2023 Tax Strategies for a Recession: Achieving Real Estate Professional Status for Investors and Business Owners
Date: January 24, 2023
Time: 10 a.m PST / 1 p.m EST
Presenter: Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor
2023 Tax Strategies for a Recession: Achieving Real Estate Professional Status for Investors and Business Owners
Date: January 24, 2023
Time: 10 a.m PST / 1 p.m EST
Presenter: Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor
Recession fears are spreading. Are they warranted? A recent Bloomberg study indicates that over 70% of economists expect a downturn this year. It is not up to us whether they are right on the timing or whether it will happen. But what we can do is help you prepare for the potential downturn. It’s important to stop overpaying the IRS.
One way to do this is by achieving Real Estate Professional (REP) status, which can minimize your tax burden and improve your cash flow. This webinar will provide an in-depth look at the requirements and benefits of achieving REP status and strategies for meeting those requirements.
Don’t believe us? Here are some statistics:
Business owners and investors who achieve REPS status can reduce their tax bill from 45% to 15% or even lower. Imagine what you could do with an extra 30% in your pocket.
During this webinar, you will learn:
- How to achieve REPS status to take advantage of the tax savings opportunities available to real estate professionals
- How to sell your primary home to your corporation and save on taxes
- How to deduct passive losses (PALS) and increase your deductions
- Real Estate Professional Status for Employed Investors (REPS): REPS’ Tax Court Case
- How to conduct a cost segregation study to maximize your deductions
- How to combine 1031 and Sec 121 Exchange for even greater tax savings
- How to exchange real estate for an oil well and diversify your investments
- The benefits of acquiring a primary home with family members or friends and the tax savings opportunities that come with it.
Who should attend?
- Business owners with rental properties
- High net-worth individuals with rental properties
- Real Estate Developers
- Real Estate Syndicators
- Real Estate Agents
- Oil and Gas Syndicators
- Real Estate Managers
- High Tech Professionals
- Taxpayers who want to reduce their tax bill
By the end of this webinar, you will have the knowledge and tools necessary to achieve REPS status, maximize your profits, and minimize your taxes in 2023.
Seats are limited, and this webinar is expected to fill up quickly.
See you soon!
2023 Tax Strategies for a Recession: Achieving Real Estate Professional Status for Investors and Business Owners
Let Palma Be Your Tax Partner and CFO You Need!
As a Certified Public Accountant (CPA), Personal Financial Specialist (PFS), and a Chartered Global Management Accountant (CGMA), I have the experience and knowledge to save as much money as possible from the government.
In my time with my business, I have helped my clients, just like you, minimize their taxes and look forward to a clear, focused, and well-planned financial future.
Using my decades of experience with the US tax system, I have identified ten significant mistakes filers make when doing their taxes on their own or even with other CPAs or financial professionals. These mistakes can be easily avoided or fixed, and the guide that I have created can help you navigate common pitfalls.
Our team can help you implement over 60 court-proven strategies to cut your taxes.
