Teaching Tax Flow

Thinking about a Self-Directed IRA (SDIRA)? Here’s what you need to know: ? Invest in non-traditional assets like real estate, metals, & private lending ? Same tax rules as traditional IRAs, but YOU control the investments ? Caution: Watch out for Unrelated Business Income Tax (UBIT)! ?? SDIRAs offer great flexibility but require careful compliance. Work with a professional to stay on track! #SelfDirectedIRA #InvestSmart #WealthBuilding #FinancialFreedom #DefeatingTaxes

Is it time for a Financial Gut Check? Watch the full discussion: https://bit.ly/41K2ZBG Thanks again to Mike Reed, CPA for joining! #business #finance #goals #growth #podcast #succes

Multi-Member LLCs: Why Your Tax Filing is More Complex If you own a multi-member LLC, your tax preparation is more complicated than a single-member LLC. Here’s why: ? Form 1065 must be filed for federal taxes (plus possible state/local filings) ? Income, expenses, and credits must be allocated based on ownership percentage ? A balance sheet is required, and capital accounts must be tracked ? Special allocations may apply based on your operating agreement ?? Multi-member LLCs require careful tax planning. Ensure your operating agreement is clear and work with a tax professional to stay compliant! #BusinessTaxes #MultiMemberLLC #TaxPlanning #EntrepreneurLife

?? 401(k) Contributions: Employee vs. Employer Understanding the difference:? ? Deferral – Employee-driven (Roth or Traditional) ? Profit Sharing – Employer-driven (pre-tax only) ? Business owners can contribute as both employee & employer! ?? Know your contribution limits & start saving! #RetirementPlanning #401k #WealthBuilding #SmartMoneyMoves

Child Tax Credit —What You Need to Know! $2,000 per child under 17.? Up to $1,500 refundable—you can get money back even if you owe no tax!? Income limits: * Phaseout starts at $200K (single filers). * Phaseout starts at $400K (married filing jointly). ?? Make sure you claim every dollar you’re eligible for! #ChildTaxCredit #TaxRefund #FamilyFinance #MoneyMatters

Tax Tip Tuesday | Expert Social Security Insights Social Security is a key part of retirement planning—but are you making the right decisions to maximize your benefits? In this episode, we discuss: ?? How Social Security benefits are calculated ?? The best claiming strategies for maximizing payouts ?? Common mistakes to avoid Whether you’re nearing retirement or planning ahead, this is information you NEED to know! ?? Listen now: https://bit.ly/4l0mSNo #TaxTipTuesday #SocialSecurity #RetirementPlanning #FinancialSuccess #TaxEfficientStrategies

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