IRS Tightening Asset Shifting Tax Loophole
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Today’s episode is about the IRS wanting to end another “tax loophole”. We don’t like the phrase tax loophole. It is clickbait… The reality is there isn’t tax loopholes, it is called the tax code. High IQ athletes know the rules of the sport they play to be able to utilize the rules to enhance the outcome and make the calls tough on the ref. Tax planning is similar, we utilize the tax code to be able to enhance the outcome. There is nothing illegal involved in this! If there was, they wouldn’t be trying to audit them they would be trying to bring criminal charges against them and lock them up.
Bob goes through an article talking about a “tax loophole” that could raise more than $50 billion dollars in revenue. This specific one is about asset shifting rules.
The information in these videos is for informational and educational purposes only and should not be construed as tax, legal, or financial advice. Linked items may create a financial benefit for Terra Firma and its affiliates.
Articles used making this video:
https://finance.yahoo.com/news/irs-wants-end-another-major-124532819.html?guccounter=1
Reach out to us. We’d love to get to know our subscribers support@terrafirmaconsultantsllc.com
Buy Bob’s new book Farming Assets:
https://bit.ly/FarmingAsset
Buy Bob’s book Economic Termites:
https://bit.ly/EconomicTermite
Learn more about what we do and how we can help you. https://www.terrafirmaconsultant.com/
Subscribe to our new podcast Wealth Mavericks:
https://www.youtube.com/channel/UCpFTe4qmVDjE1fwFIc6W00A
Видео IRS Tightening Asset Shifting Tax Loophole канала Asset Coach & Tax Strategist
Today’s episode is about the IRS wanting to end another “tax loophole”. We don’t like the phrase tax loophole. It is clickbait… The reality is there isn’t tax loopholes, it is called the tax code. High IQ athletes know the rules of the sport they play to be able to utilize the rules to enhance the outcome and make the calls tough on the ref. Tax planning is similar, we utilize the tax code to be able to enhance the outcome. There is nothing illegal involved in this! If there was, they wouldn’t be trying to audit them they would be trying to bring criminal charges against them and lock them up.
Bob goes through an article talking about a “tax loophole” that could raise more than $50 billion dollars in revenue. This specific one is about asset shifting rules.
The information in these videos is for informational and educational purposes only and should not be construed as tax, legal, or financial advice. Linked items may create a financial benefit for Terra Firma and its affiliates.
Articles used making this video:
https://finance.yahoo.com/news/irs-wants-end-another-major-124532819.html?guccounter=1
Reach out to us. We’d love to get to know our subscribers support@terrafirmaconsultantsllc.com
Buy Bob’s new book Farming Assets:
https://bit.ly/FarmingAsset
Buy Bob’s book Economic Termites:
https://bit.ly/EconomicTermite
Learn more about what we do and how we can help you. https://www.terrafirmaconsultant.com/
Subscribe to our new podcast Wealth Mavericks:
https://www.youtube.com/channel/UCpFTe4qmVDjE1fwFIc6W00A
Видео IRS Tightening Asset Shifting Tax Loophole канала Asset Coach & Tax Strategist
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20 июня 2024 г. 23:52:53
00:28:57
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