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Jan 15, 2020
4:56
:26
pm
cougfanz
Walk-on
Defined benefit plan plus solo 401k can get you 150-200k tax deferred space
If 1099
Not a big deal for the Uber wealthy but for the 600k -1.5m crowd it helps.
This message has been modified
Originally posted on Jan 15, 2020 at 4:56:26pm
Message modified by cougfanz on Jan 15, 2020 at 4:57:13pm
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cougfanz
Previous username
ndfan
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cougfanz
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May 15, 2011
Last login
Apr 29, 2024
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Messages
Author
Time
CPA's, are there any tax avoidance strategies that the rich use to save lots
BYU71
1/15/20 1:39pm
<< Deleted >>
RdF3
1/15/20 1:44pm
Beware, conservation easements are listed transactions. I like sec 280A(g)
hitechcpa
1/15/20 1:56pm
Carried interest loophole?
maizecoug
1/15/20 1:52pm
And getting paid with stock options is another way to convert some ordinary
frontrowcougar
1/15/20 1:54pm
I got stock options offered when Intel offered me a job as a internal
BYU71
1/15/20 1:59pm
That one bugs the heck out of me. It is one the dems and repubs
BYU71
1/15/20 1:57pm
Yes, but if you wealthy and have concentrated and highly appreciated assets, a CRUT can save a lot.
RdF3
1/15/20 2:00pm
Maybe you are on to something. Maybe we should do away with
BYU71
1/15/20 2:04pm
Create a foundation with tax deductible donation, then work for the foundation
frontrowcougar
1/15/20 1:55pm
Can you take as income all the foundation earns. If not it is a charity.
BYU71
1/15/20 2:01pm
Here's an OZ example that an acquaintance of mine is doing
RdF3
1/15/20 2:08pm
Yea, a couple of friends of mine got into one. Sounded pretty
BYU71
1/15/20 2:14pm
Yeah I’m 100% sold on it being a good deal for lower income classes.
SpecialKC
1/15/20 2:23pm
So was it a program with good intentions or another botched
BYU71
1/15/20 2:25pm
I’m no expert but I am working on a deal in an OZ that we’ve funded and working
SpecialKC
1/15/20 2:41pm
Just that is more experience than I have. From talking to the two friends
BYU71
1/15/20 2:49pm
The thing is - truly rich people don't mind paying taxes. (Gates & Buffett)
ClackamasCoug
1/15/20 2:19pm
I don't think they do. They get to set up huge foundations and
BYU71
1/15/20 2:27pm
IMO, the greatest tax avoidance opportunities right now are bonus depreciation,
Incentivize
1/15/20 2:31pm
Interesting when talking about a 1031. Unless the property is eventually passed
BYU71
1/15/20 2:45pm
Defined benefit plan plus solo 401k can get you 150-200k tax deferred space
cougfanz
1/15/20 4:56pm
Properly structured conservation easements.
Archaea
1/15/20 6:05pm
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