5 • 1.1K Ratings
🗓️ 12 April 2024
⏱️ 56 minutes
🧾️ Download transcript
This week, Josh Ferrari sits down with tax specialists Amanda Han and Matt MacFarland to delve into the significance of tax planning, recent tax reforms, and charitable giving. Their conversation covers topics such as the decision to establish trusts, strategies for locating trustworthy CPAs, and additional tax-related considerations. Tune in as they provide insights into navigating the complexities of taxation and offer guidance on optimizing financial strategies.
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0:00.0 | You're listening to the Creative Capital Podcast. You're dying to learn about how you can |
0:09.3 | create wealth through real estate investing, then you can come to the right place. |
0:13.0 | Join in every week as we go over the ends and outs of real estate investing |
0:18.0 | and learn how you two can become financially free. |
0:21.0 | Right because if you wait until October to fall, you've got nine and a half months of 2023. |
0:28.0 | So then you can, you know, make some, there's certain decisions you can make with respect to your |
0:32.0 | 2022 taxes that point in time to decide, |
0:34.4 | hey do I want to, you know, accelerate this depreciation of 2022 or do I want to save it for 2023 because now I can see that |
0:40.9 | 2023 is going to be a much higher income year for some reason. |
0:46.4 | What's going on everybody? This is Josh Ferrari, host of The Creative Capital Podcasts. And as you you know I'm always excited I'm always motivated I'm |
0:56.6 | always happy to be here with you today and honestly be with my guests here today |
1:00.7 | Amanda and Matt, who are absolute stellar stud |
1:06.8 | killers in the tax saving realm, as CPAs themselves, |
1:12.0 | accountants, those helping us that are less financially, less, |
1:20.1 | maybe academically or tax strategy savvy, |
1:25.9 | you know, we hire CPAs, |
1:27.8 | we hire other people that have that skill set |
1:30.0 | that are really motivated and excited |
1:32.0 | and knowledgeable about that area to help us as real estate investors in our own realm of different tax savings. |
1:40.0 | There are so many different various ways to make money in real estate, but there's also so many |
1:45.8 | different ways to lose money in real estate. So many different ways that taxes have to be paid. So how can we preserve that wealth? |
1:52.1 | We're doing all this work and effort and time and committing to try to make the money. We want to keep as much as we possibly can. So today that's really what we're talking about. True preservation of wealth. What are some different strategies and ways, tips and tricks that we can actually do that. |
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