Published On Oct 15, 2023
In this enlightening video, we'll explore a critical topic for anyone seeking to maximize their passive income while minimizing their tax burden. Understanding how to structure your passive income business can be a game-changer for your financial future.
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Passive income refers to the stream of income that requires minimal to no direct involvement from the earner. It's often associated with investments, properties, or business ventures that, once set up, continue providing a revenue stream without constant oversight or participation. This form of income enables individuals to allocate their time and effort elsewhere while enjoying financial growth.
Passive income is a great way to make money on your terms without working hard. However, it can be challenging to structure your passive income business in a way that reduces your tax burden.
By following these tips, you'll be able to save on your taxes each year and grow your business faster than you ever imagined.
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Show Notes:
0:00 Intro
0:22 3 Types of Income
3:48 Material Participation
5:47 Partnership Example
9:10 Outro
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ABOUT TOBY MATHIS
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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