taxalchemy

JOIN THE TAX-FREE WEALTH CHALLENGE NOW! MARCH 18-22 2024! https://www.thetaxfreewealthchallenge.com/join-thechallenge Timecodes 0:00 Video Overview 0:29 Owner's Distributions 1:13 Reasonable Salary 3:23 401(k) 4:39 The Augusta Rule 6:28 Family Management Company Taking the Next Step: Download the Short-Term Rental Rule E-Book! ▶ https://ebook.taxalchemy.com Book a Professional Tax Strategy Consultation ▶ https://msgsndr.com/l/UJizByOClF Watch this FREE Webinar on how to Use Real Estate To Offset W2/1099 Taxes ▶ https://taxreduction.link/taxsaver Get Help Setting up Your LLC, Now ▶ https://shareasale.com/r.cfm?b=617326&u=2911896&m=53954&urllink&afftrack *Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you. #SCorp #TaxStrategies

JOIN THE TAX-FREE WEALTH CHALLENGE NOW! MARCH 18-22 2024! https://www.thetaxfreewealthchallenge.com/join-thechallenge Timecodes 0:00 Video Overview 0:23 What is the Child Tax Credit? 0:58 Child Tax Credit Changes 4:00 CTC Rules During COVID 5:23 Income vs No Income 7:00 What Will Happen to the CTC? Taking the Next Step: Download the Short-Term Rental Rule E-Book! ▶ https://ebook.taxalchemy.com Book a Professional Tax Strategy Consultation ▶ https://msgsndr.com/l/UJizByOClF Watch this FREE Webinar on how to Use Real Estate To Offset W2/1099 Taxes ▶ https://taxreduction.link/taxsaver Get Help Setting up Your LLC, Now ▶ https://shareasale.com/r.cfm?b=617326&u=2911896&m=53954&urllink&afftrack *Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you. #taxes #taxfreeliving #taxexpert #taxreduction #llc

JOIN THE TAX-FREE WEALTH CHALLENGE NOW! AUGUST 5-9 2024! https://join.taxalchemy.com/join-thechallenge?utm_source=youtube Join The Tax Strategy Accelerator Community ⬇️ https://www.taxstrategyaccelerator.com/?utm_source=youtube Download the Short-Term Rental Rule E-Book! ▶ https://ebook.taxalchemy.com/?utm_source=youtube Book a Professional Tax Strategy Consultation ▶ https://www.taxalchemy.com/consultation-survey?utm_source=youtube Watch this FREE Webinar on How to Cut Your Tax Bill in Half as a Real Estate Investor ▶ https://join.taxalchemy.com/registration?utm_source=youtube Get Help Setting up Your LLC, Now ▶ https://shareasale.com/r.cfm?b=617326... Timecodes 0:00 Video Overview 0:21 Maxing Out Your 401k 1:22 Optimize Your Home Office Deduction 3:18 Short-Term Rental Real Estate 4:37 529 Plan 5:54 Migrating States If you want to save a lot of money in taxes, then you need to know some great tax strategies. It’s that simple. Unfortunately, many people never take the time to learn tax-planning strategies and this causes them to miss out on a large amount of tax savings that they would otherwise be able to receive. In this video, tax expert Karlton Dennis breaks down five excellent tax-planning strategies that are highly relevant for 2024. These tax-planning strategies include maxing out 401(k)s, taking advantage of 529 plans, and more. He also explains how to optimize the home office deduction for larger tax savings. Some of the tax-planning strategies mentioned in this video are more complicated than others. However, many people should be able to implement at least one or two of these with relative ease if they want to. Anyone who needs assistance with these strategies can get help from a tax strategist.

JOIN THE TAX-FREE WEALTH CHALLENGE NOW! AUGUST 5-9 2024! https://join.taxalchemy.com/join-thechallenge?utm_source=youtube JOIN THE TAX-FREE WEALTH CHALLENGE NOW! MARCH 18-22 2024! https://join.taxalchemy.com/join-thechallenge?utm_source=youtube-thechallenge BOI with Tailor Brands link: https://tailorbrands.go2cloud.org/aff_c?offer_id=60&aff_id=3230 LLC 35% off for Karlton's viewers: https://tailorbrands.go2cloud.org/aff_c?offer_id=62&aff_id=3230 Taking the Next Step: Download the Short-Term Rental Rule E-Book! ▶ https://ebook.taxalchemy.com Book a Professional Tax Strategy Consultation ▶ https://msgsndr.com/l/UJizByOClF Watch this FREE Webinar on how to Use Real Estate To Offset W2/1099 Taxes ▶ https://taxreduction.link/taxsaver Timecodes 0:00 Video Overview 0:33 Tailor Brands 1:50 New Anti-Money Laundering Law 3:02 You're Required to Act Now 4:46 Filing the BOI Report 5:21 FinCEN Financial Scam Attempts 6:07 How to Avoid Being Scammed 6:50 Consequences of Not Complying Business owners, the Corporate Transparency Act is now in full effect. That means that it is time to start complying with this new law or face the consequences. The Corporate Transparency Act is an anti-money laundering law that is designed to prevent financial crime by increasing corporate ownership transparency in America. In this video, tax expert Karlton Dennis provides an update on the Corporate Transparency Act and explains several new changes that have occurred for this law. These changes are primarily related to filing dates. However, there are a number of other developments that you don’t want to miss. If you own a business that is required to provide a “beneficial ownership information” or “BOI” report to FinCEN in order to comply with the CTA, then this is the perfect video for you to watch. Karlton Dennis explains exactly how to file these reports with FinCEN, including the three different options for doing so, and other key information you need to know. *Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you. #corporatetransparencyact #boi #llc #scorp

THE THREE-DAY TAX ALCHEMY REAL ESTATE INVESTOR (REI) SUMMIT NOW http://join.taxalchemy.com/join-thesu... TAKING THE NEXT STEP: Join The Tax Strategy Accelerator Community ▶ https://www.taxstrategyaccelerator.co... Download the Short-Term Rental Rule E-Book! ▶ https://ebook.taxalchemy.com/?utm_sou... Book a Professional Tax Strategy Consultation ▶ https://www.taxalchemy.com/consultati... Watch this FREE Webinar on How to Cut Your Tax Bill in Half as a Real Estate Investor ▶ https://join.taxalchemy.com/registrat... Get Help Setting up Your LLC, Now ▶ https://shareasale.com/r.cfm?b=617326... Every year, thousands of taxpayers fail to get their tax refunds in a reasonable amount of time after filing their returns. If you do not get your tax refund, then it can present you with an inconvenience that can be stressful and tedious to deal with. If you don’t get your refund quickly, it means it can take longer for you to access and use the funds. In this video, tax expert Karlton Dennis explains in detail why some people do not get their refunds soon after filing their taxes. There could be many different reasons why a refund could be late. For example, some people get their refunds late because there are errors in their tax returns, or there is a Social Security mismatch. Sometimes errors are made by the IRS, and sometimes errors are made by individuals. However, there is also significant tax fraud in the United States. So, it is also possible that this has happened to people who do not receive their tax refunds. Watch this video to learn the different reasons why your tax refund could be late.

Timecodes 0:00 This Can Kill Your Goals 1:59 Don't Let This Pressure Set You Back 4:52 How I Was Able to Break My Process 9:00 Relieve Yourself from the Societal Norms Taking the Next Step: Join The Tax Strategy Accelerator Community ⬇️ https://www.taxstrategyaccelerator.com/?utm_source=youtube Download the Short-Term Rental Rule E-Book! ▶ https://ebook.taxalchemy.com/?utm_source=youtube Book a Professional Tax Strategy Consultation ▶ https://www.taxalchemy.com/consultation-survey?utm_source=youtube Watch this FREE Webinar on How to Cut Your Tax Bill in Half as a Real Estate Investor ▶ https://join.taxalchemy.com/registration?utm_source=youtube Get Help Setting up Your LLC, Now ▶ https://shareasale.com/r.cfm?b=617326... *Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you. #taxes #taxfreeliving #taxexpert #taxreduction #llc

Timecodes 0:00 The Difference Between Saving and Investing 0:37 Why You Should Save First 2:58 Investing Into Rental Real Estate 4:55 Real Estate vs. 401K Plan 6:31 Wealthy Investors Are Doing This Taking the Next Step: Join The Tax Strategy Accelerator Community ⬇️ https://www.taxstrategyaccelerator.com/?utm_source=youtube Download the Short-Term Rental Rule E-Book! ▶ https://ebook.taxalchemy.com/?utm_source=youtube Book a Professional Tax Strategy Consultation ▶ https://www.taxalchemy.com/consultation-survey?utm_source=youtube Watch this FREE Webinar on How to Cut Your Tax Bill in Half as a Real Estate Investor ▶ https://join.taxalchemy.com/registration?utm_source=youtube Get Help Setting up Your LLC, Now ▶ https://shareasale.com/r.cfm?b=617326... *Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you. #SavingVSInvesting #InvestSmart #RealEstate

Join the Free Tax Strategy Accelerator Community! ▶ https://www.taxstrategyaccelerator.com/join Download the Short-Term Rental Rule E-Book! ▶ https://ebook.taxalchemy.com Book a Professional Tax Strategy Consultation ▶ https://msgsndr.com/l/UJizByOClF Watch this FREE Webinar on how to Use Real Estate To Offset W2/1099 Taxes ▶ https://taxreduction.link/taxsaver Get Help Setting up Your LLC, Now ▶ https://shareasale.com/r.cfm?b=617326... Timecodes 0:00 Video Overview 0:32 Tax Benefits & Limitations of Real Estate 2:09 Why this Loophole is Important 4:08 Short-Term Rental Loophole 5:28 Accelerated Depreciation 9:26 Material Participation *Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you. #taxes #taxfreeliving #taxexpert #taxreduction #llc

To manage your tax-saving businesses, I recommend our sponsor, Nextiva. Get 50% off with my link: https://trynextiva.com/karlton Timecodes 0:00 Video Overview 0:34 Tax Deductible Investment 1:01 Rental Real Estate 5:19 Oil & Gas 8:07 Traditional 401K 9:08 Traditional IRA 9:59 Health Savings Account 11:10 Key Points JOIN THE TAX-FREE WEALTH CHALLENGE NOW! MARCH 18-22 2024! https://www.thetaxfreewealthchallenge.com/join-thechallenge Taking the Next Step: Download the Short-Term Rental Rule E-Book! ▶ https://ebook.taxalchemy.com Book a Professional Tax Strategy Consultation ▶ https://msgsndr.com/l/UJizByOClF Watch this FREE Webinar on how to Use Real Estate To Offset W2/1099 Taxes ▶ https://taxreduction.link/taxsaver Get Help Setting up Your LLC, Now ▶ https://shareasale.com/r.cfm?b=617326&u=2911896&m=53954&urllink&afftrack *Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you. #5Investments #ReduceYourTaxes #2024

FREE Webinar: Best Write-Offs For New LLC Owners In 2024! https://taxfreewealthwebinar.com/webinar-optin-1 JOIN THE TAX-FREE WEALTH CHALLENGE NOW! MARCH 18-22 2024! https://www.thetaxfreewealthchallenge.com/join-thechallenge Taking the Next Step: Download the Short-Term Rental Rule E-Book! ▶ https://ebook.taxalchemy.com Book a Professional Tax Strategy Consultation ▶ https://msgsndr.com/l/UJizByOClF Watch this FREE Webinar on how to Use Real Estate To Offset W2/1099 Taxes ▶ https://taxreduction.link/taxsaver Get Help Setting up Your LLC, Now ▶ https://shareasale.com/r.cfm?b=617326&u=2911896&m=53954&urllink&afftrack *Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

Many people want to invest in assets with great tax advantages. However, a lot of investors struggle to find the best tax-deductible investments. Certain oil and gas investments can provide outstanding tax benefits. Savvy investors who put their money into specific oil and gas investments can enjoy an array of tax deductions. In this video, tax expert Karlton Dennis explains the key tax benefits of oil and gas investing. These investments include massive deductions for drilling costs, tax exemptions for percentages of cash flow, the ability to offset W-2 and 1099 income, and more. The tax benefits vary from investment to investment. In addition to explaining some of the best tax benefits of oil and gas investing, Karlton also breaks down four of the most common ways to invest in the oil and gas sector. These options include working interests, royalty interests, and more. Each of these options has its pros and cons. Karlton explains them all. Taking the Next Step: Download the Short-Term Rental Rule E-Book! ▶ https://ebook.taxalchemy.com Book a Professional Tax Strategy Consultation ▶ https://msgsndr.com/l/UJizByOClF Watch this FREE Webinar on how to Use Real Estate To Offset W2/1099 Taxes ▶ https://taxreduction.link/taxsaver Get Help Setting up Your LLC, Now ▶ https://shareasale.com/r.cfm?b=617326&u=2911896&m=53954&urllink&afftrack *Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you. #OilandGas #TaxBenefits #EnergySector

Many business owners choose to run multiple business operations under a single LLC. While it is true that having an LLC can protect you from certain liabilities, if you put too many business operations under one LLC, it can actually create a lot of financial risk. This is because if all of your business operations are under one LLC, then liabilities from one operation can potentially spill over into another operation and put that operation at risk. Business owners can protect themselves from such liability catastrophes by using a “series LLC.” In this video, tax expert Karlton Dennis fully explains series LLCs including what they are, how they work, and how to use them correctly to protect business operations from major financial risks. He also breaks down who should have them and which states allow them. JOIN THE TAX-FREE WEALTH CHALLENGE NOW! MARCH 18-22 2024! https://www.thetaxfreewealthchallenge.com/join-thechallenge Taking the Next Step: Download the Short-Term Rental Rule E-Book! ▶ https://ebook.taxalchemy.com Book a Professional Tax Strategy Consultation ▶ https://msgsndr.com/l/UJizByOClF Watch this FREE Webinar on how to Use Real Estate To Offset W2/1099 Taxes ▶ https://taxreduction.link/taxsaver Get Help Setting up Your LLC, Now ▶ https://shareasale.com/r.cfm?b=617326&u=2911896&m=53954&urllink&afftrack *Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.