Find treasure in your tax buckets!

Chances are, you're not planning for those retirement years as strategically as you need to be, when it comes to shifting income into lower brackets and making sure you don't get taxed at the highest brackets.

Watch this video for more about retirement income strategies, and Roth conversions specifically.

Think the proposed tax hikes recently won't apply to you?  Think again, if you're married and make reasonably good income combined -- check out this article from CNBC on the new tax proposal that would hit married couples making over $450,000.

If you own an LLC, you're probably paying too much tax!

In this video, I'll be teaching you about S corporations ("S corps") and specifically, S corps benefits. We'll discuss things like:

-- LLC vs S corp taxes
-- how to reduce self employment tax ("SE tax")
-- S corp distributions
-- how to increase cash flow using S corps

Want to find out how?  Watch this video.

Chances are, if you're watching this video, you pay too much tax! But you probably don't know all the different ways to reduce that tax -- watch this video and learn how!

In the video, I'll go over all the various "tax buckets" and types of income you can receive, and how it's treated tax-wise. We'll look at areas like:

-- overall tax planning strategies
-- life insurance tax benefits
-- tax deferred income
-- tax strategies for real estate investors
-- Roth IRA tax benefits
-- oil and gas investments
-- business tax deductions

Q: What are some of the best ways to minimize taxes when cashing out of my retirement plan? 

A: This will depend on a few different factors.  Be aware that, as a starting point, retirement distributions are taxed as ordinary income, and could trigger a penalty if accessed early.  Keep in mind though, when you withdraw in a low-income year, those penalties are lessened by that fact.  Outside investments that generate passive income losses, such as oil & gas and rental properties, can be a good way to blunt the effects of cashing out of the retirement plan.  Best practice is of course is to run all this by your advisor and get a qualified, second opinion. 

Do you need more cash? Well, if you're a real estate investor, you're probably sitting on it as we speak!

In this video, I'll teach you about various rental property tax benefits and tax strategies for real estate investors, including the following topics:

-- rental income tax deductions
-- rental property expenses
-- how to avoid paying taxes
-- after tax cash flow
-- depreciation explained

Investment can be a wonderful opportunity, but it also involves a completely unfamiliar set of rules when it comes to your taxes. Whether you are considering becoming a franchisee or are already involved, it’s important that you have the support of a knowledgeable tax planner to help ensure you understand your tax obligations and are preparing accordingly. Here are just a few of the things that you need to keep in mind:

Franchisees Pay Self-Employment Taxes

Even though you take direction from the franchise on marketing materials, training methods, employee rules and suppliers, you still are in charge of the business in ways that the IRS defines as being self-employed. You make your own schedule and establish your own community and business relationships, so the government puts you in the same category as a sole proprietor. That means you need to report your earnings on a Schedule C, just like single-member LLCs and sole proprietors do, and you need to pay the additional 15.3%...

Want to find out how?  Watch this video.

Q: What are some of the best ways to minimize taxes when cashing out of my retirement plan? 

A: This will depend on a few different factors.  Be aware that, as a starting point, retirement distributions are taxed as ordinary income, and could trigger a penalty if accessed early.  Keep in mind though, when you withdraw in a low-income year, those penalties are lessened by that fact.  Outside investments that generate passive income losses, such as oil & gas and rental properties, can be a good way to blunt the effects of cashing out of the retirement plan.  Best practice is of course is to run all this by your advisor and get a qualified, second opinion.