Beyond Write-Offs: How to Use R&D Credits & Commercial Loopholes to Wipe Out Your Tax Bill
Wealthy Way
Ryan Pineda
4.9 • 2.2K Ratings
🗓️ 1 June 2026
⏱️ 12 minutes
🧾️ Download transcript
Summary
Think real estate is the only way to slash your taxes? Think again. In this segment, Greg Taylor breaks down the massive difference between a tax deduction and a tax credit, specifically focusing on the heavily underutilized Research and Development (R&D) credit. The guys discuss how testing new processes or building proprietary software can return hundreds of thousands of dollars directly to your pocket, and how to look at short-term rentals like AirBNBs through a commercial lens to unlock advanced wealth-building strategies.
Transcript
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| 0:00.0 | we actually, I mean, I let off with this. Like, we audited my taxes from like 2022. And there was a thing in the big beautiful bill. And you told me, you were like, hey, you know, you should really look into this thing. Like we've done it for the other clients and everything else. And, you know, we, we hadn't, or we had just partnered up. And so I was like, yeah, like, let's do it. You know, moving everything over anyways, like, let's just go through the whole process |
| 0:24.3 | as if I was a brand new client. |
| 0:26.6 | And you set me up with the R&D people. |
| 0:30.9 | Yeah. |
| 0:31.9 | And it's nuts. |
| 0:33.1 | These guys were like, oh, yeah, you know, with this and this and this and the R&D, you know, we can do 22, 23, 24, 25. I'm like, I never did this before. What is R&D? Research and |
| 0:46.0 | development. So basically any type of research that you're doing are trying to develop new processes, new products, new programming, or anything like that, |
| 0:55.2 | all of those things. |
| 0:56.5 | If there's uncertainty and risk associated with it, you have to follow a couple other, |
| 1:00.9 | jump through a couple of other hoops, but then you can, yeah, have a huge tax credit for that. |
| 1:06.5 | The worst part about making a lot of money is that you have to pay a lot of taxes on it. |
| 1:10.4 | This is exactly why I've partnered with Taylor Tax Strategy. |
| 1:13.1 | You may have heard me talk about all these different types of strategies like cost |
| 1:16.7 | segregations and depreciation and lots of other things. |
| 1:20.0 | But the reality is there are so many other strategies right now that you can be taking |
| 1:23.5 | advantage of. |
| 1:24.4 | The team will audit your situation this year and also previous years to |
| 1:28.5 | see if you're entitled to tax savings that you did not take advantage of. So if that sounds good |
| 1:33.1 | to you, go to Taylor-Tax.com today. Can you give an example of like what that looks like? |
| 1:38.4 | So like what happened with me was obviously I do a ton of R&D. I'm like always testing new things and building things and you know, all that stuff. |
| 1:47.5 | And I already forgot the rules of like how it went down, |
| 1:50.5 | but there was like four things they would check. |
... |
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