ilmscore | Tax Strategy Predictions
Tax

Tax Strategy

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Recent Predictions

Total: 6
Correct: 0
Incorrect: 0
Pending: 6
Unrated: 0
Prediction
Author
Predicted at
Status
Video
A 1031 exchange in real estate allows investors to defer capital gains taxes indefinitely by reinvesting the proceeds into a like-kind property, potentially avoiding taxes altogether if the property is held until death.
"in real estate you can do what's called a 1031 exchange which says you take all $1 million and now i..."
Minority Mindset Minority Mindse...
Jul 14, 2024
Pending
Investing Mistakes T...
To ensure only legally required taxes are paid, hiring a specialist accountant is crucial, particularly when actively engaged in wealth-building activities.
"you want to make sure you're paying what's legally required and not a penny more and you can't do th..."
Minority Mindset Minority Mindse...
Jun 7, 2024
Pending
This IS My Wealth Bu...
Business owners and high-net-worth investors must hire an accountant or tax advisor for tax management.
"if you own a business or you're a high net worth investor you have to there's really no exceptions t..."
Minority Mindset Minority Mindse...
May 10, 2024
Pending
10 HACKS To Get Rich...
A good tax advisor will proactively manage bookkeeping and discuss tax liability and strategic options.
"a good Tax Advisor is going to handle your bookkeeping and then meet with you regularly and tell you..."
Minority Mindset Minority Mindse...
Dec 18, 2023
Pending
Your 2024 Step By St...
By consulting a tax advisor for $200, the speaker avoided paying $40,000 in taxes related to moving a property under a company structure, implying that expert advice can lead to significant cost savings.
"I purchased a property under a company structure and I needed to move it to another company and I re..."
Nischa Nischa
Nov 10, 2022
Pending
How I Will Become a ...
Depreciation is presented as a highly effective method for tax reduction.
"how do I reduce taxes depreciation just go just go get some yourself into some delicious delicious d..."
Investment Joy Investment Joy
Oct 6, 2022
Pending
How Much $$$ Did The...