How To Use Charities To Avoid Taxes Like The Super Rich

By a Trusted CPA: Find out how MAXIMIZE your Tax Deductions from Charitable Donations.
/ @mycpacoach
Everyone already knows that you can get a tax deduction for donating money to charities.
In short, if you itemize you get a dollar-for-dollar deduction for the amount you contributed to a charity of your choice.
But that’s not what this video is about. This video is about getting EVEN MORE TAX DEDUCTIONS from charitable donations... that goes beyond the basics.
Because the truth is that the ultra-wealthy are not just handing money over to charities. Instead, they are using charities as tax shelters to park their money in and avoid paying taxes.
So let's talk about it.
Intro: (0:00)
How the Wealthy Use Charity to Avoid Tax (0:30)
How Charitable Tax Deductions Work: (2:27)
Donating Appreciated Property to Charity: (3:55)
Using a Private Foundation: (6:10)
Using Donor Advised Funds: (9:35)
Using a Charity Remainder Trust: (11:20)
Become a Client: mycpacoach.com/save-on-taxes

[@walterlimbacher4264]

Thanks for this very informative video...The real benefit will be the blessings you get from sharing with others.

[@patricklucas7713]

Finally I can stop paying taxes thank you, you truly are a hero.

[@malikdey-nativemoor2923]

Yes! Speak on it

[@paultaylor6805]

A very informative video well worth watching more than once. Thank you for your work.

[@mycpacoach]

Thank you, Paul! I appreciate it.

[@julianjobe2062]

Thanks!

[@BugRaiser]

This man is putting us on game

[@julianjobe2062]

Need to follow up with this man. This was some solid info

[@mycpacoach]

Glad you found it helpful! Thank you.

[@jessicahoward6557]

Can you create a CRT and a private family foundation and have the funds go to the family foundation when you pass?

[@WeintraubMedia]

What about a charitable lead trust?

[@user-sd8yb7qy8r]

You need to mention that family does not mean just any relative. It means a spouse or your own biological child. And I find it ironic Gates is concerned about donations helping him save on taxes with his level of wealth.

[@user-wv5pj9gx4o]

Doesn’t make any sense. When you donate 100$ stock you donate 100$. Because you can sell it for 100$. No matter how much you paid when you purchase them. ….

[@Cl-1993]

😂

[@cheriefang7057]

more details please