PODCAST · business
Wealth Game
by Brent Bement, CPA
Ever wondered why the "wealthy" pay such a low tax rate? Grow your wealth through smart investments, and keep more of your wealth by reducing your taxes. Hosted by Brent Bement, CPA, CVA: Real estate investor and President of a CPA firm that provides tax and investment strategy services across the nation.
Episodes
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167 - Midyear Tax Checkup: Process to Find and Fix the Problem Before It Becomes a Surprise Tax Bill
Think you're on track with your taxes? You might be headed for a surprise bill. Before the year slips away, there are a few simple things you can do to catch potential tax issues early, improve your cash flow, and avoid unpleasant surprises at tax time. In this episode of the Wealth Game Podcast,...
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166 - Tax Planning vs Tax Preparation: Why April Is Too Late
Are you waiting until tax season to think about your taxes? If so, you could be missing some of the biggest opportunities to reduce your tax bill. In this episode of the Wealth Game Podcast, Brent explains the key difference between tax planning and tax preparation, and why that difference can…
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165 - Cabin burns down - do you get a deduction on personal property losses
What happens if your cabin, home, or other personal property is destroyed in a fire or natural disaster? Can you deduct the loss on your taxes? In this episode of the Wealth Game Podcast, Brent breaks down the IRS rules surrounding personal casualty losses, including how your property's tax…
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164 -Setting up your kids Trump Accounts + Business owner strategy
What if you could start building wealth for your kids today while creating a tax-smart benefit for your employees at the same time? In this episode, we break down the new Trump Accounts, including who qualifies for government contributions, how to set them up, contribution limits, and strategies...
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163 – Cost Segregations: Big 1st year deductions for real estate investors + 100% Bonus Depreciation is back
Most real estate investors are leaving hundreds of thousands of dollars on the table… without even realizing it. What if a $37K deduction could turn into $300K+ in year one? In this episode, we break down: Cost segregation (and why it’s a game changer) How bonus depreciation is back And how smart...
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162 - Are solar tax credits gone for good + an alternative
Are solar tax credits really gone for good? With rising energy costs and major changes in tax law, the game around solar just shifted in a big way. In this episode, we break down what actually changed, why those 30% credits disappeared, and the alternative most homeowners don’t know about yet. If...
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161 - Have an old building? Get a huge tax credit
What if renovating an old building could pay you back 20%, 30%, even 40% in tax credits? In this episode, Brent breaks down the Federal Historic Tax Credit, who qualifies, how it works, and how to turn an old property into a powerful tax strategy....
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160 - Completely tax free dividend and gain income - planning for low income years
There is a way to legally earn investment income and pay far less tax than most people think. It is not a loophole. It is not aggressive. It is simply smart planning. In this episode, Brent breaks down how it works and who should be paying attention....
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159 - Deduct your vehicle loan interest - even if you don't have a business
Thinking about buying a brand new vehicle between 2025 and 2028? In this episode, Brent shares a tax deduction that could help you write off the interest on your car loan. He breaks down who qualifies, the income limits to watch, and the simple steps to make sure you do not miss this opportunity…
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158 - Trump Accounts - how to claim the $1,000, strategies, and who can put money in
In this episode, we break down the new Trump Accounts, including who qualifies, how the $1,000 government seed money works, and the rules around family and corporate contributions.We also cover how these accounts are taxed and key strategies parents and grandparents should consider....
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157 - Unlocking the Power of Captive Insurance for Your Business
In this episode, Brent explains how captive insurance can be used as a strategic tax tool for business owners. He discusses how creating your own insurance company may allow you to deduct premiums, reduce taxes, and build a reserve for business risks while potentially benefiting from favorable…
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156 - Tax Loss Harvesting - Strategically Sell Your Crypto, Metals, or Stocks
In this episode, Brent discusses how recent volatility in crypto, precious metals, and the markets can create smart tax-planning opportunities. He breaks down tax-loss harvesting, how losses can offset gains, and why timing matters when prices swing sharply. Brent also explains the wash sale rule...
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155 - Fractional Share Properties - Pros & Cons + Watch Out for Unusable Deductions
In this episode, Brent discusses fractional share real estate investments and what investors need to know before buying in. He explains how fractional ownership works, why these properties are often priced lower, and the key pros and cons investors should consider. Brent also covers the tax...
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154 - Tax Season Arrives - What Everyone Can Do To Prepare
Tax season is officially here. In this episode, Brent walks through what to expect as the IRS opens e-filing, key tax season deadlines, and practical steps everyone can take now to make the filing process smoother. From organizing tax documents to understanding extensions and payment timelines,...
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153 - Understanding Opportunity Zones - Tax Benefits for Investors
In this episode of the Wealth Game Podcast, Brent will discuss how Opportunity Zones can be used as a tax strategy to defer and potentially eliminate capital gains taxes. He explains who this strategy is best suited for, including investors and business owners selling real estate, businesses,...
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152 - Step 8 - Investment Planning - Tax Strategy Framework
In this episode, Step 8 of the Tax Strategy Framework, Brent wraps up the series by discussing investment planning and how different investment choices can impact your taxes now and in the future. He walks through real estate, business investments, charitable strategies, and other planning...
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151 - Step 7 - Tax Exempt Income & Cash Flow - Tax Strategy Framework
In this episode, Step 7 of the Tax Strategy Framework, Brent walks through different types of tax exempt income and tax free cash flow. He shares practical examples and strategies that can help reduce taxable income while increasing cash flow through smarter investment and planning decisions....
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150 - Step 6 - Converting Income Types - Tax Strategy Framework
In this episode, Step 6 of the Tax Strategy Framework, Brent discusses income types and why some are taxed much more heavily than others. He explains the difference between wages, self employment income, and investment income, and how strategic planning can help shift income toward lower or even...
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149 - Step 5 - Tax Brackets - Tax Strategy Framework
In this episode, Brent breaks down Step 5 of the Tax Strategy Framework, Planning with Tax Brackets. He explains how the U.S. tax bracket system really works, why not all income is taxed at the same rate, and how strategic planning within your own bracket or using other people’s or entities’...
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148 - Step 4 - Entity Structure - Tax Strategy Framework
In this episode, we cover Step 4 of the Tax Strategy Framework: Entity Structure and why it plays a critical role in effective tax planning. We discuss how entity choices impact taxes, liability, and long-term growth, and why many business owners unknowingly limit themselves with the wrong setup....
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147 - Step 3 - Tax Credits - Tax Strategy Framework
In this episode, Brent continues the Eight-Step Tax Strategy Framework and focuses on Step 3: Tax Credits. While deductions reduce taxable income, tax credits reduce tax directly and can create powerful savings when used correctly. Brent explains the difference between refundable and…
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146 - Step 2 - Defer Income-Accelerate Expenses - Tax Strategy Framework
In this episode, Brent continues the Eight-Step Tax Strategy Framework by explaining Step 2: Defer Income and Accelerate Expenses. Although this strategy sounds simple, Brent breaks down why timing can significantly affect your tax outcome and how both employees and business owners can use these...
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145 - Step 1 - Deductions - Tax Strategy Framework
In this episode, we begin the Eight-Step Tax Strategy Framework by focusing on Step 1: Deductions, which is one of the most important and often overlooked parts of tax planning. Brent explains how deductions work for different types of taxpayers, including W-2 earners and business owners, and why...
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144 - Tax Strategy Framework summary - 8 Key Items to Consider
In this episode, Brent introduces his 2025 Year-End Tax Strategy Series, starting with a high-level walkthrough of the 8-Step Tax Planning Framework he uses with clients. Instead of focusing only on popular one-off tax tips, this episode explains the mindset and structure behind effective tax...
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143 - Avoid paying tax on gains through Opportunity Zone investments
143 - Avoid paying tax on gains through Opportunity Zone investments Do you want access to the videos, drawings, templates, tools, and be able to get your questions answered on the live calls or in the community? We'd love to have you join the Wealth Game basics today to get some additional free...
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142 - LLC Myths & What They Really Mean for Taxes and Wealth
142 - LLC Myths & What They Really Mean for Taxes and Wealth Do you want access to the videos, drawings, templates, tools, and be able to get your questions answered on the live calls or in the community? We'd love to have you join the Wealth Game basics today to get some additional free…
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141 - Owning Real Estate in Self Directed Retirement Accounts
141 - Owning Real Estate in Self Directed Retirement Accounts Do you want access to the videos, drawings, templates, tools, and be able to get your questions answered on the live calls or in the community? We'd love to have you join the Wealth Game basics today to get some additional free...
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140 - Sell a business tax free? Up to $15 million tax free gain under new law
140 - Sell a business tax free? Up to $15 million tax free gain under new law Do you want access to the videos, drawings, templates, tools, and be able to get your questions answered on the live calls or in the community? We'd love to have you join the Wealth Game basics today to get some...
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139 - Can a Doctor’s Note Make the IRS Pay for Your Pool?
139 - Can a Doctor’s Note Make the IRS Pay for Your Pool? Do you want access to the videos, drawings, templates, tools, and be able to get your questions answered on the live calls or in the community? We'd love to have you join the Wealth Game basics today to get some additional free resources,...
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138 - Big Beautiful Bill - 9 key items for individuals, investors, and business owners
138 - Big Beautiful Bill - 9 key items for individuals, investors, and business owners Do you want access to the videos, drawings, templates, tools, and be able to get your questions answered on the live calls or in the community? We'd love to have you join the Wealth Game basics today to get…
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137 - Self-Directed IRAs: The Good, The Bad, and The Ugly
137 - Self-Directed IRAs: The Good, The Bad, and The Ugly Do you want access to the videos, drawings, templates, tools, and be able to get your questions answered on the live calls or in the community? We'd love to have you join the Wealth Game basics today to get some additional free resources,...
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136 - Paying tax on something you didn't sell - Realized vs Unrealized Gains
136 - Paying tax on something you didn't sell - Realized vs Unrealized Gains Do you want access to the videos, drawings, templates, tools, and be able to get your questions answered on the live calls or in the community? We'd love to have you join the Wealth Game basics today to get some…
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135 - Using 1 Bitcoin to Retire Tax Free in 10 Years
Using 1 Bitcoin to Retire Tax Free in 10 Years Do you want access to the videos, drawings, templates, tools, and be able to get your questions answered on the live calls or in the community? We'd love to have you join the Wealth Game basics today to get some additional free resources, videos, and...
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134 - How To Turn Your Toys into tax deductions (RV, boat, 4 wheeler, Sports Cars)
How To Turn Your Toys into tax deductions (RV, boat, 4 wheeler, Sports Cars) Do you want access to the videos, drawings, templates, tools, and be able to get your questions answered on the live calls or in the community? We'd love to have you join the Wealth Game basics today to get some…
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133 - How to Use Real Estate Losses as a Passive Investor
How to Use Real Estate Losses as a Passive Investor Do you want access to the videos, drawings, templates, tools, and be able to get your questions answered on the live calls or in the community? We'd love to have you join the Wealth Game basics today to get some additional free resources…
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132 - 2025 Tax Law Change - One Big Beautiful Bill Status
Do you want access to the videos, drawings, templates, tools, and be able to get your questions answered on the live calls or in the community? We'd love to have you join the Wealth Game basics today to get some additional free resources, videos, and tools: Visit www.wealthgame.io For specific…
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131 - Introduction to the Bement & Co Tax Personas
In this video, I introduce five tax personas to help you identify with specific tax strategies tailored to your unique situation. I encourage you to relate to more than one persona and focus on strategies that apply specifically to you. Acknowledging your persona will streamline your tax planning...
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130 - 10 of 10 Trump vs Harris Tax Battle - And the winner is....
In this video, I analyze the tax proposals of Trump and Harris, focusing on different taxpayer personas like Investor Erwin, Employee Ed, Retired Roger, and Self-Employed Sheila. I discuss how each proposal may impact various income brackets and types of earners, ultimately declaring Trump as the...
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129 - 9 of 10 Trump vs Harris tax battle - Death and Estate tax
In this video, I delve into the intricate details of the estate tax differences between Trump and Harris, focusing on the current $13 million limit and the proposed changes. I explain the implications of exceeding the limit, the tax percentages, and the impact on inheritances. Viewers are urged…
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128 - 8 of 10 Trump vs Harris Tax Battle - Real Estate Investors
In this video, I delve into the tax strategies of real estate investors, focusing on the impact of policies by Trump and Harris. I discuss Trump's bonus depreciation and opportunity zones, highlighting how they can accelerate investments and reduce tax burdens. On the other hand, Harris's focus…
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127 - 7 of 10 Trump vs Harris Tax Battle - Renewable Energy Tax Credits
In this video, I delve into the specifics of green energy tax credits under the Biden and Trump administrations, focusing on solar, wind, and electric vehicle incentives. I explain the current solar tax credit benefits, potential future expansions, and the differences in approach between the two...
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126 - 6 of 10 Trump vs Harris Tax Battle - Can Tariffs Replace Income Taxes
In this video, I delve into the potential implications of replacing income tax with tariffs, exploring how it could affect businesses, prices, and overall economic dynamics. We discuss the concept of VAT tax, payroll taxes, and the shift towards domestic production. No specific action is…
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125 - 5 of 10 Trump vs Harris tax battle - Itemized Deductions Removing $10k cap on Property Tax Deduction
In this video, I delve into the intricate details of itemized deductions in the ongoing tax battle between Trump and Harris. Exploring the implications of removing the $10,000 cap on state and local tax deductions, I highlight how this change could impact high-income earners and the middle class....
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124 - 4 of 10 Trump vs Harris Tax Battle - Corporate Tax Rates
In this video, I delve into the differences between Trump and Harris's proposals regarding corporate tax rates. Harris suggests raising the rate to 28%, while Trump aims to maintain it at 21% with additional incentives. I discuss the potential impacts on businesses, job creation, and the economy,...
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123 - 3 of 10 Trump vs Harris Tax Battle - Tax Free Income
In this video, I delve into the tax exemption proposals by Trump and Harris. Trump's proposals include tax-free tips, overtime, and Social Security income, potentially benefiting many. Harris, however, has not put forth any tax exemption proposals, focusing instead on credits for renters and…
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122 - 2 of 10 Trump vs Harris Tax Battle - 100% Bonus Depreciation or Business Standard Deduction
In this video, I delve into the tax proposals of Trump and Harris regarding businesses. Harris suggests increasing the startup deduction to $50,000, aiming to support entrepreneurs. Trump's plan includes a 20% deduction on net income, benefiting small business owners. No government checks are...
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121 - 1 of 10 Trump vs Harris Tax Battle - Child Tax Credits
In this video, I delve into the intricate world of tax proposals by presidential candidates, highlighting the impact on taxpayers based on their income levels. I introduce the first of a 10-part series focusing on child tax credits and earned-income credits, comparing current policies with…
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120 - 3 Tax Free Proposals by Donald Trump
In this video, I delve into three tax-free proposals by Donald Trump, focusing on tax-free tips, tax-free overtime pay, and tax-free Social Security benefits. Explaining the potential impact on various individuals and industries, I analyze the implications and potential strategies for maximizing...
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119 - Possibly the worst way to be taxed - and some better alternatives
In the video, I discuss various types of taxable income, focusing on earned wage income, ordinary income, and tax-free income options. I explain how different tax rates apply to each type of income and how strategic planning can help minimize tax liabilities and maximize net worth. Viewers are...
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118 - Bonus depreciation going away - Here's the alternative using 179
In this video, I explain the changes in bonus depreciation percentages from 2022 to 2024 and introduce the Section 179 Deduction as an alternative. Bonus depreciation has decreased to 60% in 2024, impacting taxable income directly. The Section 179 Deduction can offset taxable income by the full...
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ABOUT THIS SHOW
Ever wondered why the "wealthy" pay such a low tax rate? Grow your wealth through smart investments, and keep more of your wealth by reducing your taxes. Hosted by Brent Bement, CPA, CVA: Real estate investor and President of a CPA firm that provides tax and investment strategy services across the nation.
HOSTED BY
Brent Bement, CPA
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