How to Turn $150K Into $1M of Tax Write-Offs (REAL CASE STUDIES) | Michael Williams

Learn what the ultra wealthy do to write off cash flowing assets and take advantage of the 100% bonus depreciation. In this masterclass you'll understand the dos and don'ts of advanced tax planning, asset depreciation, and see first hand case studies of entrepreneurs and business owners who are taking advantage of these strategies.

0:00 - Intro

1:07 - Who is Michael Williams?

6:01 - The Three Steps to Tax Efficiency

8:46 - Who are these Tax Strategies for?

11:29 - Prioritizing Low-Hanging Fruit First

13:14 - What is Depreciation for Tax Write-Offs?

15:50 - Finding the Right Assets for Bonus Depreciation

19:58 - Two Main Risks: Tax Risk and Economic Risk

23:54 - Passive vs. Active Income

24:58 - Strategies for Writing Off Against Active Income

26:56 - Structuring a Trader Business

27:43 - Risk of IRS Audits

31:21 - Tax Arbitrage

32:59 - Understanding the Economic Risk

34:02 - Differentiating the Strategies from Real Estate

37:55 - Case Study Walkthrough with GPUs

40:17 - Turning $150K Investment into $1M Write-Off

43:00 - Recapturing Cash on Residual Value as Ordinary Income

45:58 - Cash-on-Cash Return Targets

48:12 - After-Tax Return on Investments

51:16 - GPUs Residual Value

52:20 - Pulling Assets Out of the Revenue Pool

53:14 - Services and Fees (Maintenance, Insurance)

54:02 - Debt Payment Responsibility

55:00 - Tax Implications of Debt Service

57:41 - Final Advice

Join the Tax and Assets Community: https://taxandassets.com

Connect with Michael & His Team:

Email - michael@trusttpc.com

Website - https://www.trusttpc.com/

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*This video is for entertainment purposes only and is not financial or legal advice.

Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.