You may have seen Donald Trump in the news recently for more than just election coverage. It turns out he paid very little taxes in 2017-2018, and we’re diving into how that is even possible in part one of my interview with Marcus Crigler. Marcus is the founder and CEO of BEC CFO, a tax expert, and a mentor, and he also runs a CFO Organization for high-income and high-net-worth businesses and individuals.
We’re discussing the idea that the IRS is really a playbook that we should all learn how to utilize to win the tax game, know the rules on, and understand how the system works. Marcus will also be sharing his insider knowledge on tax deductions for businesses, the three different types of tax professionals, and why you may want to consider having more than one in your back pocket.
- 5:00 – How an investor can recoup losses and why real estate is more tax advantageous.
- 8:55 – Why it’s possible that somebody as wealthy as Trump may have paid very little taxes in some years.
- 12:25 – The three types of advisors that you should be aware of when it comes to taxes.
- 18:03 – How a tax strategist thinks outside the box to help you win at the tax game.
- 20:39 – The value a tax strategist can bring based on your income level.
- 23:50 – Why it’s often beneficial to have your tax strategist also prepare your taxes.
- 26:61 – Marcus’ advice for working with both a tax strategist and tax preparer simultaneously.
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