What are Tax Shelters and Tax Havens?

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  • เผยแพร่เมื่อ 4 ก.ค. 2024
  • Let's dive into tax shelters and tax havens because these are two very important approaches that can help people reduce their tax liability.
    So if you haven’t used a tax shelter or tax haven before, I am going to break down what they are and if you stick to the end, I will give you practical advice on how you can start using them immediately.
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    Timecodes
    Intro Joke (0:00)
    What are Tax Havens? (0:51)
    What are Tax Shelters? (2:05)
    Tax Shelters vs Tax Havens (3:05)
    What are some popular tax havens? (4:00)
    Would you move to save on taxes? (5:49)
    How can you use tax shelters? (6:09)
    Examples of Tax Shelters (7:00)
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    Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

ความคิดเห็น • 33

  • @DaveTalksBusiness
    @DaveTalksBusiness 2 ปีที่แล้ว +1

    5 seconds in and you cracked me up 😂😂
    caught me off guard with not only the jokes but the way you explained tax havens as well. Great job!

    • @elhajjmalikel6266
      @elhajjmalikel6266 6 หลายเดือนก่อน

      I didn't even smile at first, and then I started cracking up at how cheesy it was. I gotta use that joke.

  • @r.e.2699
    @r.e.2699 2 ปีที่แล้ว +3

    Great afternoon, LYFE Accounting family! Good to have the "Dad" jokes back 😆😆😆👍👍👍

    • @LYFEAccounting
      @LYFEAccounting  2 ปีที่แล้ว

      Glad you're appreciating them 😆👍

  • @FinancialFreedomMadeSimple
    @FinancialFreedomMadeSimple 2 ปีที่แล้ว

    Thanks for the info you shared on this vid.

  • @AlishasTestimony
    @AlishasTestimony ปีที่แล้ว

    First time seeing one of your videos and it helped me understand this information so thank you sir. What state is your business located in?

  • @supertaints1710
    @supertaints1710 7 หลายเดือนก่อน

    Just found this channel today. I like! QQ: at 5:00 when discussing tax haven and income earned there. You mentioned "remote" but the company is based in the continental US... what if the remote work is done by a free lancer via their own company based in that same tax haven?

  • @shakadialani95
    @shakadialani95 2 ปีที่แล้ว +1

    I would definitely move to save on taxes! At least for a few years. Living in Puerto Rico doesn’t sound like such a terrible idea :)

  • @tylerhunter4364
    @tylerhunter4364 2 ปีที่แล้ว

    How would this work if you are a forex trader? What's the best for a trader?
    Would moving to the Bahamas but renting a room in the US work ?

  • @miguelzamora7515
    @miguelzamora7515 2 ปีที่แล้ว

    yes

  • @1879gym
    @1879gym 2 หลายเดือนก่อน

    Great clip: yes I would move

  • @equitydirectiveunited
    @equitydirectiveunited 2 ปีที่แล้ว +3

    These opening jokes🤣🤣✅

    • @LYFEAccounting
      @LYFEAccounting  2 ปีที่แล้ว

      I'm glad someone can appreciate it :)

  • @mariasalmeron532
    @mariasalmeron532 ปีที่แล้ว

    If I created an LLC in Puerto Rico to buy an apartment and rent it, how do I pay taxes in PR and file the 1065? I am confused

  • @DitNg516
    @DitNg516 28 วันที่ผ่านมา

    If I make 10% of my total income in the tax shelter state, can I save my other 90% income tax too?

  • @forereels
    @forereels 2 ปีที่แล้ว

    Is Guam (US territory) a tax haven location?

  • @ellenoir5678
    @ellenoir5678 2 ปีที่แล้ว

    Yes grand Cayman or PR

  • @mcxxilive6993
    @mcxxilive6993 2 ปีที่แล้ว +1

    Lol good one 😅🤣 0:01

  • @Al-rn5qy
    @Al-rn5qy 2 ปีที่แล้ว

    Oh I would absolutely move to Puerto Rico to save taxes!

  • @davidd34
    @davidd34 2 ปีที่แล้ว

    You need to move on to the PMA set up. It's a Much Better way to be in biz.

  • @rayfieldg3
    @rayfieldg3 2 ปีที่แล้ว +1

    I miss the animations I’m the videos.. but still great information

    • @LYFEAccounting
      @LYFEAccounting  2 ปีที่แล้ว

      Can you share an example of a video with animations that you enjoyed?

  • @equitydirectiveunited
    @equitydirectiveunited 2 ปีที่แล้ว +2

    We would move to save on taxes! Lol

  • @julajedlikowska7846
    @julajedlikowska7846 2 ปีที่แล้ว

    Could you name all the countries that are tax havens?

  • @equitydirectiveunited
    @equitydirectiveunited 2 ปีที่แล้ว

    Tax haven is Option b!

  • @mambwemulundu5065
    @mambwemulundu5065 2 ปีที่แล้ว

    Hello
    Am kindly asking for help I know this is a wrong platform but am genuinely asking for help am a student studying in India from Africa when covid started things stopped working good for my parents who were paying my fees and things are still bad am in my final year and I don't know what to do because now the finances are hard and needed any help of any kind I will really appreciate if you reach out

  • @wopdiwop00120
    @wopdiwop00120 2 ปีที่แล้ว

    Maybe-I would need the facts

  • @ellenoir5678
    @ellenoir5678 2 ปีที่แล้ว

    💰💸💸💸💸💸

  • @Marie-rx3yr
    @Marie-rx3yr 2 ปีที่แล้ว +1

    I would not move to save on taxes.

  • @nnekababy
    @nnekababy ปีที่แล้ว

    😂😂😂non Prophet 🦮