162: How to Pay Less to the IRS with Amanda Han, CPA

No one likes paying taxes, so let’s talk about how you can pay FAR less to the IRS! On today’s show, we sit down with real estate investor and CPA Amanda Han, the author of the brand new book The Book on Tax Strategies for the Savvy Real Estate Investors. In this powerful (and fun!) interview, you’ll learn about the biggest tax mistakes investors make when setting up — and running — their real estate business. This interview could literally save you thousands of dollars! Dig in! In This Episode We Cover:The new book that will help you save moneyWho Amanda Han is and how she became CPA to an investorWhy the Tax Code is a language on its ownThe importance of working with a CPA in regard to the Tax CodeThe big list of people who screw up their taxesGetting the right legal entity on the first dealThe two things to ask your CPALegitimate tax deductions you should knowGetting deductions from equipmentWhat you should know about the home office deductionOther neglected deductionsA discussion on income shiftingWhy you need to make sure you keep receiptsHow to figure out if an activity is deductible through a CPAImportant retirement strategiesWhat you should know about self-directed investingThe basics of a 401(k)The tax deferred and leverage concepts all rolled into oneTips for getting benefits from depreciationEntities and mistakes people make with themHow having corporations save on taxWhy you need proactive planningAnd SO much more!Links from the ShowBP Podcast 049: Real Estate Tax Tips, Jokes, and Loopholes With Amanda HanBP Podcast 011 : The Ultimate Beginner’s Podcast For Real Estate InvestorsBiggerPockets PodcastSenseFinancial4 Depreciation Tax Mistakes Investors Need to AvoidBiggerPockets WebinarBiggerPockets StoreBiggerPockets ForumsBooks Mentioned in this ShowThe Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matthew MacFarlandRich Dad Poor Dad by Robert KiyosakiThe 4-Hour Workweek by Timothy FerrissTweetable Topics:“Within the Tax Code, there are a lot of loopholes.” (Tweet This!)“As long as you can show that it is necessary for your business, it should be a tax reduction.” (Tweet This!)“Depreciation is not a choice.” (Tweet This!)Connect with AmandaAmanda’s BiggerPockets ProfileAmanda’s Website

Episode 162 of the BiggerPockets Real Estate Podcast podcast, hosted by BiggerPockets, titled "162: How to Pay Less to the IRS with Amanda Han, CPA" was published on February 18, 2016 and runs 72 minutes.

February 18, 2016 ·72m · BiggerPockets Real Estate Podcast

Summary

No one likes paying taxes, so let’s talk about how you can pay FAR less to the IRS! On today’s show, we sit down with real estate investor and CPA Amanda Han, the author of the brand new book The Book on Tax Strategies for the Savvy Real Estate Investors. In this powerful (and fun!) interview, you’ll learn about the biggest tax mistakes investors make when setting up — and running — their real estate business. This interview could literally save you thousands of dollars! Dig in! In This Episode We Cover: The new book that will help you save money Who Amanda Han is and how she became CPA to an investor Why the Tax Code is a language on its own The importance of working with a CPA in regard to the Tax Code The big list of people who screw up their taxes Getting the right legal entity on the first deal The two things to ask your CPA Legitimate tax deductions you should know Getting deductions from equipment What you should know about the home office deduction Other neglected deductions A discussion on income shifting Why you need to make sure you keep receipts How to figure out if an activity is deductible through a CPA Important retirement strategies What you should know about self-directed investing The basics of a 401(k) The tax deferred and leverage concepts all rolled into one Tips for getting benefits from depreciation Entities and mistakes people make with them How having corporations save on tax Why you need proactive planning And SO much more! Links from the Show BP Podcast 049: Real Estate Tax Tips, Jokes, and Loopholes With Amanda Han BP Podcast 011 : The Ultimate Beginner’s Podcast For Real Estate Investors BiggerPockets Podcast SenseFinancial 4 Depreciation Tax Mistakes Investors Need to Avoid BiggerPockets Webinar BiggerPockets Store BiggerPockets Forums Books Mentioned in this Show The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matthew MacFarland Rich Dad Poor Dad by Robert Kiyosaki The 4-Hour Workweek by Timothy Ferriss Tweetable Topics: “Within the Tax Code, there are a lot of loopholes.” (Tweet This!) “As long as you can show that it is necessary for your business, it should be a tax reduction.” (Tweet This!) “Depreciation is not a choice.” (Tweet This!) Connect with Amanda Amanda’s BiggerPockets Profile Amanda’s Website Learn more about your ad choices. Visit megaphone.fm/adchoices

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