Get Rich Education 103: Tax-Free Real Estate with Tom Wheelwright
#103: Tom Wheelwright is a tax genius and regular contributor here. He’s the Founder and CEO of ProVision Wealth, which prepares Keith’s tax returns. TaxFreeWealthAdvisor.com
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Listen to this week’s show and learn:
04:04 Every dollar of your income is either taxable or not taxable.
08:08 How you are double and triple-taxed.
09:59 How tax depreciation works for real estate investors.
13:33 Cost segregation.
16:10 Why Donald Trump won’t release his tax return.
20:14 Here’s when you start a tax and asset protection strategy.
23:40 Holding your real estate in an LLC vs. “S” Corp.
25:55 IRS audits and taking deductions.
28:06 Garrett Sutton.
29:40 Picking the wrong lawyer.
32:48 Audit prevention: 1) Documentation. 2) Competent tax preparer. 3) Don’t talk to the IRS.
Resources Mentioned:
TaxFreeWealthAdvisor.com or call 866-467-5809