There are many legal ways to save on taxes, but there are also a lot of dangerous tax schemes. You can smell some tax schemes from a mile away, but others are more subtle – these are the ones that can get good people into trouble.
Let’s face it, everyone wants to save on taxes, but nobody wants to get in trouble with the IRS.
Today on Wealth Talks, Tom and John are joined by Jack Cohen CPA who served as an award-winning IRS auditor for 33 years before entering the private sector as a CPA.
Listen in as they discuss some of the latest tax schemes, how to stay out of trouble, and a relatively new strategy to save on taxes!
Resource Link: SALT Cap Workarounds Update: https://news.bloombergtax.com/tax-insights-and-commentary/salt-cap-workaround-pass-through-entity-tax-update-part-i
Ignorance and Stupidity, Greed and Fear will be some of your leading enemies when trying to achieve success of any kind – especially financial success.
Understanding the characteristics of these ailments can help you to identify and overcome them before they have time to impose the entirety of their destructive behavior and results in your life.
It’s been said that “man’s biggest enemy is ignorance”. It doesn’t seem this will be changing anytime soon, but the blueprint to overcoming ignorance and gaining success is relatively easy.
Resources: Find Books and other Educational Resources on the Life Benefits Store: https://www.life-benefits.com/store/
It’s a nice big word... but what is it, and is it relative to life? Cognitive Dissonance is the name for a common, if detrimental, human behavior phenomena.
Listen as Tom and John explain cognitive dissonance, and how you can respond to it in your life.
Interest rates are a vital part of our economy and can quickly turn a boom into a bust or vice versa.
Today, Tom and John tell you everything you need to know about the recent shift in interest rates, what they foresee happening to interest rates, and some ways to prepare for the coming changes.
“Free Range” chicken is better than regular chicken... or is it? While it certainly commands a higher price over other birds at the grocery store, “Free Range” doesn’t mean what many people think it does.
“Free Range” isn’t the only misleading label... there are many others, and not just in the food industry. Don’t get taken-in by misleading labels! Listen now to Wealth Talks.