The Sub2Deals Show EP 034: Minimizing Your Property Investment Tax Bill
Are you an investor or dealer? How do you know which one you are? And how can you ensure your taxes are minimized?
Doing taxes can be intimidating for investors, especially when you are not familiar with all the tax laws and regulations. So what can you do about it? I can barely keep awake when it comes to the topic of taxes so I decided to invite our friend Bill Walston back onto the show. Bill has a CPA, a graduate degree in tax law combined with 30 years of experience in property investment. He gives a little insight into how creative tax strategies for real estate work.
Bill shares how you can minimize your tax bill by setting up the right company for your type of business and how to make the various tax laws out there work for you.
What you will learn
- How tax preparers and IRS define and classify real estate investors and dealers.
- The different types of entities to set up and which works best for your real estate business.
- How to minimize your tax bill by maximizing your deductions.
- How to find the right tax preparer for your real estate investment needs.
Mentioned in this episode
- If you’re looking for more information want some questions answered join us at Subject To Real Estate Forum with William Tingle.
- You can get in touch with William directly at william@sub2deals.com.
- If you want to book a 30-minute introductory call with William you can do that here.
- You can contact Bill via Facebook Messenger or email him at bill@billwalston.com.
- If you liked this episode and want to learn more from Bill tune into this episode on how Dodd-Frank affects your real estate business and this one on what are Land Trusts and when to use them.
Like the podcast?
If you enjoyed this podcast, please leave a review on Apple Podcast.