CPA Explains Secrets To AVOID Taxes... Legally (Do This Now!)

Learn how to avoid paying taxes by taking full advantage of the tax code.

As a taxpayer, the IRS says you have the right to reduce, avoid, and minimize your taxes by legitimate means.

But the problem is that 90% of people do not know these means. So, they pay more taxes and have less wealth, while others pay less taxes and enjoy more wealth.

So today I want to fix this by showing you the top 3 levers you can pull-on and adjust to legally avoid paying taxes like the Top 1%.

Overview: (0:00)
Using Tax Advantaged Accounts: (1:03)
Tax Deferment: (1:45)
Tax Exempt Income: (3:10)
Getting 100+ Additional Write-offs: (4:17)
Creating Tax Write-offs: (5:47)
Borrowing Against Investments: (6:23)
Timing Investment Sales: (7:25)

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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

[damon-burton]

Tax planning often doesn't get enough attention. Utilizing tax-advantaged accounts and maximizing deductions are excellent strategies. Thanks for sharing such valuable information.

[xhxhxhxchchchch]

If I own a cleaning service company and offer my services and advertise for, let's say, a week, all proceeds will be donated to St. Judes and gross 10k in that week and donate all 10k, which is under 60% of my company's taxes. Does that mean I get a 10k write-off?
And would I collect the money into my account to donate, or have the customers write the checks out to the charity directly?

[JoelLopez-xckq]

So I own an small business let's say a coffee shop, to decrease my taxes I hire a family member since this will increase my expenses is that right? Then by paying the taxes of that family member (which would be way less due the tax bracket) I get to pay less, do I make sense?

[Theofficialmj]

Ok I have a question, if you earn income from babysitting and are paid in cash, would I be able to open a solo 401(k) account with that money