 6% Life: 7 Strategies That Successful Entrepreneurs Use to Reengineer Their Life to Consistently Pay Less Than 6% in Taxes" book on Amazon: https://www.amazon.com/Life-Strategies-Successful-Entrepreneurs-Consistently/dp/0996032916Book a call with Michelle: https://www.AwarenessStrategies.com/m30Join our Facebook group for business owners to get help or help other business owners! The Business Ownership Group - Secrets to Scaling: https://www.facebook.com/groups/businessownershipsecretstoscalingLooking to scale your business? Get free gifts here to help you on your way: https://www.awarenessstrategies.com/Digital Adoption Roadmap: https://www.awarenessstrategies.com/digital-adoption-roadmap/ 

In this one-minute moment, Dr. Friday explains the importance of below the line deductions in reducing your taxable income. These qualified deductions, such as standard deductions, charitable contributions, medical expenses, and mortgage interest, are subtracted from your adjusted gross income to determine your taxable income. Maximizing these deductions is crucial for saving tax dollars, as most individuals have limited options for reducing their taxes. Dr. Friday encourages listeners to seek help if needed to ensure they are making the most of their available deductions. Transcript: G’day, I’m Dr. Friday, president of Dr. Friday’s Tax and Financial Firm. To get more info, go to www.drfriday.com. This is a one minute moment. This is a one-minute moment. Below the line deductions, on the other hand, are qualified deductions that are subjected from your adjusted gross income to help determine your taxable income. So, for an example, that would be your standard deductions or your itemized, like charitable deductions, medical expense, mortgage interest. These can all help reduce your income. Very important, guys, we want to reduce as much as possible. Making sure that you’re maximizing those deductions is the only way you’re going to save tax dollars. Most of us don’t have a lot of other ways to reduce our taxes. So, if you need help, call me, 615-367-0819. You can catch the Dr. Friday Call-In Show live every Saturday afternoon from 2 to 3 right here on 99.7 WTN.

It's tax season and for small business owners, this time of year can feel a bit stressful. Whether it's your first year in business or you've been at this for a while, the thought of sorting through all your finances can seem overwhelming. But here's some good news: it doesn't have to be as hard as it looks.Coming from someone who's both a licensed CPA and a small business owner, I get it! And having been on both sides, I've learned a few things about keeping things smooth and stress-free during tax time. So in this episode, I'm excited to share some of those insights and strategies with you that can help keep your finances in tiptop shape.If you're ready to tackle tax season head-on and find ways to make it easier, you're in the right place!Disclaimer: This information is for general informational purposes only and is not intended to be a substitute for professional financial, accounting, or legal advice. Please always seek the guidance of a qualified professional with any questions you may have regarding your specific situation!Key takeaways:The importance of keeping your finances in order all yearChoosing the best way to keep track of your moneyThe basics: what you need to keep an eye on with your money coming in & going outEasy tips to cut down on the stress of tax seasonWhen it's time to call in a pro like a CPA, to help with your business taxesClearing up confusion about tax write-offs and what they really mean for your businessHow planning ahead can help save you from surprises at tax timeSimple advice to help you feel more confident about handling your small biz financesMy Bookkeeping Basics CourseThis simple and easy to follow course is designed specifically for small business owners like you. It provides all the foundational tools you need to get your bookkeeping in perfect shape for tax time, focusing on organization over complex accounting and tax rules. Click here for more info and get started!ResourcesDETAILED DIARY SHOW NOTESPatreon: Access exclusive content, start or supercharge your biz growth, and be part of an inspiring community of supportive entrepreneurs by becoming a Patreon member! Check out more details here. Follow @detaileddiarypodcast to stay up-to-date about everything related to the podcast!

If the IRS forgives your tax debt, is that considered TAXABLE INCOME under the tax code, thereby giving rise to MORE TAX LIABILITY? Do you really have to pay MORE taxes if the IRS settles your tax debt for less than you owe through an offer in compromise? In this episode, I answer these questions, showing you what the IRS says about this issue...and why!Do you have tax debt? Call us at 866-8000-TAX or fill out the form at https://choicetaxrelief.com/⬇️ Free E-Book:- 7 Secrets About Your Tax Debt the IRS Doesn't Want You to Know: https://choicetaxrelief.ac-page.com/s...

In this episode of 'Dr. Friday Tax Tips - One Minute Moment,' Dr. Friday, President of Dr. Friday's Tax and Financial firm, delves into the significance of below-the-line deductions in tax planning. She explains how deductions such as standard or itemized deductions, charitable contributions, medical expenses, and mortgage interest are subtracted from your adjusted gross income to arrive at your taxable income. Emphasizing the importance of maximizing these deductions, Dr. Friday highlights that for most taxpayers, leveraging these deductions is a primary strategy for reducing tax liabilities. She stresses that seeking professional advice is crucial in ensuring these deductions are optimized effectively. The episode ends with a reminder to tune into Dr. Friday's live call-in show every Saturday on 99.7 WTN for more tax insights. Transcript G'day, I'm Dr. Friday, President of Dr. Friday's Tax and Financial firm. To get more info, go to www.drfriday.com. This is a one-minute moment. Below the line deductions on the other hand are qualified deductions that are subjected from your adjusted gross income to help determine your taxable income so for an example that would be your standard deductions or your itemized like charitable deductions medical expense mortgage interest these can all help reduce your income very important guys we want to reduce as much as possible making sure that you're maximizing those deductions is the only way you're going to save tax dollars most of us don't have a lot of other ways to reduce our taxes so if you need help call me 615-367-0819. You can catch the Dr. Friday call-in show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

In this video, I discuss six key tax strategies that can help you maximize deductions and reduce your taxable income. I cover topics such as deductions, deferring income, understanding tax brackets, utilizing tax credits, choosing the right entity structure, and investing in opportunities that provide tax breaks. By implementing these strategies, you can potentially save a significant amount on your taxes. Make sure to download the wealth game basics course for more detailed information and examples. Thank you for listening to another episode of the Wealth Game Podcast. The goal is to get informal yet actionable advice directly to business owners and investors. The episodes are intended to be short and simple to allow busy professionals to get right to the point of growing their wealth and reducing their taxes. For topic suggestions, questions to cover, or collaboration requests please email admin@wealthgame.io. For additional information and links to all available platforms please visit our website at www.wealthgame.io

In this 2-minute episode Brian discusses income that is not subject to income tax. 

*The giveaway has now closed. There is a way to pay fewer taxes legally. In episode fourteen of Wealth Series 2.0, Ben Kinney, Bob Stewart, and Chad Hyams talk about tax incentives and how certain activities earn sizeable tax deductions.  In this episode, we cover the following: Taxes are your largest single expense [1:53]   Understanding how tax incentives work [5:14] Taxable income exercises [13:51]  Tax benefits of hiring your children [34:47] Tax benefits of owning real estate [38:45] Tax benefits of retirement accounts [40:18] Tax deduction strategies [40:51] Reducing taxable income exercises [42:07] Resources discussed in this episode: Enroll in Wealth Series 2.0: https://WinMakeGive.com/wealth/ to receive all the workbooks and have the resources emailed to you directly Download the workbook and resources for Episode 14 at https://winmakegive.com/wealth-part-14/ Win Make Give Facebook group: https://www.facebook.com/groups/WinMakeGive Connect with the hosts: Ben Kinney: https://www.BenKinney.com/ Bob Stewart: https://www.linkedin.com/in/activebob Chad Hyams: https://ChadHyams.com/ Book one of our co-hosts for your next event: https://WinMakeGive.com/speakers/ More ways to connect:  Sign up for our weekly newsletter: https://WinMakeGive.com/sign-up Explore the Win Make Give Podcast Network: https://WinMakeGive.com/ Listen to Win Make Give Season 3 on YouTube: bit.ly/3pPEdAx ------ Part of the Win Make Give Podcast Network

Find More Episodes on PCA Overdrive: https://www.pcaoverdrive.org/elite-business-advice PCA Overdrive is free for members. Not a member? Download the app on the Apple Store or Google Play and enjoy a 7 day free trial! Become a member: https://www.pcapainted.org/membership-resources/ Tax Strategy Series Part 2: Strategies to Lower Your Taxable Income In part 2 of our Tax Strategy Series we discuss both common and advanced tax strategies that you can look into and implement into your business these last 4 months of the year to LEGALLY lower your taxable income next Spring! Do you have questions about taxes, tax planning or what makes sense for you and your business? Schedule a free business analysis meeting with us at www.elitebusinessadvisors.com!

In part 2 of our Tax Strategy Series we discuss both common and advanced tax strategies that you can look into and implement into your business these last 4 months of the year to LEGALLY lower your taxable income next Spring!Do you have questions about taxes, tax planning or what makes sense for you and your business? Schedule a free business analysis meeting with us at www.elitebusinessadvisors.com!

In this episode, we dive deep into the intricacies of IRA taxation and demystify the often-confusing K-1 forms. Discover why K-1 forms can trigger taxable income in your IRA account, even when you haven't made any withdrawals. We'll explore how understanding K-1 forms in both non-qualified and IRA accounts is vital for your financial well-being. Learn the ins and outs of tax-deductible contributions to your IRA and how your income levels can impact your tax benefits. We'll demystify the pro rata rule, a crucial concept that ensures you correctly allocate pre-tax and post-tax dollars in your account. Did you know that your IRA can incur taxable income without a withdrawal? We'll explain how this happens and reveal the smart strategy of withdrawing tax-free if you've already paid your taxes. Explore Required Minimum Distributions (RMDs) and Qualified Charitable Distributions (QCDs), two powerful tools that can help you minimize taxes and optimize your retirement savings. Discover how QCDs allow individuals aged 70 ½ or older to make tax-efficient charitable contributions directly from their IRA accounts. This strategy not only benefits charities but can also lower your Medicare premiums and maximize your savings. But navigating the world of IRA taxes isn't a DIY task. We strongly recommend consulting with a CPA or tax professional for compliance and tailored advice. We'll also delve into the importance of designating beneficiaries for your IRA account and how this decision can yield significant tax benefits. Explore estate taxes and learn how leveraging the $12 million per spouse exemption can help you pass on your assets to beneficiaries without a hefty tax burden, particularly if your estate is under $24 million. Discover why leaving money to a charity in your will ensures they receive the full amount, and why financial advisors must stay up-to-date with current laws and rules to best serve their clients. Understanding how your investments and account setups impact your tax returns is crucial, and we'll equip you with the knowledge you need to navigate the complex world of IRA taxes confidently. Join us for this enlightening episode on tax-savvy retirement planning.

You've got questions and we've got answers! In this episode, we're tackling: What do I do if I've been in the FIRE movement, but don't have a plan? I inherited a large sum of money and am curious about taxes and what to do with it? I have a large net worth, but I'm not sure how that plays into retirement? What is the impact of inflation on my 401(k)? These are YOUR questions we're answering in this episode. And if you would like a question answered on the show, give us a call at 501.381.5228. 7 Steps to Financial Independence  Originally aired 8/2/2023

Whether you're a business owner or investor or even a side hustler, you probably often find yourself thinking about how you can increase your income.   But what about how you can reduce your taxes so that you get to keep more of the money you make?   You may think your CPA is taking care of everything, but wait till you hear about some of these creative and legal strategies our guests guide their clients through to help them save up to tens of thousands of dollars a year!    Melanie Sikma and Byron McBroom of One Stop Tax Strategists are here to reveal some of their shocking tax secrets you've probably never heard of. They cover how these things and more can help you save money on taxes:    Your kids Your home (and we're not talking about writing off your home office!) Even your vacation   Remember, these tips are all completely legal and legitimate when done correctly (make sure you ALWAYS do your due diligence before trying any tax strategies), so get ready to get the creative juices flowing for solutions that help save you money so you can live your vision!   Learn more about Melanie and Byron's tax saving strategies at OneStopTaxStratigists.com

Allow Amanda Han, CPA, to guide you into the intricate art of shaping your success in today's episode as she reveals the secrets to offsetting your income with advanced real estate tax strategies. Never be afraid of tax seasons and keep more of your hard-earned money by tuning in!Key Takeaways to Listen forReal estate tax-reduction strategies high-income earners need to know aboutHow to qualify as a Real Estate Professional for tax purposesBenefits of bonus depreciation investors should be aware ofCommon tax-related mistakes and how you can avoid themInsider tips for successful investments in 2024 real estateResources Mentioned in This EpisodeRich Dad Poor Dad by Robert T. Kiyosaki | Kindle and PaperbackGoogle CalendarThe Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matthew McFarland | Kindle and PaperbackFree Apartment Syndication Due Diligence Checklist for Passive Investor If you are interested in learning more about how to save on taxes, download Amanda's free tax savings toolkit on https://www.keystonecpa.com/.About Amanda Han, CPAAmanda Han is a CPA and tax strategist specializing in helping people use real estate to save massive amounts in taxes and keep their hard-earned money. Amanda is co-author of the highly rated book Tax Strategies for the Savvy Real Estate Investor. She has been featured in prominent publications, including the Forbes Finance Council, Money Magazine, Talks at Google, CNBC's Smart Money Talk Radio, and the BiggerPockets podcasts. Today, Amanda has helped thousands of investors nationwide to save on taxes with proactive tax planning.Connect with AmandaWebsite: Keystone CPAInstagram: @amanda_han_cpaFacebook: amanda_han_cpaTo Connect With UsPlease visit our website: www.bonavestcapital.com, and please click here, to leave a rating and review!SponsorsGrow Your Show, LLCThinking About Creating and Growing Your Own Podcast But Not Sure Where To Start?Visit GrowYourShow.com and Schedule a call with Adam A. Adams

Taxable and Non-Taxable Income Thank you for listening to another episode of Wealth Game podcast. The goal is to get informal yet actionable advice directly to business owners and investors. The episodes are intended to be short and simple to allow busy professionals to get right to the point of growing their wealth and reducing their taxes. For topic suggestions, questions to cover, or collaboration requests please email questions@wealthgamepodcast.com. For additional information and links to all available platforms please visit our website at www.wealthgamepodcast.com

It's easy to get confused when it comes to figuring out what you need to report as income on your tax return.    Today, I'm going over some of the most common ways to receive money as an entrepreneur and talking about what actually counts as income in your business so you can be prepared for your taxes.    Join me in this episode to learn more about determining your total income and how you can make sure you report it correctly to the IRS.   Also mentioned in today's episode:    How to know when something is income and when it's not 9:54 What is the function of the people you serve? 12:16 Should you itemize your tax return? 13:55   If you enjoyed this episode, please rate, review and share it!    Links:   Sign up for Money Bootcamp:   https://www.sunlighttax.com/moneybootcamp2023

In this episode, we bring you part 2 of Joe's interview with Tax Adviser, Brady Slack, wherein he shares valuable tax strategies, so that business owners can keep more of their earnings to spend, invest, and use however they see fit. Brady Slack is the owner of High County Finance, LLC, a full service tax and accounting firm. Brady's purpose is to be a resource that helps everyone experience wealth, all while paying the fewest taxes possible. Brady consults with hundreds of investors and entrepreneurs, helping them in implementing key strategies and processes to increase revenue, reduce expenses, and pay fewer taxes. Brady also advises other accounting professionals, real estate investing programs, investment platforms, syndications, and businesses across the United States on accounting and tax strategies, saving his clients millions of dollars each year. tax strategies for your business so that you can keep more of your earnings to spend, invest, and use however you see fit.

EPISODE 167: SPECIAL WEEKEND EDITION, COUNTDOWN WITH KEITH OLBERMANN A-Block (1:41) SPECIAL COMMENT: Associated Press reports that at least one of the reported 34 charges against Trump for falsifying business records is a FELONY offense. That not only lines up with previous reporting but when added to the CBS reporting that Alvin Bragg had obtained communications and documents not previously known to the public, it supports the theory that the Felony charge could involve TAX CHEATING. David Frum guesses "this case will turn out to be about Trump cheating on his taxes (again): allegedly creating false invoices so as to convert the payoff to Stormy Daniels into a LEGAL BILL to his lawyer - and then DEDUCTING the fake legal bill from his TAXABLE INCOME." There were way too many updates to NOT do a special weekend edition. On Social Media, Trump is in full-fledged panic: by dinner-time last night he had already exceeded 100 posts full of rage and Mark Levin clips and in one verging on the same kind of terroristic threats as a week ago: "HOW MUCH MORE ARE AMERICAN PATRIOTS EXPECTED TO TAKE?" The Secret Service has toured the courthouse at 60 Centre Street so Trump is scheduled to appear at 2:15 PM EDT next Tuesday. After saying "Democrats want Civil War" (six weeks after demanding a "national divorce") maybe Marjorie Barney Rubble will lead protests when she comes to New York Tuesday, but so far there's been nothing - for or against - in NYC. There was one guy in front of Trump Tower yesterday (and he was whispering). Trump and his various attorneys (and they need numbered ear-tags, like cows) will move to throw out the judge, and the charges, but they will not approach a plea deal. And District Attorney Bragg will not approach giving Trump's house chairman the documents and testimony they want: in fact he may have just warned them that they could be charged with interfering with his prosecution. There were developments in two Trump-adjacent cases Friday. The election fraudster Douglass Mackey (who conned a couple thousand Clinton voters to try to vote by TEXT in 2016) has been convicted. And Dominion's defamation suit against Fox will proceed and the judge will tell the jury NONE of what Fox said about Dominion was true. And two belly laughs. One, I'll save for the podcast itself. In the other: Eric-Fredo Trump on Thursday told Fox that Bragg is obsessed by his father even though shoplifting is so bad in New York that he went to CVS to get some Tylenol and found it behind plastic protection. On Friday he told NewsMax that he went to Duane Reade to get Advil and found it behind plastic protection. Time to get Eric some Motrin. B-Block (21:52) COULD TRUMP PASS A SANITY TEST, Part 1: An updated version of the 2016 Vanity Fair piece and video that forever linked me to the Oompa Loompa. C-Block (44:50) COULD TRUMP PASS A SANITY TEST, Part 2: The conclusion and the final score and guess what...he COULDN'T.See omnystudio.com/listener for privacy information.

Are you wanting to: Make More Money Grow Generational Wealth Replace your 9-5 Salary with passive cash flow within 6-12 months? If so - Click the Link below and let's chat for 15 minutes. I'll coach you for free:Apply For The Action Academy CommunityFor Frameworks, Freedom Tips, and Millionaire Financial Breakdowns:Join Our Weekly Newsletter Twitter @theactionpodIG @brianluebbenTiktok @brianluebben

In this episode, Tax Adviser, Brady Slack, shares valuable tax strategies for your business so that you can keep more of your earnings to spend, invest, and use however you see fit. Brady Slack is the owner of High County Finance, LLC, a full service tax and accounting firm. Brady's purpose is to be a resource that helps everyone experience wealth, all while paying the fewest taxes possible. Brady consults with hundreds of investors and entrepreneurs, helping them in implementing key strategies and processes to increase revenue, reduce expenses, and pay fewer taxes. Brady also advises other accounting professionals, real estate investing programs, investment platforms, syndications, and businesses across the United States on accounting and tax strategies, saving his clients millions of dollars each year.

The IRS announced that state stimulus checks for Covid-19 aren't going to be considered taxable income federally. The post State Stimulus Checks Aren't Taxable Income appeared first on The College Investor.

Shauna Wekerlien is known as the Tax Goddess for one big reason: she runs a company that last year alone saved business owners over $750 million in taxes. She is not your run of the mill CPA. She is a tax specialist and very few like her exist. Her entire job is reducing the taxable income for business owners. Working with a tax specialist like Shauna is a great way for real estate agents to identify how to keep more of the commission checks they've earned. She advises people to report all of their income and then use the legal tax structures that are available to keep as much of it as possible. What she has found is that very few business owners do this and they end up sending more money than they should to the IRS.  Join Shauna Wekherlien and Host Dan Lesniak as they discuss… ∙ Why real estate agents need to use tax specialists, not just CPAs. ∙ The importance of looking at your income and expenses as early in the year as possible. ∙ Why self-education about money and finances is so important.  ∙ Why you should report all of your income and then use the legal structures that are in place to help you keep as much of it as possible.  QUOTES TO SHARE

It's that time of the year where taxes become top of mind as people look through income over the past year to get their filing in order, but taxes need to be at the forefront of your financial planning throughout the year. The problem is tax planning isn't simple. It takes years of experience and education to have a thorough grasp on what you owe, especially as your income sources expand.  We want to spend some time discussing taxable income on this episode to help you get a better understanding of what you'll be responsible for in retirement. Taxes come in many different forms in retirement and it takes more than just a yearly check-up to stay on top of what you owe. Laura Stover, RFC® and Michael Wallin, CFP® will take you through the different types of income sources and talk through some of the tools and strategies we utilize with our clients. Planning is a key pillar of Redefining Wealth® and something we should be mindful of on an ongoing basis. That's why we have a CPA on the team that helps with discussions around tax harvesting, life insurance, capital gains, Roth conversions and more. By prioritizing tax planning throughout the year, you'll be in a much stronger position financially in retirement and avoid a huge surprise each April. Redefining Wealth® Custom Blueprint Income Plan: https://redefiningwealth.info/schedule/  Rate, Review and Subscribe to the Podcast: https://podcasts.apple.com/us/podcast/retirement-talk-podcast-with-laura-stover/id571347188  How to Connect: redefiningwealth.info  lswealthmanagement.com  Schedule a Review: https://redefiningwealth.info/schedule/  Timestamps (show notes): 5:48 – What is taxable income?  11:57 – How do you get more money in the tax-free bucket?  17:31 – Is it too late to make meaningful tax changes if you've already retired?  20:24 – How does the death of a spouse impact income and taxes?  24:37 – The tools we use for tax planning     

The Federal Reserve is still busy trying to figure out ways to prevent our economy from heading into a full-on recession. With their corrections, can we expect a soft landing or a hard one? Maybe no landing at all. Jeremiah and Nic help cut down some of the financial “noise” we are bombarded with on the daily. What's really important to pay attention to as a long-term investor? The inverted yield curve, artificial intelligence, and tax tips for 2022.   Hosts: Jeremiah Bates, Financial Advisor Nic Daniels BFA™, Financial Advisor     The Real Money Pros: https://www.therealmoneypros.com   Academy Mortgage: https://academymortgage.com   Lively (HSAs and FSAs) https://livelyme.com/pro   Tree City Advisors of Apollon: https://www.treecityadvisors.com

In this 2-minute episode Brian discusses income sources that are non-taxable

In this episode, you'll discover how Michelle Kimbro leverages bonus depreciation for investors through patented mobile carbon capture technology and why she doesn't want bonus depreciation to be phased out.  Find out more about this type of investment, what makes it so attractive, and the type of person this investment would help. If want to learn more, the best thing to do is to listen to the full episode here: https://www.youtube.com/watch?v=37mb0EgOR5U - Connect with Jim Oliver: Facebook: CreateTailwind & Jim Oliver Website: https://createtailwind.com/ YouTube: CreateTailwind LinkedIn: Jim Oliver Join the Community: https://community.createtailwind.com/ RSVP for the next community Q&A HERE: https://community.createtailwind.com/events

If you're trying to lower your taxable income, listen up. Nolan dives into a case study of a doctor and how he is preparing for the end of the year and how maybe you can implement a similar strategy. Want to see what Infinite Banking can look like for you? Click Here to schedule a call!

Handing your W2's and 1099's to your preparer might be the extent of your participation when it comes to income taxes. Having a general understanding of how taxes work can give you a new perspective on just how much of a share is owed to Uncle Sam. Join Matt Robison and I this week as we discuss the basics of taxes. Get a crash course on: Income: Wages (W2 or other), interest income capital gains and qualified dividends  Adjusted Gross Income (AGI): Wages - above-the-line deductions What are above-the-line deductions?: Contributions from HSA, contributions to traditional IRA, student loan interest (unless your income is too high), self-Employment costs (such as health insurance, retirement plan contributions, 50% of self-employment taxes), alimony, and certain education expenses  3. Taxable Income = AGI - standard or itemized deductions Standard deduction ($12,950 Single, $25,900 Married, Filing Jointly (MFJ) Itemized Deductions: State, Local, Other Taxes Mortgage and Investment Interest Expense Charitable Giving Medical Expenses (above a limit) More…. 4. Total Tax = Taxes on Taxable Income Taxes: Income tax, capital gains tax, AMT, NIIT, Medicare Surcharge, etc 5. Payment or Refund: Total Tax - Credits - Taxes Paid Credits: Child Care Credit, Dependent Care Credit, Lifetime Learning Credit, etc Taxes Paid: From your paycheck or estimated tax payments Well, that's as simple as I can make it in just 5 steps! AGI (step 2) is very important because that number gives you your tax bracket. But did you know that we have marginal tax brackets?  If you're like a lot of people, you probably think marginal means that if you are MFJ and your AGI is $150,000, https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2022 (you owe 22% in Federal Income Taxes), ($33,000) right? WRONG!  The “marginal” means that for the first $20,550, you owe 10% in taxes. [$2,055] You then owe 12% on the next $63,000 (the next tax bracket) [$7,560] Then, 22% on the next $66,450 (the bracket you are in) [$14,619] That's a total of: $2,055+$7,560+$14,619 = $24,234. Not $30,000 ! It means a difference of almost $6,000 in your favor So now you have your tax bill. Using the same example as above, you owe $24,234 in federal taxes. This is your total tax. Now come the credits (hopefully!). Credits differ from deductions in one major way, they are dollar for dollar. Deductions reduce your total tax bill by reducing your Taxable Income. Credits, on the other hand, come straight off your total tax bill. Some credits include the Child Tax Credit, Child & Dependent Care Credit, or the Lifetime Learning or American Opportunity Credit. Obviously credits are the way to go! Once you've deducted your credits, you then subtract any payments you've already made (withholdings or direct payments) and this will determine what you owe or are owed in the form of a refund.  Learn more about Mike and my services athttps://www.mortonfinancialadvice.com/ ( https://www.mortonfinancialadvice.com) and connect athttps://www.linkedin.com/in/mwsmorton/ ( https://www.linkedin.com/in/mwsmorton/) https://www.meetmikemorton.com/ (Are you ready to create your ideal lifestyle? Let's Connect.)

Ryan Carriere is a CPA who specializes in tax strategies for real estate investors. Not only he loves to bring a smile to his clients when they see a clear path forward to reducing their taxes with various strategies but is also a fellow investor himself. He owns all his properties with other partners in long-term rentals, Airbnb, and multifamily syndication investments. Seeing the lack of financial education growing up makes him passionate about financial independence and financial education for the next generation.  He discusses real estate strategies for individuals with a million dollars or more net worth. He says that real estate is one of the most versatile and profitable investments you can make, and thanks to tax cuts and the job act, it's now even more advantageous for high-net-worth investors.[00:00 - 12:13] Opening SegmentIntroducing Ryan to the show!Benefit from the help of a CPA firm that specializes in real estate[12:14 - 25:26] Leverage Vacation Rentals To Build WealthBenefits of being a real estate professionalCost segregationShort-term rentalsShifting income to children  [25:27 - 37:13] Lower Your Taxable Income With Roth IRAAdditional expenses for your business may have lowered your taxable incomeMeeting certain thresholds will not withhold your children's incomeStart your children early in their careerThe IRS loves real estate investors[37:14- 41:49] Closing SegmentReal estate can create more jobs and help the economy grow  See the links below to connect with Ryan!Quotes:"My first and primary focus is to continue to pursue that financial freedom that is going to come about for my family, for multiple generations.” - Ryan Carriere, CPA"It's not to me just about passing along money. It's about passing along education so that they can do it themselves." - Ryan Carriere, CPAConnect with Ryan through LinkedIn, Facebook, Twitter & Website!Connect with me:www.5talents.capitalLinkedInInstagramWatch 5T CRE on YouTubeLeave us a review and receive your free ebookEmail us --> abel@5tcre.com 5 TALENTS CAPITAL | ABEL PACHECOIf you are ready to start your investment journey with 5 Talents Capital, here are the next steps you should take:View our informational video and case study at https://5talents.capital/grow-your-wealth/After viewing the video follow the prompts which will lead you to a scheduling link to meet one on one with Abel Pacheco. Register for our investor portal here investor portal once registered you will be able to review some of our past deals and you will receive alerts for upcoming investment opportunities.I Help People Build Wealth And 10X THEIR MONEYSupport the show

Podcasters: Alison Reiff-Martin, CPA and Phillip Washington, Jr.    Powered by ReiffMartin CPA and Stone Hill Wealth Management

On this episode Mike Jesowshek, CPA talks what portfolio income is and how it is taxed.1) What Is Portfolio Income?2) How Is Portfolio Income Taxed?3) What Is The Good Thing About Portfolio Income?4) What Type Of Income Is Non-Taxable?5) Portfolio and Non-Taxable Income - SummaryLINKS FROM THE SHOWShow Blog: https://www.taxsavingspodcast.com/blog/portfolio-income-how-is-my-income-taxedJoin Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax  --------Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings PodcastArticle: https://www.taxsavingspodcast.com/blog/portfolio-income-how-is-my-income-taxedJoin Our Tax Minimization Program: https://www.taxsavingspodcast.com/taxIncSight Packages: https://incsight.net/pricing/Book an Initial Consultation: https://app.simplymeet.me/o/incsight/sale-------Podcast Website: https://www.TaxSavingsPodcast.comFacebook Group: https://www.facebook.com/groups/taxsavings/--------To find out more on this topic and many others visit our website at www.TaxSavingsPodcast.com. You can also give us a call at 844-327-9272 or send your questions to us at: Ask@TaxSavingsPodcast.com

You are probably familiar with paying income taxes and capital gains taxes, but do you know your social security could be taxed too? Depending on your income, including tax-exempt interest from your investments, up to 85% of your social security could be added to your taxable income.  Hosts:Josh Jerele, CFP® | Wealth AdvisorAs a Wealth Advisor, Josh is passionate about simplifying the financial world for his clients and connecting their unique goals and values with a personalized solution. Josh supports clients by leveraging his knowledge and experience to create solutions for tax-friendly retirement distributions, estate planning, charitable giving, and legacy concerns. He is committed to helping educate clients with specific tools they need to ensure their family values are reflected in their finances. Born and raised in Columbus, OH, Josh holds a bachelor's degree in finance from Taylor University in Indiana. Josh worked as a Portfolio Advisor in Fort Wayne, IN, before joining UBS Private Wealth in Denver, CO. From there, he joined an RIA as a Wealth Advisor, where Josh continued to build on his extensive experience working with business owners, executives, and ultra-high-net-worth families. He now incorporates those past experiences to advise clients here at Summit Wealth Group. Josh cares deeply about his clients and in building meaningful relationships with them. He strives to understand their passions, goals, and concerns to assist them in connecting those to their finances. Nicole Davis | Director of Financial Planning ServicesNicole joined Summit Wealth Group in September of 2010 as a Para-Planner, assisting Daniel Cook with caring for his clients' financial needs. She is now the Director of Financial Planning Services, with over 17 years of experience in the financial industry. Nicole holds the FINRA Series 7 registration through Commonwealth Financial Network and is licensed to assist with life and health insurance, as well as with annuity products. Her passion is to help others reach their goals through comprehensive financial planning.Summit Wealth Group | Facebook | LinkedIn | YouTube | Twitter (719) 633-4033 | 13710 Struthers Road, Suite 115, Colorado Springs, CO 80921 Securities and Advisory Services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services are separate from and not offered through Commonwealth Financial Network.

In this episode of Retire Your Way Radio, Tim talks about how asset location can be combined with your desired asset allocation to reduce your taxable income. For more information, visit the show notes at https://erwealth.com/podcastblog/reduce-taxable-income-with-asset-location