Learn about Real Estate & Asset Protection at our next ALL DAY FREE LIVESTREAM 9 AM to 4 PM PT. Our attorneys and specialists answer ALL questions you bring to us at this event we have two times a month. Save Your Seat: aba.link/hed
Hi Toby, can you do a video for teenagers on financial literacy on what to expect in their 20's. Just an idea sir. Thank you, always looking forward to your videos.
Can we take funds from our Non-profit in the form of a loan @ 1% or 2% interest rate and loan it to an entity owned by us? Or would it breach IRS rules for 501c3’s?
Can the charity you set up relate to your profession? For example, a lawyer…can the charity be to assist low budget families in court? Would I be allowed to advertise my law firm on shirts or sweaters while trying to bring attention to the charity?
this is fantastic, why give money to govt who squanders the taxes they get, put it into your own charity and really make a difference. But is there any way to keep anonymity when running a 501c3 ?
A quick question..is it a good idea to defer taxes since the tax rates are the lowest they have ever been? I looked at the tax rate history,back in the 1960’s and 70’s..the tax rates were much higher, the highest tax bracket was around 70% and in the 1940’s the highest tax rate was a whopping 91%..401k was introduced around 1978-1980 in this high tax rate environment, it made total sense to contribute money in a 401k account with a hope that tax rates will go down in the future but since 1986, tax rates took a nose dive, we have been operating in a low tax rate environment ever since..most economists are saying that US has a total of 100 Trillion dollars worth of unfunded liabilities..since the only way for congress to make money to payoff that debt is to raise taxes, is it a smart move to defer taxes? Why save money in a lower tax rate environment only to pay more taxes on that money in a high tqx rate environment?
Learn about Real Estate & Asset Protection at our next ALL DAY FREE LIVESTREAM 9 AM to 4 PM PT. Our attorneys and specialists answer ALL questions you bring to us at this event we have two times a month. Save Your Seat: aba.link/hed
Hi Toby, can you do a video for teenagers on financial literacy on what to expect in their 20's. Just an idea sir. Thank you, always looking forward to your videos.
We will make a note of your suggestion and consider it for a future video 👍
Steve 👋
Toby-as a lawyer who needs an accountant, can I sign up for your services? I love the financial planning you do.
Can we take funds from our Non-profit in the form of a loan @ 1% or 2% interest rate and loan it to an entity owned by us? Or would it breach IRS rules for 501c3’s?
Can the charity you set up relate to your profession? For example, a lawyer…can the charity be to assist low budget families in court? Would I be allowed to advertise my law firm on shirts or sweaters while trying to bring attention to the charity?
this is fantastic, why give money to govt who squanders the taxes they get, put it into your own charity and really make a difference. But is there any way to keep anonymity when running a 501c3 ?
Hi Toby...thanks for your good works. Do you available for paid consultation for high income earners?
We do offer free consolations to incoming clients andersonadvisors.com/ss/
@@TobyMathis how about
Talking to u
Seems a hell of a lot easier to take the tax hit and just invest it. Then only pay capital gains on what you make.
A quick question..is it a good idea to defer taxes since the tax rates are the lowest they have ever been? I looked at the tax rate history,back in the 1960’s and 70’s..the tax rates were much higher, the highest tax bracket was around 70% and in the 1940’s the highest tax rate was a whopping 91%..401k was introduced around 1978-1980 in this high tax rate environment, it made total sense to contribute money in a 401k account with a hope that tax rates will go down in the future but since 1986, tax rates took a nose dive, we have been operating in a low tax rate environment ever since..most economists are saying that US has a total of 100 Trillion dollars worth of unfunded liabilities..since the only way for congress to make money to payoff that debt is to raise taxes, is it a smart move to defer taxes? Why save money in a lower tax rate environment only to pay more taxes on that money in a high tqx rate environment?
This seems like a question we would answer on our podcast Tax Tuesday andersonadvisors.com/tax-tuesdays-questions/
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Contribute 100% of your adjustable gross income to a legitimate charity?
Does a 508 (c) work as well?
Have you ever studied the Statutory definitions of wages, employees, employers and especially "Trade or Business"?
What for? What benefits does it bring?