Small Business Tax Savings Podcast
Business:Entrepreneurship
Send us a Text Message.
Are you maximizing your real estate investment potential through tax-deferred strategies?
Mike Jesowshek and Michael Scherer delve into the intricacies of 1031 exchanges. They explain its purpose, benefits, and the critical role of proper planning and advice from tax advisors. They emphasize the necessity of involving a qualified intermediary and the potential financial advantages, including tax deferral and strategic reinvestment, to maximize wealth building in real estate investment.
[00:00 - 04:52] 1031 Exchanges and its Planning and Prerequisites
[04:53 -12:22] 1031 Exchange Process, Timelines, and Exploring Replacement Property Options
[12:22 - 16:22] Liquidity and Investment Goals in 1031 Exchanges
[16:22 - 20:04] Final Steps and the Role of RCX Capital Group in 1031 Exchange
[20:05 - 24:23] Common Mistakes and Wrap-Up
Direct Quotes:
"1031 exchange is an exceptional tool for wealth building, but something that you need to plan around." - Michael Scherer
"Proper planning is essential. Talk through your options, understand your goals and objectives." - Michael Scherer
"One of the most amazing wealth-building tools is section 1031." - Michael Scherer
Connect with Michael!
LinkedIn: https://www.linkedin.com/in/michael-scherer-caia-8147504/
Email: levi.smith@rcxcapitalgroup.com
______
Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings Podcast
Join TaxElm: https://taxelm.com/
IncSight Packages (Full-Service): https://incsight.net/pricing/
Book an Initial Consultation (IncSight): https://app.simplymeet.me/o/incsight/sale
-------
Podcast Website: https://www.TaxSavingsPodcast.com
Facebook Group: https://www.facebook.com/groups/taxsavings/
YouTube: https://www.youtube.com
Tax Savings for Real Estate Investors (w/ Special Guest Paul Moore)
Sole Props and Partners Mistakenly Paying Themselves Illegal W2 Wages
Hiring Your Children in Your Business
Mortgages for the Self Employed (w/ Special Guest Bill Moeller)
Looking Ahead to 2019 Taxes
Xerocon and Free Bookkeeping Training Program
Turning a Side Hustle Into a Business (w/ Special Guest Eric Rosenberg)
Time Tracking for Employees and Job Costing (TSheets)
Payroll in the Modern Day (Gusto)
Business Credit and Alternative Funding (w/ Special Guest Kimberly Massey)
SIMPLE IRA and 401(k)
SEP IRA and Solo 401(k)
Passive Investing Using Real Estate (w/ Special Guest Lane Kawaoka)
Traditional and Roth IRA Overview
Fulfillment in Giving Back
4 Things You Can Do Now to Avoid Accounting and Tax Stress
Last Minute Tax Filing Tips
Small Business Accounting and Tax Secrets
Filing a Tax Extension
Paying for Your Tax Bill
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
Make Me Smart
Tax Chats
WSJ Your Money Briefing
NerdWallet’s Smart Money Podcast
The Indicator from Planet Money