Fortune 500 Corporate Executive in Dallas, TX Saves $262,000 in Taxes
Pediatrician in Raleigh, NC Saves $91,000 in Taxes
August 9, 2020
Marketing Consultant in Los Angeles, CA Saves $490,946 in Taxes
August 9, 2020
RESULTS
A 2017 tax deduction of $730,000 from the real estate investment reduced the executive’s tax liability by $262,000, delivering a refund of over $252,000!
BACKGROUND
A corporate executive with W-2 income of $4,000,000. The executive had zero deductions available due to various phase-outs and limitations, was paying over $1,500,000 each year to the government. Current debt payoff was a priority for the client, rather than long term savings and retirement strategies.
PLAN
Based on the client’s preferences, cash flow needs, and budget, we designed their custom tax plan with:
- A $160,000 real estate investment opportunity, when properly administered, generates large annual deductions to off set wage income and is not limited by passive real estate investment rules.
