Accountant Patrice J Malloy talks about taxation, entrepreneurship, and wealth building.

Interview highlights
2:38 So you get a letter from the IRS. What do you do?
4:02 Send only info the IRS requests.
4:50 Taxpayer Advocacy Group. Taxpayers have rights.
5:47 When you need an extension
8:47 Businesses getting organized. Accounting software
11:16 There are two parts to bookkeeping.
15:37 Business structure selection – LLC explained.
17:3 Revokable living trust. What is it, and why have one as an entrepreneur.
19:46 Life insurance and funding your business. Indexed universal life insurance.
25:39 Why work with a tax strategist.
Patrice J Malloy - website / https://malloygroupinc.com/