How Millionaires Pay ZERO $$$ in Taxes

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  • Опубліковано 17 вер 2020
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    *Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
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    Want to hear why your CPA could be costing you millions? 🤔
    If you’re a small business owner, make sure to watch the full video !
    I break down what you and your CPA/Tax Strategist should be doing for YOU and Your Business💯
    The Brand Marketing Summit was an amazing place to speak and I was able to help small business owners, and those behind the game solve issues and start getting organized!
    Be sure to like and SUBSCRIBE, and comment any questions below 👇🏾
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    *Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

КОМЕНТАРІ • 175

  • @onyxblack662
    @onyxblack662 3 роки тому +72

    Your channel is so underrated you’re literally giving us the answers and people refuse to look

    • @karltondennis
      @karltondennis  3 роки тому +5

      Appreciate it

    • @josephtran-day6281
      @josephtran-day6281 3 роки тому +1

      @Aidan Gage why u gotta hack her account just trust her if you date a girl that you cant trust and dont date her at all

    • @mikedemps2878
      @mikedemps2878 3 роки тому +1

      @@karltondennis do u know any tax people in Ga. my biggest issue is with my state taxes. I really need help.

    • @makemscoopguild2420
      @makemscoopguild2420 3 роки тому

      I m looking,..🤓

    • @trouthunter419
      @trouthunter419 2 роки тому

      Absolutely value knowledge

  • @diykindnessCol323
    @diykindnessCol323 2 роки тому +11

    Karlton, man I have got to say it is a blessing to myself, as well as others, to see you doing what God has gifted you to do! The best part about it is seeing you giving God the glory in public places and praying with the people you are speaking to. What makes it even better is knowing you have got a team (your mom and brother included) of people doing what God has blessed them to do. It’s scripture being lived out.
    Please keep doing what you guys are doing! It’s encouraging to me! I just left my job in order to pursue starting my own business doing what I believe God has blessed me to do.
    Always stay humble.
    From southwest Arkansas
    Have a blessed life!

  • @Lena-Holley
    @Lena-Holley 3 роки тому +10

    Thanking you for breaking everything down in simple relatable terms. That’s a gift. Not many facilitators can do that.

  • @jedibills1
    @jedibills1 3 роки тому +4

    I bowed my head with you! Your mic was on fire! So much info and i can feel how genuine you are. I love how informative you are, how transparent you are, i can feel how you genuinely want businesses/people to succeed. Peace and i know i will meet you someday after i get my business going and turning profits. Peace! ✌🏾

  • @hoggmagnifous9752
    @hoggmagnifous9752 3 роки тому +3

    Happy to choose this video. We’re just now starting our LLC and had some questions and you have helped direct our steps. Thank you!

  • @stevenbingham3061
    @stevenbingham3061 3 роки тому +2

    I love how you break things down in this presentation with examples. Practical advice that people can walk away with and ACTUALLY use!!!

  • @adedejiadetunji3313
    @adedejiadetunji3313 3 роки тому +4

    This is only the second video I have watched of yours and I think imma have to binge the whole page it’s unbelievable for so much information to be on your UA-cam for free

  • @justthoughts8872
    @justthoughts8872 3 роки тому +7

    I can't say enough of how highly I respect you and Karla

  • @yusefburgess
    @yusefburgess 3 роки тому +4

    Great presentation Karlton! Thanks for sharing!!!

  • @JustUdoro
    @JustUdoro 3 роки тому +25

    This is such a big deal and should be watched by ALL! I am a business owner, learning business all at the same time as starting and building this business. I am changing from a Partnership to...something...idk yet...in a matter of days due to some unforeseen circumstances. This has been such a powerful video as I have learned so much. Take care and blessings to you all!

  • @Idaliasantana68
    @Idaliasantana68 3 роки тому +1

    Throwing knowledge!! 🔥 Thank you! Excellent channel!

  • @angelnetworkascension2039
    @angelnetworkascension2039 2 роки тому +3

    @Karlton Dennis
    Thank you for taking the time to educate us. I am an educator, new author and founder of Angel Network Ascension LLC.
    I now totally understand the benefits of transitioning to an S-corp. May God continue to guide your steps, bless your marriage and your business. As a prayer warrior, my heart was overjoyed to see you lead everyone in prayer at the end of the session because God says in his Word: Acknowledge HIM in all your ways and he will direct your path.
    I hope to meet you and your beautiful wife one day. Be blessed.

  • @kingDrick93
    @kingDrick93 2 роки тому +1

    Amen Bro! That ending was Fireeeeee
    🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🙏🏾🙏🏾🙏🏾🙏🏾🙏🏾🙏🏾🙏🏾🙏🏾🙏🏾🙏🏾🙏🏾🙏🏾🙏🏾🙏🏾

  • @jthebanker42
    @jthebanker42 7 місяців тому

    04:50 Learn strategies to reduce tax bills legally
    09:40 Using the full tax codes to the fullest extent can help business owners save on taxes.
    14:30 Keeping proper receipts is important for IRS audits and financial record-keeping.
    19:20 Companies like ESPN, Apple, McDonald's, Bank of America, Nike, In-N-Out, and Uber stay in the 0% to 15% tax bracket by doing strategic tax planning.
    24:10 Assessing your current tax liability and understanding your individual tax plan is important before implementing strategies.
    29:00 CPAs can help with tax planning and investments
    33:50 Entity structure plays a crucial role in minimizing taxes for business owners.
    38:38 Building relationships with professionals for legal support is key to business success.

  • @agregory20166
    @agregory20166 3 роки тому

    More awesome info. Can't thank you enough for putting out these videos!

  • @leslies.4552
    @leslies.4552 3 роки тому +2

    Great video! Thank you for all the insightful information!

  • @jonathantucker2728
    @jonathantucker2728 3 роки тому

    Karlton Dennis You Are A Beast With This Tax Strategies. Thank you

  • @BIGGELATO
    @BIGGELATO 3 роки тому

    A lot of great info, thank you Karlton Dennis

  • @taxmantaxman9105
    @taxmantaxman9105 3 роки тому +3

    Your videos are very informative. Your presentation is pleasant and effective. I think that the average person could benefit immensely from watching your presentations. And, as you can probably infer from my call sign I know quite a bit about the tax law. I’m an accountant and an economist.

  • @martinforde8605
    @martinforde8605 3 роки тому +3

    The content is so good🔥

  • @UnconcealedCEO
    @UnconcealedCEO 3 роки тому +2

    I love thisssss!!! Thank you!!

  • @cindyhardi
    @cindyhardi Рік тому

    Amen!! I’ve booked a consultation. Looking forward to it

    • @supoashafa
      @supoashafa Рік тому

      How beneficial was your consultation?

  • @spkincaid
    @spkincaid 3 роки тому

    Much appreciated content!!!

  • @devetoganivalu9376
    @devetoganivalu9376 3 роки тому

    Thankyou again for this presentation.

  • @NekketaSiliconeBabies
    @NekketaSiliconeBabies 3 роки тому

    Love your channel, good stuff.

  • @robincarrellatgmail
    @robincarrellatgmail Рік тому +2

    You are amazing, and I’m so thankful I found you! Loved everything about this! What an inspirational young man you are. Keep giving God the glory❤️

  • @jamesaweh8284
    @jamesaweh8284 3 роки тому +1

    Very beautiful and informative presentation.

  • @SimonOsamoh
    @SimonOsamoh Рік тому

    Man this was a good presentation, well done brother.

  • @Ywonova
    @Ywonova 3 роки тому

    You are a godsend sir... I look forward to meeting you one day... much love from Atlanta

  • @cessmo1
    @cessmo1 2 роки тому

    Thankyou! for the information it has been so helpful!!$$$

  • @amrak7425
    @amrak7425 3 роки тому

    Great knowledge!

  • @NobodyBeatsTheSniz
    @NobodyBeatsTheSniz 3 роки тому +19

    Tax compliance beautiful 🤩 Thank you for tryout videos. I’ve watched about 10 now and I ask myself why don’t schools teach this shit!?! It took me a lot of reading and active self education to learn these concepts. You’ve done a wonderful job explaining these concepts. I’ve told sooooo many people they are missing out on deductions and increasing they’re wealth. 🙏

    • @viettruong8539
      @viettruong8539 2 роки тому

      Uu8 Hugo jun họ hươu

    • @gregredpill6163
      @gregredpill6163 2 роки тому

      Schools don't teach this because they want you to keep paying and over pay taxes

  • @wisama7091
    @wisama7091 3 роки тому +1

    Great information, subscribed

  • @tytydee77
    @tytydee77 2 роки тому

    Karlton u did it again thank you

  • @dr.davidhollinssr.2453
    @dr.davidhollinssr.2453 Рік тому

    I like the information Karlton is sharing.

  • @michellestehle1081
    @michellestehle1081 2 роки тому

    How did I JUST now find you today. Thanks you for your genius way of getting the info to the world in golden nuggets that we can all digest and understand. I qualify int the prerequisites you mention on your site and tried to make an appointment. I believe you are booked for 2 months (not surprisingly!) and wondering how I get on a cancelation list or set an appointment for your earliest available. I filed and paid my taxes for 2021 so I'm looking for a fresh start (and new perspective) with your team as I scale my current business and launch my real estate side hustle.

  • @williamharvill7492
    @williamharvill7492 3 роки тому +15

    I'm entirely convinced that you need to link up with Meet Kevin or Graham Stephan and do an interview to with an ulterior motive to show them how to reduce their tax burdens, assuming they need some additional advice. I'm fascinated by everything you've posted thus far, and you're really doing a wonderful job of showing us how to make the most of tax laws.

  • @theanubistribe1254
    @theanubistribe1254 3 місяці тому

    Great information. I’m a new business owner and have viewed several of your videos today. Thank you.

  • @pvup9777
    @pvup9777 2 роки тому

    Outstanding information

  • @commercialachvac4809
    @commercialachvac4809 2 роки тому

    Very informative I am definitely in need of help

  • @kevinpoole4323
    @kevinpoole4323 3 роки тому

    Excellent Presentation

  • @coreyrobinson9597
    @coreyrobinson9597 Рік тому

    Great content !!!

  • @charlesotim2522
    @charlesotim2522 2 роки тому

    Thank you!!

  • @torionojohnson4379
    @torionojohnson4379 3 роки тому +4

    Knowledge is Wealth

  • @destined_bri
    @destined_bri 3 роки тому +2

    dude you giving game..
    but boys 2 men playing in the background

  • @antonyreid7008
    @antonyreid7008 3 роки тому

    Good 👍 stuff.!!

  • @janayanguiano6822
    @janayanguiano6822 3 роки тому +7

    You’re a monster with this knowledge it’s undeniably admirable. Thank you! 😎 🔥🙌🏽

  • @kenesa
    @kenesa 2 роки тому

    Can you do a video on people who win the lottery or sweepstakes and have no business, not a home owner, no kids, not married? If I ever win I want to know who I can trust and definitely how to balance out my taxes or pay zero.

  • @peggyb4033
    @peggyb4033 3 роки тому +35

    What did it for me???? The PRAYER at the end. Everything begins with God!! And Blessings DO Follow!

    • @karltondennis
      @karltondennis  3 роки тому +1

      The truth 👏🏾

    • @annathomas1481
      @annathomas1481 2 роки тому

      Me too....I've been following his tax videos and really appreciate his teaching styles. Then I stumbled upon this video...made it to the end...and he ends in prayer 🙏🏾 . I'm sold and ready to buy all his courses 🤣🤣. "Not ashamed of the gospel"

  • @danielclayton7524
    @danielclayton7524 Рік тому

    Good stuff. Really like the prayer

  • @aesthetics4days
    @aesthetics4days Рік тому

    LITERALLY SAMEEEE trying to get a kinesiology rn too

  • @timferrante271
    @timferrante271 3 роки тому

    Thank you king....some day i'll shake your hand and thank you in person! thats my word!

  • @heatscouters7800
    @heatscouters7800 3 роки тому +2

    Love this

  • @practicaldeen5333
    @practicaldeen5333 3 роки тому +1

    Great info...audio muffled around 17 mins

  • @Heartful316
    @Heartful316 Рік тому

    Although this was recorded a year ago I feel so much more enlightened on business tax strategies. Do you help business owners in Atlanta?

  • @KingOTheGreat
    @KingOTheGreat 3 роки тому +1

    I need to hire this guy

  • @simplycherry23
    @simplycherry23 2 роки тому

    I’m in awe👏🏾👏🏾🔥

  • @helenmroy1
    @helenmroy1 3 роки тому

    thanks!

  • @bridgethegapmarketingus
    @bridgethegapmarketingus 3 роки тому

    Just subscribe! Thank you!

  • @danielrodriguez608
    @danielrodriguez608 2 роки тому

    are there offices in Las Vegas ? this sounds great. How do we determine who is a tax strategist?

  • @coreywilliams3094
    @coreywilliams3094 3 роки тому +1

    Thank You

  • @Starmaker908
    @Starmaker908 3 роки тому

    $KD liking your stuff...

  • @Theladypearlshow
    @Theladypearlshow 11 місяців тому

    Do you have a slot to create my llc and becoming my my tax planner?

  • @kloud1174
    @kloud1174 3 роки тому +2

    Subscribed

  • @MrASesay
    @MrASesay 3 роки тому +1

    Amazing!

  • @vikery555
    @vikery555 2 роки тому +1

    Not boys to men playing in the background 😂

  • @stanwagner7569
    @stanwagner7569 2 роки тому

    You are doing such a great job and doing this for people tonight you will be the focus in my prayers I will be asking the lord to bless you for this job that you were doing for the average person

  • @helenmroy1
    @helenmroy1 3 роки тому

    awesome!+

  • @dakdur1126
    @dakdur1126 2 роки тому

    I have a part time job non benefits eligible which is a W2 paid job, but also work for 3 other companies as a 1099 independent contractor?
    Other videos say things like a 1099 Ind Contractor should start an LLC and transition to an S-Corp to help minimize Self Employment tax and FICA.
    It’s not like I can make an LLC for myself as a Registered Nurse, nobody would hire an LLC that claims to be a Registered Nurse

  • @loneswandon651
    @loneswandon651 3 роки тому

    6:08 just in case yall came back for this part specifically

  • @mohammadtjaan3686
    @mohammadtjaan3686 2 роки тому

    Wish you were a my business accountant sadly im in Ontario, Canada!

  • @robbiemerriweather7093
    @robbiemerriweather7093 2 роки тому

    Ooooo, your mother is so proud of you and your brother.

  • @jenniferw5095
    @jenniferw5095 3 роки тому

    The sound on this is messed up. Why do I hear boys to men song?? And I agree, you don't need the hype. The information speaks for itself. 💕🙏💎

  • @sonyagrice
    @sonyagrice Рік тому

    Whyyyyyy add the music!!?? Trying to hear you over the fan!

  • @YOUNGLOS907
    @YOUNGLOS907 3 роки тому

    Do you offer your services in Texas?

  • @RadleyBTV
    @RadleyBTV 3 роки тому +1

    The GOAT

  • @stevehall8227
    @stevehall8227 3 роки тому

    Maybe have a re-recorded audio so that when the FANS keep kicking on its not actually heard by the listener!!

  • @YuLondraMichelle
    @YuLondraMichelle 3 роки тому +4

    Lots of info.

  • @clemongarner3651
    @clemongarner3651 Рік тому

    I also want invest in gold as hold it for worth 15 year as where it be worth $150,000

  • @sanfs143
    @sanfs143 21 день тому

    Great great great great great great great information. the noise and the music it's very distracting.

  • @LuisRamirez-oq6uu
    @LuisRamirez-oq6uu Рік тому

    What’s is a CPA ?

  • @justthoughts8872
    @justthoughts8872 3 роки тому

    Receipt bank is now DEXT

  • @cinderellaluv1
    @cinderellaluv1 2 роки тому

    How do you become a tax strategist

  • @imakeitgreen3777
    @imakeitgreen3777 2 роки тому

    The sound had problems, hard to hear.

  • @amurad4835
    @amurad4835 3 роки тому +4

    This is the way the millionaires pay very low taxes or not paying

  • @user-ic6kq4vt9t
    @user-ic6kq4vt9t Рік тому

    Karlton -what about the "ordinary and necessary" requirement of 162? Did you forget about that?

  • @RGMLLC
    @RGMLLC Рік тому

    I’m 17 and I want to learn as much as i can and I feel like I don’t really understand because I’m not there yet

  • @potentialhvac6074
    @potentialhvac6074 3 роки тому +2

    Hey brotha, I'm an HVAC Tech working for a small company as a regular W2 employee. Would it be better to just 1099 myself so I can start writing off my tools/vehicle/food for my working days? Only benefits is 1 week vacation and health care....living/working in Northern California

    • @michaeld9999
      @michaeld9999 Рік тому

      Hey man. If you're using your own vehicle and tools, I'd definitely1099 yourself IF you still get your benefits doing so. I hope this helps!

  • @homodeus8713
    @homodeus8713 3 роки тому

    Can you assist overseas investors?

  • @alen1179
    @alen1179 3 роки тому +5

    how do you get approved for real estate loans if you net $0 profit on paper on your tax returns?

    • @karltondennis
      @karltondennis  3 роки тому +4

      Video coming soon for this situation!

    • @iamisraelvillafana
      @iamisraelvillafana 3 роки тому +2

      The best question asked so far. Whoever answer this question will be banned from social media. Would love to see the video.

    • @camachogloris
      @camachogloris 3 роки тому

      Two possibilities first make a Loan for your income and create an LLC.. second become a partner someone put the money and you manage it and create LLC for protection ,PLUS you pay less taxes!!

  • @amerikongis1
    @amerikongis1 2 роки тому

    I love ur advices but the sound is difficult to listen to.

  • @00SullySullivan00
    @00SullySullivan00 Рік тому

    "Question? Anyone? You sir.. No?.. Well you all had your hands raised!"

  • @daddybuck9466
    @daddybuck9466 3 роки тому +2

    Amen 🙏🏾

  • @gracen9714
    @gracen9714 3 роки тому

    Amen.

  • @nanaamounua
    @nanaamounua 2 роки тому

    Can I have a consultation to please ?

  • @EmXtraMoney
    @EmXtraMoney 3 роки тому +2

    Holy shit... he's Karla Dennis' son? 😂Has no idea until that Yacht story 😅

  • @WealthEngineering
    @WealthEngineering 3 роки тому +7

    You had me at tax strategist...

    • @karltondennis
      @karltondennis  3 роки тому +1

      Love it

    • @youngatnaruto
      @youngatnaruto 2 роки тому

      Yes the way he describes a tax strategist
      Diamonds are a girls best friend
      Dogs are a mans best friend
      And a Tax Strategist is a Business Owners best friend

  • @FitBetty
    @FitBetty 3 роки тому +1

    🗣AMEN‼️

  • @georgemalci855
    @georgemalci855 3 роки тому +2

    Is there any tax write off on stock profit?

    • @percyastronautstatus.8780
      @percyastronautstatus.8780 2 роки тому

      you pay LESS in taxes IF you held it over a year ....You pay MORE in taxes if u held it LESS than a year

  • @tyroneworsley5669
    @tyroneworsley5669 2 роки тому +1

    Do one has to start an LLC, before starting a S-corp?