Don't Let the Tax Tail Wag the Dog | Episode 17 with CPA Savannah Rowley

Ever wondered if real estate is the financial goldmine it’s often claimed to be? Think again. We break down the complexities and risks associated with real estate investments, revealing why tailored financial and tax planning are essential. Learn how collaborating with CPAs and business coaches can transform your approach to advanced tax strategies and business operations, ensuring you navigate these waters with confidence.
Discover the truth about pass-through entities and the misconceptions that surround them. Too many business owners mistakenly believe that taxes are only a concern at the business level or tied to money withdrawn from the business. We dissect the differences between C-corporations and S-corporations, offering insights into when it might be beneficial to select one entity over another. It's not just about minimizing tax payments; it's about retaining the most money through efficient tax planning. This is a must-listen if you aim to understand the nuances of business structures and how they impact your bottom line.
We also venture into the realm of real estate tax strategies, from 1031 exchanges to the challenges of investing in Airbnb properties. Savannah shares wisdom on avoiding the pitfalls of aggressive tax-saving measures and the importance of maintaining cash flow. Whether you’re intrigued by the allure of cost segregation or the supposed benefits of short-term rental loopholes, we stress the importance of sustainable financial planning and meticulous documentation. This episode equips you with the knowledge to make informed decisions, balancing risk and maximizing tax efficiency, even under the scrutinizing eye of the IRS. Don’t miss out on these invaluable insights!
DISCLAIMER: Branden DuCharme is an investment advisor representative of and offers investment advisory services through SCF Investment Advisors, Inc. an SEC Registered Investment Advisor • 10150 Meanley Drive First Floor San Diego, CA 92131• [phone] • www.scfsecurities.com SCF Investment Advisors, Inc. and DuCharme Wealth Management are separate entities.
The information in this podcast is current at the time of recording. It is based upon sources and data believed to be accurate and reliable. The information, opinions, and forward-looking statements expressed herein are subject to change without notice. Moreover, all comments & opinions voiced herein are for informational and entertainment purposes only and are not intended to provide specific advice or recommendations and should not be interpreted as such. Further the opinions expressed are Branden DuCharme's and his guests and do not reflect the views and opinions of SCF Investment Advisors or any of its affiliates.
Investing involves risk including possible loss of principal. No strategy assures success or protects against loss. To determine what is appropriate for you, consult your financial professional. This information is not intended to be a substitute for specific individualized tax or legal advice. DuCharme Wealth Management and SCF Investment Advisors do not provide legal or tax advice. These services are provided by separate entities.
The guest speakers featured in this podcast are not affiliated with SCF Investment Advisors nor are they affiliated with DuCharme Wealth Management unless otherwise indicated.
[00:00:00] Intro.
[00:04:27] Understanding Business Taxes and Planning.
[00:13:18] Avoiding Tax Pitfalls in Real Estate.
[00:23:55] Tax Considerations in Asset Liquidation.
[00:34:28] Tax Strategies for Airbnb Investments.
[00:45:01] Managing Risk and Documentation in Taxes.
[00:52:34] Balancing Risk and Tax Planning.