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The Rich Somers Report

Tax Loopholes & What To Do When You’re Audited | Amanda Han E190

The Rich Somers Report

Rich Somers

Business, Entrepreneurship, Investing

5910 Ratings

🗓️ 21 May 2024

⏱️ 77 minutes

🧾️ Download transcript

Summary

On today’s episode, Rich sits down with Amanda Han – Real Estate CPA, Tax Strategist, and Managing Director of Keystone CPA. CPA by day and real estate investor by night, Amanda Han is a tax expert who helps entrepreneurs and real estate investors save money. When she’s not busy helping others with their taxes, she’s looking into the numbers to help leverage her own real estate portfolio. She’s been featured on Money Magazine, Google, and Forbes.Rich and Amanda start off by discussing the pod...

Transcript

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0:00.0

So if we're talking about a doctor who pays, you know, 50% taxes between federal and state on his earned income,

0:06.3

but the syndication gives him another $20,000 of cash flow that he's paying no taxes on,

0:11.6

I think we can all agree that some pretty significant tax savings.

0:16.1

Welcome to the Rich Drummers report where we talk real estate, business, and wealth building all while keeping it real.

0:21.5

No fluff, no BS. I hope that you enjoy the show.

0:27.0

All right guys, welcome to another episode of the report today.

0:34.0

We got a very special guest who's actually going to be joining us for our Beers and

0:37.5

Deal's meet-up tonight, rooftop here in downtown San Diego Liddely, We just came out for our yacht meet up last weekend.

0:44.0

We got the Bears and Deals meet up tonight and looking forward to it, but really excited because we got a repeat guest today. We got a good friend of mine.

0:52.0

We got Miss Amanda Hahn

0:54.3

welcome back to the show yeah thanks for having me rich I love the podcast voice

0:59.0

coming out mmm we were just talking about that before you said you said I'm the same personality off air and on air

1:06.0

Pretty much okay okay but you know I think I noticed when like other guests come on a lot of a lot of folks that come on

1:15.3

especially the ones that are like building their brands the Grant Cardones the

1:20.2

Pace Morbies the Ryan Panadas those folks I notice when the lights come on they do have another gear.

1:26.4

So I don't know that's interesting. I'll have to I have to observe a little bit

1:29.4

closely now that you mentioned it. Yeah, I do think you have a little bit more of an elevated gear, but it's still, I think it's still

1:36.6

similar, it's sort of still that natural you, you know, so it's the same, it is a little

1:41.5

bit elevated. Okay.

1:42.6

Yeah, I appreciate that.

1:44.6

So, Amanda, you live up in Orange County, Irvine, right?

1:48.6

Okay, so you drive down the street.

...

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