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Epic Real Estate Investing

How to Write Off Hundreds of Thousands of Dollars THIS Year | 527

Epic Real Estate Investing

Matt Theriault

Business, Investing

4.7955 Ratings

🗓️ 27 November 2018

⏱️ 11 minutes

🧾️ Download transcript

Summary

Today we are focusing on a specific provision of the tax code that can write off hundreds of thousands of dollars on your tax returns. Learn what the 179 deduction is, how you can benefit from it, and how to minimize your tax liability in creative ways. 

Transcript

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0:00.0

This is

0:02.0

is Terrio Media.

0:05.0

Did you know that up to 50% of your lifetime income will be wiped out by taxes?

0:10.0

What if you could stop this madness?

0:12.0

Isn't it about time you play on a level playing field with the wealthiest 1%?

0:17.0

Now you can.

0:18.0

Tim Berry, attorney-at-law, shares here each and every week current tactics and strategies that anyone can implement

0:25.1

to hack the tax code. Protect your assets and keep what's rightfully yours.

0:30.2

It's time for Tax Hacker Tuesday.

0:33.0

Hello and welcome to the epic real estate investing show.

0:37.0

It is Tax Hacker Tuesday with my attorney and friend Mr. Tim Berry.

0:40.0

On Mondays here at Epically Show You New and Creative Ways ways as well as time-honored ways of making money using real estate and on Tuesdays

0:47.1

Tim shows you how to keep it. Hello Tim

0:50.3

Hey Matt, how are you doing? Very good, thank you, sir.

0:54.0

We've got a boring episode for everybody today, leaving off of last week, but no, it's actually

1:00.0

really exciting.

1:01.4

So we're talking about the different types of things that we can do here in the

1:05.6

fourth quarter and prepare to mitigate your tax bill in next year for 2019. 2018 taxes which paid in 2019 is what I'm trying to say and

1:16.0

so we kind of went over some general stuff all about the concept of just lowering

1:19.3

your income in increasing deductions prep prepaying expenses.

1:23.0

Let's get more detailed, I guess, today, right?

1:26.0

What are we going to talk about today?

...

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