How To Save Thousands On Your Taxes This Year | Matt Bontranger

Brian Davila Show - Real Estate Investing, Building Wealth, Faith Based

Wealthy Investor - Real Estate Investing, Real estate, Build Wealth, Faith Based

Flipping Houses, Wholesaling Real Estate, Business, Investing, Rental Property, Real Estate, Real Estate Investing

2.5 • 884 Ratings

🗓️ 1 December 2022

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this podcast episode, Brian has on special guest Matt Bontranger to talk about tax deductions in relation to owning a business. The majority of the conversation consisted of Brian and Matt discussing how to get bigger tax deductions from your business, why you get massive write offs when you own real estate, and the importance of investing in accounting to maximize the potential write offs you can get. They also talk about how to write off taxes using specific items such as luxury cars and...

Transcript

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0:00.0	This is the number one podcast whether you're looking to flip, wholesale, or buy rentals.
0:07.0	Here at Future Flipper, we transform lives through Will Estate Investing.
0:11.0	And now, your host, Brian Thavilla.
0:15.0	What's going on, Matt Bontrager, the tax expert?
0:20.0	Yep. Uh, nothing.
0:22.0	Glad to be here.
0:22.8	Finally, we made this happen.
0:24.1	I know.
0:24.8	It's took a minute.
0:25.6	It's been a couple months in the making, but right on time for tax prep season.
0:32.4	Yes, that's exactly it.
0:34.0	We call Q4 tax planning season exactly.
0:37.0	Most people think tax times around like March and April.
0:41.0	Tax seasons really November, December.
0:43.2	October, November, December.
0:44.4	Yeah, perfect. So I wanted to have you on because I think it's important for entrepreneurs
0:50.4	to not only make millions, but I want them to save millions and not have to pay hundreds
0:59.2	of thousands of dollars to the IRS.
1:01.9	What I've learned as an entrepreneur is it's great to make a lot of money
1:05.8	but if you don't prepare for tax season you could end up giving half of that money
1:11.4	back and that sucks. Very true. You know shout-out. up giving half of that money back.
1:12.8	And that sucks.
	...

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