Saving taxes while you drive is easy and fun with Brian Dooley, CPA, MBT’s Tax Talk Show. Now, also on iTunes on this link.
Join the more than 40,000 well-informed listeners. If you would like to brainstorm your tax planning, then please call me, Brian Dooley CPA, at 949-939-3414 for a free one-hour consultation.
This page has our most popular shows including our show on the IRS Big Brother Supercomputer.
Going to be stuck in traffic? Then download the free mp3 file. Here is the link to our iTunes page.
Protecting yourself from the IRS’s Big Brother Supercomputer and Protect Yourself from Identity Theft.
Yes, Big Brother is at the IRS. Yet, saving taxes and reducing your audit risk is now easier than ever by gaming the IRS Super Robot. Learn how in this episode of Tax Talk. There are ways to make your tax return invisible to the new IRS supercomputer and the IRS Robot- auditor.
The IRS Robot is farming E-Bay, LinkedIn, and Facebook, Yelp and all social media, your internet searches and in some cases your emails. It has access to every social media posting going back to 2008. Deleting your posts does not make them go away.
This supercomputer can read all 200 million e-Filed returns in just ten hours. The IRS has bragged that their computer can make DNA blueprint of each of our behavior. In this episode you will learn how and what to do and not to do.
“Want to Save Taxes? Okay then. Print your Private Money.
Recent IRS rules provide a long term ( a very long term) tax deferral on Private Money Profits. Related party Private Money is used by the Wealthy to save U.S. taxes and avoid state taxes. With these two episodes of Tax Talk, you will gain immediate knowledge of sophisticated tax planning.
Listen to Part II below
Saving Taxes by being your Own Tax Lobbyist.
Our Congress does nothing, and it does nothing very well. When it comes to tax law, Congress gives the IRS an outline and orders them to write a few hundred pages of regulations for each law.
These regulations become the real law. Often tax loopholes are put into the regulations by people like me. This episode of Tax Talk will tell you how to be your tax lobbyist.
In the early 1980′s, I attended my first IRS hearing. They did exactly what I asked. Ten hearings later, and they continue to grant my every wish. And they will do the same for you.
The magic is the boss of the IRS, the Department of Treasury. The boss knows that small business creates 70% of all jobs. Thus, the IRS has been told to help small business owners and their advisers.
Would you like to have the IRS write the tax laws that you want? Of course, you do and you can, and you can do it for free.
Great Tax Savings with a Related Corporation
Great Tax Savings are not about deduction. The Wealthy know how to manipulate the tax law in ways that the Congressional never envisioned
And why not. The one million pages of tax laws have created thousands of innovative tax plans. Each tax reform just creates more opportunity to create wealth via the tax laws.
In this episode, Brian Dooley, CPA, MBT provides a few of the tried and true trade secrets that have been used for more than half a century.
For example, when a taxpayer wants to sell his or her principal residence, and that taxpayer is also the sole owner of a C or S corporation, selling the residence to the corporation offer three benefits.
(1) Cash may be taken out of the corporation tax-free instead of as – dividends. This is because the gain on the sale of a principal residence is excluded from income in an amount not to exceed $250,000 and $500,000 for a joint return.
(2) Assuming the corporation turns around and rents the residence, the corporation has a “cost basis” equal to the appreciated value of the house and, thus, larger depreciation expense than the taxpayer would have had if he or she held on to the house and rented it.
If the corporation is an S corporation, larger depreciation expenses are deducted by the shareholder allowing them to shelter rental income.
And there is more… listen to learn The shows last about 13 minutes.
Treasury Department Leads the Way in Protecting Assets with a Foreign Trust.
Once only for the Wealthy. Now, with new Treasury Department rules, foreign trusts not only save taxes; they also protect assets.
At the end of last century, the Department of the Treasury led the way in making foreign trust popular. This may seem ironic given the Swiss bank account investigations. But, now, the Treasury Department allows the foreign trust tax status for domestic trusts.
For example, a trust in Nevada is a domestic trust for family law and can be a foreign trust for income taxes purposes. Simply inserting a “flee clause” and make any trust a foreign trust .
Saving taxes by winning the IRS Economic Substance and Profit Motive Tests.
Creating wealth requires tax planning that looks down the road at new trends. After the KPMG tax shelters, Congress passed a new law to codify the existing court case law. For any tax plan to succeed, the plan must have economic substance and a profit motive (also known as a “business purpose”).
But there is a problem. These concepts are subjective based upon appearance. This Tax Talk will teach you how to win with the IRS.
Learn more on Blog Talk radio Play time is about 11 minutes.
Nat King Cole not only saved income taxes with his foreign trusts, he saved estate taxes and protected his assets. Hear the untold story by clicking below.
The shows last about 15 minutes.
Saving State Taxes with the Nevada Cloud Computer
Saving taxes and protecting your assets is easier than ever. The low cost of a cloud computer system allows small business to shift its income to Nevada.
Learn how your business can have its own Groupon type coupon campaign. Besides making lots of money, you will also save taxes and protect your assets. Or follow the tried and true Toy R Us model for your business know how and trade names.
Listen to this episode of Tax Talk either. Play time is about 15 minutes.Need more information, then call me (Brian Dooley, CPA) for a complimentary one hour brain storming consultation, at 949-939-3414.