How Management LLCs Provoke Tax Deductions! #shorts

About Karlton Dennis

Karlton Dennis is the Founder and CEO of Tax Alchemy, a firm specializing in sophisticated tax planning. Tax Alchemy is one of the fastest-growing tax firms in the U.S. Karlton and the Tax Alchemy Advisors have created powerful tax plans for thousands of clients in the United States. Many of Karlton’s clients have achieved life-changing tax savings through the strategies that he and his firm design and help implement. In fact, Karlton routinely helps his clients save 6 or 7 figures in taxes.

In addition to leading Tax Alchemy, Karlton is also the creator of the Karlton Dennis YouTube channel. This channel is one of the most successful and popular channels in the tax niche. Karlton uses his YouTube channel as a vehicle to share his wealth of tax knowledge with millions of people.

Licensed EA (Highest Tax Credential Awarded by the IRS)
Forbes Business Development Council Member
Bigger Pockets Partnered Tax Advisor
Author of The Short-Term Rental Rule: How to Reduce Taxes Like the 1 Percent
Founder and CEO of Tax Alchemy

#KarltonDennis

[akilbuchanan]

Need some more in-depth information on this strategy and how to apply it

[NobleFairEl]

Sounds like a Holding Company LLC, which manages the other businesses' administration such as payroll services. What are the benefits of 1/3 disbursement according to the IRS? There are different types of 501s, which one may be subject depending upon the structure.

[mike-ncqj]

Yes its tax deduction for the daughter, but it should be reported as income, fee or dividend on the mother llc

[carlosferdinand]

Wow I didn't think this was possible. I should this to a senior cpa and he elaborated by saying that my management/parent company write off its business caregiving.💣💥

[leondunn]

In this example, an LLC is the parent owning an S-Corp. I thought an S-Corp could own other LLC’s, but couldn’t be owned by another LLC?

[dougklep]

Yeah I wonder if this would really work. Might need to look into court cases on this as I don’t think this is what is allowed.

[bsparkle]

The money from the clothing company would be considered an intercompany transaction?

[samgurholt]

I’m confused is the LLC owning the s-corp. If so, is the LLC a single member/disregarded entity?

[wsmaga]

I still don’t understand this, but I am def trying to learn.

[richardmarrow]

If I already have an established clothing brand llc, can I open a management llc and take on the original llc?

[iamOAKland]

This verbiage went over my head but I understood the illustrations

[getrudechapuisat]

Hi Kalton can you go deeper on this strategy using d management company as tax deduction

[HQsalomon]

It's the LLC always connected to your personal taxes?

[EvaC_]

How does one get in contact with/hire you?

[mikeespi]

But wait. If the holding is a LLC then you have to pay taxes at a whole income in the holding. I see no savings on taxes in the holding. 🤔 (no payroll)

[miguelpalma]

Much to do about nothing...substance over form

[bkworldtravels]

These gurus are a bunch of 🤡 yes you take an expense at a lower level entity but then you pick up income at the company above it so the net effect is zero. I don’t even think this guy is a CPA. Do yourselves a favor and find a reputable licensed CPA

[michaelperez]

The first thing to understand is TAX is not LAW

[fateenshareef]

The bullshit this guy spews is hilarious.