Today, Thomas Castelli, CPA, CFP®, shares valuable insights into handling income and complex property taxes. He'll shed light on the nuanced differences in tax planning between a real estate CPA and a conventional tax accountant, plus practical tax deduction strategies and real estate-related tax benefits. Seize this moment to transform your financial future!
What you’ll learn from this episode
- Tax planning difference between a real estate CPA and a tax accountant
Examples of a tax deduction strategy employed by real estate CPAsReal estate tax advantages: Passive vs. active investor vs. limited partnerThe primary benefits of a 721 exchange in real estateWhy you need tax professionals and how to vet them properlyResources mentioned in this episode
- The Richest Man in Babylon by George S. Clason | Kindle and Paperback
Rich Dad Poor Dad by Robert Kiyosaki | Paperback and Mass Market Paperback235. Unlocking the Secrets of the "721 Exchange": An Overlooked Real Estate Exit StrategyAbout Thomas Castelli, CPA, CFP®
Thomas Castelli, CPA, CFP®, is a tax and business advisor and a real estate investor. He helps real investors and business owners reduce taxes and build wealth. The Real Estate CPA helps high-net-worth individuals, syndicates, and funds reduce taxes, streamline accounting, and make better financial decisions that grow their businesses through proactive tax planning and outsourced accounting services. Best of all, they are real estate investors, allowing them to help our clients with accounting and tax advice and provide unique operational insights. He is also the Founder of New Babylon Capital, a holding company that invests in private real estate and businesses and provides passive investment opportunities to accredited investors.
Connect with Thomas CPA, CFP®
- Website: Thomas Castelli, CPA
Podcast: Tax Smart Real Estate Investors Podcast | Apple Podcasts and SpotifyFacebook: Thomas CastelliLinkedIn: Thomas Castelli, CPA, CFP® Instagram: @thomascastellicpaX: @thomascastelli_If you’re a busy professional who wants to know more about growing your wealth through real estate, contact us at TheFortressCapital.com
- LinkedIn: Michael McManus
Instagram: @michaelmcmanuspFacebook: Michael McManus