Hi mark Kohler here let's talk about tax tips to not over pay your taxes now I've got three incredible strategies here that I think can save you thousands and thousands of dollars number one let's talk about having a home-based business I'm not saying quit your day job but just even starting a small business on the side can be phenomenal maybe it's generating some extra income but writing off the personal expenses that now can be related to that of a business cellphone travel dining entertainment Home Office PDAs laptops all these expenses can be written off if you have that small business feature on your tax return number two let's talk about buying a rental property I know that may seem a little odd but I encourage all my clients to be in the market to buy a rental property maybe just one rental property a year or every couple years it's a wonderful way to build long term wealth create tax-free appreciation tax-free cash flow in a future retirement number three let's talk about self-directing your retirement account now this has been around for years and years but it's something Wall Street really doesn't want you to know and that is that you can self direct your IRA 401k SEP simple any sort of retirement account you're not just stuck with stocks bonds and mutual funds you can buy rental property inside your IRA you can buy racehorses a farm or ranch all sorts of real estate strategies or small business it's called self-directing your retirement account we oftentimes also call this opportunity shifting quit making so much money in your own life and Spain paying so much in taxes shift the opportunity once in a while to your IRA well look into it because it...
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