Dec 29, 2022
In this episode, Natalie Kolodij and I discuss Multiple ways to generate Tax-Free Income with real estate.
So if you want to Avoid the most common Real Estate Tax Mistakes, Understand your tax return and what questions to ask your Tax Advisor, and how to save on taxes by employing your children so you can learn Multiple ways to generate Tax-Free Income with real estate, tune in now!
In this episode, you'll discover:
“Avoiding the most common Real Estate Tax Mistakes”
- Numerous Tax benefits of real estate
- Understanding your tax return and what questions to ask your Tax Advisor
- Creating Generational Wealth through Employing your children
- Stop your planning for Tik and IG and learn to dig deeper
Curtis’s motto is that what you learn today and how you position yourself will determine your future financial well-being 5, 10, 20 years from today. To learn more about how to manage your wealth in a practical way, visit www.practicalwealthadvisors.com
Who’s The Guest?
Natalie Kolodij is an IRS Enrolled Agent and Real Estate Tax
Strategist™. She's worked exclusively with real estate investors
since 2017 and cultivates tax strategies for those who are building
wealth through real estate. She started her investing journey by
flipping mobile homes to resell on owner financing and now focuses
on buy and hold.
Links and Resources from this Episode
- www.practicalwealthadvisors.com
- Email Curtis for a free report - curtmay@gmail.com
- Call his office - 610-622-3121
- Coffee Connects with Curtis
- Connect with Natalie Kolodij
- https://www.kolotax.com/
- https://www.youtube.com/channel/UCofp5qyVGbdVcCR3yV0l15A
- https://www.instagram.com/re_tax_strategist/
- https://www.facebook.com/Kolotax/
- https://www.linkedin.com/in/nkolodij
Special Listener Gift
Schedule
a 15-Minute Call with Curtis
Creating
a Mindset that Leads to Lifestyle Liberation
Show Notes
- Who is Natalie Kolodij?
- How she got started in the field
- Benefits of real estate investing
- Why should you hire a tax professional for your business?
- Pros and cons of investing in a 401k
- Different types of real estate investments and their tax implications
- Tax benefits for rental properties
- Things to look out for when hiring a tax professional
- Types of costs that you may encounter when renting out a property
- Cost segregation for real estate renovations
- Different types of real estate tax benefits
- Employing your children
- Benefits of paying your kids to work for your business
- Paying for a salary versus giving an allowance
- Setting up payroll and filing taxes for kids at work
- Income shifting for real estate investors
- Withholding the right amount of taxes
- Understanding your taxes
- Why should you file your taxes early?
- How to reach out to Natalie
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