See the Video Recording here: https://us02web.zoom.us/rec/play/4r-hhHOCNS8UlJCi2R1mCL1zkDbl26bPEKbm0_mL4Tp8IF41a0t_3PgFfRZve9_awtIZ3Pf9hzx9kuNK.DR5Vlr7bz_CENair?autoplay=true&startTime=1684339328000

Access the Live Transcript here: https://otter.ai/u/-cA5RFsMsxSuB_8mwdm1LxTN-HU?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

*Important from this call:

• Demand Note Interest Approach: https://drive.google.com/file/d/1nL_UpDKA3FtGTr8cWZqrPbZHr2yj-iSb/view?usp=share_link
• The California Long-Term Care Insurance Tax, which we expect to pass, would take effect on January 1, 2024. If you currently don't have LTCi, we highly suggest attending one of the two upcoming webinars! Each session will last around 15 minutes. This is a FREE educational webinar. Afterward, you may reach out to Ben at [email protected] to obtain your quote.

                Saturday, May 20th at 10 a.m. Pacific: https://register.gotowebinar.com/register/2548603512926541920
                Wednesday, May 24th at 7 p.m. Pacific: https://register.gotowebinar.com/register/5318364562759714656

Outline:
-What is the area where the company is based? (3:40)
-What does this mean for tax compliance? (7:02)
-Cancelling interest on the 1099. (12:32)
-What about taxes on other income? (16:51)
-Selling assets to the Trust. (22:50)
-Do commodity investments need to be treated differently? (30:04)
-Filing for an extension. (37:41)
-How do you create a tax-efficient Trust? (39:19)
-California taxes and tax liability. (46:39)
-The importance of location in real estate. (50:53)
-Setting up a Wyoming LLC. (56:55)
-Do you still recommend not using a name? (1:01:32)
-How to avoid taxes on long-term care insurance. (1:09:00)
-How to get help with your taxes? (1:17:03)