Karlton Dennis

In this discussion, tax expert Karlton Dennis uncovers the hidden benefits of the tax system, revealing how the wealthy exploit loopholes while the average person remains unaware. He dives into the potential for deductions like the $10K auto write-off and bonus depreciation. Karlton critiques Trump's tax reforms, explaining their impact on different income groups. He also shares insights on navigating IRS audits, common pitfalls to avoid, and strategies for W-2 employees to save on taxes. This conversation is a treasure trove for anyone looking to understand and leverage tax strategies!

Karlton Dennis, a savvy tax strategist and YouTube sensation, shares invaluable insights on reducing tax burdens. He discusses proactive tax strategies tailored for various income levels, empowering listeners to optimize their financial situations. Key topics include the benefits of S corporations for high earners, important updates from recent tax reforms, and unique savings plans like the 'Trump account' for children's funds. With practical advice and real-life examples, he illustrates how savvy tax planning can lead to significant wealth building.

Karlton Dennis, a tax strategy expert and real estate investor, joins to unveil the secrets behind how the wealthy minimize their tax burdens. He breaks down the impressive benefits of depreciation and cost segregation studies, emphasizing their impact on tax savings in real estate. Listeners learn about the IRS requirements for real estate professionals and actionable strategies like using self-directed IRAs for retirement wealth. Karlton's insights inspire both seasoned investors and newcomers to leverage the tax code for financial success.

Karlton Dennis, an enrolled agent and tax strategist with a notable YouTube following, joins the conversation to share hidden tax-saving gems. He discusses the advantages of switching from an LLC to an S corporation, emphasizing self-employment tax reductions. Strategies for involving kids on payroll as a tax deduction are explored, potentially saving families significant amounts. Dennis highlights the importance of year-end retirement contributions and the use of self-directed accounts for investing. A must-listen for entrepreneurs eager to optimize their taxes!

In this enlightening discussion, tax reduction strategist Karlton Dennis shares his expertise on maximizing deductions and reducing taxable income. He dives into Trump's proposed tax plan that could eliminate income tax and explores new deductions for tipped income and 100% bonus depreciation for vehicles and equipment. Karlton also covers unique strategies like leveraging film production investments for tax benefits and the clever use of country club memberships as deductible expenses, all while emphasizing the importance of decisiveness in financial success.