All Episodes
Episodes
119 - Possibly the worst way to be taxed - and some better alternatives
In the video, I discuss various types of taxable income, focusing on earned wage income, ordinary income, and tax-free income options. I explain how different tax rates apply to each type of income and how strategic...
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118 - Bonus depreciation going away - Here's the alternative using 179
In this video, I explain the changes in bonus depreciation percentages from 2022 to 2024 and introduce the Section 179 Deduction as an alternative. Bonus depreciation has decreased to 60% in 2024, impacting taxable...
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117 - Tips for avoiding the 10% IRA penalty for early withdrawals
Today's video discusses strategies to withdraw money from an IRA without incurring penalties. Key points include the tax benefits of IRAs, options for penalty-free withdrawals, and the importance of documentation for...
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116 - Gift Taxes and Understanding a Gift of Equity
In this episode, I explain the concept of gifting equity, particularly in real estate scenarios, and the associated gift tax implications. I walk through a scenario where parents sell a house to their children at a...
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115 - Is it Deductible? The POND Method
In this video, I introduce the POND method to determine if expenses are deductible for your business or rental property. The acronym POND stands for Purpose, Ordinary, Necessary, and Documentation. I explain how each...
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114 - How to write off travel expenses you're already paying
In this video, I discuss how you can write off travel expenses and maximize your tax savings. I explain the importance of having a valid reason for your trip, such as meeting clients, attending conferences, or...
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113 - Extensions: The Good the Bad and the Ugly
Alright, we have just passed the April 15th deadline for the 2023 tax returns. In this video, I will break down the reasons why we need extensions, when it makes sense to file them, and the potential issues that can...
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112 - Last-Minute Tax Strategies - 5 Things to Consider
Last-Minute Tax Tips: A Quick Guide to April 15th, 2024
As the tax deadline looms closer, it's time for some eleventh-hour tax-saving strategies. Join us as we dive into a rapid-fire rundown of five essential tips to...
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111 - Bement Blueprint - The 3 key entity structures for everyone
In this video, I am excited to share the details of the Beemint blueprint. It consists of three entity structures that can help you build wealth, grow your business, and protect your assets. The structures include an...
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110 - NEW Tax Updates Tax Relief for American Families & Workers Act of 2024
In this episode, I discuss potential tax updates outlined in the Tax Relief for American Families and Workers Act of 2024. These updates include changes to tax credits, business limitations, bonus depreciation, and...
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109 - Get a Tax Deduction for State Taxes You're Already Paying
In this video, I explain how you can get a tax deduction for state taxes that you're already paying. I discuss the problem of the cap on state and local tax deductions, and then present a solution called the...
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108 - Capital Gains & Tax Reduction Strategies
In this video, I discuss how to reduce the tax impact of capital gains. I explain what capital gains are and provide examples. I then share four strategies to minimize the tax burden: investing in opportunity zones,...
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