Discover the shocking consequences of handling complex tasks on your own. From real estate blunders to tax disasters, follow the gripping stories of individuals who thought they could do it alone, only to find themselves facing audits, penalties, and back taxes. Don't miss out on this eye-opening episode that will leave you questioning whether the risks are truly worth it.

In this episode, you will be able to:

• Recognize the crucial role of engaging professionals for intricate tasks in diverse sectors.
• Understand the pitfalls and hazards of handling intricate tasks without proper knowledge or assistance.
• Discover real-life instances where real estate agents confront properties sold by owners.
• Learn about common blunders people make when preparing tax returns independently.
• Gain insight into the widespread lack of comprehension regarding tax-related issues among the general population.

"When people start putting money as their main reason to not hire a professional, it has been my experience over and over again that will usually cost them a lot more in the end." – Jeff Hockett

Connect with Jeff:

Website: https://www.hocketttax.com/ 

Email: [email protected]   

Twitter: https://twitter.com/taxgamecoach 

Facebook:  https://www.facebook.com/hocketttaxandpayroll 

YouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 

LinkedIn: www.linkedin.com/in/hocketttax 

Instagram:  https://www.instagram.com/hocketttax/ 

In a plot twist that had our hearts racing and minds reeling, we stumbled upon the coveted playbook of the IRS. As real estate agents and tax professionals, this unexpected turn of events gives us a chance to stay ahead of the game, navigate the upcoming changes, and ensure impeccable compliance. Brace yourselves, for the secrets we've uncovered, will change the way we approach our business forever.

In this episode, you will be able to:

• Dive into the ins and outs of the IRS’s latest $87 billion bailout and its potential impacts on your tax scenario.
• Step into a new era of tax filing with the enhanced IRS technology for 1099 forms.
• Expose yourself to the simplicity of direct filing of original and corrected 940 forms and how it can save you time and effort.
• Familiarize yourself with the up-and-coming online accounts for taxpayers and how they offer seamless control over your tax responsibilities.
• Gain vital insight into IRS's intensified attention towards payroll compliance and audits, preparing for any possible future scrutiny.

“We all have past. We all make choices that maybe weren't the best ones, and none of us are completely innocent. But we get a fresh start every day to be a better person than we were yesterday.” – Jeff Hockett

Connect with Jeff:

Website: https://www.hocketttax.com/ 

Email: [email protected]   

Twitter: https://twitter.com/taxgamecoach 

Facebook:  https://www.facebook.com/hocketttaxandpayroll 

YouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 

LinkedIn: www.linkedin.com/in/hocketttax 

Instagram:  https://www.instagram.com/hocketttax/ 

In the world of real estate, Karen Briscoe was a determined professional seeking success. But little did she know that her journey would take an unexpected twist that would challenge her to her core. As she set out on a mission to sell a house a week, her fears and doubts threatened to slow her down. Yet, Karen pushed forward, seeking guidance and learning from the best in the business. What happened next was beyond anyone's expectations, a testament to the power of overcoming limiting beliefs. Brace yourself, for this is a story of triumph and transformation that will leave you yearning for more.

In this episode, you will be able to:

• Discover the secret to choosing the perfect mentor or coach to accelerate your journey to success.
• Break free from limiting beliefs and fears that are restraining your progress.
• Recognize the power of cultivating a purposeful mindset, to influence your way to success.
• Understand the crucial role you play in steering your way to accomplishment.
• Identify unique opportunities and learn strategies to leverage your potential, tailor-made for success.

"To achieve success, change the way you look at things. Once you put on a different lens, you'll see the world differently and opportunities will abound.” – Karen Briscoe

About Karen Briscoe: 

Welcome to the world of Karen Briscoe, a sought-after life and productivity coach, accomplished real estate agent, and savvy investor. Karen's brainchild is the much-loved Five Minute Success concept, which she brings to audiences through her four best-selling books and a hugely popular podcast. Yes, Karen is also an admired author whose works stand tall in the top 1% of Amazon's categories. With her podcast routinely soaring to #1 in Overcast's business category, she maintains quite a catalog of high-achieving guests. But what truly makes Karen extraordinary is her profound commitment to helping others overcome their constraints, increase their efficiency, and reach their fullest potential in a timeframe as brief as five minutes every day.

Connect with Karen Briscoe:

Website: 5MinuteSuccess.com

Twitter: @5MinuteSuccess

Facebook: 5MinuteSuccess

Email: [email protected]

Connect with Jeff:

Website: https://www.hocketttax.com/ 

Email: [email protected]   

Twitter: https://twitter.com/taxgamecoach 

Facebook:  https://www.facebook.com/hocketttaxandpayroll 

YouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 

LinkedIn: www.linkedin.com/in/hocketttax 

Instagram:  https://www.instagram.com/hocketttax/ 

Are you a small business owner struggling to retain your employees? Looking for a solution to maximize your Employee Retention Credits? Wondering how you can achieve the outcome you desire? Well, look no further! In this podcast episode, I will be sharing an effective strategy that will enable you to secure the benefits and incentives you need to ensure the stability and growth of your business. By implementing the learnings from this episode, you can unlock the key to employee retention and create a thriving work environment that fosters loyalty and productivity. Join us as we uncover the solution to your employee retention challenges and pave the way for your business success.

In this episode, you will be able to:

• Navigate the interesting intersection of technology and taxation, specifically how smartphones and the internet fortify tax schemes and misinformation.
• Discern the red flags of sophisticated scams hinged on the idea of employee retention credits.
• Learn about the variability in tax preparer competence and why this necessitates keen verification.
• Break down the scarcity of information accessible to small businesses about COVID relief initiatives.
• Appreciate why trusting reliable tax experts is of utmost relevance in securing compliance and sound advice.

"Working with a professional is so important, and as a business owner, you owe it to your business to have a professional tax guy in your corner." – Jeff Hockett

Connect with Jeff:

Website: https://www.hocketttax.com/ 

Email: [email protected]   

Twitter: https://twitter.com/taxgamecoach 

Facebook:  https://www.facebook.com/hocketttaxandpayroll 

YouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 

LinkedIn: www.linkedin.com/in/hocketttax 

Instagram:  https://www.instagram.com/hocketttax/ 

In this episode of More Money in Your Pocket, I reveal the secrets to financial success in business. From understanding profit and loss statements to maintaining exceptional customer service, I'll show you how to build a sustainable and thriving business. A chance encounter with a visionary named Bob Tiffin would unveil a secret to unlocking financial triumph. Prepare to be captivated as I share the unexpected twist that altered the course of my business forever...

In this episode, you will be able to:

• Tap into the vital role of analyzing your financial statements for achieving sustainable business success.
• Learn to navigate profit and loss statements and set goals that align with your annual business plan.
• Enlighten yourself about how stellar customer service and meaningful interactions can reinforce the life-support of your business.
• Grasp the need for flexibility, resilience, and adaptive thinking in the face of business uncertainties.
• Recognize the importance of regular introspection and financial tracking for the fine-tuning of your business operations.

"The profit loss statement is the roadmap to your company. It shows the income and expenses, and it shows where we can make cuts or make improvements." – Jeff Hockett

Grab a copy of Jeff’s book, “The Tax Game Strategy: How to Legally Leverage the Tax Code and Put More Money in Your Pocket” here: 

Amazon

Connect with Jeff:

Website: https://www.hocketttax.com/ 

Email: [email protected]   

Twitter: https://twitter.com/taxgamecoach 

Facebook:  https://www.facebook.com/hocketttaxandpayroll 

YouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 

LinkedIn: www.linkedin.com/in/hocketttax 

Instagram:  https://www.instagram.com/hocketttax/ 

Looking to increase your success as a real estate agent? Join me as I discuss the importance of having a solid team of professionals, including the best tax guy, to make your clients successful and boost your success. But what happens when clients need to catch up on their taxes? Tune in to find out.

In this episode, you will be able to:

• Delve into the benefits of a solid team foundation for thriving in the real estate world.
• Understand the essential contribution of tax specialists in real estate teams.
• Identify effective approaches to tackle tax issues affecting clients, such as liens and levies.
• Recognize the importance of versatile lenders in accommodating various buyer profiles.
• Realize how fostering client achievement can boost career success for real estate agents.

"Success is getting a win for your client, becoming the hero for your client, and getting referrals from the client." – Jeff Hockett

Connect with Jeff:

Website: https://www.hocketttax.com/ 

Email: [email protected]   

Twitter: https://twitter.com/taxgamecoach 

Facebook:  https://www.facebook.com/hocketttaxandpayroll 

YouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 

LinkedIn: www.linkedin.com/in/hocketttax 

Instagram:  https://www.instagram.com/hocketttax/

Sean Carpenter thought having a vast network was the key to business growth, but he soon learned that relationships were paramount. His four-level approach focuses on strengthening connections with his sphere of influence, clients, and supporters. Sean's philosophy revolves around solving problems, having fun, and building long-term relationships. By consistently providing value to those who support his business, he has achieved personal success and helped others grow theirs. But what's the twist? How did Sean's approach differ from the conventional wisdom of networking? Keep reading to find out.

In this episode, you will be able to:

• Discover the importance of cultivating relationships in your real estate journey.
• Uncover the essential components of a thriving real estate venture.
• Learn how personalized efforts can significantly impact your marketing outcomes.
• Realize the potential of staying engaged with former clients for continued business opportunities.
• Recognize the power of networking and community involvement in your professional development.

"The people on the outside are total strangers. It's the people on the inside that help you the most." – Sean Carpenter

About Sean Carpenter: 

Sean is an inspirational speaker, Realtor, and Top Agent consultant with over 25 years of experience in the real estate industry.

His primary focus is speaking where Sean’s mission is to “teach with passion and enthusiasm instilling confidence and excitement in his students,” and he lives by his philosophy - build relationships, solve problems, and have fun.

Connect with Sean Carpenter:

Website: www.CarpsCorner.net 

LinkedIn: https://www.linkedin.com/in/seancarp/  

Twitter: https://twitter.com/seancarp 

Facebook: https://www.facebook.com/seanmcarpenter 

Connect with Jeff:

Website: https://www.hocketttax.com/ 

Email: [email protected]   

Twitter: https://twitter.com/taxgamecoach 

Facebook:  https://www.facebook.com/hocketttaxandpayroll 

YouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 

LinkedIn: www.linkedin.com/in/hocketttax 

Instagram:  https://www.instagram.com/hocketttax/

Join me as I unravel the importance of basis for real estate agents, where proper tracking becomes the key to increasing profits and reducing losses amidst the conflict of temporary tax cuts and long-term planning.

In this episode, you will be able to:

• Acquire knowledge about capital gains and losses to improve your investment decisions.
• Explore the rewards of diligently tracking business and personal miles for tax advantages.
• Demystify the process for correctly calculating the basis in stock and cryptocurrency assets.
• Navigate through the nuances of identifying the basis for real estate and rental properties.
• Comprehend the dangers associated with cost segregation and prioritize future-oriented planning for financial security.

"Taxes, basis, net income, profit, loss, mileage. All of these things are so important when it comes to running a successful business."  – Jeff Hockett 

Connect with Jeff:

Website: https://www.hocketttax.com/ 

Email: [email protected]   

Twitter: https://twitter.com/taxgamecoach 

Facebook:  https://www.facebook.com/hocketttaxandpayroll 

YouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 

LinkedIn: www.linkedin.com/in/hocketttax 

Instagram:  https://www.instagram.com/hocketttax/ 

Discover the irony of starting a real estate business with less than $2,000, and how tracking your basis can help you keep more money in your pocket come tax season.

In this episode, you will be able to:

• Recognize the crucial role of basis in strengthening real estate and business foundations.
• Familiarize yourself with the concept of basis and its correlation with tax estimations.
• Examine the part of initial costs and personal expenses in formulating basis.
• Acquire the skill to manage basis for assets while factoring in earnings and outlays.
• Capitalize on tax preparation professionals to evade audit prompts and enjoy maximal returns.

"Understanding basis is the key to building a successful business."  – Jeff Hockett 

Connect with Jeff:

Website: https://www.hocketttax.com/ 

Email: [email protected]   

Twitter: https://twitter.com/taxgamecoach 

Facebook:  https://www.facebook.com/hocketttaxandpayroll 

YouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 

LinkedIn: www.linkedin.com/in/hocketttax 

Instagram:  https://www.instagram.com/hocketttax/ 

From chasing society's idea of success to finding true financial freedom - this story takes an unexpected twist as one person's journey reveals the true meaning of being rich. Get ready for a powerful transformation that will leave you rethinking your own priorities and choices.

In this episode, you will be able to:

• Discover the crucial role that financial management plays in a real estate agent's journey. 

• Learn the vital strategy for prioritizing a debt-free life and living within your means. 

• Acquire the skill of reserving 30-35% of monthly earnings to address tax obligations. 

• Gain insights into effective long-term planning and emergency savings for financial security. 

• Ensure complete asset information to avoid unpleasant encounters with the IRS. 

"It is always better to live cheap under budget than luxuriously in debt." – Jeff Hockett 

Connect with Jeff:

Website: https://www.hocketttax.com/ 

Email: [email protected]   

Twitter: https://twitter.com/taxgamecoach 

Facebook:  https://www.facebook.com/hocketttaxandpayroll 

YouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 

LinkedIn: www.linkedin.com/in/hocketttax 

Instagram:  https://www.instagram.com/hocketttax/