Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States.
What if I bought my house 20 yrs ago in CA for 1.4 million and it’s is now worth 4.4 million and I sell it. Is there anything I can do about capital gains. I don’t want to buy another house. I wanted to put it in a Roth IRA for each of my children.
I heard that mobile home parks where you make them buy their unit and pay lot rent is the easiest. But that there are very few available to buy anymore because of zoning, etc
What if they don’t pay the rent? Then lawyers, court fees, wasting time etc. Self storage automatically charged the credit card every month and nobody lives there, it’s just storage.
Great question, I recommend setting up a free consultation to discuss some strategies and how they apply to your unique situation. Sign up here: aba.link/6a0418
thank you for sharing, if you have multiple properties how would you go ahead and set up a protection layer like. would you create a single trust and LLC for each property or is there a different strategy for multiple properties.
Thank you for your question! It's great to see you engaging with the content and thinking about asset protection. I recommend setting up a free consultation to discuss some strategies and how they apply to your unique situation. Sign up here: aba.link/9e53cd
Thank you for considering starting a nonprofit for historical preservation. I recommend setting up a free consultation to discuss some strategies and how they apply to your unique situation. aba.link/d1a428
Hi, thanks for the great information. Quick question, if I am a US citizen living abroad would this also be applicable to foreign properties I own? Above and beyond the typical FEIE deduction of course.
Thanks for tuning in. That's a great question, have you set up a consultation with my team? I might register for a consultation so we can provide the most accurate solution. aba.link/84a6a3
Thanks for bringing up the lady bird deed! I would recommend setting up a free consultation with my team so we can provide the best answer. aba.link/wph
RFK IS MENTALLY PHYSICALLY ACCOMPLISHMENTS CHARACTER TRUTH PRINCIPLES COURAGEOUS PATRIOT FOR AMERICANS STILL THE BEST CHOICE FOR AMERICANS SINCERELY FLORIDA MOCKING BIRD
That's a great initiative! It's wonderful that you want to help your community. I would set up a consultation with my team to discover the best solution in your situation. Visit: aba.link/tobyss
Watching the estate of the actress Anne Heche fight claims…could you explain or breakdown how her family could have avoided some or most of who is suing her estate?
Understanding the legal aspects and proper estate planning could have potentially prevented some of the claims. I might recommend signing up for a strategy session if you want to learn more about protecting one's estate. Visit: aba.link/vje
Can you get an EIN number for a living trust? Can a living trust be used just to keep a bank account private? I know it doesn’t provide Asset protection. I just thought it might be a good way to hide a bank or brokerage Account??? Thank you!!!
You are just trolling for clients. You refuse to mention that 643b is an exception to the standard accounting principals in the IRS code. I have a lengthy attorney opinion letter that states and supports the correct interpretation, actually, I have two and I also have an attorney produced copyrighted document that has been in the market for 70 years, as well as a Forbes article from 2022 that supports that, as well as IRS tax Forum slides that state the same thing. The IRS is just wrong and they, and you are attempting to scare the public and create mayhem. So the next time you poo poo an idea or product, be sure and separate the wheat from the chaff. These are legit structures when created and used properly.
Not true about the extra 10% penalty. Rule of 55 - if you retire in the year you turn 55 you can cash in your 401K with 20% tax no additional 10% penalty.
Thanks for bringing up the topic of installment sales! I recommend setting up a free consultation to discus strategies and how they apply to your unique situation. Visit: aba.link/271618
CAPITAL LOSS IS A LOSS... YOU OFFSET GAINS MEAN YOU DID NOT MAKE MONEY... NOT A WAY TO ELIMINARE TAX... JUST MAKE CAPITAL GAIN PAY TAX AND ENJOY THE FRUIT RATHER THAN LOSSE MOEY JUST TO TO AVOID TAX.. DUMB IDEA...
