Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

REPLAY - Wealth Series 2.0 - Episode 15 - Advanced Tax Strategies

REPLAY - Wealth Series 2.0 - Episode 15 - Advanced Tax Strategies

FromWin Make Give with Ben Kinney


REPLAY - Wealth Series 2.0 - Episode 15 - Advanced Tax Strategies

FromWin Make Give with Ben Kinney

ratings:
Length:
60 minutes
Released:
Oct 9, 2023
Format:
Podcast episode

Description

*The giveaway has now closed. Did you know the tax code offers multiple incentives that anyone, not just the wealthy, can use to reduce their tax burden? In episode fifteen of Wealth Series 2.0, Ben Kinney, Bob Stewart, and Chad Hyams talk with tax consultant, CPA, and Rich Dad Advisor® Tom Wheelwright about his newest book,  “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make,” and how certain activities earn sizeable tax deductions.  Disclaimer: You should not use our advice to make financial decisions. We highly recommend you seek professional advice from someone authorized to provide investment and retirement advice. In this episode, we cover the following: Educating yourself about the tax codes [1:30]   Partnering with the government [5:56] What does it really mean to pay less tax? [8:32]  Tax deductions with traditional retirement accounts [10:49] Benefits of using non-qualifying retirement plans [14:30] Tax deductions using stocks [18:30] Donating stocks and donor-advised funds [18:40] Why the government wants you to invest in real estate [22:15] Buying investment properties [23:10] Standard and bonus depreciation [26:38] Benefits of a 1031 exchange [36:02] Homeownership and tax-free investing [37:45] Tax strategies for business ownership [39:30] Tax benefits of hiring your children [40:30] Deducting business expenses [41:48] Section 1202 tax gain for small business stock [44:45] Home office deductions [46:10] Tax incentives for energy [47:33] Reducing your taxes by using the tax laws [52:56] One sign of a good tax advisor [55:55] 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 15 at https://winmakegive.com/wealth-part-15/ 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
Released:
Oct 9, 2023
Format:
Podcast episode

Titles in the series (100)

An in depth discussion on maximizing your Health, Wealth, Leadership and Legacy.