098. Why Congress Writes the Tax Code (and how you can take advantage of it)

02/09/2024 13 min

Listen "098. Why Congress Writes the Tax Code (and how you can take advantage of it)"

Episode Synopsis

Ready to save $10k-$50k in taxes this year? Book a call here:► https://taxstrategy365.com/pod-appIn this episode of the LearnLikeaCPA show, we dive into why Congress writes the tax code the way it does and how real estate investors can benefit from it. I'm breaking down the foundational principles behind the tax incentives for business owners, investors, and real estate professionals. I also share an update on proposed tax law changes that could impact your investment strategy.Timestamps:00:00:00 Intro00:00:30 The Purpose of the Tax Code00:01:19 Incentives for Business Owners00:02:30 Incentives for Investors00:03:05 Incentives for Real Estate Investors00:05:29 Current Tax Law Proposals00:06:44 The Importance of Timing in Tax Planning00:09:21 Understanding and Preparing for Changes to the 1031 Exchange00:11:08 Q&A on Specific Tax SituationsWant me to answer your questions live? Come to my next Ask Me Anything Q&A:► https://taxstrategy365.com/pod-amaLet's connect!► Instagram: https://www.instagram.com/ryanbakkecpa/► LinkedIn: https://www.linkedin.com/in/learnlikeacpa/► Twitter: https://x.com/RyanBakkeCPA► Facebook: https://www.facebook.com/ryanbakkecpa► TikTok: https://www.tiktok.com/@ryanbakkecpa*None of this is meant to be specific investment advice, it's for entertainment purposes only.