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!