SORT BY Relevancy
Great Tax Savings are not about deduction. The Wealthy know how to manipulate the tax law in ways that the Congressional loophole closers never envisioned.
And why not. The one million pages of tax laws has created thousands of innovative tax plans. Each tax reform just creates more opportunity to create wealth via the tax laws.
In this episode, Brian Dooley, CPA, MBT provides a few of the tried and true trade secrets that have been used for more than half a century.
When a taxpayer wants to sell his or her principal residence, and that taxpayer is also the sole owner of a C or S corporation, selling the residence to the corporation offer three benefits.
(1) Cash may be taken out of the corporation tax-free instead of as - dividends. This is because the gain on the sale of a principal residence is excluded from income in an amount not to exceed $250,000 and $500,000 for a joint return.
(2) Assuming the corporation turns around and rents the residence, the corporation has a "cost basis" equal to the appreciated value of the house and, thus, larger depreciation expense than the taxpayer would have had if he or she held on to the house and rented it.
If the corporation is an S corporation, larger depreciation expenses are deducted by the shareholder allowing them to shelter rental income.
And there is more... listen to learn or call Brian Dooley at 949-939-3414.
Good news- President Obama tax and budget deficit plan is full of new Presidential approved loopholes. This broadcasts will explore the biggest tax savings for small business and investors.
I hunted and pecked my way through all 250 pages to select the best for the biggest to the silliest... such as the golf cart energy tax credit.
Tax planning is looking down the road, around the curve, for the next big set of loopholes. Every tax bill that I have seen has had new tax loopholes.
The "Press" will tell you that that this bill has closed abusive loopholes and its is tax reform. However, one parties abuse is the other parties economic incentive.
So, your tax planner goes with the current (as you may know, I am a river rafter in my free time) and does not paddle upstream.
This episode of Tax Talk will cover my favorite loopholes. You will learn how to get the same tax loopholes used by the "Wealthy"
Here are the show notes with my favorite 40 tax saving loopholes.
If you have a question, the call me, Brian Dooley, CPA or text me at 949-939-3414.
Home offices and home base businesses are the new legal tax shelter. With todays powerful home internet services, you can run a major company out of your home.
The Administration is pushing the IRS to recognize the power of a home office and home business. This new policy combined with President Regan small business tax laws provides the blue print to deducting personal interest and home interest as business interest.
New tax law allows a portion of your credit card interest and home mortgage as a business expense.
It is not merely the portion that relates to home office. Oh yes, there is much more. In this episode you will learn about the 1987 tax breaks and how they work with the IRS new home office tax law.
Learn how save taxes by converting your credit card interest and your home loan interest to deductible expenses.
Listen and learn how more innovative tax plans for the cloud computer base and home base business. Amazon provides the best small business cloud system. Here is the link.
Matt Irvine, VP of Health Savings Administrators, will share with us what's going on with the unique way to save to pay for health care costs with pre-tax dollars. What are typical options for employees and the self employed. How much can people save and where can they save it will be at the top of our list of questions. Don't miss our interview. If you do, you'll find it archived right here.
Easy tax savings with the IRS foreign source rules is a snap with this very short Tax Talk Episode (11 minutes).
Your tax savings is easy with your own controlled foreign corporation. Use the IRS's new web page for your tax planning.
Learn and listen how and then check out the IRS web page.
Here is the link to our web page with these IRS rules.
If you have a question, then call me, Brian Dooley, CPA, MBT at 949-939-3414 or visit our web site.
A Great Tax Tool is a related party private annuity and the Tax Court recently made it better.
Seemingly innocent but deadly to the IRS, private annuities have saved taxes since the beginning of the 1900’s.
Something as simple as your controlled foreign corporation funded with your own money provides tax savings and asset protection beyond your wildest dreams (tax dreams that is).
Adding Mitt Romney’s legal offshore structure, your tax savings escalate.
The trick? The trick, as you will learn, is the IRS’s own information return, regulations and a recent Tax Court victory.
Have a question? Then be sure to call in and talk to Brian Dooley, CPA, MBT at (949) 939-3414
Taxes and accounting don't have to be intimidating. For more than 25 years, I have helped business owners and company executives make dollars and sense out of their accounting processes and taxes.
Over the past several years, I have helped owners and executives of small businesses and non-profit organizations reduce their burden when it comes to accounting, fiscal management and tax planning. I have helped everyone from manufacturers and distributors to IT companies and medical management consultants.
As an Enrolled Agent, enrolled to practice before the Internal Revenue Service, I have represented tax payers before the IRS with their tax issues. I’m very passionate about education. I have taught All aspects of Tax and Accounting at professional credential levels and at graduate levels.
To learn more contact Surekha Vaidya at email@example.com
Taxes and accounting don't have to be intimidating. For more than 25 years, I have helped business owners and company executives make dollars and sense out of their accounting processes and taxes. Over the past several years, I have helped owners and executives of small businesses and non-profit organizations reduce their burden when it comes to accounting, fiscal management and tax planning.
I have helped everyone from manufacturers and distributors to IT companies and medical management consultants. As an Enrolled Agent, enrolled to practice before the Internal Revenue Service, I have represented tax payers before the IRS with their tax issues.
To learn more contact Surekha Vaidya at firstname.lastname@example.org.
When it comes to money, every little bit adds up. That's what everyone always says, but everyone also has their limits.
For instance, if you see a penny on the ground, these days, you wouldn't necessarily pick it up, even though, hey, it's free money.
You've probably also heard a dozen times the tired but true advice that if you gave up your daily drink from the local coffeehouse, you could save well over a thousand dollars a year.
There are all sorts of money-stretching strategies we can do — but probably don't. If you're looking for little ways to improve the health of your bank account, here are five ways you could get some more bang for your buck, if only you had more time or energy.
While lights are easy enough to remember to switch off, it can be easy to forget (or to feel it's not worth the bother) that you could also be unplugging your laptop, your PC, your DVD player, your microwave oven, cellphone charger and an array of other electronics when you aren't using them. Because your electronics, when plugged in and turned off, are still using electricity.
Liberty Tax Service es el proveedor de preparación de impuestos de mayor crecimiento. Ahora con oficina en el 3KS6 Ave. Fragoso, detrás de Plaza Carolina. Te invitamos a que nos envies tus preguntas a email@example.com o llames en vivo al 787-220-7646 este próximo jueves 22 de enero a las 4pm.
Liberty Tax Service es el proveedor de preparación de impuestos de mayor crecimiento. Ahora con oficina en el 3KS6 Ave. Fragoso, detrás de Plaza Carolina. Te invitamos a que nos envíes tus preguntas a firstname.lastname@example.org o llames en vivo al 787-220-7646 este próximo jueves 29 de enero a las 4pm.
Brought to you by PREPARE Magazine - Visit & Sign up for your FREE Digital Subscription!
If your first thought was that we lived on our savings, think again. Here are some bullet points of what route we chose to go when we were faced with no income for a full year:
We did not have a savings to live from
We did not go on a government assistance program
We did not move in with family to avoid mortgage or rent
We did not split up our family to handle the situation.
Some of the things we did do were:
Live off the garden.
Waste NO food.
Barter food items.
Sell off most of our belongings.
Downsize to one car.
Cut out most entertainment.
You'll have to listen to the show to hear how we did this...
Have fun and enJOY the journey!
Come like our Surviving On Shoestrings Facebook Page for more tips!
Join Host Live Chats
- MHHS Eyes Wide Open (38 chatters)
- MIKE MILLZ RADIO (34 chatters)
- Curious Times (25 chatters)
- Dead Air Paranormal Radio (15 chatters)
- Fresh Fire Prayer LineBrother Kay (15 chatters)
- BacktoBasicsRadio (13 chatters)
- Symmetry of Soul (11 chatters)
- thelordshour (11 chatters)
- Dead End Sports (8 chatters)
- Journey Into Light (7 chatters)
- InThePaint (6 chatters)
- Prophecy Quake (6 chatters)
- BFD Fantasy Football (6 chatters)
- Underground Unsigned Unknown (6 chatters)
- SURN Host (5 chatters)
- D Hour Show (5 chatters)
- Heroes 101 Radio (5 chatters)
- Elucidating Life (4 chatters)
- RLS Network (3 chatters)
- The 110 Nation Sports SHow (3 chatters)
- The Larry Love Show (3 chatters)
- OPWR (3 chatters)
- Lifeline with Cindy Sommer (3 chatters)
- MichICAN Nightly Radio Show (2 chatters)
- NDB Media (2 chatters)
- SandyRodgers (2 chatters)
- All Fans Sports Radio (2 chatters)
- Brain Injury Radio (2 chatters)
- Callywood (1 chatters)
- Carl Richards Show (1 chatters)
- Cynthia Andrews (1 chatters)
- Fellowship of Deliverance (1 chatters)
- Dr Synonymous (1 chatters)
- HRN (1 chatters)
- GGT183 (1 chatters)
- Reach Out America (1 chatters)
- Talk2Q (1 chatters)
- URN Radio Network (1 chatters)
- Zaiyahs House (1 chatters)
- teamgrindhard (0 chatters)