Kerry Lutz's--Financial Survival Network

Tax Hacks The IRS Fears Most - Anne Gannon #6266


Listen Later

Kerry Lutz interviewed Anne Gannon, a CPA specializing in tax advice for real estate investors, focusing on critical tax reporting issues. Gannon highlighted a common error among investors: misclassifying property improvements as repairs, which can complicate loan applications. She emphasized the necessity for clients to remain informed year-round to prevent surprises during tax season, citing a specific case where improper expense categorization led to mortgage difficulties.

The discussion also covered the implications of bonus depreciation on tax returns, with Gannon noting the potential reduction from 100% to 40% and its significant impact on investment decisions. She clarified the different tax treatments for short-term rentals versus residential properties and mentioned that many clients are now undertaking cost segregation studies to enhance their tax understanding. Gannon offered to provide a checklist to help clients navigate these tax complexities.

Find Anne here: https://www.thelargogroup.com

Find Kerry here: http://financialsurvivalnetwork.com/ and here: https://inflation.cafe

...more
View all episodesView all episodes
Download on the App Store

Kerry Lutz's--Financial Survival NetworkBy Kerry Lutz

  • 4.7
  • 4.7
  • 4.7
  • 4.7
  • 4.7

4.7

124 ratings


More shows like Kerry Lutz's--Financial Survival Network

View all
Financial Sense(R) Newshour by Jim Puplava

Financial Sense(R) Newshour

376 Listeners

The Peter Schiff Show Podcast by Peter Schiff

The Peter Schiff Show Podcast

5,673 Listeners

Sprott Money News by Sprott Money

Sprott Money News

143 Listeners

Mining Stock Education by Bill Powers

Mining Stock Education

140 Listeners

Stansberry Investor Hour by Stansberry Research

Stansberry Investor Hour

674 Listeners

Mining Stock Daily by Trevor Hall

Mining Stock Daily

95 Listeners

Gold Goats 'n Guns Podcast by Tom Luongo

Gold Goats 'n Guns Podcast

324 Listeners

Palisades Gold Radio by Collin Kettell

Palisades Gold Radio

252 Listeners

Rebel Capitalist News by George Gammon

Rebel Capitalist News

1,033 Listeners

Eurodollar University by Jeff Snider

Eurodollar University

460 Listeners

Doug Casey's Take by Matthew Smith

Doug Casey's Take

126 Listeners

ITM Trading Podcast by The Daniela Cambone Show and Taylor Made Economics

ITM Trading Podcast

66 Listeners

Wealthion - Be Financially Resilient by Wealthion

Wealthion - Be Financially Resilient

383 Listeners

The Jay Martin Show by Jay Martin

The Jay Martin Show

71 Listeners

Thoughtful Money with Adam Taggart by Adam Taggart | Thoughtful Money

Thoughtful Money with Adam Taggart

379 Listeners