Are you using corporations to strategically reduce your taxes? I'm guessing a lot of you would answer "no" and are overpaying, so you definitely need to watch this video!
I'll cover all the ways in which C corporations can reduce your tax liability, including:
-- tax planning strategies with regard to your individual tax bracket
-- tax-free employment benefits
-- tax-free medical expense reimbursement plan (MERP)
-- IRA ROBS
-- Section 1202
Q: Is it best to own my rental properties in a land trust owned by an entity (LLC)?
A: It depends on what you’re trying to accomplish. From a tax standpoint, both the entity and the land trust will have minimal impact savings-wise. However, the entity will afford you liability protection (obviously a good thing), and the land trust will afford you privacy (also a good thing if this is something you value). As always, check with your attorney and advisor before proceeding.
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