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Tax Strategies To Starve The IRS

Tax Strategies To Starve The IRS

FromThe Candy Valentino Show


Tax Strategies To Starve The IRS

FromThe Candy Valentino Show

ratings:
Length:
11 minutes
Released:
Jan 2, 2023
Format:
Podcast episode

Description

There are a few key things you should be talking with your tax specialist about in the new year. In this episode, I highlight how you can reduce your taxable income through the Augusta Rule, utilizing your kids on payroll, and structuring your rental property income. There are so many ways to move money out of your business and put it into your pocket tax-free, so listen in to see how you can take advantage of these three strategies.    IN THIS EPISODE, WE TALK ABOUT: Examples of how to use the Augusta Rule in your business  Why you might want to set up a custodial Roth IRA for your child  What to keep in mind before putting your child on your payroll  Earned income tax versus short-term gains on a property  Why I recommend looping all your income properties together into one LLC   RESOURCES:  Learn more from me and proven business experts by signing up for one of my many online courses.   CONNECT WITH CANDY Follow me: @candyvalentino Buy your copy of Wealth Habits: wealthhabitsbook.comJoin Founders Organization 
Released:
Jan 2, 2023
Format:
Podcast episode

Titles in the series (100)

Stop spending and start investing. The definition of “wealth” is an abundance of valuable possessions or money. But it's time to think outside the dictionary as we break down all the ways you can increase your financial wealth -- your business, your bank account and your bottom line. Join host, Candy Valentino, every week to cover topics like business models, profit plans, wealth habits and real estate investing. Candy has been building businesses before she could legally order a drink. For more than two decades, she has built, scaled and exited businesses in service and retail all while creating financial freedom through real estate investing. Listen in on conversations with the most successful minds in the world, like Daymond John, Ed Mylett and Amy Lacey, alongside lessons directly from Candy leveraging her 25 years of knowledge and experience. Why focus on becoming rich, when the true goal is to become wealthy (and not just in your finances). It doesn't matter if you are a part of Generation X, Y or Z… It's time to join Generation WEALTH. Let's start investing. For more, follow Candy @candyvalentino.