25 Tax Strategies The RICH Keep From You

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00:00 - Introduction to Year-End Tax Strategies
03:30 - Understanding the Role of LLCs and S Corps in Tax Planning
07:00 - Importance of Board Meetings and Unlocking Write-Offs
11:00 - Medical Reimbursements, HSA Plans, and Retirement Contributions
17:00 - Shifting Income and Expenses for Tax Purposes
22:00 - Wrap-Up and Importance of Consultation with a Tax Advisor

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[tereg]

CA resident here excited to hear you mention ADUs. My family and I are discussing how best to plan how do we strategies for an ADU at my parent's home. I listen to every podcast and I always learn something from each video.

[anujgupta]

Thanks for donating so much of your time and providing information . I have 3 of your books . You guys are great .

[jerrycoutant]

S corp audits could go way up, if and when enforcement gets their budget. Holiday board meetings - that is gold! Great video!

[jimsbro]

Life insurance should be the number one to start with because life insurance is also the income protection.

[efrains.]

Mark Kohler library - years ago I signed up for the MK library - is that still accessible?

[j-p]

Another great podcast, I love listening to you guys whenever I can! Long time fan!

[mariabell]

Thanks for the new video! I’m looking forward to seeing what other content you post! Always good to learn as much as you can!

[TammyLutz]

I just sold a property in Portland and I'm thinking of putting the cash in stocks, I know everyone is saying it's ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.

[lunamorris]

Great video! Some key points were highlighted that I hadn't heard anyone else discuss. Thank you!

[LucasBenjamin-hvsk]

Because ROTH IRAs are tax-free, you'll be able to keep more of the money you've worked so hard to earn.I want to invest more than $300k, but I'm not sure how to go.

[yani]

Mark, could you make a video of how to pay less taxes being an option trader. Also, can you explain the best way to structure a trading business and what will be the best structure? Thank you in advance. I really appreciate all these awesome knowledges that you and your business partner are sharing with us.

[mustafasenercetin]

Thanks sharing with us your valuable knowledge and experience

[carlrobinson]

I took my pension from my old employer and rolled it over to my traditional Ira. If i do the backdoor Roth Ira chunk conversion would i be subject to the prorata rule. If so what are my options to avoid the prorata rule. I haven't contributed to it at all.

[joeuscanga]

Great advice, insights and ideas...💡!

[RedDragonProtection]

Over 18 years old. Paybthem a 1099, and still put it in the Life insurance

[Chris-wknu]

I listened all the way through. lol. Good stuff thank you

[pabawathieperera]

I own a multi unit property ( owner occupied ) can it be concerned as a S Corp ?

[mikebarnes]

If a charity you want to donate appreciated securities to is a smaller organization that does not have the administrative bandwidth to handle noncash stock donations an excellent workaround is to establish a Donor Advised Fund with one of the big brokerage companies (Vanguard, Fidelity, Schwab) which can push out cash from the proceeds to charities while allowing you to benefit from being able to donate appreciated stock.

[sordidloam]

2 months back date for S-CORP. That's it. Don't expect to back date 6 months.

[loisherrod]

Is the board just listed under your business and they aren't share holders?