We are being slammed with calls from our tax clients panicked to get things in order before mid-December.  They are lining up for consulting appointments at $400 per hour.  That sounds horrible, but we just did a 40-hour job for a businessman and got him an extra $1 million plus out of his business this year. 

There are a lot of things you need to do to prepare for 2020 year-end tax planning.  This is especially true when you listen to Biden and what he plans to do with your taxes.  Ben Rucker and I have agreed to spend four hours with my students (you) and go through in detail what needs to be done to maximize your tax savings this year.  Ben is doing it over and over for his clients, so we know what the issues are.

In case you forgot, Ben is a former special Special Agent/Special Auditor for the IRS.  We are both helping wealthy clients across the nation protect their assets and cut their tax bill.  We just worked with a client this week who had his taxes prepared by one of the bigger accounting firms in the state.  They didn’t bother to do an analysis of 199A last year for their client.  Had they adjusted the owner’s salary before the end of the year and paid him a higher salary, it would have saved him over $300,000 in taxes. 

It seems weird to think that paying yourself more will save taxes, but you won’t know unless the analysis is done.  You won’t be paying yourself $350,000 more, but if you have Schedule C or Schedule E income, adjusting your salary could mean a lot.  One real estate investor is now having Ben do his taxes.  Last year they didn’t qualify for some of their tax write offs, because their accountant didn’t have them balance salary and distributions in their LLC.

You probably won’t make an extra $333,900 in tax savings by attending our four hour Zoom Tax Summit, but you could easily, and likely will, pick up a couple of thousand extra bucks this year by just making some fine tuning adjustments in your tax numbers before the end of the year. 

Sure, you’ve got your accounting firm or tax software, but you still have to line everything up to get the best results when your taxes are actually prepared.  You can attend the first ever LegaLees Tax Summit via Zoom, so it will be easy for you to get extra money this year.  You do have to register. 

LEGALEES TAX SUMMIT

Friday, December 4, 2020

9 AM – 1 PM Mountain Standard Time (11 AM – 3 PM EST)

Via Zoom

Tuition $199

 

Guarantee:  If you don’t see how you’ll get more than $199 in tax savings this year or next, just ask for a refund before January 1, 2021, and we’ll refund your tuition money back.

Look at what we’ll be covering:

• Passive losses in real estate investing
• Maximizing 199A (20% Trump deduction)—take advantage now before it disappears
• Above the line / Below the line accounting
• 5 ways to lower your adjusted gross income
• Marginal tax rates vs. effective tax rates—easily calculate your own tax savings without waiting for your accountant
• Year-end equipment purchases
• Tax deductions with cash outflow vs. without cash flow outputs

Register by December 1 and get a free review of your 2019 tax return ($400 value).  You’ll upload it to a secure site and then have a phone conversation with one of the accountants in Ben’s office.  SO REGISTER NOW.