Podcasts about Taxable income

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Best podcasts about Taxable income

Latest podcast episodes about Taxable income

The Numbers Game
What Real Budget Reform for Young Australians Would Actually Look Like

The Numbers Game

Play Episode Listen Later Jun 28, 2026 26:47


The 2026 Budget was pitched as a fix for intergenerational unfairness. Nick's fired up and reckons none of it adds up, especially if you're a young Australian trying to get ahead. But you can't just criticise without bringing a solution, and he's got a few of his own. On this episode, we discuss: (00:00) Intro (01:17) The 2026 Budget's Reform Pitch and Where It Misses Young Australians (02:29) Bracket Creep and the 47% Tax Rate That Hits Young High Earners (05:35) The $1,000 ATO Deduction Is Less Than Most Australians Already Claim (06:29) The HELP Debt Indexation Problem That Costs Australians Thousands Every Year (08:55) Removing Negative Gearing on Existing Homes Won't Free Up Housing Supply (11:24) Rents Are Set to Rise as Negative Gearing Shifts to New Builds Only (11:55) CGT Changes Hit Startup Founders Hardest, Not Property Investors (14:00) The Property Marketers Set to Profit From the Negative Gearing Reforms (16:47) Cutting Income Tax and Lifting GST, the Real Reform Trade-Off (18:31) Top 10 Postcodes by Taxable Income from Portsea to Mossman (21:25) Australia's GST Has Been Stuck at 10% Since 2000 (25:30) One Nation's Rise and What It Says About Voter Frustration Check out the free resources from Inovayt here. Send us an email: hello@thenumbersgamepodcast.com.au The Numbers Game is brought to you by Future Advisory & Inovayt. Hosts:Nick ReillyJason Robinson This podcast is produced by VIDPOD. Check out our new website thenumbersgamepodcast.com.au. Browse the full show catalogue, jump straight to specific moments on the topics you love, or leave us a voice note. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Your Retirement Planning Simplified
EP # 191 | Non-Registered Accounts: Why Your Withdrawal and Your Taxable Income Don't Match

Your Retirement Planning Simplified

Play Episode Listen Later Apr 30, 2026 13:58


In this episode, Joe Curry breaks down a common misunderstanding in retirement income planning: why your withdrawals don't equal taxable income. Learn how non-registered accounts, capital gains, and tax-efficient withdrawal strategies can help you stay in a lower tax bracket and avoid OAS clawbacks.   Thank you for listening! You can get a full breakdown of each episode on our blog: https://www.retirementplanningsimplified.ca/blog  Don't forget to like, comment, and subscribe for more simplified retirement planning insights!    Ready to take the next step?  Identify your retirement income style with the RISA questionnaire at  https://account.myrisaprofile.com/invitation-link/88QG1TMQ12   Want a retirement plan that adapts as your life evolves? Discover our True Wealth Roadmap — a step-by-step process to align your finances with your ideal retirement. Learn more here: https://matthewsandassociates.ca/vsl/    About Joe Curry Joseph Curry, also known as Joe, is the host of Your Retirement Planning Simplified, Canada's fastest-growing retirement planning podcast, where he provides accessible, in-depth financial advice. As the owner and lead financial planner at Matthews + Associates in Peterborough, Ontario, Joe and his team are committed to helping people secure both financial stability and purpose in retirement. His mission is to ensure people can sleep soundly knowing they have a solid plan in place, covering both financial and lifestyle aspects of retirement. A Certified Financial Planner and Certified Exit Planning Advisor, he values true wealth as more than money—it's about creating meaningful experiences with loved ones and fostering opportunities for the future.  You can reach out to Joe through: LinkedIn: https://www.linkedin.com/in/curryjoe Website: https://www.retirementplanningsimplified.ca/ Website: https://matthewsandassociates.ca/vsl/    About Retirement Planning Simplified Founded in 2022, its mission is to empower people to plan for retirement confidently, focusing not only on finances but also on a meaningful life. RPS wants everyone to have access to simple, reliable tools that reflect their values and priorities, helping them create True Wealth—the freedom to do what they love with those they love. By simplifying retirement planning and aligning it with the retiree's purpose, RPS aims to support building a retirement that feels fulfilling and secure. To know more about RPS you can visit the links below: ●      LinkedIn: https://www.linkedin.com/company/retirement-planning-simplified/ ●      Instagram: https://www.instagram.com/retirement_planning_simplified ●      Podcast/Blog: https://www.retirementplanningsimplified.ca/blog ●      Youtube: https://www.youtube.com/@retirementplanningsimplified       Disclaimer Opinions expressed are those of Joseph Curry, a registrant of Aligned Capital Partners Inc. (ACPI), and may not necessarily be those of ACPI. This video is for informational purposes only and not intended to be personalized investment advice. The views expressed are opinions of Joseph Curry and may not necessarily be those of ACPI. Content is prepared for general circulation and information contained does not constitute an offer or solicitation to buy or sell any investment fund, security or other product or service.

Scrubs and Stocks Podcast
#71: How taxes work for W2 Nurses & what to do to lower taxable income

Scrubs and Stocks Podcast

Play Episode Listen Later Mar 29, 2026 14:49


Nurse Taxes 101 (2026): How W2 Nurses Can Keep More of Their Paycheck Ellaine, a nurse practitioner and financial educator behind Nursing Flow Sheet, explains why many W2 nurses feel paycheck-to-paycheck and breaks down U.S. taxes in a simple 2026 update. She clarifies the progressive tax system, emphasizing that being in a higher bracket doesn't mean all income is taxed at that rate, so earning more still increases take-home pay. She encourages nurses to review their paystubs, use employer benefits and matches, think long term, and seek an accountant if finances are complex 00:00 Why Nurses Feel Broke 00:40 Meet Ellaine and Taxes Matter 01:38 Tax Brackets Explained 03:15 W2 Paycheck Breakdown 05:24 W2 Tax Levers Overview 06:57 Pre Tax Accounts 07:53 Standard Deduction Basics 09:33 Withholding vs Taxes 10:29 Simple Nurse Tax Strategy 11:33 Bigger Picture and Enough 12:23 When to Hire Help 12:56 Action Steps and Wrap Up Connect with me: Instagram: http://www.instagram.com/nursewhoinvests Website: https://nursingflowsheet.com/ Download MONARCH MONEY: https://monarchmoney.sjv.io/VxYNjk (affiliate link) Budgeting for Beginners: https://nursingflowsheet.com/budgeting-for-beginners/ ➤ Stock Market Investing for Nurses MASTERCLASS (use code:INVESTREADY) REGISTER HERE: https://www.nursewhoinvests.com/investing101 ➤ FREE INVESTING CLASS FOR NURSES https://www.nursewhoinvests.com/class ➤ Subscribe for more videos about nursing, career growth, and financial freedom!

The Podcasting Morning Chat
462. How Free Sponsorship Gear Becomes Taxable Income Overnight

The Podcasting Morning Chat

Play Episode Listen Later Feb 26, 2026 50:54


Ever get something “free” for your podcast or creator work and think, awesome, no cost, no problem, then find out later why the IRS sent you a bill? Maybe it's a “gifted” product, a free month of a tool, a comped hotel for an event, or a brand sending you gear in exchange for a mention. Today, we dig deeper into one of yesterday's questions, inspired by a news story shared by our co-host Ralph Estep Jr., and we get real about what counts as income for creators, even when no cash hits your bank account. We talk about fair market value and what “reasonable” write-offs look like. Go back to Episode 461 to hear the full story and our initial conversation, then stick around as we keep the mailbag rolling with practical questions about gear and setup choices, including how to think about what's actually worth buying when you're building your show on a budget.Episode Highlights: [05:32] When wardrobe is actually tax-deductible[15:27] Swag, lotteries, donations, and documentation[21:17] Mailbag: beginner podcast setup question[25:41] Testing your camera setup before committing[31:08] Start simple before upgrading gear[40:00] Consultation and planning advice[43:19] Riverside AI YouTube thumbnail generator previewLinks & Resources: The Podcasting Morning Chat: www.podpage.com/pmcJoin The Empowered Podcasting Facebook Group:www.facebook.com/groups/empoweredpodcasting⁠Book A Free Call With Me: https://calendly.com/ironickmedia/freestrategycallJoin The Empowered Podcasting Facebook Group:www.facebook.com/groups/empoweredpodcasting⁠Application To Submit Your Show For Evaluation: https://docs.google.com/forms/d/e/1FAIpQLSc8-Xv6O6lrNPcPJwj3N0Z5Osdl-5kHGz_PiAU45U57S-XgoA/viewform?usp=headerHere's What You Need To Report to the IRS and Why: https://finance.yahoo.com/news/content-creation-profitable-gig-irs-140000780.htmlJunaid's Gear Guide: https://homestudiomastery.com/gear-guideRalph Estep Jr: www.contentcreatorsaccountant.comThe Estep Group Commercial (2005): https://youtu.be/zoefGJmPVEQ?si=reW-eO757CW4Lp94Rodecaster Pro 2: https://amzn.to/41h9yuNRiverside: https://www.riverside.fm/?via=0676daRemember to rate, follow, share, and review our podcast. Your support helps us grow and bring valuable content to the podcasting community.Join us LIVE every weekday morning at 7 am ET (US) on ⁠Clubhouse⁠: ⁠⁠⁠ https://www.clubhouse.com/house/empowered-podcasting-e6nlrk0w⁠⁠Live on YouTube: ⁠http://podcastingmorningchat.com/joinusBrought to you by⁠ ⁠iRonickMedia.com⁠⁠ Please note that some links may be affiliate links, which support the hosts of the PMC. Thank you!--- Send in your mailbag question at:⁠ https://www.podpage.com/pmc/contact/⁠ or ⁠marc@ironickmedia.com⁠Want to be a guest on The Podcasting Morning Chat? Send me a message on PodMatch, here: ⁠https://www.podmatch.com/hostdetailpreview/1729879899384520035bad21b⁠

#AskPhillip
Finding the Money You Already Earned

#AskPhillip

Play Episode Listen Later Feb 20, 2026 14:15


Key Takeaways: Don't Miss Common Deductions: Many business owners overlook deductions like mileage and home office expenses. Tracking these can lead to meaningful tax savings. Intent Matters for Expenses: For things like meals, travel, and entertainment, the reason behind the expense is important. Understanding intent helps ensure expenses are reported correctly. Bonus Depreciation Is Back: Recent tax changes allow businesses to fully write off certain purchases right away. This can be a big advantage when buying qualifying equipment or assets. Review Transactions Regularly: Looking through bank statements and transactions can reveal forgotten subscriptions or miscategorized expenses, which improves accuracy and savings. Get Expert Tax Help: Tax rules are complicated and always changing. A knowledgeable CPA can help businesses take full advantage of deductions and credits while staying compliant.    Chapters: Timestamp Summary   1:56 Commonly Overlooked Business Deductions for Entrepreneurs 4:10 Understanding Tax Deductions for Meals, Travel, and Entertainment 7:07 Documenting Business Expenses and Intent for Tax Deductions 8:42 Gift Cards as Taxable Income for Employees 9:22 Tax Strategies and Tips for Small Business Owners Powered by ReiffMartin CPA and Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Ready to turn your investing dreams into reality? Our "Wealth Building Made Simple" premium newsletter is your secret weapon. We break down investing in a way that's easy to understand, even if you're just starting out. Learn the tricks the wealthy use, discover exciting opportunities, and start building the future YOU want. Sign up now, and let's make those dreams happen!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Money Rehab with Nicole Lapin
Can Airbnb Hosting Really Make Your Taxable Income $0? | Bonus Depreciation Explained

Money Rehab with Nicole Lapin

Play Episode Listen Later Feb 16, 2026 12:29


Today, Nicole breaks down the viral tax strategy everyone on social media is talking about — the claim that buying a short-term rental can legally wipe out your taxes. She explains the simple idea behind bonus depreciation, why it creates massive upfront write-offs, and how real estate investors use upgrades and accounting strategy to dramatically lower taxable income. But she also pulls back the curtain on the part influencers skip: why a $0 tax bill doesn't automatically mean you made money, how much cash you still need to spend, and the risks hiding behind the hype. The Money Rehab Episode About Whether Home Ownership is Overrated   Check out Nicole's financial literacy course The Money School  Find a Financial Advisor or Financial Coach from Nicole's company Private Wealth Collective Watch video clips from the pod on Money Rehab's Instagram and Nicole Lapin's Instagram 00:00 Are You Ready for Some Money Rehab?  00:53 Bonus Depreciation 101 03:10 What Changed with the  Big Beautiful Bill 03:38 What Qualifies (and What Doesn't) 04:22 Fact-Checking the Viral Airbnb Example  05:37 The Caveats 05:54 Cost Segregation Study Workaround 07:36 Don't Let the Tax Tail Wag the Dog'  09:10 Tip You Can Take Straight to the Bank

Law School
Tax Law - Exclusions, Deductions, and Adjustments: How Taxable Income Gets Smaller

Law School

Play Episode Listen Later Dec 31, 2025 54:38


Mastering MACRS Depreciation: A Deep Dive into Tax EfficiencyThis conversation delves into the complexities of business taxation, focusing on property deductions and the rules governing depreciation under the Modified Accelerated Cost Recovery System (MACRS). The discussion covers foundational concepts, tax benefits, qualifying criteria for depreciation, the mechanics of MACRS, immediate expensing options like Section 179 and bonus depreciation, and the implications of listed property rules. The conversation concludes with a reflection on the balance between incentivizing business investment and ensuring compliance with tax regulations.Imagine you're a business owner, navigating the complex world of taxation. You've just invested in new equipment, and the question looms: how do you maximize your tax benefits? Welcome to the world of MACRS depreciation, a cornerstone of business tax strategy.Understanding Depreciation: Depreciation isn't just a theoretical exercise; it's a structured calculation that can significantly impact your tax liability. The Modified Accelerated Cost Recovery System (MACRS) is the IRS's method for depreciating property, allowing businesses to recover the cost of assets over time. This system is crucial for anyone involved in business taxation, as it dictates how and when you can deduct the cost of your assets.Key Concepts:Property Qualification: Not all assets qualify for depreciation. To be depreciable, property must be used in a trade or business and have a determinable useful life. Land, for instance, is never depreciable because it theoretically lasts forever.Depreciation Systems: MACRS offers two primary systems: the General Depreciation System (GDS) and the Alternative Depreciation System (ADS). GDS is the default, offering faster recovery periods, while ADS is slower and often mandatory for certain property types.Section 179 and Bonus Depreciation: These provisions allow for immediate expensing of certain property, providing significant upfront tax benefits. However, they come with limitations, such as the business income limitation and specific caps for vehicles.Listed Property and Recapture: Assets like cars and computers, which can be used for both business and personal purposes, are subject to stricter rules. Failing to meet the business use test can lead to recapture, where previously claimed deductions are added back to income.Mastering MACRS depreciation is about understanding the interplay between qualification, calculation, and limitation. It's a critical skill for optimizing tax efficiency and ensuring compliance. As you navigate these rules, remember that the goal is to balance maximizing deductions with adhering to IRS regulations.Subscribe now to stay updated on the latest tax strategies and insights.TakeawaysDepreciation is a multi-step calculation that requires precision.Tax benefits are categorized into exclusions, deductions, and credits.Land is not depreciable, but land improvements can be under certain conditions.The IRS scrutinizes the overall pattern of asset use for tax purposes.Basis must be adjusted for allowed or allowable depreciation, impacting future gains.The Lesser Of Rule caps depreciation for converted personal property.GDS allows for faster recovery periods compared to ADS.Section 179 provides immediate expensing options but has strict limits.Failing the 50% QBU test results in severe tax consequences.Recapture rules enforce compliance by reclaiming excess depreciation.business taxation, depreciation, MACRS, tax benefits, Section 179, bonus depreciation, listed property, tax compliance, IRS rules, property deductions

JIJI English News-時事通信英語ニュース-
Japan Ruling Bloc OKs Taxable Income Hike, Other Tax Reforms

JIJI English News-時事通信英語ニュース-

Play Episode Listen Later Dec 19, 2025 0:14


The ruling bloc of the Liberal Democratic Party and the Japan Innovation Party ()削除 adopted on Friday a tax system reform package for fiscal 2026, including a rise in the taxable income threshold to 1.78 million yen.

JIJI English News-時事通信英語ニュース-
LDP, DPFP Agree to Raise Taxable Income Threshold to 1.78 M. Yen

JIJI English News-時事通信英語ニュース-

Play Episode Listen Later Dec 18, 2025 0:15


Japan's ruling Liberal Democratic Party and the opposition Democratic Party for the People agreed at a meeting of their tax panel chairs on Thursday to raise the taxable income threshold from the current 1.6 million yen to 1.78 million yen.

Money Talks Radio Show - Atlanta, GA
Consider Capital Gains Harvesting—Not Just Tax-Loss Selling

Money Talks Radio Show - Atlanta, GA

Play Episode Listen Later Dec 9, 2025 13:31


This week on “Henssler Money Talks,” K.C., Nick, D.J., and Kelly-Lynne explore year-end strategies like tax-loss selling, harvesting gains to offset recognized losses, and resetting your cost basis. We also break down how capital gains are taxed and why these moves can help you keep more of what you've earned. Original Air Date: December 6, 2025Read the Article: https://www.henssler.com/consider-capital-gains-harvesting-not-just-tax-loss-selling 

The Logan Allec Show
Are Capital Gains Double Taxed By the IRS? Are They Included in AGI?

The Logan Allec Show

Play Episode Listen Later Nov 28, 2025 4:58


How are long term capital gains taxed in the eyes of the IRS? Are they double taxed or not even counted as taxable income? Keep watching to find out more! Do you have unfiled tax returns that need filing? Call us at 866-8000-TAX or fill out the form at https://choicetaxrelief.com/If you want to see more…-YouTube:    / @loganallec  -Instagram: @ChoiceTaxRelief @LoganAllec -TikTok: @loganallec-Facebook: Choice Tax Relief // Logan Allec, CPA -Reddit:   / taxrelief   

The Logan Allec Show
Does NON-TAXABLE INCOME Count for Offer in Compromise Purposes?

The Logan Allec Show

Play Episode Listen Later Nov 23, 2025 7:41


Offer in compromises are very tricky to navigate. Do you report your non-taxable income on them? Find out now! Do you have tax debt? Call us at 866-8000-TAX or fill out the form at https://choicetaxrelief.com/If you want to see more…-YouTube:    / @loganallec  -Instagram: @ChoiceTaxRelief @LoganAllec -TikTok: @loganallec-Facebook: Choice Tax Relief // Logan Allec, CPA -Reddit:   / taxrelief  Mentioned Video Link:-Here's Why You Likely WON'T QUALIFY For an Offer in Compromise

The Best of Weekend Breakfast
Personal Finance: Home/office expenses can have tax implications when you sell one day

The Best of Weekend Breakfast

Play Episode Listen Later Sep 28, 2025 8:13 Transcription Available


Gugs Mhlungu is joined by Resident Certified Financial Advisor, Paul Roelofse, about how claiming home office expenses can impact your capital gains tax when selling your primary residence. 702 Weekend Breakfast with Gugs Mhlungu is broadcast on 702, a Johannesburg based talk radio station, on Saturdays and Sundays Gugs Mhlungu gets you ready for the weekend each Saturday and Sunday morning on 702. She is your weekend wake-up companion, with all you need to know for your weekend. The topics Gugs covers range from lifestyle, family, health, and fitness to books, motoring, cooking, culture, and what is happening on the weekend in 702land. Thank you for listening to a podcast from 702 Weekend Breakfast with Gugs Mhlungu. Listen live on Primedia+ on Saturdays and Sundays from 06:00 and 10:00 (SA Time) to Weekend Breakfast with Gugs Mhlungu broadcast on 702 https://buff.ly/gk3y0Kj For more from the show go to https://buff.ly/u3Sf7Zy or find all the catch-up podcasts here https://buff.ly/BIXS7AL Subscribe to the 702 daily and weekly newsletters https://buff.ly/v5mfetc Follow us on social media: 702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/Radio702 702 on YouTube: https://www.youtube.com/@radio702 See omnystudio.com/listener for privacy information.

JIJI English News-時事通信英語ニュース-
Olympus Fails to Declare 30 B. Yen in Taxable Income

JIJI English News-時事通信英語ニュース-

Play Episode Listen Later Sep 8, 2025 0:14


Olympus Corp. failed to report some 30 billion yen in taxable income over the two years through March 2024, people familiar with tax authorities' investigation into the Japanese precision equipment maker said Monday.

The Real Estate CPA Podcast
339. Multiple Businesses, Major Write-Offs: Marty Geier's Path to a $40K Taxable Income

The Real Estate CPA Podcast

Play Episode Listen Later Aug 6, 2025 49:50


In this episode of the Tax Smart REI Podcast, Thomas and Ryan sit down with entrepreneur and investor Marty Geier to unpack how he reduced his taxable income from $1.4 million to just $40K using a blend of business building, short-term rentals, and advanced tax strategy. Tune in to learn: - How Marty uses the 500-hour rule to make short-term rental losses non-passive and deductible - Why he starts a new business each year and how it helps offset active income - The exact way he structures his real estate and businesses to maximize Section 179 and bonus depreciation - How he tracks performance across 10+ ventures to know when to scale, pivot, or exit - What most investors underestimate about the real-time commitment of running rentals To become a client, request a consultation from Hall CPA, PLLC at go.therealestatecpa.com/3KSEev6 Get your FREE ticket to the 2025 Tax, Legal, and Wealth Summit: https://www.taxandlegalsummit.com/registration 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.

On The Rekord
Episode 201 - Aug. 5th, 2025 - Episode 200

On The Rekord

Play Episode Listen Later Aug 6, 2025 148:38


Episode 201 - Aug. 5th, 2025 - Episode 200  - Violations Counter - DJ Intence - 0 x Walt - 10 x Ceddy - 14  - Gilbert Arenas & The Feds with Illegal Gambling  - Man arrested in Benton, AK for cologne after mistaken it for drugs (The story of Kapil Raghu)   - James Howells update on Lost Hard Drive  - Why was Gargoyles (TV series) cancelled? 90s Cartoons in Review  - Manhattan Shooting in Midtown Manhattan (The Shane Tamura Story)  - UK Rap vs USA Rap (Joyner Locus vs Skepta)  - NYPD rookie cop stole from Wells Fargo accounts  - Donald Trump job reports & UnCultured news  - Texas Democrat leaves the state to block the vote for Gerrymandering within the state  - Sade Robinson's murderer gets Life in PRISON (Maxwell Anderson) - Wise Guy's Segment - The Shannon Sharpe Settlement  - Wise Guy's Segment - Coach Prime Bladder Cancer  - Wise Guy's Segment - @Jennaske exposing about female's going to Dubai 

Sunlight
What Counts As Taxable Income

Sunlight

Play Episode Listen Later Jun 17, 2025 18:17


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

Your Money, Your Wealth
Taxable Income, Dividends, Roth & SMA: What's Missing in Your Early Retirement? - 527

Your Money, Your Wealth

Play Episode Listen Later Apr 29, 2025 42:24


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

Zen and the Art of Real Estate Investing
220: How To Reduce Your Taxable Income Through Cost Segregation on Real Estate with Erik Oliver

Zen and the Art of Real Estate Investing

Play Episode Listen Later Feb 27, 2025 45:47


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.

Money Girl's Quick and Dirty Tips for a Richer Life
Does My Inheritance Count as Taxable Income?

Money Girl's Quick and Dirty Tips for a Richer Life

Play Episode Listen Later Jan 10, 2025 22:55


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/

She Believed She Could Podcast
How To Minimize Your Taxable Income As A Business Owner with Barbara Schreihans

She Believed She Could Podcast

Play Episode Listen Later Oct 1, 2024 18:32


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

Wiser Roundtable Podcast
239. How can I reduce my current taxable income?

Wiser Roundtable Podcast

Play Episode Listen Later Aug 19, 2024 33:04


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!

Beer & Money
Episode 259 - The Impact of Distribution Tax Status on Financial Success

Beer & Money

Play Episode Listen Later Jul 22, 2024 14:09


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  

The Patti Brennan Show
154: When to Take Your RMDs

The Patti Brennan Show

Play Episode Listen Later Jul 12, 2024 12:06


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. 

Your Retirement Podcast
Taxable Income

Your Retirement Podcast

Play Episode Listen Later Jul 8, 2024 8:52


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.

Clark County Today News
IRS data: Washington state lost 18K people, $1.66B in taxable income in 2021

Clark County Today News

Play Episode Listen Later Jul 5, 2024 3:01


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

Heather du Plessis-Allan Drive
Bruce Bernacchi: Dentons Kensington Swan tax expert on the IRD targeting crypto users who failed to declare it as taxable income

Heather du Plessis-Allan Drive

Play Episode Listen Later Jul 4, 2024 3:15


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.

Money Talks Radio Show - Atlanta, GA
Case Study: Roth IRA Retirement Income Strategy

Money Talks Radio Show - Atlanta, GA

Play Episode Listen Later May 21, 2024 11:42


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 

Passive Income Pilots
#58 Tax Tactics: The TOP 5 Ways Pilots Can Save with Toby Mathis

Passive Income Pilots

Play Episode Listen Later May 7, 2024 53:34


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.

Point of View Radio Talk Show
Point of View May 7, 2024 – Hour 1 : High Court Could Redefine Taxable Income

Point of View Radio Talk Show

Play Episode Listen Later May 7, 2024 44:38


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 […]

Anderson Business Advisors Podcast
How Can A 1099 Contractor Reduce Taxable Income?

Anderson Business Advisors Podcast

Play Episode Listen Later Apr 30, 2024 50:32


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  

The Business Ownership Podcast
Tax Deduction & Strategies - Shauna A. Wekherlein

The Business Ownership Podcast

Play Episode Listen Later Apr 15, 2024 44:39


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/ 

The Detailed Diary Podcast
Small Business Taxes: What You Need To Know

The Detailed Diary Podcast

Play Episode Listen Later Feb 26, 2024 36:54


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!

Wealth Game
106 - Year-End Tax Strategies for Maximizing Deductions & Reducing Taxable Income

Wealth Game

Play Episode Listen Later Nov 28, 2023 12:51


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

Growing Your Wealth with Brian Evans

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

Win Make Give with Ben Kinney
REPLAY - Wealth Series 2.0 - Episode 14 - Pay Less Taxes

Win Make Give with Ben Kinney

Play Episode Listen Later Oct 6, 2023 55:22


*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

Taxes Done Right with EG Tax
Taxes Done Right: Episode 53 What's Taxable Income

Taxes Done Right with EG Tax

Play Episode Listen Later Sep 25, 2023 46:11


Paint ED Podcast
Tax Strategy Series Part 2 Strategies To Lower Your Taxable Income: Elite Business Advice

Paint ED Podcast

Play Episode Listen Later Sep 21, 2023 23:38


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!

Elite Business Advice Podcast
Tax Strategy Series Part 2: Strategies to Lower Your Taxable Income

Elite Business Advice Podcast

Play Episode Listen Later Sep 19, 2023 23:54


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!

Lifeonaire
Creative & Legal Strategies for Reducing Your Taxable Income with Melanie Sikma & Byron McBroom

Lifeonaire

Play Episode Listen Later Aug 3, 2023 44:04


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

How Did They Do It? Real Estate
SA722 | Legal Ways to Reduce Your Taxable Income with Amanda Han, CPA

How Did They Do It? Real Estate

Play Episode Listen Later Jun 22, 2023 31:56


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

Sunlight
What Counts As Taxable Income?

Sunlight

Play Episode Listen Later Apr 25, 2023 17:32


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

Show Me The Nuggets
Learn How to Reduce Your Taxable Income and Maximize Your Profits [Part - 2] with Brady Slack

Show Me The Nuggets

Play Episode Listen Later Apr 10, 2023 16:11


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.

Countdown with Keith Olbermann
ONE TRUMP CHARGE IS A FELONY: IS IT TAX FRAUD? - 4.1.23

Countdown with Keith Olbermann

Play Episode Listen Later Apr 1, 2023 63:50


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.

The Action Academy | Millionaire Mentorship for Your Life & Business
How To Eliminate $100k+ In Taxable Income Through Real Estate Investing w/ Cody Littlewood

The Action Academy | Millionaire Mentorship for Your Life & Business

Play Episode Listen Later Mar 30, 2023 31:23


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

Show Me The Nuggets
Learn How to Reduce Your Taxable Income and Maximize Your Profits [Part - 1] with Brady Slack

Show Me The Nuggets

Play Episode Listen Later Mar 27, 2023 17:56


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 HyperFast Agent Podcast
Reduce Your Taxable Income

The HyperFast Agent Podcast

Play Episode Listen Later Feb 24, 2023 21:20


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

Idaho's Money Show
Inverted Yield, AI, & Reducing Taxable Income (2/18/2023)

Idaho's Money Show

Play Episode Listen Later Feb 21, 2023 86:55


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

Breakaway Wealth Podcast
Want to Reduce Your Taxable Income? Here's How… with Michelle Kimbro

Breakaway Wealth Podcast

Play Episode Listen Later Nov 15, 2022 6:18


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

5 Talents Podcast - Commercial Real Estate, REI, Financial Freedom
Ryan Carriere, CPA - Lower Your Taxable Income With Roth IRA

5 Talents Podcast - Commercial Real Estate, REI, Financial Freedom

Play Episode Listen Later Sep 13, 2022 41:49


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