Unlocking Tax Strategies: Partnering with Uncle Sam to Optimize Your Finances
Description
This podcast episode features a detailed discussion on using government-incentivized investments to reduce tax liabilities, with a focus on affordable housing and real estate. Guest Karlton Dennis explains how business owners and taxpayers can align with government goals to receive tax breaks, and details the importance of investing in assets like real estate and appreciating their tax benefits. The conversation also delves into why people often misunderstand tax strategy and the difference between basic tax preparation and proactive tax planning. Karlton shares personal anecdotes, highlights the role of CPAs versus tax strategists, and provides actionable advice for entrepreneurs and individuals looking to minimize their tax burdens while supporting public services.
00:00 Introduction to Government Investments
00:49 Welcome to the Podcast
01:13 Understanding the IRS and Taxes
02:43 Government Incentives for Real Estate
03:57 California's Tax Landscape
09:32 Tax Strategies and Planning
12:10 Carlton's Personal Tax Journey
14:16 The Importance of Tax Strategy
17:24 Choosing the Right Tax Professional
21:46 Advice for New Entrepreneurs
24:51 Finding Karlton Dennis
25:33 Conclusion and Final Thoughts
Connect with Karlton
Website: https://karltondennis.com/
Instagram: https://www.instagram.com/karltondennis/?hl=en
Facebook: https://www.facebook.com/karltondennistaxstrategy/
LinkedIn: https://www.linkedin.com/in/karlton-dennis
X: https://x.com/karltondennis
YouTube: https://www.youtube.com/channel/UCEc3bAbOtPEUIgpNkViF_PQ
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