Pediatrician in Raleigh, NC Saves $91,000 in Taxes
January 26, 2021
Marketing Consultant in Los Angeles, CA Saves $490,946 in Taxes
September 11, 2021
RESULTS
A 2017 tax deduction of $730,000 from the real estate investment reduced the executive’s tax liability by $262,000, delivering a refund of over $252,000!
BACKGROUND
A corporate executive with W-2 income of $4,000,000. The executive had zero deductions available due to various phase-outs and limitations, was paying over $1,500,000 each year to the government. Current debt payoff was a priority for the client, rather than long term savings and retirement strategies.
PLAN
Based on the client’s preferences, cash flow needs, and budget, we designed their custom tax plan with:
- A $160,000 real estate investment opportunity, when properly administered, generates large annual deductions to off set wage income and is not limited by passive real estate investment rules.
13 Comments
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