LEAKED! Tax Strategist Reveals How LLC Business Owners AVOID Taxes...

Подписаться 793 тыс.

Просмотров 89 тыс.

50% 1

JOIN THE TAX-FREE WEALTH CHALLENGE NOW! AUGUST 5-9 2024!
join.taxalchemy.com/join-thec...
Learn the rich's tax secrets with my new book! Click the link below
ebook.taxalchemy.com?
Taking the Next Step:
📞 Book a Professional Tax Strategy Consultation: www.taxalchemy.com/consultati...
Join the Free Tax Strategy Accelerator Community! ▶ www.taxstrategyaccelerator.co...
Watch this FREE Webinar on How to Cut Your Tax Bill in Half as a Real Estate Investor ▶ join.taxalchemy.com/registrat...
Learn How to Grow Your OWN Rental Portfolio & Reduce Taxes Legally! www.taxalchemy.com/consultati...
My Tax Strategy Programs:
Tax Free Living Bundle (47% off): taxfreelivingbundle.com/tfloptin
🏡 Buy Tax Alchemy Rental Loss Program Now: app.taxreductioncompany.com/t...
Book a Discovery Call to Learn More About Tax Alchemy: www.taxalchemy.com/consultati...
Check out these links Below!
Learn How to Self Direct Your IRA or 401k: directedira.com/karltondennis/
*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
#taxes #taxfreeliving #taxexpert #taxreduction #llc

Опубликовано:

18 авг 2022

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 251

@EdsonDRojas Год назад

Wow, I had to watch this twice, great intel! no one gives specific tax strategies for free, most youtube chanels are all fluf and no or very little info. Respect!

@toddhaskin3651 Год назад

I thought cost seg only offsets passive income? I was told my rental properties depreciation cannot be realized on my active business income.

@metakmoto Год назад

Also after you get to the point where you have real estate properties that are creating depreciation write offs for you, you will also be able to refinance these properties after 2-5 yrs and pull money out of the asset (real estate properties) tax free 😉. Remember that properties typically go up in value as well as get paid down (principal value) each month. This is where you can decide to re finance the property and pull out cash if you want to spend it and have some fun or use that money for other investments.

@whatsapchat-5890 Год назад

👆👆

@jocelynmorris-bryant6435 Год назад

This is so Good! So tired of buying to offset my taxes. I need a consult!

@LAKitchen Год назад

I PAID $3000 TO A LAWYER WHO EXPLAINED THIS WHOLE THING BUT YOU DID IT BETTER HERE IN THIS VIDEO!! THANK YOU!!

@MelodicMoments411 Год назад

This is definitely one of the most perfect tax strategies that I’ve ever seen. Refreshing to so how well it’s explained. Looking forward to working together

@patrickm444 Год назад

A couple caveats to his rental depreciation - if you are not a real estate professional, long-term rentals do not offset w-2 wages. Short term rentals do. He skips a few of the details here and there that can have major implications if you do not work with a tax strategist and think you can do this on your own (sales pitches and broad strategy sessions rarely delve into the details)

@EdwinE69 Год назад

Man, you are the GOAT. The best channel of tax strategy is this one

@jasonmanchester5812 Год назад

Thanks Karlton for all of the generosity of info that you and your mom give on RU-vid!

@everythingiseverything6826 Год назад

Karlton, this was great! Thanks for the precise breakdown of how to think about setting up a business or businesses! You really seem to enjoy what you do and it translates into you being excited about teaching it! 💙💫👍🏾

@cjmixer99 Год назад

This video really got the gears spinning in my head. Such a new perspective to consider! This is awesome. Thanks for the great info here! New subscriber here 🙂

@934rex Год назад

Sir, how were you able to quickly divide 1,000,000 by 27.5??? You are a genius!😅

@theuncommonsenseman5006 Год назад

This is a shell game that doesn't actually alleviate ANY tax burden. Yes the mngmt company adds places for writeoffs but it also adds costs that eat up the savings of addt writeoffs.

@vacationeveryday Год назад

This was amazing even for those of us with smaller businesses and portfolios

@berencia Год назад

Can’t believe this is free thank you so much

@augustoarias4786 Год назад

How does ordinary income get offset with passive loss. I thought they couldn't offset each other?

@mplscarsales6652 Год назад

Fire 🔥 information Thank you Karlton

@bobsides59 Год назад

#KarltonDennis SIR why wouldn't his COPE LLC roll up into a Family Trust? He's the Grantor, he has Grantees / beneficiaries, you could be his Trustee . That way the Trust pays the 'IRS Taxes at a much lower rate, and he owns nothing?" Making him effectively "suit proof."

@economicdevelopmentplannin8715 Год назад

LLC for active income flows into the s Corp management company Then s Corp and passive income LLC flow to the revocable trust This flows down to the 1040. Maybe he discussed this one off camera 📸....

@kristaseay9046 Год назад

This was one of the best videos translating accounting to the business owner. Many Accountants that provide tax planning services speak above the business owner and their heads spin during these strategic meetings. Kudos to you, Karlton!

@henryvo1792 Год назад

why does this not have more views, this is brilliant!!!

@_JJsMusic_ Год назад

Fantastic video good job 👍🏽!! Very helpful to the industry of today

@Abruce23 Год назад

This has got to be the most informative video I think I have ever seen on RU-vid . Incredible!!!! 🔥🔥🔥

@officialkolade Год назад

broo 😮

@ccbluesky9780 Год назад

Woooooooow🔥🔥🔥I have so much to learn about real estate! Thank you for sharing your knowledge 🙏🏽 😊

@thulfim7654 Год назад

Dude THis is the best video on RU-vid ..... You are gold.... I did not want this video to end

@guest4996 Год назад

This strategy holds more value for high-income business owners. I'd like to see a strategy more aligned to high-income W2 employees/families that are just getting started using real estate as a wealth-building and tax saving method. Is that explained in another of his videos?

@JB-ko4rp Год назад

I would also like to know this. In the video he mentions "easier as a W2 employee" when talking about need for it to be long term rental or Airbnb. A previous video made it sound like this only worked (bonus/accelerated depreciation) if you were a Real Estate professional. Would really love to know how this can be made to work for people with primarily W2 income. Would buying the property under a real estate LLC be enough and since the gains/loses pass through to your personal income it still works out? What about offsetting capital gains from stocks or crypto?

@taxleverage Год назад

@@JB-ko4rp If you’re a w-2 and don’t qualify as a real estate professional there’s a 25k limit on real estate losses that you then phase out of if you make too much. If you’re subject to the limit then the cost seg wouldn’t usually be a good idea

@fordbenjamin2452 Год назад

Im loving the way he breakin this down

@ralexis12 Год назад

Another great vlog 💪🏾🔥🔥🔥

@samsontadesse3975 Год назад

This is very informative info! Thank you, your spot on. Thank you!

@vandennis Год назад

Thank you for coming to my office and helping me put a fire game plan together !!!

@doncorleyone Год назад

Fire 🔥!! This stuff is fascinating af!

@NateOBrien Год назад

My guy Karlton sharing his wisdom!

@karltondennis Год назад

My man! Appreciate you brother

@SuperFoodParents Год назад

Forming a management group solves the conundrum that many of us have with multiple businesses. Thanks so much for filling in the gap that Robert Kiyosaki left for us to figure out✨️

@IronMind23 Год назад

Does Management group means holding company ?

@quentthomas5782 Год назад

@@IronMind23 essentially

@jenninemorel7693 Год назад

Exactly

@gatispaeglisproduction Год назад

This is gold! Thanks

@ameeraabdulhaqq5858 Год назад

Great video but I need to mention as an Enrolled Agent the error about single member LLC. If you as a person are the only member of your LLC the IRS calls it a disregarded entity. Which means you will file form schedule C with your 1040 tax return. You will not receive a K-1.

@zakzak3510 Год назад

@JG You are correct. This guy and his mother Karla Dennis are GIVING BAD ADVICE and HALF TRUTHS. He doesn't say after 3 - 5 yr cost seg is used up then ALL rental income becomes taxable. This is a VERY SHORT term "game". He needs to get himself a LOT more education before getting on a public forum like this.

@1blkqueen845 Год назад

You are an Angle for sharing this information.

@JROCThaGreat Год назад

I doing well, but was getting ready to run into this issue in a year or 2, this helps so much, thank you EDIT. Cant believe this is free, this is crazy. I set a crazy goal for myself and this will allow me to do it. So thankful

@Mstroup93 Год назад

This is insane, thank you for everything you do

@Calisun73 Год назад

This was actually a well explained video..wow. no fluff

@Rg_explode Год назад

Good info but i feel like a vid about making a management company in detail is something you haven't made yet karlton

@erollers Год назад

🔥🔥🔥🔥🔥 Another one!!!

@dimi3446 Год назад

Great information! Thank you!

@whatsapchat-5890 Год назад

👆👆

@wendellotanael5201 Год назад

Amazing Dude!!!

@olandofuller5588 Год назад

If you buy land instead can you use the same strategy, paying someone to cut the grass, and maintain the land? 🤔

@DPC86100 Год назад

Amazing Video....THANKS!

@hex_famous4207 Год назад

can you just create a LLC to purchase real estate to offset personal capital gains?

@richardstratton7257 Год назад

I love all your content.

@TooMuchToThink1 Год назад

Also the other problem is: all this is wealth generation; but the issue I take is, even as was expressed in the video - how does one get to enjoy the money they worked so hard to make? Ie you made the $600k, spent $300k on that 20% down property to buy it as an investment, you’re told if you don’t wan to get taxed on the other $300k you gotta invest that too, so then when does anything come to you to go and spend and have fun?

@curvymuse907 Год назад

Facts! Learned this at a investment mastermind

@ladonpariion Год назад

Nicely done

@amalik009 Год назад

how do you propose he's going to qualify for REP with his other side businesses? That 750 hours when you are not in the real estate is very difficult. It is a high audit probability too. I'm glad you inserted the warning notice in the video.

@ashishagrawal4906 Год назад

Good video Karlton. Question - Which company would you recommend for opening up a Cash Balance Plan?

@avanmutumba Год назад

This is Great!!

@brentparker9527 Год назад

Karlton, instead of purchasing a property could I purchase a business to get the same or a similar tax deduction?

@intheknow360 Год назад

Thanks so much ❤️🔥💎🙌🏽🙏🏽

@joemarnapoleon9497 Год назад

I love the Grant Cardone name drop!! Love your content!! You,ve inspired and educated in ways I never dreamt possible!

@BillyGreen1920 Год назад

Thank you.

@1sharifinvest1sharifinvest15 Год назад

Bro You Are A Young Goat.!! You Continue to Educate Me and Improve My (" Mind Set ").. Impressive 👋🏽👋🏽👋🏽🔥🔥🔥🔥✍🏽✍🏽✍🏽🔥🔥🔥

@whatsapchat-5890 Год назад

👆👆

@sammi1981 Год назад

Wow this is a great video

@dabrownhornet99 Год назад

Brother Karl Karlton you're a godsend!

@livingworship597 Год назад

I would definitely buy an online course from this guy

@dhowto3005 Год назад

Thanks.

@number22torres Год назад

This is tough !

@lisaday8583 Год назад

You're absolutely AMAZING!! Do you help people in Texas?

@robertocorporan6677 Год назад

Bro. For the right person this is life changing. 🤯 it is to me.

@nathanielbarbaran1950 Год назад

DAMN! my man is teaching right here thanks for the insight on all of this. very eye opening how long will cost segregation be around or is it the bonus depreciation that will go away eventually? hopefully it doesn't go away just lower the amount.

@courtneymcneal8197 Год назад

Please explain why this has to be an Airbnb and not a long term rental

@taxleverage Год назад

You have to be very careful with real estate losses. If you can find a way to qualify as managing an active business/material participation, you may be able to offset income from other active sources (e.g. w-2). Airbnb is more likely to get you this result, but not guaranteed, especially if you hire someone to manage (then it will be limited to passive losses). There are a lot of details missing and more requirements to make sure real estate losses can actually offset other income with depreciation rather than just give you suspended losses to carryover

@biancac5967 Год назад

First off, your awesome!!! Your changing my life financially in the best way. So thank you! I have 2 questions- I’m in texas, does the LLC to s-corp advice still apply since tx doesn’t have state tax? Question 2- do you have any recommendations for a tax person for me to hire in Houston? Of course I would want this person to be as knowledgeable as you or close to it. TIA!!! I’m a fan!

@slayermeb Год назад

Liked and subscribed!

@michaellaforte6964 Год назад

Why are the AirBnB’s preferable?

@joshwalker9343 Год назад

When using regular depreciation along with bonus depreciation does it create a dollar for dollar deduction? Also, If I were to write off $600K in the first year using a cost segregation study and bonus depreciation, what if I do not buy another property the next year? Last question, when doing a 1031 exchange is the current value of the property used to calculate the price of the next property I need to purchase to avoid taxes or is the original purchase price used? Thanks for all your video's, I've learned so much from you.

@theflexxllc6897 Год назад

Karlton is a lefty like me 😀. I appreciate this valuable info to help us during tax season.

@whatsapchat-5890 Год назад

👆👆👆

@santanaacker1377 Год назад

Me,THREE!!!!!

@H20zz Год назад

Looked like a good video overall, but the audio was bad

@momscandaytrade Год назад

this is supper good food. thanks bro

@sachaarthurton6451 Год назад

I want to know when are you coming to New York to do an event like this

@Dr.Leveille Год назад

I appreciate you man.

@whatsapchat-5890 Год назад

👆👆👆

@stefendon9840 Год назад

I swear to God nobody is teaching in America like this the way you're doing this is most amazing strategist and also on RU-vid because you will search the entire RU-vid from top to bottom you will not find detailed explained tax strategy stuff like this ❗❗❗

@whatsapchat-5890 Год назад

👆👆

@Akingsjourney Год назад

Truly the gem I been looking for thank you. One question is it worth putting the mgmt company in a trust to pass the structure along to my dependent? Or make my dependent 1% partner.

@TooMuchToThink1 Год назад

Anyone else feel like he fell off on explaining the benefits of the parent cope llc company? Llc is still pass through, so the management fees that are income for the parent will still be taxed, so what are taxable benefits of the parent company other than management expenses (which were expenses that were independently documented in each llc prior to creating the parent)?

@whoever137 Год назад

Brilliant.

@BarryHart Год назад

Very well presented Karlton. One question: With an operational LLC that holds rentals or other cash flowing hard assets, and depreciation is being taken, when you exit a few years down the road (assuming no 1031), how do you deal with recapture on the depreciation that entity has taken?

@frankh.5378 Год назад

my guess is you are stuck. it is like hotel California. either you lose by filing all those depreciation as capital gains during the selling or you keep it forever!

@tylermorales358 Год назад

The only thing i don’t understand is wouldn’t the Management company have to declare the money that was transferred from the other LLC’s as income and it be a wash? Where does the deduction come from?

@taxleverage Год назад

Yes, it would be a wash - almost all deductions create corresponding taxable income, and definitely income to a management company would be taxable

@knpstrr Год назад

minute 13:00 is where it is at: "Expense your investments".

@alcomproduction Год назад

Should the Manegment company be a single file LLC or can it be a multi member? Should the LLC own or manage the LLC’s. If own, what about the board member shareholders of those LLC’s to be managed?

@bryanjones2731 Год назад

Invaluable info!! My only question is, if my llc is already being taxed as an s corp and have payroll setup before forming this New Management company. How do I get around the payroll aspect that is required for a S corp? Do I setup the Management company as a contractor and pay that Management company thru my already setup payroll from the s corp? Or do I remove the s corp tax status from my 1st company and setup the Management company as the s corp? Sorry for having diarrhea of the mouth but I didn't know of any other way to simplify this question.

@jennyreed7134 9 месяцев назад

You had me at "what's a million divided by twenty seven and a half? "

@aijiexi Год назад

My question after watching this is how do you maintain your day-to-day if you are not moving money from your operational LLC to the parent company to the end of your fiscal/tax year?? As a W2 employee??

@courtsidggyuhhg Год назад

THIS IS FIRE

@katdad.toyota Год назад

Wife and I are planning on forming a LLC. We want to be 50/50, but would it be better to form a multi-member llc or single member llc being married?

@WEBVDO Год назад

So, when the time comes (old age) to get out of the game, what do you do?

@papakhalifa1955 Год назад

I am glad I watch this game changer

@henryvo1792 Год назад

this taught me more than college, and i'm still in college lol

@stevemckenzie8103 Год назад

Can each company fund and maximize retirement , and also reduce your taxable income?

@chrisqin8780 Год назад

Why moving money from LLC to management LLC is a tax deduction? I don’t get it

@AccountantJSP Год назад

Correct me if I am wrong, but I believe in a 1031 exchange you will carry over the adjusted basis in the property given up. Meaning you will not then be able to reup a cost segregate on the 1.9 million dollar new property received.

@w2bshop Год назад

How do you account for the income generated by the rental property? That can offset the deduction unless you are renting at a loss.

@lanamarx5277 Год назад

How do you qualify for cost segregation study? We have commercial buildings, do we qualify? And how do you start? Do you need to hire somebody special?

@taxleverage Год назад

There are specialists to hire if you google them - make sure whoever you hire, if it's not a new purchase building, then you also need to file an accounting method change form (Form 3115) with your return or the cost seg can be reversed by the IRS. So try to find a specialist who also preps this form since many CPAs will mess it up and not file it properly.

@michigan_616 Год назад

Could the management company be a Living Trust? Or would there be an additional layer to add the Trust first then create the Management LLC underneath?

@hearmeoutwbandz9274 3 месяца назад

Problem i see, unless ive been misinformed, you cannot open a business account for the operational businesses if they are owned or controlled by a holding/management company

@geoffreyschuchardt5350 Год назад

What is the professional position title that can help with this type of thing? Is this something I should contact an accountant or a tax attorney about?