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How To Save Up To $50,000 On Your Income Taxes Every Year!

How To Save Up To $50,000 On Your Income Taxes Every Year!. 2 Core Strategies. One BILLION Dollars. Who is a better steward of your money? You or Uncle Sam?. What Do You REALLY Want?. FREEDOM!. Wealth = FREEDOM!. Core Strategy #1. The C-Corporation Strategy. What do most people do?.

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How To Save Up To $50,000 On Your Income Taxes Every Year!

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  1. How To Save Up To $50,000 On Your Income Taxes Every Year!

  2. 2 Core Strategies

  3. OneBILLIONDollars

  4. Who is a better steward of your money?You or Uncle Sam?

  5. What Do You REALLY Want?

  6. FREEDOM!

  7. Wealth=FREEDOM!

  8. Core Strategy#1

  9. TheC-CorporationStrategy

  10. What do most people do?

  11. Sole Proprietorship

  12. Sole Proprietorship1. Easy

  13. Sole Proprietorship1. Easy2. Pay The Highest Taxes

  14. Sole Proprietorship1. Easy2. Pay The Highest Taxes3. No Liability Protection

  15. LLCLimited LiabilityCompany

  16. LLCLimited LiabilityCompany1. Liability Protection

  17. LLCLimited LiabilityCompany1. Liability Protection2. NO Tax Savings...Unless...

  18. LLCLimited LiabilityCompany1. Liability Protection2. NO Tax Savings...Unless...3. Flexible (Elect to tax as S-Corp, C-Corp, etc.)

  19. S-Corporation

  20. S-Corporation1. What a lot of people do

  21. S-Corporation1. What a lot of people do2. Save some SE Tax

  22. S-Corporation1. What a lot of people do2. Save some SE Tax3. Has Liability protection

  23. S-Corporation1. What a lot of people do2. Save some SE Tax3. Has Liability protection4. Lost most of tax adv. in 1986

  24. S-CorporationOwners pay tax on personal returnMany items “flow through” separately

  25. C-Corporation

  26. C-CorporationBenefits...1. Pays its own tax!2. More/Better Deductions!

  27. 1. Pays its own tax!Separate Tax Brackets0 - $50,000 15%$50M - $75M 25%$75M - $100M 31% C-Corporation

  28. Separate Tax BracketsStrategy is to Shift Income To Lower Tax Brackets C-Corporation

  29. Income Shifting StrategiesPay Your Kids!Power of FYE! C-Corporation

  30. More/Better Deductions...§105 Medical Deductions C-Corporation

  31. More/Better Deductions...§105 Medical DeductionsNO 10% AGI Limit (100% Ded. !!) C-Corporation

  32. More/Better Deductions...§74 Awards C-Corporation

  33. More/Better Deductions...§74 AwardsCash Limit $400Non-Cash $1,600 C-Corporation

  34. More/Better Deductions...§129 Dependent CareNo AGI Limit100% Deductible C-Corporation

  35. More/Better Deductions...§127 Education C-Corporation

  36. More/Better Deductions...§127 Education$5,250 per year, per employee C-Corporation

  37. More/Better Deductions...§132 Physical Fitness Center C-Corporation

  38. More/Better Deductions...§125 Cafeteria PlansPay with “Pre-Tax” Dollars You save 40% C-Corporation

  39. More/Better Deductions...§243 Dividends Received Ded.Exclude 70%/80% of Dividend Income! C-Corporation

  40. More/Better Deductions...State TaxesLiability Protection C-Corporation

  41. Why isn’t everybody doing this? C-Corporation

  42. The Myths...ComplicatedDouble Taxation C-Corporation

  43. How Do I Implement?Choose Venue (State) C-Corporation

  44. How Do I Implement?Choose Venue (State)File Articles of Incorporation C-Corporation

  45. How Do I Implement?Choose Venue (State)File Articles of IncorporationChoose FYE C-Corporation

  46. How Do I Implement?Choose Venue (State)File Articles of IncorporationChoose FYECreate Bylaws C-Corporation

  47. How Do I Implement?Choose Venue (State)File Articles of IncorporationChoose FYECreate BylawsGet FEIN C-Corporation

  48. Core Strategy#2

  49. TheRetirement PlanStrategy

  50. Most Familiar Retirement PlansDefined “Contribution” Retirement Plans

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