Bitgreen

Tax Equity (Part 6): In the world of tax planning, understanding the nuances of different income categories is crucial when it comes to maximizing the benefits of tax offsetting. One key distinction lies between Active Income, earned through direct involvement in a business, and Passive Income, generated from investments or activities in which you don't materially participate. Passive income can come from various sources, such as: * Real estate * Rental properties * Rental equipment * Billboard advertising * Limited Partnerships * Investments in businesses where you don't have an active role This distinction is important because certain tax credits, like Investment Tax Credits (ITCs) for offsetting federal income tax, can be more effectively utilized to offset passive income tax liabilities. For high-net-worth individuals with significant passive income streams, ITCs offer a powerful way to reduce their tax burden. By strategically purchasing ITCs, you can generate substantial tax savings ranging from 10-25% per year. For high-net-worth individuals *without passive income streams, there is an alternative way to utilize ITCs to offset your W-2 income tax. More on that next week. To learn more, visit https://lnkd.in/ewit2z2q for our comprehensive guide.

Tax Equity Investors: Who Are They? ?? Tax Equity is attractive because it reduces federal tax by 20-25%. High Net Worth and Family Offices are particularly optimized to take advantage. Yet can all taxpayers be a Tax Equity beneficiary? Not quite. The rules clearly define 3 categories of eligible taxpayers: 1) C Corporations: eligible. ?? 2) Passive K-1 taxpayers: eligible ?? 3) W-2, 1099, and portfolio income: **only eligible when they meet the 100 Hours Test ?? In the future ’ll write another post about Passive Income and the 100 Hours Test. However, Passive generally refers to income derived from an enterprise where you don't actively work 500 hours per year. Prime examples include: - Private Equity GP and LP ?? (when the portfolio company is not a C Corp) - Real estate rental income ?? - Equipment leasing income ?? - Crypto staking income ? - Physical advertising income ?? The complexities of tax equity can be challenging to navigate. I highly recommend speaking to a CPA, tax attorney or wealth manager, who can play a crucial role in guiding you through this advantageous opportunity. To learn more, send a dm.

Last week, I shared how High Net Worth individuals can immediately reduce their federal taxes by 7-10% ?? Today, I’m diving into Tax Equity, a powerful financing strategy that can reduce taxes even more — often 20-25%. With Tax Equity, *instead of paying the IRS, the taxpayer redirects their taxes to projects that unlock significant tax advantages, such as: * Investment Tax Credits (ITCs) * Bonus Depreciation * Preferred Cash Distributions These benefits are passed directly to the taxpayer, who can monetize the ITCs and a portion of Bonus Depreciation right away. In many cases, the return on investment exceeds the amount invested immediately. Example: Imagine a taxpayer with $1.2 million in federal income tax liability who redirects $1 million into a solar tax equity project. Their return would look like this: - $900,000 in tax credits - $550,000 in federal depreciation - $1,000,000 in state depreciation - $150,000 in cash This leads to a total tax reduction of 25% on an after-tax basis! Tax Equity is a unique opportunity to mitigate your tax burden that most CPAs and PWAs don't know about. To learn more, contact me or explore our comprehensive guide on Tax Equity to unlock these benefits for your portfolio (https://lnkd.in/ewit2z2q)

Last month I shared that I launched SunSaver, a vertically-integrated finance company enabling High Net Worth individuals / Family Offices to reduce their taxes up to 25%. There is a seldom understood, yet highly powerful tax reduction strategy that’s been around for decades that shockingly a very narrow percentage of taxpayers and their CPAs and Wealth Managers know about it. With 10 weeks to go until tax day, you should know this information to take control of your tax liability. Last year, $28 billion of these credits were claimed by wealthy individuals and companies. You should be on that list too. Key Takeaway: If you’re a passive K-1 taxpayer with at least $200,000 in federal taxes liability, you’re likely overpaying the IRS. Fortunately, this is easily mitigated. I’ll share more next week.

An unprecedented solar energy project is underway in Western Australia and it's not what you think. This 5000 km2 of solar coverage will comprise 25 million solar panels and 3000 wind turbines. But an initiative of this scale would typically be delayed by years of red tape and billions of $$ in transmission and distribution investment. Australia saw its way around the distribution challenge through a plan to utilize local solar and wind energy to power local green hydrogen production, which can be stored & shipped with ease and at low cost throughout the country and internationally. The net workflow is capturing solar+wind to create transportable and clean hydrogen fuel. https://lnkd.in/eNQT-QrP

Today Lugano, Switzerland unveiled a statue honoring Satoshi Nakamoto. Remarkable that Satoshi was an American who invented Bitcoin in America yet his likeness is immortalized in Switzerland, a county renowned for its protection of privacy and limited government Defying expectations the statue is neither a towering figure, implying he’s not godlike but instead embodied in each human, nor is it carved from marble but rather burnt metal symbolizing the process of entrepreneurial creative destruction is rough, dirty and often adversarial

BBB, the Utility Token of the Bitgreen Network, Makes Its Exchange Debut. Our announcement blogpost >>> https://lnkd.in/eRetp8bN

Bitgreen just completed an important Community Call. The updates we shared: 1) Migration has been completed to Base Chain (Coinbase's chain) ensuring we have premier access to US enterprise clients. Previous token holders from Polkadot can claim their tokens at https://lnkd.in/d74imnSi 2) The Bitgreen network has 2,200 active wallets 3) We plan to list the native token of the Bitgreen network, BBB, on a reputable international CEX next week. We have a third party market maker contracted and onboarded 4) Our business model has pivoted from tokenizing carbon credits to building detailed products for markets involved in the $500 billion Inflation Reduction Act. It is our belief that we are ahead of other teams in this niche pursuit 5) Of those IRA products, the one in which we are most active is renewable energy 6) Feel free to add a comment below to say hi or send an email to [email protected].

It's time to confirm the rumor that Bitgreen is moving from Polkadot to Base chain, developed by Coinbase, and will be listing its network token on a globally reputable CEX shortly. https://lnkd.in/eqcgk4hC