taxalchemy

JOIN THE TAX-FREE WEALTH CHALLENGE NOW! AUGUST 5-9 2024! https://join.taxalchemy.com/join-thechallenge?utm_source=youtube 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://go.karladennis.com/yt_kda 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&u=2911896&m=53954&urllink=&afftrack= LLCs have been one of the most popular business structures in America for many years now, However, S Corps are rising in popularity. In fact, many people believe that they are the new LLCs. There are now over 5 million S corps in America and counting. Soon, this number could be much higher. In this video, tax expert Karlton Dennis breaks down all of the key reasons why S Corps are becoming the new LLCs and why they are starting to compete with them in terms of popularity. Points he covers include the rules for S Corps, how to set one up, and the advantages that they have over LLCs. If you are someone who is trying to figure out which entity structure to use for a business, then this video can provide you with key S Corp information to help you make your decision. Like LLCs, S Corps have liability protection, but they have a number of other important benefits that LLCs don’t have. CHAPTERS: 0:00 Intro 2:20 LLCs and Self-Employment Taxes 3:36 How S Corps Solve the Problems with LLCs 4:36 What Portion of Your S Corp Income Should You Take as Salary? 6:02 Should You Switch Your LLC to an S Corp? 6:56 Will S Corps Eventually Replace LLCs? 7:59 Rules for Switching Your LLC to an S Corp 8:54 The Bottom Line 9:25 Outro *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. #llc #scorp #businessowner

JOIN THE TAX-FREE WEALTH CHALLENGE NOW! AUGUST 5-9 2024! https://join.taxalchemy.com/join-thec... 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... In the spring of 2024, Donald Trump made some very interesting comments about key tax changes he could make if he is elected president at the end of the year. One of the most interesting of these comments is what he said about tariffs. Trump indicated he could completely replace federal income taxes with tariffs. In this video, tax expert Karlton Dennis breaks down exactly what tariffs are, how they have been used historically, and how a tariff-only tax policy could impact everyday Americans. Many Americans do not fully understand tariffs or how they impact society. Karlton addresses these things. At this time, it is not clear who will win the election, or whether or not Trump will stick with this tariff idea. But, it is within the realm of possibility. So, if you are someone who wants to learn more about Trump’s potential tariff-only tax policy, then this is a good video for you to watch for educational purposes. Timecodes 0:00 Video Overview 0:45 Federal Income Taxed Replaced by Tariffs 1:19 What are Tariffs? 2:21 Are Tariffs Good or Bad 4:03 America’s History With Tariffs 4:56 Will it Work? 5:51 What Do Tariffs Mean For Us? 6:43 Other Changes to Expect *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. #DonaldTrump #Election #AbolishIncomeTax

JOIN THE TAX-FREE WEALTH CHALLENGE NOW! AUGUST 5-9 2024! https://join.taxalchemy.com/join-thechallenge?utm_source=youtube 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&u=2911896&m=53954&urllink=&afftrack= Cryptocurrency investing has been rising in popularity over the past ten years. However, even though more and more people are investing in crypto, many people are confused about how taxation works for cryptocurrency. In this video, tax expert Karlton Dennis explains everything that you need to know about cryptocurrency taxes. This video provides a cryptocurrency tax guide for beginners. It explains whether or not cryptos are taxed, how capital gains taxes work for cryptos, what your crypto tax obligations are if you hold your coins long-term and do not sell, and more. The video also covers how taxes work for cryptocurrency staking, which is another form of generating profit with cryptocurrency in addition to simply holding the underlying assets. Further, the video explains how crypto taxes work if you trade one crypto for another such as Bitcoin for Ethereum or Ethereum for Cardano. CHAPTERS: 0:00 Intro 0:32 Are Cryptocurrencies Taxed? 1:15 HODLers: What if You Don’t Sell Your Crypto? 2:18 How Much Will I Owe in Capital Gains Taxes? 5:37 Trading One Crypto for Another 7:13 Staking Rewards 9:25 Can the IRS Track Crypto Activity? 10:33 Outro *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. #crypto #cryptotaxes #ethereum #cryptocapitalgains

JOIN THE TAX-FREE WEALTH CHALLENGE NOW! AUGUST 5-9 2024! https://join.taxalchemy.com/join-thechallenge?utm_source=youtube 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&u=2911896&m=53954&urllink=&afftrack= Countless entrepreneurs will set up LLCs this year in America. However, a large percentage of them will make critical mistakes that can slow them down significantly. If you are thinking about setting up an LLC, then you are far better off knowing which mistakes to avoid before you get started. In this video, tax expert Karlton Dennis breaks down all of the key mistakes you should avoid when you are setting up your LLC. He also explains everything else you should do before you set up your LLC to make sure that you do not run into key problems that could interrupt your LLC’s growth. Topics that Karlton discusses in this video include which state you should set your LLC up in, virtual addresses, doing bookkeeping correctly, and more. Whether this is your first LLC or your fiftieth, it can be extremely beneficial to know LLC setup best practices in order to get your business up and running smoothly. CHAPTERS: 0:00 Intro 0:20 Set Up Your LLC in Your Own State 1:35 Buy a Virtual Address 2:49 Set Up QuickBooks the Same Day You Start Your Business 4:00 Leave Your Name Off Your LLC 5:46 Have a Lawyer Create an Operating Agreement Before You Start Making Money 7:11 Outro *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. #llc #smallbusiness #taxstrategy #entrepreneur

JOIN THE TAX-FREE WEALTH CHALLENGE NOW! AUGUST 5-9 2024! https://join.taxalchemy.com/join-thechallenge?utm_source=youtube Book a Call with Our Self-Directed Retirement Specialist! ▶ https://directedira.com/karltondennis Chapters: 0:00 Intro 0:20 What are Self-Directed IRAs? 0:55 Benefits of SDIRAs 2:05 Traditional and Roth SDIRAs 2:49 Contribution Limits 3:20 Forbidden Investments in SDIRAs 4:39 How Do SDIRAs Work? 5:43 Who are SDIRAs For? 6:50 How to Make Withdrawals from SDIRAs 7:46 Choosing Which Assets to Put into Your SDIRA 8:40 SDIRA Fees 9:04 Outro Self-directed IRAs are a great retirement plan option for people who do not want to be limited to traditional investments. With self-directed IRAs, you can add many different alternative investments to your account such as precious metals, real estate, and even cryptocurrencies like Bitcoin or Ethereum. In this video, tax expert, Karlton Dennis explains everything you need to know about self-directed IRAs, or SDIRAs as they are commonly referred to. He covers topics such as the benefits of SDIRAs, whether they are available as traditional or Roth accounts, what their contribution limits are, and more. If you are someone who wants to be able to add many different types of investments to your retirement plan besides stocks, bonds, and CDs, then SDIRAs could be a great option for you. This video will teach you all of the basics of getting started with an SDIRA. So, if you want to learn about self-directing your IRA, then this video is for you! 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&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. #selfdirectedira #sdira #retirementplanning

JOIN THE TAX-FREE WEALTH CHALLENGE NOW! AUGUST 5-9 2024! https://join.taxalchemy.com/join-thechallenge?utm_source=youtube 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&u=2911896&m=53954&urllink=&afftrack= Many people are aware that the ultra-wealthy use powerful tax savings strategies to dramatically reduce their tax burdens. However, even though they know this, many people have no idea what techniques and strategies the wealthy actually use to save a fortune in taxes. In this video, tax expert Karlton Dennis goes over some of the key tax moves that the wealthiest 1 percent of Americans use year-in and year-out to save a tremendous amount of money in taxes. He not only explains what these strategies are, but exactly how they work to reduce tax. So, if you have been wondering how it is possible for the richest Americans to pay lower tax rates than many average earners, then this is the video for you. It is possible to implement a lot of these tax strategies without necessarily having to be a high earner or be a part of a high-earning family. Timecode 0:00 Video Overview 0:23 How the Rich Use Income Shifting to Save Big 1:23 How Depreciation Helps the Wealthy Cut Taxes 2:19 Slash Your Tax Bill with 4 Effective Tax Credits *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 Chapters: 0:00 Intro 0:31 Startup and Organizational Costs 2:11 Vehicle Expenses 4:03 Marketing and Advertising 5:27 Home Office Deductions 7:58 Office Space Rent 9:15 Outro If you own an LLC, then it is critical to know the best write-offs that you are eligible for. This is because the more write-offs you can take, and the more powerful these write-offs are, the more money you can save in taxes. When you save money in taxes, it gives you more capital to reinvest into your business, keep in your bank account, spend on your family, etc. In this video, tax expert Karlton Dennis explains 5 of the best write-offs that new business owners can take advantage of in 2023. These write-offs include startup and organizational costs, vehicle expenses, and more. Many new business owners are unaware of all of the tax deductions that they are eligible for. Part of the reason why this is the case is because there are many write-offs that business owners can take that are not available to employees. If you are a new business owner, then you might be eligible for some of the deductions mentioned in this video. 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&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. #taxstrategy #llc #taxplanning

JOIN THE TAX-FREE WEALTH CHALLENGE NOW! AUGUST 5-9 2024! https://join.taxalchemy.com/join-thec... 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... Tax professionals such as enrolled agents help to structure entities for their clients on a regular basis. Proper entity structuring can result in a variety of benefits including enhanced liability protection, tax savings, and easier business management. Many business owners highly value all of these things. However, even though tax pros commonly help their clients structure their entities, many of them do not publicly share the way that they structure their own entities. In this video, tax expert Karlton Dennis breaks down the full structure for all of the business entities that he owns. This complete entity structuring explanation helps to provide insights into the way that he runs all of his businesses. Karlton walks you through his entire organizational structure for all of his business entities including his S Corps, LLCs, C Corps, and more. He also explains the reasons why he chose this particular overall structure. Timecodes 0:00 The Trifecta 0:52 Using an S-Corp to Manage Multiple LLCs 1:45 How to Offset S-Corp's Income with C-Corp 2:39 Using a Private Family Foundation to Protect Assets and Save Taxes 4:00 Protecting Investments with Series LLC Structures 6:24 Inside and Outside Liability Protection Explained 7:48 Avoiding Probate with Step Up in Basis 8:24 Why Your Tax Plan Should Be Unique *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. #TaxSecrets #TaxStrategies #SeriesLLC

The Augusta Rule is one of the best loopholes in the entire tax code. This rule allows people to rent out their homes for up to two weeks and generate tax-free income from the rental. There is a family in Augusta, Georgia that is currently making over $100,000 per year in tax-free income by taking advantage of this rule. In this video, tax expert Karlton Dennis fully explains the Augusta Rule and how the Mack family from Georgia is making a fortune in tax-free income by taking advantage of this rule. Karlton explains many key details about this rule such as how it originated, when it went into effect, and importantly, how to use it correctly. This particular tax loophole has many rules that must be followed to use it correctly. Karlton breaks down all of these rules to help viewers understand exactly how the loophole works. This video can potentially benefit anyone who owns a home and who wants to make money by renting it out to tenants for two weeks or less per year.

JOIN THE TAX-FREE WEALTH CHALLENGE NOW! AUGUST 5-9 2024! https://join.taxalchemy.com/join-thechallenge?utm_source=youtube 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&u=2911896&m=53954&urllink=&afftrack= State sales taxes can be extremely high. In fact, they can be as high as 7% depending on the state. For large purchases, such as vehicle purchases, high sales taxes can be a tremendous burden. Some people try to avoid state sales taxes by setting up an LLC in Montana and using the Montana LLC loophole. In this video, Karlton Dennis breaks down the Montana LLC loophole. He goes over what this loophole is, why it exists, how it works, and how you can use it. Importantly, he also covers the potential legal risks of using this loophole. Not every state allows the Montana loophole to be used. Considering the fact that many business owners purchase their vehicles through their LLCs, the Montana LLC loophole could potentially benefit many people. This loophole used to not be widely known or used. However, its use has picked up in recent years. Now, some states are fighting back against it. Timecodes 0:00 Video Overview 0:26 What is a Montana LLC? 0:43 Benefits of Owning a Montana LLC 3:35 Can You Own a Montana LLC without Residency? 5:50 How to Setup a Montana LLC *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. #TaxFree #MontanaLLC

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.