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Flashback Friday Ep 54 - The Tax Brain Surgeon: Don't trust your CPA!
In today's flashback Friday episode of the Share The Wealth Show, Verline Davis takes us on a journey through her career as a tax brain surgeon, property manager, and real estate investor.
Tune in as she shares her story and provides valuable insights into how she got started in these fields and achieved success.
Vearline Davis is a Tax Strategist who helps clients with Advanced Tax Planning. Her journey began when she purchased several rental properties and was surprised to find out during tax time that she was not considered a Real Estate Professional and had very few write-offs.
After years of research and from the experience of her previous CPA, she learned that not all tax professionals are created equal. Verline believes in the power of tax planning and enjoys seeing her clients transform and achieve financial success, and improves their overall well-being because they do not have that added stress running in the background.
Verline's journey is sure to inspire and educate. So sit back, relax, and let's dive into Verline's fascinating story.
________________________________
Interested in investing in small multifamily? Learn more about The Microfamily Mavericks mentorship program here:
https://www.microfamilymavericks.com/casestudy
Check out our podcast website!
Thesharethewealthshow.com
Want to leave feedback or suggestions on our show?
Take our survey: https://s.surveyplanet.com/c1xu5qdv
________________________________
[01:17 - 12:13] Who is Verline?
How she got into these fields (Property Management, Tax planning, and Real estate Investing)
She shares her experience with her previous CPA which gave her a lot of trouble.
The realization that not all CPAs are alike.
How she financed her first properties
Strategy in purchasing properties
[12:14 -19:29] Next Phase of Verline’s Journey
How she started as Property Manager handling multifamily properties
How she was hungry to dig in and learn more about the back end of property management on a tax level.
[19:30 - 25:13] Verline as a Brain Surgeon
529 Alternative / 529 College Fund
Tax Planning
She teamed up with different CPA’s
Tax Strategy for W2 employees and start-up business owners
[25:14 - 37:16] Real Estate Professional Status
Two tests to become RE Professional
Work and participate 750 hrs a year
short term rental status
[37:17 - 38:07] Closing Segment
Watch out for part 2 of our conversation with Verline!
Quote
"I came to the realization, that not all tax professionals or CPAs are created equally." - Verline Davis
Connect with Verline!
Website: www.Capitalvsolutions.com
Instagram: / capitalvsolutions
LinkedIn: / capitalvsolutions
___________________________________________
Let’s get connected!
You can find Nicole on
LinkedIn / nicole-pendergrass
Instagram https://www.instagram.com/nvestornikk...
Facebook / nvestornikki
or Visit her website https://noirvestholdings.com
LEAVE A REVIEW & SHARE THE WEALTH by SHARING this EPISODE with someone who wants to learn the secret strategies of the wealthy and build an abundant life. You can listen to previous episodes of Share the Wealth Show here.
https://podcasts.apple.com/us/podcast...
View all episodes
By Nicole P.In today's flashback Friday episode of the Share The Wealth Show, Verline Davis takes us on a journey through her career as a tax brain surgeon, property manager, and real estate investor.
Tune in as she shares her story and provides valuable insights into how she got started in these fields and achieved success.
Vearline Davis is a Tax Strategist who helps clients with Advanced Tax Planning. Her journey began when she purchased several rental properties and was surprised to find out during tax time that she was not considered a Real Estate Professional and had very few write-offs.
After years of research and from the experience of her previous CPA, she learned that not all tax professionals are created equal. Verline believes in the power of tax planning and enjoys seeing her clients transform and achieve financial success, and improves their overall well-being because they do not have that added stress running in the background.
Verline's journey is sure to inspire and educate. So sit back, relax, and let's dive into Verline's fascinating story.
________________________________
Interested in investing in small multifamily? Learn more about The Microfamily Mavericks mentorship program here:
https://www.microfamilymavericks.com/casestudy
Check out our podcast website!
Thesharethewealthshow.com
Want to leave feedback or suggestions on our show?
Take our survey: https://s.surveyplanet.com/c1xu5qdv
________________________________
[01:17 - 12:13] Who is Verline?
How she got into these fields (Property Management, Tax planning, and Real estate Investing)
She shares her experience with her previous CPA which gave her a lot of trouble.
The realization that not all CPAs are alike.
How she financed her first properties
Strategy in purchasing properties
[12:14 -19:29] Next Phase of Verline’s Journey
How she started as Property Manager handling multifamily properties
How she was hungry to dig in and learn more about the back end of property management on a tax level.
[19:30 - 25:13] Verline as a Brain Surgeon
529 Alternative / 529 College Fund
Tax Planning
She teamed up with different CPA’s
Tax Strategy for W2 employees and start-up business owners
[25:14 - 37:16] Real Estate Professional Status
Two tests to become RE Professional
Work and participate 750 hrs a year
short term rental status
[37:17 - 38:07] Closing Segment
Watch out for part 2 of our conversation with Verline!
Quote
"I came to the realization, that not all tax professionals or CPAs are created equally." - Verline Davis
Connect with Verline!
Website: www.Capitalvsolutions.com
Instagram: / capitalvsolutions
LinkedIn: / capitalvsolutions
___________________________________________
Let’s get connected!
You can find Nicole on
LinkedIn / nicole-pendergrass
Instagram https://www.instagram.com/nvestornikk...
Facebook / nvestornikki
or Visit her website https://noirvestholdings.com
LEAVE A REVIEW & SHARE THE WEALTH by SHARING this EPISODE with someone who wants to learn the secret strategies of the wealthy and build an abundant life. You can listen to previous episodes of Share the Wealth Show here.
https://podcasts.apple.com/us/podcast...