Welcome back to another installment of Tax Tuesday! Tune in as Michael Bowman, Esq. and Eliot Thomas, Esq. break down your tax questions.
0:00 Intro
17:20 Is my income still considered “income” if I show it on my tax return? Will this be a hindrance to getting an investment loan or a home equity line?
22:14 I have two Limited Liability Companies (LLCs) in California that I filed as a partnership 1065. Is it advised to create another LLC as a holding company for both LLCs? Should it be disregarded or filed as a partnership?
28:03 How can full-time Limited Partners (LP) in private equity and real estate syndications or stock investors offset the income of these activities with expenses?
41:26 We have 7 rental properties set up using the Anderson Business Advisors (ABA) structure using a C corporation. Are there any deductions for part-time real estate employment?
48:14 What are the tax benefits of putting my primary residence in a trust?
51:36 What business structure is best for anonymity? How do I submit taxes anonymously without my tax information flowing into my personal taxes?
57:45 What is the best corporate structure for optimal tax savings?
59:24 What kind of tax incentives are available for real estate investors to cut down on taxes?
1:01:45 Is it best to use an S corporation or a C corporation as a real estate investor opening my first Limited Liability Company (LLC)?
1:05:26 I started my Limited Liability Company (LLC) last year to invest in a business or real estate. Currently, I am a W-2 employee. Can I write off any expenses if I haven’t made money in my LLC?
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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. Learn more at https://aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
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