5 Top Year End Tax Strategies
7:02
IRS Audits Augusta Rule and Wins
14:37
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@valhallaLord
@valhallaLord Күн бұрын
do you also have knowledge about german taxes?
@borismusheyevcpa
@borismusheyevcpa Күн бұрын
Hey Everyone, Boris here. Make sure you check out these links. 🆓 Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know - www.7TaxWriteOffs.com ☎️ Schedule your FREE Tax Advisory Session - www.TaxPlanningCall.com 👉 Make sure you SUBSCRIBE so you do not miss out on future tax-saving tips and strategies - bit.ly/3AXHUtM
@borismusheyevcpa
@borismusheyevcpa Күн бұрын
Hey Everyone, Boris here. Make sure you check out these links. 🆓 Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know - www.7TaxWriteOffs.com ☎️ Schedule your FREE Tax Advisory Session - www.TaxPlanningCall.com 👉 Make sure you SUBSCRIBE so you do not miss out on future tax-saving tips and strategies - bit.ly/3AXHUtM
@geraldrate8752
@geraldrate8752 Күн бұрын
Debt is stupid to have, why do you want other people's money? Can't earn your own I guess.
@lydiahagos5178
@lydiahagos5178 Күн бұрын
Crypto is the future, We are transitioning to digital, and fiat currency is dying. It is on stand course it is about to explode.
@henryd491
@henryd491 Күн бұрын
Hi Boris. If my spouse has their own LLC taxed as an S-Corp, but she uses a payroll company that offers health insurance options (her W2 is from the payroll company, not her S-Corp), would that disqualify me if I am otherwise eligible? Also, would I need to be the primary insured on our health insurance (currently she is primary on a joint plan)?
@mariomorasoto7795
@mariomorasoto7795 2 күн бұрын
You must be a liar man it's big time how could text maybe when you give you a break man are you serious are you serious might as well tell him tell them to give you cash so tell the tax to give you a cash don't say you know text leave me some cash and I'm going to go invest your cash that you taking my cash I'm going to take your cash let it to me you talking smack man
@PuffinDzul
@PuffinDzul 2 күн бұрын
I hate this background music
@freelancerkamal
@freelancerkamal 2 күн бұрын
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@burningempire666
@burningempire666 2 күн бұрын
I get his logic, but why go through all that chasing your own tail? Just make the millions of dollars and live your life.
@caesar90291
@caesar90291 2 күн бұрын
Fraud .Fraud.😅
@Andres_853
@Andres_853 2 күн бұрын
I’ve been contributing to my Solo 401(k), but with new tax laws and the rising cost of living, I’m wondering if there are additional moves I should make to optimize my taxes and retirement savings.
@Toby-h5p
@Toby-h5p 2 күн бұрын
You’re absolutely right to focus on this! Many S-Corporation owners overlook opportunities to maximize tax efficiency. Beyond a Solo 401(k), strategies like profit-sharing contributions, defined benefit plans, or even setting up a SEP IRA could significantly boost retirement savings while lowering taxable income.
@Robby767
@Robby767 2 күн бұрын
After years of trial and error, I’ve found a strategy that works for me. By leveraging a defined benefit plan, I’ve been able to contribute over $250,000 annually, significantly reducing my taxable income. In combination with profit-sharing through my S-Corp, I’ve built a nest egg of over $5.1 million. Now, as I approach retirement, I’m using Roth conversions to take advantage of lower tax brackets and manage my future tax liability.
@Larry1-pl2wq
@Larry1-pl2wq 2 күн бұрын
That’s a smart approach! I’ve been exploring similar strategies but need help navigating the details. Do you have any recommendations for a tax advisor who specializes in S-Corporation retirement planning?
@Robby767
@Robby767 2 күн бұрын
Absolutely. My CFP, Peter Dewitt Martin, specializes in helping S-Corp owners optimize their tax strategies for retirement. His expertise in tax planning and retirement savings has been invaluable to me. He takes a holistic approach, considering everything from retirement contributions to tax brackets, and has saved me thousands over the years.
@Pierce-p7f
@Pierce-p7f 2 күн бұрын
Thank you so much for the suggestion! I really needed it. I looked him up on Google and explored his website; he has an impressive background in investments. I've sent him an email, and I hope to hear back from him soon
@WGTBSFR
@WGTBSFR 2 күн бұрын
Fvckin Jews
@Johnwhite-c3n
@Johnwhite-c3n 3 күн бұрын
Solo 401(k)s can be incredibly powerful tax-saving tools, but the $61,000 figure likely refers to the maximum combined contribution limit for both employee and employer contributions. It's important to understand the specific rules and limitations to ensure you're maximizing your contributions legally and effectively.
@SergioRomano-nj8eb
@SergioRomano-nj8eb 3 күн бұрын
I used a Solo 401(k) to significantly reduce my tax liability last year. I was able to contribute a substantial amount, and the tax savings were substantial. However, it's crucial to consult with a tax professional to ensure you're maximizing your contributions within the legal limits and avoiding any potential penalties.
@roseyfischer
@roseyfischer 3 күн бұрын
I'm not familiar with the intricacies of Solo 401(k)s. I'm concerned about the eligibility requirements and the potential complexities involved in setting up and managing one. Could you recommend a qualified tax advisor who specializes in retirement planning and tax strategies for self-employed individuals?
@SergioRomano-nj8eb
@SergioRomano-nj8eb 3 күн бұрын
My CFP, Peter Dewitt Martin, is an expert in this area. He can guide you through the process of setting up and contributing to a Solo 401(k), ensuring you maximize your contributions while staying compliant with all IRS regulations.
@louisahernandez
@louisahernandez 3 күн бұрын
I'm interested in exploring more sophisticated investment strategies, but I'm not sure where to begin. I'm looking for guidance from a financial professional who can help me navigate the complexities of wealth building. Thank you
@FedrickWhite-jo2ed
@FedrickWhite-jo2ed 3 күн бұрын
Thank you so much for the suggestion! I really needed it. I looked him up on Google and explored his website; he has an impressive background in investments. I've sent him an email, and I hope to hear back from him soon
@borismusheyevcpa
@borismusheyevcpa 3 күн бұрын
Hey Everyone, Boris here. Make sure you check out these links. 🆓 Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know: bit.ly/download7TaxWriteOffs ☎️ Schedule your FREE Tax Advisory Session - www.TaxPlanningCall.com 👉 Make sure you SUBSCRIBE so you do not miss out on future tax-saving tips and strategies - bit.ly/3AXHUtM
@borismusheyevcpa
@borismusheyevcpa 3 күн бұрын
Hey Everyone, Boris here. Make sure you check out these links. 🆓 Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know: bit.ly/download7TaxWriteOffs ☎️ Schedule your FREE Tax Advisory Session - www.TaxPlanningCall.com 👉 Make sure you SUBSCRIBE so you do not miss out on future tax-saving tips and strategies - bit.ly/3AXHUtM
@borismusheyevcpa
@borismusheyevcpa 3 күн бұрын
Hey Everyone, Boris here. Make sure you check out these links. 🆓 Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know: bit.ly/download7TaxWriteOffs ☎️ Schedule your FREE Tax Advisory Session - www.TaxPlanningCall.com 👉 Make sure you SUBSCRIBE so you do not miss out on future tax-saving tips and strategies - bit.ly/3AXHUtM
@borismusheyevcpa
@borismusheyevcpa 3 күн бұрын
Hey Everyone, Boris here. Make sure you check out these links. 🆓 Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know: bit.ly/download7TaxWriteOffs ☎️ Schedule your FREE Tax Advisory Session - www.TaxPlanningCall.com 👉 Make sure you SUBSCRIBE so you do not miss out on future tax-saving tips and strategies - bit.ly/3AXHUtM
@kellybrown835
@kellybrown835 3 күн бұрын
Love this video. Finally a reason to be excited about tax season. I think I can qualify for this deduction.
@borismusheyevcpa
@borismusheyevcpa 3 күн бұрын
Hey Everyone, Boris here. Make sure you check out these links. 🆓 Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know: bit.ly/download7TaxWriteOffs ☎️ Schedule your FREE Tax Advisory Session - www.TaxPlanningCall.com 👉 Make sure you SUBSCRIBE so you do not miss out on future tax-saving tips and strategies - bit.ly/3AXHUtM
@borismusheyevcpa
@borismusheyevcpa 3 күн бұрын
Hey Everyone, Boris here. Make sure you check out these links. 🆓 Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know: bit.ly/download7TaxWriteOffs ☎️ Schedule your FREE Tax Advisory Session - www.TaxPlanningCall.com 👉 Make sure you SUBSCRIBE so you do not miss out on future tax-saving tips and strategies - bit.ly/3AXHUtM
@ChemicalXII
@ChemicalXII 3 күн бұрын
" 😐 . But capital gains is roughly 20%, so $1,800,000 in taxes on $9,000,000. That would leave the seller with $7,200,000 in profit after taxes vs. $5,000,000 without taxes. However, the $5,000,000 person still has the property to earn them more cash. 😐 .".
@borismusheyevcpa
@borismusheyevcpa 4 күн бұрын
Hey Everyone, Boris here. Make sure you check out these links. 🆓 Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know: bit.ly/download7TaxWriteOffs ☎️ Schedule your FREE Tax Advisory Session - www.TaxPlanningCall.com 👉 Make sure you SUBSCRIBE so you do not miss out on future tax-saving tips and strategies - bit.ly/3AXHUtM
@MiteshSura
@MiteshSura 4 күн бұрын
I am in Texas, there is no state income tax. Can I still use PTET?
@borismusheyevcpa
@borismusheyevcpa Күн бұрын
Hey! Great question. Feel free to book a call at www.TaxPlanningCall.com and we can go over this :) Thanks, Boris
@borismusheyevcpa
@borismusheyevcpa 4 күн бұрын
Hey Everyone, Boris here. Make sure you check out these links. 🆓 Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know: bit.ly/download7TaxWriteOffs ☎️ Schedule your FREE Tax Advisory Session - www.TaxPlanningCall.com 👉 Make sure you SUBSCRIBE so you do not miss out on future tax-saving tips and strategies - bit.ly/3AXHUtM
@RichLifeMY
@RichLifeMY 4 күн бұрын
He sleeps well every night with that billions of debt. 😮
@eataxpros
@eataxpros 4 күн бұрын
This is such an amazing summary! Great breakdown. Thank you so much Boris, you're the best!
@borismusheyevcpa
@borismusheyevcpa 4 күн бұрын
Hey Everyone, Boris here. Make sure you check out these links. 🆓 Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know: bit.ly/download7TaxWriteOffs ☎️ Schedule your FREE Tax Advisory Session - www.TaxPlanningCall.com 👉 Make sure you SUBSCRIBE so you do not miss out on future tax-saving tips and strategies - bit.ly/3AXHUtM
@borismusheyevcpa
@borismusheyevcpa 5 күн бұрын
Hey Everyone, Boris here. Make sure you check out these links. 🆓 Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know: bit.ly/download7TaxWriteOffs ☎️ Schedule your FREE Tax Advisory Session - www.TaxPlanningCall.com 👉 Make sure you SUBSCRIBE so you do not miss out on future tax-saving tips and strategies - bit.ly/3AXHUtM
@Lola-gu1wx
@Lola-gu1wx 5 күн бұрын
This man is 100% correct.
@borismusheyevcpa
@borismusheyevcpa 5 күн бұрын
Hey Everyone, Boris here. Make sure you check out these links. 🆓 Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know: bit.ly/download7TaxWriteOffs ☎ Schedule your FREE Tax Advisory Session - www.TaxPlanningCall.com 👉 Make sure you SUBSCRIBE so you do not miss out on future tax-saving tips and strategies - bit.ly/3AXHUtM
@user-me4od1qe6r
@user-me4od1qe6r 5 күн бұрын
Really appreciate the information you are sharing!
@AIFinanceCompass-s7v
@AIFinanceCompass-s7v 5 күн бұрын
Absolutely 💯
@borismusheyevcpa
@borismusheyevcpa 6 күн бұрын
Hey Everyone, Boris here. Make sure you check out these links. 🆓 Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know: bit.ly/download7TaxWriteOffs ☎️ Schedule your FREE Tax Advisory Session - www.TaxPlanningCall.com 👉 Make sure you SUBSCRIBE so you do not miss out on future tax-saving tips and strategies - bit.ly/3AXHUtM
@borismusheyevcpa
@borismusheyevcpa 6 күн бұрын
Hey Everyone, Boris here. Make sure you check out these links. 🆓 Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know: bit.ly/download7TaxWriteOffs ☎️ Schedule your FREE Tax Advisory Session - www.TaxPlanningCall.com 👉 Make sure you SUBSCRIBE so you do not miss out on future tax-saving tips and strategies - bit.ly/3AXHUtM
@borismusheyevcpa
@borismusheyevcpa 6 күн бұрын
Hey Everyone, Boris here. Make sure you check out these links. 🆓 Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know: bit.ly/download7TaxWriteOffs ☎️ Schedule your FREE Tax Advisory Session - www.TaxPlanningCall.com 👉 Make sure you SUBSCRIBE so you do not miss out on future tax-saving tips and strategies - bit.ly/3AXHUtM
@borismusheyevcpa
@borismusheyevcpa 6 күн бұрын
Hey Everyone, Boris here. Make sure you check out these links. 🆓 Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know: bit.ly/download7TaxWriteOffs ☎️ Schedule your FREE Tax Advisory Session - www.TaxPlanningCall.com 👉 Make sure you SUBSCRIBE so you do not miss out on future tax-saving tips and strategies - bit.ly/3AXHUtM
@laurahano2587
@laurahano2587 6 күн бұрын
I have more money than Robert. That's interesting. Turns out cash really is king.
@DirtyDaddyDark
@DirtyDaddyDark 6 күн бұрын
Can’t stand how this dude talks it drives me nuts lol
@ovidiupop8816
@ovidiupop8816 6 күн бұрын
Nobody believe you dude...
@peeweegunz1678
@peeweegunz1678 7 күн бұрын
I never understood how or why this works. Sure you buy property and use it as colladeral to take on loans which you then use to buy more property etc. But you'd be stuck in a endless cyckle of purchasing property to taken on loans thus accumulating more debt which even with a low interest rate will eventually be such a high amount that the bubble will burst no? and since the property is used as colladeral the bank will eventuall own it all. Also no wonder the housing market is super inflated
@NoahSparks-y6s
@NoahSparks-y6s 7 күн бұрын
THIS GUY IS GOING TO BORROW HIMSELF INTO AN EARLY GRAVE I DONT KNOW HOW HE ESCAPED THE TRAUMA OF BEING IN THE MUCH DEBT HE SOUNDS LIKE A 10 YEAR OLD WHO FINALLY DISCOVERS CHEATS FOR GTA THIS GUY IS MARRIED TO DEBT
@borismusheyevcpa
@borismusheyevcpa 7 күн бұрын
Hey Everyone, Boris here. Make sure you check out these links. 🆓 Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know: bit.ly/download7TaxWriteOffs ☎️ Schedule your FREE Tax Advisory Session - www.TaxPlanningCall.com 👉 Make sure you SUBSCRIBE so you do not miss out on future tax-saving tips and strategies - bit.ly/3AXHUtM