Sold my cows in my HSA! Kohler Dutton Livestock is looking to acquire more livestock... maybe from the "Yellowstone"..😳
Check out my video below on how to invest your HSA in real estate, crypto, businesses, or even COWS!🐄
Don't go to jail because you didn't pay taxes on your
#crypto
. Make sure to watch my latest live video on YouTube, "Avoiding
#CapitalGains
on Cryptocurrency," to learn more!
EVERY time an entrepreneur travels it should be a business write-off!
You would be shocked to know how many new clients’ tax returns come across my desk every year with literally zero travel deductions!
Travel expense thread 👇🏼👇🏼👇🏼
I’m sorry
@CelsiusNetwork
customers, but you have to claim the income you earned at Celsius before they claimed bankruptcy and add it to your basis in the investment. Once the bankruptcy is finalized, you’ll be able to take a write-off for your loss. More to come from me on this
Join me LIVE tomorrow November 9th on the
@UtopiasComm
Twitter space hosted by
@TheMrDip
&
@DeFiPastry
@ 11 AM EST. We’ll be discussing digital asset taxation and how to have a winning strategy for your profitable
#web3
operation.
If you want to give your clients the same crypto-confident tax advice…join us for our Crypto Tax Summit.👾
Where: Remote via your favorite chair 🖥️
When: September 26-28, 2024 🗓️
BUY TICKETS NOW -
Remember, the American dream isn't a get-rich-quick scheme. It's about hard work, smart choices, and the joy of seeing your wealth grow over time. Keep hustling
It’s safe to say that this current crisis is like none other faced by small business owners in the recent past, and it’s daunting trying to tackle all of the unique issues it presents. But don't worry, I'm here for you. Check out my new article!
Trump claimed Real Estate Professional status when he wasn’t President. Millions of Americans use this honest and valuable strategy. I’ve reviewed all Trump’s tax returns that are public. Fact check done ✅
Believing in yourself is not always an easy thing to do. When you start to doubt yourself, remember those who do believe in you.
#weeklymessage
#inspiration
A 15-year-old who puts $6,000 each year in a Roth IRA will have over $5 million tax-free at age 55. The power of compound interest is amazing!
Are you setting up your kids for success? Do they work with you in your business?
Every American needs a trust. Why? It brings everything together, providing a solid foundation for wealth-building and legacy creation.
Do you have a trust set up?
I'm grateful, but it's also so sad that the government had to get involved in the bank collapse at SVB.
The Venture Capitalists that called on their clients to withdrawal funds from SVB should be before a Congressional Hearing. It was sickening to see them calling on the Feds to
Hello Times Square!
I had the pleasure of recording some amazing segments with
@nasdaq
this last week.
Catch these segments this weekend!
9/16 on
@NEWSMAX
at 12:30pm PST
9/16 on Bloomberg at 3:30pm PST
9/18 on
@FoxBusiness
at 10:30m PST
Won't it be wonderful when Black history and Native American history and Jewish history and all of US history is taught from one book. Just US history.
-Maya Angelou
Don't be scared of the home office deduction. If you have a designated area in your home that you use for your business, it's a legitimate expense you can claim.
The First Annual
#CryptoTaxSummit
is in just ONE day! We can't wait to have you all there in-person or on-screen. You can still purchase a virtual ticket here until the event begins!
#crypto
What you fill your heart and mind with and who you spend your time with greatly affects who you will become. Be mindful of this, surround yourself with positive influences. Don’t let others bring you down, and be cautious not to self sabotage!
The Crypto Tax Summit 2 is going to be the biggest, most kickass crypto tax event ever!📢
Our lineup of speakers is 🔥
You do not want to miss this event!
Learn more about all the awesome networking events included!😎
#knowthegame
Bottom line…buying rental property builds wealth and saves taxes.
But it doesn't stop there! Investors quickly find out that rental properties produce Pass-thru losses primarily because of depreciation and mortgage interest. How these losses are taxed on their personal 1040
Breaking ground…building futures! 🏗️😎
We've started construction on the new KKOS Lawyers and Main Street Business Services site in Cedar City, UT. 👍
Dream big with us -
Too many new clients are NOT doing their due diligence! Please take the time to research what you’re investing in, with whom you’re going to invest with AND properly document the deal. A bad contract always makes for a bad deal.
A trust is more than just a legal document. It's a tool for wealth-building, legacy creation, and financial security. Make it a part of your financial plan today.
I am going live on Youtube, Facebook, and Instagram in one hour to talk about
#FilingTaxes
for Your
#SideHustle
and not paying a cent more than you have to! Visit the
@Entrepreneur
FB Page or My page to watch it live!
The New Tax Bill going through Congress affects ALL Americans and it is attacking ALL Americans' IRAs.
Read my article for more information.
Every American deserves to know how this bill will affect them and to have a chance to do something about it.
Thefts are unfortunately not tax-deductible. If your crypto wallet gets hacked, you won't be able to claim it as a loss on your tax return. Protect your digital assets.
#CryptoSecurity
Well, I just got offered another useless credit card at the counter at Best Buy. Literally the worst thing you can do for your credit is to sign up for a card at a retail register. Bad move.
This goes for anyone that's a licensed person operating or selling services (like most professionals) you can be an S-Corp!
Head to my Youtube channel to watch the full video, "How To Structure Your Business in 2023 For Success"
Just because you don’t know, doesn’t mean you can’t know. Maximize the resources you have to grow, learn, and be the captain of YOUR ship!
For game-changing educational resources head to
"I thought that one piece of paper in the drawer was good enough for my LLC?" ....I'm sorry, but even if your cousin was Vinney Gambini, there is no way he could protect you if someone sued your LLC or Corporation and all you had was that one page file online...No way!!
I am going live in an hour and a half with
@Entrepreneur
to talk about
#Bidens
#Taxreformbill
There are some CRITICAL things that you NEED to know about. This bill will affect you! 💰⚖️💸
How do the Wealthy Pay ZERO Capital Gains Tax?🤔
💡Open a self-directed Roth IRA.
💡Max out your contributions every year (you’re allowed up to $7k-$8k depending on age).
💡Invest smart—crypto, real estate, or venture capital—tax-free!
In 35 years, you could have $1M tax-free
Day 1 of Tax and Legal 360 Conference!
Today has already been so impactful with all of our guest speakers and breakout sessions. Still have 2 more days packed with valuable information. Let’s go!👏
Remember, LLCs do not save taxes. They are tax-neutral. They don't cost you taxes, but they don't save you taxes. Use them for asset protection, not for tax savings.
If you're running multiple income sources (like Uber and Etsy), you can funnel them through the same S Corp. Maximize your deductions and simplify your tax reporting
#TaxEfficiency
In order to reach your end goal, you must take one step at a time. Some steps may be bigger than others, but you won't ever achieve
#success
if you stop.
Tip
#6
: Hold Your Board Meeting
Holding your own board meeting can be one of the most inspirational and exciting things to help you plan for the next year. And it’s a great write-off too!
Your number one cost as a business owner is taxes. Learn the secrets to minimizing your tax burden and maximizing your profits. It's not unethical - it's smart business!
As parents, let's build a financial trifecta - combining a day job, side business, and real estate investing. It's the key to financial success and security.
Tip
#4
: Retroactive S-Election for 2022
For those with an LLC, this is your lifesaver if you made good money in 2022. You can literally change your LLC to an S-Corp. watch this!
You can't escape
#crypto
taxes 🚨
The IRS CAN look at your crypto trades, even if you're using a decentralized wallet.
Check out my full breakdown on how to pay ZERO Crypto Tax on YouTube. Link in bio
Choose Rich 🤝
Some people say “starting a business is too risky” I say it’s too risky NOT to have a small business. Having a business on the side opens up opportunities to build wealth and something to fall back on when the unexpected happens.
Remember, there are no tax benefits in placing yourself on W-2 as an LLC owner without switching to an S corporation. Understand the implications and save on unnecessary payroll taxes.
Remember: The number one cost in your life is taxes. But no one's talking about it because it's boring or whatever. I love it. I think it's fun. Let's talk taxes and save money.
Remember, S corporations are flow-through entities. The income isn't taxed at the corporate level, it flows through to your personal tax return.
#Scorp