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The Wealth Without Wall Street Podcast
Round Table | The 5 Biggest Tax Mistakes Business Owners Make
Mar 26, 2024
Learn about the pitfalls of relying on internet tax advice, strategies for minimizing tax liability legally, debunking 401k myths for financial freedom, navigating tax considerations for business expenses, and maximizing tax benefits through strategic planning.
46:52
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Quick takeaways
- Legitimate ways to minimize tax liability exist, but seeking advice from reliable sources is crucial.
- Relocating for lower corporate tax rates can be a smart move, but consider the implications on personal well-being.
Deep dives
Renting out your house for tax benefits
Good advice if you know what you're doing and keep good documentation like rental invoices. Bad advice if you live in an area with no restaurants nearby.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode