5 Non-Conventional Ways Rich People Save on Taxes

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  • Опубліковано 10 лип 2024
  • Unlock the potential of alternative investments with our expert guide! This video reveals five unique investment opportunities that you don't come across everyday and can significantly reduce your tax burden. From car washes to equipment rentals, learn how to strategically leverage these options for maximum financial gain. Whether you're a seasoned investor or new to the game, these insights will transform your approach to tax savings and income generation. Don't miss out on these savvy investment strategies - watch now and take control of your financial future!
    ⭐Schedule a Free Tax Planning Strategy Session calendly.com/d/4q5-w4m-cj6
    🚀 Learn How To Slash $30K Off Your Taxes Without Being A “Tax Expert” Or Spending Money On An Expensive CPA! Free Strategy Session: www.thetaxonomics.com/strategy
    🏦 BEST BROKER FOR TRADING & INVESTING 🚀🌚💸:www.interactivebrokers.com/mk...
    Time Stamps
    0:00 Introduction
    1:40 Car Washes
    2:38 Mobile Home Parks
    3:29 RV Rental Companies
    4:14 Package Delivery Services
    4:43 Equipment Rental Companies
    6:00 Material Participation
    Social Links
    / brianriveracpa
    / brianriveracpa
    DISCLAIMER: I am not a financial adviser but fortunately I am a CPA :). These videos are for educational and entertainment purposes only and should not be taken as "individualized" tax advice. Should you need tax solutions I highly recommend consulting with a professional or our CPA Firm. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
    AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in and/or use myself. Some of the links on this web page are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing the content this channel.
    Time Stamps
    0:00 Introduction
    1:40 Car Washes
    2:36 Mobile Home Parks
    3:28 RV Rental Companies
    4:11 Package Delivery Services
    4:44 Equipment Rental Companies
    6:00 Material Participation Rules
    Social Links
    / brianriveracpa
    / brianriveracpa
    DISCLAIMER: I am not a financial adviser but fortunately I am a CPA :). These videos are for educational and entertainment purposes only and should not be taken as "individualized" tax advice. Should you need tax solutions I highly recommend consulting with a professional or our CPA Firm. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
    AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in and/or use myself. Some of the links on this web page are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing the content this channel.

КОМЕНТАРІ • 16

  • @BrianRiveraCPA
    @BrianRiveraCPA  4 місяці тому +1

    🚀 Learn How To Slash $30K Off Your Taxes Without Being A “Tax Expert” Or Spending Money On An Expensive CPA!
    Free Strategy Session: www.thetaxonomics.com/strategy
    🤙 Tax Savings Estimate Call - Get help with tax planning!
    calendly.com/d/4q5-w4m-cj6

  • @AugustineArabo
    @AugustineArabo 3 місяці тому

    Love the advice bro keep posting

  • @edwardsimmons372
    @edwardsimmons372 3 місяці тому

    Great info and excellent articulation! Keep up the good work!

  • @mants2368
    @mants2368 3 місяці тому

    Excellent video. Liked and subscribed. Thanks for sharing your knowledge.

  • @jaellloyd07
    @jaellloyd07 4 місяці тому

    This is great!! Thank you so much!!

  • @Cryptonewsupdat11
    @Cryptonewsupdat11 5 місяців тому

    Love this, well understood 🙏

  • @DefiKingPLS
    @DefiKingPLS 5 місяців тому

    Good stuff!

  • @billwaliaula1512
    @billwaliaula1512 5 місяців тому +1

    So what about the purchase of an aircraft to unlock tax savings?

  • @4AMPizza
    @4AMPizza 3 місяці тому

    Great content. At current my investment income (my primary source of income) is on Schedule D. Can I write off expenses on Schedule C, or will that mean I will automatically incur a self-employment tax? The potential self-employment tax likely exceeds the expenses.

  • @senecawalden
    @senecawalden 4 місяці тому

    Is there a difference between mark to market trader and Trader tax status? Can you make a mark to market election without having trader tax status?

    • @BrianRiveraCPA
      @BrianRiveraCPA  4 місяці тому +1

      You need trader status to elect mark to market.

  • @Halfnatty4882
    @Halfnatty4882 5 місяців тому

    I started off trading stocks then moved over to FX. I trade with a couple different prop firms in the industry. Can you help with taxes this year?

    • @BrianRiveraCPA
      @BrianRiveraCPA  5 місяців тому

      Shoot an email over to support@tradertaxcpa.com they will let you know if any availability this tax season

  • @MellowMusic1
    @MellowMusic1 5 місяців тому +2

    first!

  • @jordyn6612
    @jordyn6612 3 місяці тому

    "PromoSM" ❤️