Published On Sep 13, 2023
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0:00 Intro
7:54 What's the best structure for a management company? C corp or a partnership?
12:34 I have a HELOC on a rental property. I used funds from it as a gift for a downpayment of a home purchase for a family member. Can I use the HELOC interest payments as part of an expense for the rental property?
15:32 I am getting ready to retire in three years, and I own a small business as a single proprietor. As a single proprietor, when I receive Social Security will this show up as personal income?
17:45 Can you use the administrative office and Augusta rule deduction or is that considered double dipping?
22:12 When purchasing a property How does bonus depreciation affect a present tax bill for back taxes owed to the IRS?
24:23 We made a 5000.00 business loan . The business shut there doors. How do we document this bad. Debt Loss? Is it a tax write off?
28:03 Is a charitable remainder trust a good legacy and tax planning tool?
34:20 I bought a house last year with the intention of renting it out. I bought rental property insurance and never lived in it. Can I still deduct it and my expenses on my taxes?
38:02 Could you please explain what 'basis' is. I recently became s corp after 12 years sole prop.
45:27 Can an LLC taxed as a Partnership write off travel and other expenses to attend an investing seminar, such as Alpine CFS, where one would look at several properties and perhaps commit to purchase?
51:45 Outro
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Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
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