SORT BY Relevancy
It's the MOST important time of year for implementing year-end tax planning tips. I'll set forth my top strategies and then open it up for calls and emails. I'll do my best to answer your questions, and if I don't have the answer, I will find it. Please email your questions and comments in advance to firstname.lastname@example.org.
Put in the subject line 'Show Question'.
The show will broadcast LIVE Tuesday, December 17th, at 11am PST / 2 EST. You can call in and listen LIVE on the road at 646-200-4285, or listen in here.
NO SHOW NEXT WEEK: December 24th. Merry Christmas!!!!
Disclaimer Topics and Strategies discussed in TIPShow broadcasts are general in nature and may not apply to your individual situation. The views expressed in this talk are solely the opinions of the speakers involved. These opinions are general in nature and not designed to provide specific investment advice to individuals. Investors should not make investment decisions based exclusively on the material discussed on this call. CapSouth Partners is an independent, Registered Investment Advisor. Please consult your tax or legal advisor before making decisions that may have tax or legal consequences
“MAKE TAXES LESS TAXING - Tools, Tips & Strategies”
Looking forward, what can you do to plan to save time, trouble and money on your 2014 tax return? We’ll discuss changes in filing status, IRS regulations and deductions that give you practical advice you can use!
Learn from the dynamic lady lawyer, "LADY LAWYER LIVE" Cynthia Rignanese, and guest CPA, Thomas “Tom” Bazley, both of Winter Haven in Central Florida! Together, they have more than 40 years experience!
The host, Ms. Rignanese, has been a practicing attorney for nearly 25 years, and a radio personality for 20 years. Her practice focuses in Estate Planning and Administration, Tax Planning, Real Property and Business Law.
Guest CPA, Mr. Bazley, has been in public accounting for more than 15 years. He is a published author; frequent speaker to state CPA societies and estate planning councils on income plus estate tax matters; and instructor of income and estate tax topics. His practice emphasizes tax planning and compliance, estate planning and taxation. And this is not his first radio appearance; he dominated as a guest on radio discussing estate planning in the current tax environment!
This is a LIVE, CALL IN SHOW!
BROADCASTING LIVE :
Feb 10, 2014 from 4:00 to 4:30 pm EST
CALL to SPEAK WITH THE LAWYER and CPA (LIVE) AT:
Hard to believe that the IRS is out to screw the fifty states. This special IRS designed Nevada asset protection trust's income avoids state income taxes.
Having a trust in Nevada to avoid state income taxes is not new.
However, in the past you could not control the trust if you wanted the tax savings. Also, you could not be a trust beneficiary. This means once the assets were placed in the trust you cannot get them back.
But there is a tiny tiny crack in the law. And now the IRS is letting all of us know how to use that crack to avoid gift taxes, avoid state income taxes and to protect assets.
The general rule is the trust is a grantor trust if I create the trust and I am a beneficiary or if I am the trustee.
For example, if the trust was in Nevada and earned an hundred thousand dollars of interest income, I pay tax on the hundred thousand dollars if the trust is classified as a grantor trust.
But not now! The IRS found a tiny crack that allowed the taxpayer in this ruling to be both a beneficiary and the owner of the trust company and avoid the grantor trust rules. That $100,000 is not state income tax free.
By the way, also the IRS also ruled that no gift tax was due on the millions of dollars he placed into the trust.
Here is the link to the IRS ruling and my annotations.
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.
This is the perfect time to update your personal and company financial records and to sit down with your tax professional for a year-end strategy session. You will be in a better position to see if you can pay into a retirement plan, or buy that equipment you need for your business and do year-end tax planning. This will help you understand the tax position for your company and yourself now. If you are a partner or member of a company/corporation you need to plan for tax consequences of the level of profitability of the company. I urge you to be prepared. Get your records up to date NOW! Make the appointment with your tax professional. You will not stress if you are in the know and have a plan!
We partner with entrepreneurs by going beyond bookkeeping to provide cash flow strategy to help you find the money in your business. Our mission is to provide an effective means for cash flow improvement to organizations throughout the United States. Remember: Knowledge and Power around YOUR Cash Flow are the Keys to your Dreams of Success, Freedom and Peace of Mind. Take Action Today for Success in YOUR Future! For more information go to www.CashFlowStrategist.com or www.TheVirtualBookkeepers.com.
The time is now to get your tax plan together before DECEMBER 31st. With an uneasy economy, an election year and everchanging rules from the IRS, what can you do to ensure you have done everything possible to take advantage of some real savings?
Spend time with us today and listen to Mountaintop University Guru, Bonnie Mackey as she shares great information at the perfect time of the year for all matters on taxation.
Bonnie Mackey is a partner with the firm of Levin, Silvey, Zelko and Mackey, PA
She is an instructor for the Becker Professional Review course, Past-Pres.-FICPA Goldcoast, AWSCPA–S FL Aff. & NDSB Estate Planning Council, Nat'l Dir.-Publications/AWSCPA, Treas/ Broward County Guardianship Assn, member of AICPA, FICPA & WECAI, on Trust Advisory Comm. for CareSource and its VP, an expert witness for guardianship accounting, and FICPA Ethics course instructor.
You can contact Bonnie directly at:http://www.lszcpa.com and read her blog at http://www.mountaintopuniversity.com where we are proud to have her as one of our many top experts that we call Gurus.
Have you ever felt like other tax payers don't pay their fair share. I will teach you how to reduce your fair share to compare to those taxpayers. If you are running a small business and paying 25% of your income in tax I will show you how to cut that down by 15%. Please listen in and send in any questions you may have to taxreductionspecialist.com
Google and General Electric have been slammed in the press for having a Great Tax Team.
GE paid no U.S. income tax... Google is did better. They will have a negative U.S. income tax.
Great Tax Teams do much more than mere tax planning.
This episode will teach you all you need to know to get your CPA and attorney to be a Great Tax Team. Learn about Google's innovative tax planning in fifteen minutes.
This is the first part of a two part series. This Part One covers the basic tax law of private money.
Private money is used today by business. Recently, small bussinesses Berkshire County in Western Massuchutes have taken the lead. Here is a PBS article on their success.
The tax savings are enormous and IRS approved.
For example, coupons and gift cards are in private money in bearer form. Disney money started in 1995.
In most cases, private money is redeemable in product or services and not in U.S. dollars.
Meanwhile, the IRS has announced when payment in U.S. dollars for your private money is not taxed.
For centuries, private money has been used in the UK and Europe. Now, innovative tax planners' clients are creating private money to save taxes.
Yes, I am talking about private money used for related party tax savings. Now, is the time for you to create and store your private money for tax planning in the future. Virtual currency can be used for related party private money.
Why now? The Federal Reserve loose money policy effects the tax law on private money. Printing your private money, now, creates a powerful and unique tax saving asset if we have inflation.
What if there is no inflation? You merely cancel your related party private money.
Well, this is enough in writing. To learn new tax planning ideas, listen in.
And for those needing more, including the IRS rules, visit our blog on this link.
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.
On today's show No BS Money Guy Todd Strobel interviews Tax Expert and creator of Master Your Taxes, Chris Anderson.
The IRS is large and very powerful and often will ask for information they should not. You need to know your rights and how to protect them,
Join Host Live Chats
- High Frequency Radio Network (26 chatters)
- Standard Publishing (19 chatters)
- Jay King Network (12 chatters)
- TonyWolfPaw (8 chatters)
- Psychic Stephen (6 chatters)
- Clay Douglas (4 chatters)
- Tracey and Friends (4 chatters)
- christianpsychicbrendabradshaw (3 chatters)
- rex sikes (2 chatters)
- Joyce BarrieFriends (2 chatters)
- Two Moms on a Borough (2 chatters)
- Tarhaka (2 chatters)
- The Emotional Pro (1 chatters)
- A Proverb A Prayer and A Miracle (1 chatters)
- AgingYounger (1 chatters)