The IRS's Dirty Dozen—Unmasking Abusive Tax Avoidance Schemes

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ABOUT KEN:
Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor.

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[GetRichEducation]

We always like to hear from Garrett! 👏

[fa]

The tax man taxes my work, investments, property, purchases, death. What money does that leave for me?

[theRetainer]

Great content, thanks for getting us connected with experts Ken!

[wannabedal-adx]

I thought this video was going to go over all 12 of the IRS dirty dozen tax scams. It did not! But what I got instead was golden information about how to avoid getting in trouble with the bank when transferring title of a property into an LLC! Awesome!!

[susankrause]

Isn’t it true though that if you have your home that you’re living in in an LLC you can no longer Homestead??

[yeahjug]

If I create an LLC and put it in a living trust, where I am the trustee, does that cause an opportunity to pierce the veil?

[CraigKammanMN]

I have run into issues with Title when using Fannie Mae loans, they require it in personal name. It can be Quit Claimed back to an LLC later, but there is a due on sale clause which Ken addresses; never seen it exercised (I haven't either in 26 years ). My question is why a Wyoming LLC?

[T-AH-LOW]

GREAT VIDEO.
NEED MORE VIDEOS WITH THIS KNOWLEDGE; DIFFERENTIATE CPAS, LAWYERS, ETC.

[ericjames]

"It's not if, it's when a tenant sues....". Total BS. Talk to multiple people who have been in big time rental real estate for years. The tenant suits are for security deposits. And yes, it is easy tu "pierce the veil". Especially if the owners are not unrelated individuals.