See the Video Recording here: https://us02web.zoom.us/rec/play/HZ1XPUNFJY6lCXT9QaF-QV2Bg4RoPDOn9QTlvekegh1GWIsxZ0hkZbSMzusQ1vkMm3manOIB_yD46KBo.sjOdmLqGzp3fNCWW?autoplay=true&startTime=1683734722000

Access the Live Transcript here: https://otter.ai/u/hGwM-ztp4sR-UfqwUzZ6oa8G2hE?utm_source=copy_url

Register for our first Annual Mastermind and Networking Event here: https://www.abundancegroup.com/2023event

• There are a limited number of rooms blocked for the event with discounted rates available. Please book your room sooner than later to guarantee these rates!

Looking to invest in life insurance and leverage your Trust? 

• Email Ben at [email protected], or use the link below to receive your free quote!
• Get your free quote here: https://www.abundancegroup.com/insurance

*Documents from this call:

• Updated Chart of Accounts for Personal, Business, and Foundations: https://docs.google.com/spreadsheets/d/1hymv8bIaSPCXqowvylYnatwaq2HzH2qJ734x8gUtVuE/edit?usp=sharing
• SOI Tax Stats - Examination Coverage and Recommended Additional Tax After Examination, by Type and Size of Return - IRS Data Book Table 17: https://www.irs.gov/statistics/soi-tax-stats-examination-coverage-and-recommended-additional-tax-after-examination-by-type-and-size-of-return-irs-data-book-table-17
• Compliance Presence | Internal Revenue Service: https://www.irs.gov/statistics/compliance-presence
• Audits Records Request | Internal Revenue Service: https://www.irs.gov/businesses/small-businesses-self-employed/audits-records-request

Outline:
-Using Quickbooks for both Trusts. (5:47)
-The reason for the difference between lease agreements and professional services agreements. (12:25)
-How to convert a C Corp to an LLC. (17:20)
-Tax returns and auditing. (25:46)
-Fiduciary vs. Trust protector. (30:54)
-Is it too late to become a beneficiary? (39:00)
-What type of insurance providers do you recommend? (48:49)
-How much is an IRS audit? (56:25)