CashFlow Quest Episode 34

Tax Strategies for Business Owners: Navigating IRS Rules and Real Estate Opportunities

In this episode of CashFlow Quest, hosts Blake Comfort and Jennifer Purcell are joined by Tide Eldridge and Ben Schuster to dive into tax strategies that help business owners and real estate investors achieve financial freedom. The discussion covers tax structures and the benefits of different business entities like LLCs, S Corps, and C Corps, along with optimizing salary distributions to minimize taxes. The team emphasizes the importance of working with a CPA and explores leveraging the real estate professional designation for tax advantages. They also highlight why mobile home parks are powerful for depreciation benefits, how to use 1031 exchanges to defer capital gains, and how tools like Roth IRAs and life insurance can maximize tax efficiency.

The Panel Dive into the Key Takeaways:

• Tax Strategies for Business Owners & Investors
  
• Choosing the Right Business Entity
  
• Using Real Estate Professional Status
  
• Depreciation Benefits in Mobile Home Parks
  
• Deferring Taxes with 1031 Exchanges
  
• Building Wealth with Roth IRAs & Life Insurance
  

Listeners are encouraged to consult financial advisors to tailor these strategies to their unique goals while building tax-efficient wealth.

Tide Eldridge is a Partner & Chief Operating Officer at Comfort Communities.

Listeners can connect with Tide Eldridge on LinkedIn @TideEldridge

Benjamin Schuster leads Capital Formation and Investor Relations for Comfort Capital.

Listeners can connect with Benjamin Schuster on LinkedIn @BenjaminSchuster

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