Brent Bement, CPA

Wealth Game

Business EN ↓ 166 episodes

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.

Author

Brent Bement, CPA

Episodes

14 - Big changes coming to electric vehicle tax credits in the inflation reduction act 16.08.2022 8:09

Here are some of the proposed changes and opportunities for electric vehicles in the inflation reduction act. Tax credits for tesla vehicles, tax credits for used vehicles, and income limitations are all part of the changes.

15 - How to make $500k and pay no income tax - one example 16.08.2022 6:18

How a high income W-2 income earner filing a joint tax return can pay little to no income tax on their earnings.

16 - Should I form an LLC to own real estate 16.08.2022 4:54

Why forming an LLC to own real estate is a good idea. Tax benefits, asset protection, more easily splitting ownership and estate planning purposes.

13 - Donor Advised Fund - charitable giving strategies 15.08.2022 4:51

It's possible to "prepay" your charitable contributions into a Donor Advised Fund (DAF) where you retain control of where the money goes. This is a great way to front load your charitable contributions in a high tax bracket year but still be able to give to the charity of your choice years into the future.

12 - Sell your personal home tax free 14.08.2022 4:58

Ever wondered about the tax laws on selling your personal home tax free? Enjoy up to $250,000 ($500,000 if filing jointly) of tax free capital gain from the sale of your personal home.

11 - How to do a 1031 exchange 13.08.2022 8:12

Did you know that you can sell your real estate and roll the funds over into another investment to eliminate your tax bill this year? There are some specific ins and outs on how to do it and this episode covers the process and some of those important details.

10 - RV Rental - save on taxes and make money 12.08.2022 13:23

The average RV only gets used 20 days a year! Some of our history with RV rentals, and how it can be possible to get a deduction when you buy an RV.

9 - What is a syndicated investment deal 11.08.2022 8:05

Learn about investing in syndications / syndicated investment deals. There are all sorts of these investments around and understanding the concept will help you understand your role.

8 - How heavy does my car need to be for a deduction 10.08.2022 4:11

Learn about writing off your business vehicle and why how much it weighs matters

7 - What is a cost segregation in real estate 09.08.2022 8:23

Learn about cost segregations for real estate investors

6 - 4 benefits of real estate 08.08.2022 9:40

Learn about 4 of the main benefits of real estate. Not just cash flow can make or break a real estate deal.

5 - 4 ways an LLC can be taxed 05.08.2022 8:05

Learn about the different ways an LLC can be taxed. As a business owner or investor you need to know the differences.

4 - Augusta rule - Have your business rent your home tax free 04.08.2022 5:58

Learn more about the August Rule and how to have your business rent your own home from yourself tax free

3 - Short term rental loophole 03.08.2022 4:47

How to take advantage of the short term rental loophole by investing in specific kinds of real estate to unlock the tax savings of bonus depreciation in a 2nd home, vacation home, or other short term rental property.

2 - Pay your kids and get a deduction 02.08.2022 5:53

How to pay your kids through your business and get a deduction for it

1 - Intro Episode - Tax savings isn't just for the wealthy 01.08.2022 3:21

Intro to the podcast and why I created it. Why I think tax savings isn't just for the wealthy, and what I think holds people back.