Tax Strategies To Starve The IRS

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.

 

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