Round Table | How to Pay Less Taxes to the IRS: Case Studies
The Wealth Without Wall Street Podcast
00:00
Maximizing Tax Savings Through Strategic Planning
The chapter explores the intricacies of the 199A deduction, detailing how businesses qualify based on specific criteria and the role of W-2 wages in determining the deduction amount. It discusses unique approaches for real estate businesses to qualify for the deduction and highlights the complexity and creativity required for strategic tax planning. The conversation also touches on utilizing provisions like renting out a house for business purposes to potentially avoid paying income tax on rental income.
Transcript
Play full episode
