Understanding the Self Rental Tax Strategy for Entrepreneurs | Karlton Dennis E326

What if you could pay yourself tax-free using your own home? In this episode of The Rich Somers Report, Rich sits down with Karlton Dennis, tax strategist and founder of Tax Reduction Company, to break down one of the most overlooked tax-saving strategies for business owners—the self-rental loophole, also known as the Augusta Rule.

Rich and Karlton discuss:

How to rent your personal residence to your business and collect tax-free income
The specific documentation and setup required to make this strategy audit-proof
Common mistakes entrepreneurs make when trying to implement tax strategies
Why mindset matters just as much as tax code when building long-term wealth
How to think like a CFO and stop overpaying the IRS year after year
Karlton shares practical examples of how high-income entrepreneurs and real estate investors are using advanced strategies like the Augusta Rule, S-Corp structuring, and entity stacking to build generational wealth. If you’re ready to stop leaving money on the table and start using the tax code to your advantage, this episode is a must-listen.

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