Know Your Numbers

In this episode of the Know Your Numbers REI podcast, host Chris McCormack discusses the importance of proactive tax planning for real estate investors. He highlights the difference between tax planning and other service offerings in the market and emphasizes the frustration that many investors face due to a lack of proactive tax planning. Chris is dedicated to providing listeners with the insight...

In this episode of the Know Your Numbers REI podcast, host Chris McCormack, a CPA and Certified Tax Planner, delves into a topic that is relevant to all real estate investors: what happens to your taxes when you die. While it may not be a pleasant topic, it is important to understand the implications and plan accordingly. Chris provides clarity and guidance on navigating the confusing waters of th...

In this episode of the Know Your Numbers REI podcast, host Chris McCormack discusses the misconception that tax advice is a one-size-fits-all solution. With the rise of social media influencers and the influx of financial advice, it's crucial for real estate investors to be aware of the potential pitfalls of generic tax advice. Chris emphasizes the importance of personalized tax planning and h...

In this episode of the Know Your Numbers REI podcast, host Chris McCormack discusses important things to be aware of as we approach the 2024 tax year. With recent changes to the tax law and ongoing efforts by the government to generate revenue and incentivize economic investment, it's crucial for real estate investors to stay informed. Chris highlights the proactive planning and strong client...

In this episode of the Know Your Numbers REI podcast, host Chris McCormack dives into the controversial subject of overpaying taxes. He explores whether it makes you a good citizen to overpay on taxes and presents three compelling reasons why it does not. From discussing the impact of overpaying on your ability to serve others to the lack of accountability in government offices and the questionabl...

Are you considering placing your real estate assets in an S Corporation? Hold off before making that decision! In this episode of the Know Your Numbers REI podcast, host Chris McCormack, CPA, MBA, and Certified Tax Planner, delves into the reasons why putting your real estate in an S Corporation might not be the best choice for you. From tax implications to legal complexities, he breaks down the c...

In this episode of the Know Your Numbers REI podcast, host Chris McCormack interviews Julie Roy, a seasoned business leader and an experienced real estate investor with several multi-million dollar exits. Julie shares her wealth of knowledge on building wealth, saving on taxes, and achieving your dreams. 📚💰 She also discusses her experiences in building and selling businesses, as well as her str...

Are you worried about making mistakes with your taxes? No stress – our latest video is here to guide you through the essential steps to help you keep more of your hard-earned money. Taxes can be tricky, but we break it down in plain language, making it easy to understand and apply. In this episode of the Know Your Numbers REI podcast, Chris McCormack, an MBA, CPA, and a Tax Expert in the real esta...

In this episode of the Know Your Numbers REI podcast, host Chris McCormack, CPA, MBA, and Certified Tax Planner, dives into the topic of real estate professional, and why it is important for all real estate investors to understand. Chris discusses the four reasons people get into real estate, the tax benefits of being a real estate professional, and how to ensure you are maximizing your tax advant...

In this informative episode, we explore the realm of tax planning and address the pressing question: When is the appropriate time to meet with an accountant? Maximizing your tax planning is crucial for individuals and businesses alike, and having the guidance of a knowledgeable accountant can make a significant difference. Whether you're an individual looking to optimize your personal finances...

In this episode of the Know Your Numbers REI podcast, host Chris McCormack, a tax expert, MBA, and CPA, discusses the breaking news of Jeff Bezos moving from Washington to Florida and how taxes might have played a role in this decision. Discover the world of real estate investment and explore the profound impact that taxes can have on the strategic decisions made by investors. Join us as we unrave...

Are you ready to discover the incredible advantages of filing jointly on your taxes? Join us in this informative episode where we delve deep into the world of tax benefits for couples.  In this episode of the Know Your Numbers REI podcast, host Chris McCormack dives into the topic of marriage and its impact on tax filing. He discusses the common questions and confusion that arise when one spouse i...

In this episode of the Know Your Numbers REI podcast, host Chris McCormack welcomes special guest Tim Cornwell, a realtor for eXp Realty and a successful real estate investor. Tim shares his journey in the real estate industry and offers valuable insights on the importance of keeping money flowing and in motion. He also discusses the concept of failing forward and the role of faith in business. Do...

As a real estate entrepreneur, you've likely mastered the art of property investment, but have you considered the potential benefits of expanding your investment portfolio into the stock market? In this video, we explore the important question: "Should I Invest in the Stock Market as a Real Estate Entrepreneur?" Chris McCormack, a certified tax expert and MBA in accounting will provi...

Considering a real estate tax strategy involving Qualified Opportunity Zones? This video is your essential guide on what to look out for when navigating this lucrative investment opportunity. We'll delve into the intricacies of Qualified Opportunity Zones, discussing key considerations, potential benefits, and the rules you need to be aware of. Whether you're a seasoned real estate investo...

In this episode of the Know Your Numbers REI podcast, host Chris McCormack, a Certified Tax Planner and MBA in Accounting, dives into the topic of what to look for in an accountant. Whether you're a real estate investor or simply interested in the potential tax savings and avoidance that real estate offers, finding the right accountant is crucial.  Chris discusses the importance of expertise,...

Are you concerned about the impending tax code changes and how they might impact your financial situation? In this informative video, we break down into the latest developments in tax legislation that could have a significant impact on your financial situation. Chris McCormack, a tax expert in finance and real estate, will help you understand the potential changes, how they might affect your incom...

In this episode, we'll be discussing the five Internal Revenue Service Incentivized Areas that taxpayers can take advantage of. Join us as we unravel the potential opportunities and advantages that these programs offer. These areas include Real Estate, Business, Technology, Environment, and Charity. Our host will provide insights on how these programs work and offer tips on how to maximize you...

Chris discusses the concept of profit first and what it can do to your business if you're willing to implement it.

Chris talks about the costs and benefits of setting up an LLC is a state that allows corporate anonymity. He answers the questions of what is corporate anonymity, why people do it and what to look out for. He also discusses the coming changes in regulation that will forever change the way these entities work. Concerned about the amount you pay in tax? Fill out our pre-screening questionnaire to se...

Join Chris as he breaks down the different entity structures and why they matter to your real estate business. Concerned about the amount you pay in tax? Fill out our pre-screening questionnaire to see if you're a good fit to work with our tax professionals Form: https://forms.gle/kTtZS3ZqAXGdvvCY8 And visit our website: www.betterbooksaccounting.co

In this episode, Chris discusses the five main reasons you're overpaying the government. Concerned about the amount you pay in tax? Fill out our pre-screening questionnaire to see if you're a good fit to work with our tax professionals Form: https://forms.gle/kTtZS3ZqAXGdvvCY8 And visit our website: www.betterbooksaccounting.co

In this episode, Chris discusses what tax planning is and why every real estate investor should be doing it. Concerned about the amount you pay in tax? Fill out our pre-screening questionnaire to see if you're a good fit to work with our tax professionals Form: https://forms.gle/kTtZS3ZqAXGdvvCY8 And visit our website: www.betterbooksaccounting.co

Matt Ruttenberg is the founder of SureLI, a life insurance company focused on cover you the right way as well CMO of Life, Inc. Retirement Service, a firm focused on growing your business and decreasing your taxes through the use of a retirement plan. He sat down with Chris to talk all things finance, FIRE movement and tax savings for business owners. Connect with Matt on LinkedIn: https://www.lin...

Flint Jamison is the founder of Vestus Capital LLC - a real estate investment firm focused on helping busy people earn passive income through commercial real estate investing. Connect with Flint on LinkedIn: https://www.linkedin.com/in/flintjamison/ Visit Vestus Capital Website: https://vestuscapital.com/ ---- For more Content with Chris McCormack and the Better Books team: Follow Chris on Instagr...