Tax Reduction Podcast

Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! In this podcast, I break down one of the most common — and most dangerous — mistakes I find on S corporation tax returns: the "loan to shareholder." If you own an S corporation, there's a good chance this is sitting on your balance sheet right now, and you probably...

Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! In this podcast, I review the tax return of a 69-year-old interventional pain management doctor who makes multiple seven figures — and I tell him how he could potentially save more than $500,000 on taxes using strategies his own accountant completely missed. Dr. Felix owns a succ...

Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! Is it too late to elect S corporation status and process payroll for the year? Short answer: no. In this podcast, I break down how a late S corporation election works, why the March 15 deadline isn't always the final deadline, and how you may still be able to catch up on pay...

Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! In this podcast, I sit down with a medical practice owner and review his tax situation. As I went through his tax return, I identified several tax strategies worth looking at. When I added them together, I found approximately $509,000 in potential tax deductions. That does not me...

Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! This painting contractor, Joe, sold his business for $2,000,000 using installment sale tax strategy but he had an unexpected tax bill EVEN though he had an installment sale set up. In this podcast, I covered exactly what went wrong and how to be prepared in the future for this. A...

Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! Are you a contractor, trades business owner, or high-income earner struggling with a massive tax bill after selling your business? In this episode of Hot Seat Tax Return, I break down a real-life case study with Joe, a former painting contractor from Napa, California.  Discover h...

Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! In this Hot Seat Tax Review, I review the tax return of a 7-figure printing business owner and show him 1 tax strategy that could help increase deductions and reduce taxes. His name is Slava, and he sent in his business returns, real estate returns, and personal return so I could...

Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! In this podcast, I review the tax return of a six-figure dental practice owner and break down how she could potentially save about $51,000 in taxes. I walk through the exact areas I reviewed on her return, including her S corporation salary, reasonable compensation, payroll tax s...

Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! Short term rental audit rules can be confusing. Especially if you used real estate losses, bonus depreciation, or cost segregation to reduce business income. In this podcast, I explain how to handle a short term rental audit and how to prepare before the IRS or state ever asks fo...

Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! In this podcast, I break down how to write off your home office the right way in 2026. It does not matter if you own a dental practice, a medical practice, a law firm, or a manufacturing business with a warehouse. Even if you already have a real office, you can still write off yo...

Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! In this podcast I tell you three tax planning strategies that business owners can use mid year to save money. These are the exact strategies I use with my clients in our tax advisory firm, and there is still plenty of time left in the year to put them to work. First I cover the a...

Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! If you want to know how to pay $0 in taxes as a business owner, this video is for you. I sat down with Rod Khleif, a real estate investor, entrepreneur, and host of one of the largest real estate podcasts in the world (Lifetime Cash Flow), to break down exactly how he pays $0 in...

Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! Accepting crypto as payment in your S-Corporation? Before you do ANYTHING, listen to this podcast. Crypto inside an S-Corporation doesn't work like a stock investment, real estate, or even holding crypto personally. The IRS has specific rules for digital assets inside a busi...

Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! 5 IRS Audit Triggers Every Business Owner Must Avoid in 2026. If you're running a business and taking write-offs, the IRS may already be watching. In this podcast, I break down the five biggest IRS audit red flags that get business owners flagged, and exactly how to avoid th...

Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! The PTE tax strategy is changing in 2026 but it is NOT going away. If your accountant told you to stop using the pass through entity tax strategy because the SALT cap increased to $40,000, they are wrong. In this podcast, I break down exactly what changed with the PTE tax strateg...

Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! Top 5 easy to use tax strategies that will reduce your taxes and save you money in 2026. These are my top 5 tax strategies every business owner needs to know. If you own a business, these five tax strategies are ones you need to start using today, and three of them can still be a...

Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! Cost Segregation for Dentists: Your accountant told you that you can't use a cost segregation study on the building you own because of passive loss rules. If you're a dentist or any medical professional, your accountant is wrong. In this podcast, I break down exactly wh...

Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! How to pay yourself as an LLC owner in 2026 — I break it down in 3 simple steps. Whether your LLC is taxed as a sole proprietorship, partnership, S corporation, or C corporation, I walk you through exactly how to pay yourself from your LLC the right way. I cover the four ways you...

Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! Trump Accounts are a brand new tax-advantaged savings account for children, and most business owners have NO IDEA they can use this as a business tax deduction. In this podcast, I break down exactly how Trump Accounts work, how you as a business owner can contribute up to $2,500...

Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! Is Trump really eliminating income taxes for business owners? The short answer is no, but the One Big Beautiful Bill Act that passed on July 4th, 2025 made MASSIVE tax changes that directly benefit S corporation owners and small business owners right now. In this podcast, I break...

Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! The Augusta Tax Strategy lets S corporation owners pay themselves tax-free money from their business, completely legal under Section 280A of the tax code. In this podcast, I break down exactly how this powerful Augusta rule tax strategy works, the 5 critical rules you must follow...

Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! If you're an S corporation owner with inventory, you could be missing out on a MASSIVE tax deduction. Most business owners don't know this, but the Tax Cuts and Jobs Act created a loophole that lets you deduct 100% of your inventory - even the stuff you haven't sol...

Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! Today I reveal the hiring your spouse tax strategy that means my client is estimated to save $338,000 in taxes. Most business owners are doing this completely wrong - either overpaying their spouse and crushing themselves with payroll taxes, or missing out on massive tax deductio...

Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! In this year-end tax planning podcast, I cover two powerful charitable donation tax strategies that wealthy individuals use to reduce their tax liability by hundreds of thousands of dollars. If you're facing a big tax bill this year or want to implement proactive tax plannin...

Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! If you're an S-Corporation owner making over $1 MILLION and you're still using the same tax preparer you started with... you're probably overpaying by six figures. Let's talk about the BIGGEST salary mistake million-dollar S-Corporation owners make that's...