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