What are Tax Shelters and Tax Havens?

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  • Опубліковано 19 чер 2024
  • Let's dive into tax shelters and tax havens because these are two very important approaches that can help people reduce their tax liability.
    So if you haven’t used a tax shelter or tax haven before, I am going to break down what they are and if you stick to the end, I will give you practical advice on how you can start using them immediately.
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    Timecodes
    Intro Joke (0:00)
    What are Tax Havens? (0:51)
    What are Tax Shelters? (2:05)
    Tax Shelters vs Tax Havens (3:05)
    What are some popular tax havens? (4:00)
    Would you move to save on taxes? (5:49)
    How can you use tax shelters? (6:09)
    Examples of Tax Shelters (7:00)
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    Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

КОМЕНТАРІ • 33

  • @DaveTalksBusiness
    @DaveTalksBusiness 2 роки тому +1

    5 seconds in and you cracked me up 😂😂
    caught me off guard with not only the jokes but the way you explained tax havens as well. Great job!

    • @elhajjmalikel6266
      @elhajjmalikel6266 6 місяців тому

      I didn't even smile at first, and then I started cracking up at how cheesy it was. I gotta use that joke.

  • @r.e.2699
    @r.e.2699 2 роки тому +3

    Great afternoon, LYFE Accounting family! Good to have the "Dad" jokes back 😆😆😆👍👍👍

  • @FinancialFreedomMadeSimple
    @FinancialFreedomMadeSimple 2 роки тому

    Thanks for the info you shared on this vid.

  • @AlishasTestimony
    @AlishasTestimony Рік тому

    First time seeing one of your videos and it helped me understand this information so thank you sir. What state is your business located in?

  • @shakadialani95
    @shakadialani95 2 роки тому +1

    I would definitely move to save on taxes! At least for a few years. Living in Puerto Rico doesn’t sound like such a terrible idea :)

  • @supertaints1710
    @supertaints1710 7 місяців тому

    Just found this channel today. I like! QQ: at 5:00 when discussing tax haven and income earned there. You mentioned "remote" but the company is based in the continental US... what if the remote work is done by a free lancer via their own company based in that same tax haven?

  • @1879gym
    @1879gym Місяць тому

    Great clip: yes I would move

  • @equitydirectiveunited
    @equitydirectiveunited 2 роки тому +3

    These opening jokes🤣🤣✅

  • @miguelzamora7515
    @miguelzamora7515 2 роки тому

    yes

  • @mcxxilive6993
    @mcxxilive6993 2 роки тому +1

    Lol good one 😅🤣 0:01

  • @tylerhunter4364
    @tylerhunter4364 2 роки тому

    How would this work if you are a forex trader? What's the best for a trader?
    Would moving to the Bahamas but renting a room in the US work ?

  • @equitydirectiveunited
    @equitydirectiveunited 2 роки тому +2

    We would move to save on taxes! Lol

  • @rayfieldg3
    @rayfieldg3 2 роки тому +1

    I miss the animations I’m the videos.. but still great information

    • @LYFEAccounting
      @LYFEAccounting  2 роки тому

      Can you share an example of a video with animations that you enjoyed?

  • @DitNg516
    @DitNg516 13 днів тому

    If I make 10% of my total income in the tax shelter state, can I save my other 90% income tax too?

  • @Al-rn5qy
    @Al-rn5qy 2 роки тому

    Oh I would absolutely move to Puerto Rico to save taxes!

  • @davidd34
    @davidd34 2 роки тому

    You need to move on to the PMA set up. It's a Much Better way to be in biz.

  • @mariasalmeron532
    @mariasalmeron532 Рік тому

    If I created an LLC in Puerto Rico to buy an apartment and rent it, how do I pay taxes in PR and file the 1065? I am confused

  • @ellenoir5678
    @ellenoir5678 2 роки тому

    Yes grand Cayman or PR

  • @forereels
    @forereels 2 роки тому

    Is Guam (US territory) a tax haven location?

  • @equitydirectiveunited
    @equitydirectiveunited 2 роки тому

    Tax haven is Option b!

  • @wopdiwop00120
    @wopdiwop00120 2 роки тому

    Maybe-I would need the facts

  • @ellenoir5678
    @ellenoir5678 2 роки тому

    💰💸💸💸💸💸

  • @julajedlikowska7846
    @julajedlikowska7846 2 роки тому

    Could you name all the countries that are tax havens?

  • @nnekababy
    @nnekababy Рік тому

    😂😂😂non Prophet 🦮

  • @mambwemulundu5065
    @mambwemulundu5065 2 роки тому

    Hello
    Am kindly asking for help I know this is a wrong platform but am genuinely asking for help am a student studying in India from Africa when covid started things stopped working good for my parents who were paying my fees and things are still bad am in my final year and I don't know what to do because now the finances are hard and needed any help of any kind I will really appreciate if you reach out

  • @Marie-rx3yr
    @Marie-rx3yr 2 роки тому +1

    I would not move to save on taxes.