Teaching Tax Flow

Tax Tip Tuesday | Decoding Required Minimum Distributions (RMDs) If you have a tax-deferred retirement account, you’ll eventually need to take Required Minimum Distributions (RMDs)—and handling them correctly is crucial! ?? In this episode, we discuss: ?? What RMDs are & when they kick in ?? The right way to calculate and withdraw funds ?? How to minimize taxes on your distributions ?? Listen now: https://bit.ly/3FhVSJf #TaxTipTuesday #RMDs #RetirementWealth #TaxEfficientStrategies #WealthManagement #FinancialSuccess

Tomorrow morning, our latest podcast will cover Required Minimum Distributions (RMDs). #Retirement #Family #Finance #Podcast

Chris was back at the beach (Fort Walton Beach, Florida) last month speaking with a group of real estate investors and mortgage professionals. #RealEstateInvesting #MortgagePros #SpeakingEngagement #RealEstate #Taxes

Are you running your business with shoebox accounting? Many business owners toss receipts into a box, thinking they’ll deal with them later. However, this outdated method can lead to missed deductions, financial blind spots, and IRS headaches. Learn how to transition from chaos to clarity in our latest discussion. Watch now: https://lnkd.in/gxmSgDRg #Accounting #SmallBusinessFinance #BookkeepingTips

?? How to Handle Non-Resident Tax Withholding & Avoid Double Taxation If you’ve had state taxes withheld from a state you don’t live in, here’s the process to avoid paying double: ? Step 1: File a non-resident tax return in the state that withheld the taxes—this may qualify you for a refund. ? Step 2: File your home state tax return (if your state has an income tax). ? Step 3: Claim a tax credit on your home state return for the net tax paid to the other state. ?? If you live in a state with no income tax, just file the non-resident return. Work with a tax professional to ensure you maximize your refund and avoid unnecessary taxation! #TaxTips #StateTaxes #TaxPlanning #MoneyMatters

Some amazing podcast episodes and guests are coming up. Here's one of them on Whole Life Insurance and how it's a secret weapon for long-term wealth. #Podcast #Knowledge #Teaser #Taxes

?? March 15: A Critical Tax Deadline for S-Corps & Partnerships Most business owners focus on April 15, but March 15 is just as important. Here’s why: ? S-Corp (1120S) & Partnership (1065) tax returns are due. ? Late filing penalties = $235 per member, per month. ? Missing the deadline could cost even small partnerships thousands in penalties! ?? What can you do? ?? Work with a tax professional to ensure on-time filing. ?? File a 6-month extension to move the deadline to Sept 15. ?? If late, explore first-time abatement or reasonable cause relief to reduce penalties. Plan ahead and protect your business! #BusinessTaxes #SCorporation #TaxPlanning #Entrepreneurship

Discover how Delaware Statutory Trusts (DSTs) can work for you. Listen to our latest podcast episode, released this morning! ?? Watch now: https://bit.ly/4btPVof #DST #Investments #RealEstate #Retirement #Podcast #Finance

Tax Tip Tuesday | What You Need to Know About Delaware Statutory Trusts (DSTs) Ever heard of a Delaware Statutory Trust (DST)? If you’re a real estate investor, this might be the ultimate tax-advantaged investment strategy! In this episode, we break down: ? What a DST is and how it works ? Why investors use DSTs for 1031 exchanges ? The tax benefits and potential pitfalls This is a must-watch for anyone looking to diversify their investments while deferring taxes! Watch the full episode on YouTube: https://bit.ly/4haBkQ3 Warren Thomas joins us on the podcast this week. #TaxTipTuesday #DelawareStatutoryTrust #DST #1031Exchange #RealEstateInvesting #TaxStrategies

Another fascinating discussion (and an unexpected prop!) as we go even deeper into the world of business accounting with Mike Reed, CPA. Full conversation drops later this week! Be the first to watch—subscribe to our YouTube channel now! #BusinessAccounting #CPATips #StayTuned