How to Pay $0 in taxes... But Why You Probably Shouldn't...
- Author
- Mike Andes
- Published
- Fri 18 Dec 2020
- Episode Link
- https://www.businessbootcamppodcast.com/
Today I talk about taxes and how you can pay less, but why it's probably not the best idea. Here are a few of the topics we cover:
1) You might not want to kick the can down the road (pay taxes in 2021)
2) Delay purchases if this was your first year & you have losses
3) Section 179, only if you are growing fast
4) IRA, 401K, SEP IRA (April 15th deadline for IRA contributions)
5) AGI (Adjusted Gross Income) if you plan on getting a loan or real estate in the next year
Watch on Youtube:https://youtu.be/xIF98umVqbw
