LLC vs. S Corp - 2 Tax Reduction Strategies for S-corps different than anything else you'll hear

if you're looking for ways to reduce your taxes are how to avoid taxes with your company, these are two different ways that you can drastically reduce your taxes with an s corp.

these ideas are not something small, I'm telling you that investing in duplexes and the correct solo 401K can provide tens of thousands and tax savings and can help you transfer money from the government over to yourself. watch this video If you're looking for something to reduce your taxes and trying to find new tax deductions for your small business. If you're looking for tax beneficial investments or different investments that are tax-advantaged, these are it.

this is also incredibly helpful if you're trying to study the difference between an LLC and an s corp, and you're looking for ways to reduce your self employment and social security taxes.

[henryhache]

13:35 - Scorp has no SE tax...only reasonable salary. #2 is a stupid strategy. If the Scorp owned building, could do exact same thing, ie, depreciation. the rent just moves from left to right pocket...no gain.

[leet]

Rob. More videos like this, please! Great stuff!

[Hugofmunoz]

If max contribution is $6k, I’m confused about where you’re going with the numbers. Could you clarify that, please?

[cheynesettlemire]

Thank you for the advice and free content. Also, I love your kid(s)' drawings! :)

[josevalenzuela]

Could you make a video of Parent LLC (Holding Company) and having an LLC under the Holding Company being in Commercial Real Estate and possibly have other business under the Holding company. (Yeah I know pretty ambitious)

[akangell]

With the business leasing the office idea, if your AGI phases you out of taking depreciation now wouldn't you just end up paying that tax on the other end? So the business would get the deduction, but then the rental income would flow to the personal return and you'd just pay it there wouldn't you?

[heathersatrom]

Awesome Rob - reducing taxes one business at a time!

[marcogallardo]

holly fuck!!! this is gold, thanks alot.

[min-k]

1 dislike. Probably someone who works for government did that.

[ksayrah]

Rob, vanguard does have great products. However as an entrepreneur I think an IUL is a better product. One can put already taxed money inside of the plan and receive index profits up to 15 to 25% with a 3 to 1% floor and you are guaranteed not to lose money in a volatile market. Hence, you have permanent life insurance too. I like the solo 401, yet I won't put my money anywhere I can't touch without penalties and 59 1/2 is not an age most entrepreneurs I know desire to retire. There are better retirement products. Thanks for sharing your advice.

[iamintractable]

Your comments are confusing. If you set up a solo401k its either Roth or not. You mention IRA and that has nothing to do with the process. The employee contributes to 401k and the Employer profit shares to the 401k. No IRA is involved.