Well, that’s a wrap for 2022. However, it’s NOT too late for you to take advantage of some year-end tax strategies. This diagnosis is by far the most underutilized of those we’ve discussed in the past few episodes.

Here are a few notes to mention regarding a Gold Diagnosis:

• These can be done in 2023 and still count for 2022
• Basic and relatively easy to execute in the next few days!
• Our favorite is a Section 529 Plan Contribution (which can be done rapidly)

The higher your MTR, the more you will likely benefit from this.

Visit www.teachingtaxflow.com/podcast to share your episode ideas.

Is your current marginal tax rate (MTR) higher than your future projected rate? In this episode, we discuss our favorite color (purple) but also how this type of year-end strategy may be overused by some individuals.

Without giving away all the details, we dive into Tax Deferral. Who doesn’t like the sound of that?

Don’t forget, and be ready for our final color-coded diagnosis (Gold) episode on the books for next week.

Visit www.teachingtaxflow.com/podcast to share your episode ideas.

We’re back at it with year-end strategies. This week we jumped into what makes up a green diagnosis (roughly 20% or lower MTR), which is commonly the lesser known to many taxpayers. Listen closely as we convince Chris to disclose his favorite green diagnosis tax prescription for year-end.

Over the next two weeks, as we wave goodbye to 2022, we will cover each final diagnosis (Purple and Gold). Also, be sure to listen back to episode 8, when we covered a red diagnosis.

Visit www.teachingtaxflow.com/podcast to share your episode ideas.

With the New Year around the corner, we begin our dive into the Teaching Tax Flow color-coded diagnoses. In this episode specifically, we discuss a Red Diagnosis, which commonly pairs with a year-end tax strategy for someone currently or projecting to be, in a higher marginal tax rate (MTR) of 25% and above.

Remember, this is perfect for an IMMEDIATE one-time tax deduction.

Listen in and be ready to execute. We will be covering the other diagnoses (Green, Purple, and Gold) over the next few weeks.

Visit www.teachingtaxflow.com/podcast to share your episode ideas.

Will you be paying Uncle Sam more or less in the future? While our superpower of knowing exactly what is going to happen is down for maintenance at the moment, we DO know that you hold the power on how much you may be stroking a check for. 

Listen in and own your tax strategy.

Visit www.teachingtaxflow.com/podcast to share your episode ideas.

It pays, literally, to have a solid lending partner lined up before and during the search for any investment properties. To drive home the importance of this role a lender fulfills, Brenna M. Carles, The Mortgage Shop CEO and Co-Founder, joins us to talk all things QM (Qualified Mortgages) and DSCR (Debt Service Coverage Ratio).

Whether your Teaching Tax Flow diagnosis is Red, Purple, or Gold, understanding your lending options is critical.

The Mortgage Shop: www.mortgage.shop

Visit www.teachingtaxflow.com/podcast to share your episode ideas.

Is it really as direct as it sounds? Are you familiar with the little-known Wash Sale Rule?

We’re creeping up on the end of the year and there is still limited time to execute this strategy. Of course, it’s important to be aware of when it makes sense and what limitations may be present in your situation.

IRS 2021 Publication 550 (REF: page 56)

Visit www.teachingtaxflow.com/podcast to share your episode ideas.

Tune in for a Panama City Beach, Florida real estate market update with our friend Crystal Ball (yes, that is her legal name) of Investors Gone Wild.  Her insight on what to look for and what's hot in the area is key to your next property search.

Investors Gone Wild (Crystal Ball): 

www.investshortterm.com

www.facebook.com/InvestorsGoneWildRealty

Visit www.teachingtaxflow.com/podcast to share your episode ideas.

Capital Gains Tax causes many to shed tears at the mere sound of it.

Obviously, there are rules and strategies around avoiding having to cut a check for this after the sale of a property. Did you know there are options beyond rolling directly into another property?

Listen in and grab your notepad. Your MASSIVE tax savings answers are just beyond this play button.

Visit www.teachingtaxflow.com/podcast to share your episode ideas.

Listen in as we discuss single-member LLCs (Limited Liability Companies) from a tax perspective. Do you really need one? What do they offer? Is it worth it? Sometimes it is a perfect fit for your business or investments. Other times, it may not be since there are no federal tax advantages for forming an LLC.

Crank up the volume and grab the notepad. Here's a no-fluff overview of forming an LLC. 

Visit www.teachingtaxflow.com/podcast to share your episode ideas.