The Rich Somers Report 12 Tax Strategies Your CPA Doesn't Know About: Tulum Retreat 2025 | Karlton Dennis E412
23 snips
Oct 18, 2025 
In this insightful discussion, Karlton Dennis, an elite tax strategist and investor, reveals cutting-edge tax strategies not commonly known to CPAs. He dives into the secrets behind Apple and Google's low tax payments and explains how short-term rentals can be leveraged for significant tax benefits. Learn about paying your kids tax-free, the importance of asset protection using Wyoming LLCs, and how to maximize deductions through self-rentals and family payroll. This is a masterclass for anyone looking to think like the wealthy.
AI Snips
Chapters
Books
Transcript
Episode notes
Plan Taxes Like The 1%
- The wealthy forecast exact tax liabilities rather than guessing each year.
- Proactive tax planning explains how companies like Apple and Google lawfully pay 0% federal tax.
Use Wyoming As Your Holding Parent
- Use a Wyoming parent LLC for better asset protection and favorable courts.
- Form state-specific property LLCs and group them under the Wyoming holding company.
Plan S‑Corp Payroll Before Electing
- Before electing S‑Corp status, plan salary versus distributions to optimize payroll deductions and QBI.
- Work with your CPA year-round to set a reasonable owner payroll amount for tax benefits.
