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Tax Strategies To Starve The IRS

The Candy Valentino Show

English - January 02, 2023 08:00 - 10 minutes
Entrepreneurship Business Non-Profit candy valentino the candy valentino show generation wealth wealth habits real estate investing financial literacy entrepreneurship investing business wealth Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
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There are a few key things you should be talking with your tax specialist about in the new year. In this episode, I highlight how you can reduce your taxable income through the Augusta Rule, utilizing your kids on payroll, and structuring your rental property income. There are so many ways to move money out of your business and put it into your pocket tax-free, so listen in to see how you can take advantage of these three strategies. 
 
IN THIS EPISODE, WE TALK ABOUT:

Examples of how to use the Augusta Rule in your business 

Why you might want to set up a custodial Roth IRA for your child 

What to keep in mind before putting your child on your payroll 

Earned income tax versus short-term gains on a property 

Why I recommend looping all your income properties together into one LLC

 
RESOURCES: 
Learn more from me and proven business experts by signing up for one of my many  online courses.
 
CONNECT WITH CANDY
Follow me: @candyvalentino
Buy your copy of Wealth Habits: wealthhabitsbook.com
Join Founders Organization 
Learn more about your ad choices. Visit podcastchoices.com/adchoices

There are a few key things you should be talking with your tax specialist about in the new year. In this episode, I highlight how you can reduce your taxable income through the Augusta Rule, utilizing your kids on payroll, and structuring your rental property income. There are so many ways to move money out of your business and put it into your pocket tax-free, so listen in to see how you can take advantage of these three strategies. 

 

IN THIS EPISODE, WE TALK ABOUT:


Examples of how to use the Augusta Rule in your business 
Why you might want to set up a custodial Roth IRA for your child 
What to keep in mind before putting your child on your payroll 
Earned income tax versus short-term gains on a property 
Why I recommend looping all your income properties together into one LLC

 

RESOURCES: 

Learn more from me and proven business experts by signing up for one of my many  online courses.

 

CONNECT WITH CANDY

Follow me: @candyvalentino

Buy your copy of Wealth Habits: wealthhabitsbook.com

Join Founders Organization 

Learn more about your ad choices. Visit podcastchoices.com/adchoices