Loan Money From Your Business To Avoid Taxes😱

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*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:

15 май 2023

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Комментарии : 62

@DavidVelasquez9 Год назад

I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock opportunities so far for the tech stocks.I believe having 175K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and losing all the good opportunities

@DavidVelasquez9 Год назад

@Emilio Yepez Hi , please who is the expert assisting you and how do I reach out to them?

@DavidVelasquez9 Год назад

@Emilio Yepez Thanks for sharing, I just looked her up online and I would say she really does have an impressive background on investing

@estateprofessionals 7 месяцев назад

Read the book "the Psychology of Money" by Morgan Housel. Buy SP500 index, don't try to beat the market and just hold. Time is the magic.

@harleminthebuildn9234 Год назад

THESE SHORTS ARE SO INFORMATIVE. KEEP THEM COMING 👏🏾👏🏾👏🏾🙂🙂🙂👍🏾👍🏾👍🏾🎯🎯🎯

@LifeStrategies2.0 Год назад

Love it! 🔥 I have a lot of my professional athletes and celebrities do this. Keep it coming big dawg! 💯

@1072309man Год назад

Definitely leveraging this strategy.

@AnilKumardoc Год назад

Can you do this with LLC or it has to be a C corp?

@MichaelSingleton44 8 месяцев назад

Needs to be a C corp.

@nyrbn 5 месяцев назад

@@MichaelSingleton44what about s corp

@mcs184 Год назад

🎉 😲 Awesome "C-corp" loans??! 😮 This is truly enlightening!! Thank you for sharing 🙏

@Cocoa.Tresbelle Год назад

Omg I love you , like every day now you are on my feed ❤ sharing your intellect generously 😊 Thank you

@unclemanny3200 Год назад

can you do that with an s Corp?

@Theonedjbg Год назад

I was about to ask the same question

@frankyteleoise1862 Год назад

This dude is legit!

@kiddcosmos Год назад

I have a S Corp. & loaning & repaying & distributions are how I survived. We’ve operated at a loss for over 30 years. Our CPA has been directing us but not sure about the structure. Love to have your advice.

@sigmachilddevelopment 4 месяца назад

Can you tell more about c-corporation

@naylemard1679 Год назад

Good to know 😌

@artpuente3401 Год назад

This guy knows his stuff. I'm also a tax professional

@nesfinance Год назад

I would definitely do this but I'm still the main first step away getting a llc

@waneframe Год назад

This Guy should be called Anti Tax Man!

@user-mf1vp4tn3f 6 месяцев назад

Can you help me set up a business c corp and also an LLC for a nursing agency I plan to open

@jensenjorshina9945 Год назад

I think in India (whr i liv) it is safe to loan money from Nationalised bank rather than Private or local banks

@topbossrecords 5 месяцев назад

I need more info bro

@e.martinez2525 Год назад

Do we need a type of form for documentation

@HesarealNoWhereMan Год назад

How do you start a c corp?

@sharoonanwar1178 11 месяцев назад

What about S-corp?

@ChocoBeanChat Год назад

I have approached this method and the attempt was difficult to do alone. Also, do you give 1 on 1’s because I have a unique trial H&R Block is afraid to deal with.

@SaveTheHouse12 9 месяцев назад

So, do you need to pay it back?

@marktrani6507 Год назад

This is great information but 1 major question i need answers to is who writes that loan? Do i walk into my bank and ask them for the money against my C-Corp? Thank you in advance for explaining this further.

@andrewvazquez6412 Год назад

Can I do it on a s-Corp?

@arkmansolutions8159 Год назад

Karlton is a Tax Wizard!!

@datruthbelow Год назад

Does taking a loan from your business impact your credit score?

@datruthbelow Год назад

And would I be able to report the loan as a loss?

@johnsolarin3851 6 месяцев назад

this strategy is too late for 2023 if the loan has not been disbursed?

@jonathantucker2728 Год назад

I’m Thinking Of Starting A Business With C-Corp and Bot A LLC

@kennethlewis1729 Год назад

What about LLC?

@VinylRundown Год назад

Don’t you have to pay tax on retained earnings?

@emilioreyna5522 9 месяцев назад

You need the loan amount liquid in the business ? Or just leveraging the business ? Say for a mortgage ? Asking for a friend

@jessl5024 Год назад

Can you do this with an S Corp too?

@drewmcdowell4989 Год назад

Good question, I’m wondering the same thing

@lenaaceto3451 Год назад

I was just coming in here to ask the same question

@ManojKumar-bj6zp Год назад

I am here for same reason 😫

@renees8262 Год назад

S Corp is even better because assuming basis you don’t have to loan. You just take a nontaxable distribution. But yes you can take a loan from your s Corp too.

@bikinggreg Год назад

You've already paid the taxes on the undistributed retained earnings in an S-corp so there is no reason or benefit to making a loan. You can simply take a distribution.

@devontescott2803 Год назад

Information?

@jahmeheru Год назад

❤❤❤

@mwdub02 Год назад

Yeah with that comes double taxation too

@skyrimdovah420 Год назад

Yeah but the c-corp tax is 21% compared to the 15.3% for self employment tax so depending on loan size and the charged interest rate you can save money like this… its a situational thing but a valid strategy to leverage for some

@ryderscott5150 Год назад

Hes smart ill give him that, but he still living in the statutory entity world that they offer us. I wanna hear more people thinking like a rockefeller

@Psa354318 9 месяцев назад

And pay it back with taxes money

@krazyd00 Год назад

Does this work the same for a s-corp?

@superlativeopulence Год назад

You're also able to take distributions

@1empyre1life Год назад

Yet another reason why a C corporation may be the way to go

@LaEscuelaDelEncanto Год назад

EPIC

@NorthTexasEagle1989 Год назад

I subbed after the 1st video I saw. I want to be you

@QE.GYHOOYA-OYE 11 месяцев назад

Karlton: Can a person who owns a closed corporation buy shares of the corporation to increase capital of said corporation? 🤔. QUESTION EVERYTHING: What Is The Truth (WITT)??? 🧐. GYHOOYA: OYE!!! 😇