162: How to Pay Less to the IRS with Amanda Han, CPA | Bigger Pockets Podcast

No one likes paying taxes, so let’s talk about how you can pay FAR less to the IRS! On today’s show, we sit down with real estate investor and CPA Amanda Han, the author of the brand new book The Book on Tax Strategies for the Savvy Real Estate Investors. In this powerful (and fun!) interview, you’ll learn about the biggest tax mistakes investors make when setting up — and running — their real estate business. This interview could literally save you thousands of dollars! Dig in!
In This Episode We Cover:

The new book that will help you save money

Who Amanda Han is and how she became CPA to an investor

Why the Tax Code is a language on its own

The importance of working with a CPA in regard to the Tax Code

The big list of people who screw up their taxes

Getting the right legal entity on the first deal

The two things to ask your CPA

Legitimate tax deductions you should know

Getting deductions from equipment

What you should know about the home office deduction

Other neglected deductions

A discussion on income shifting

Why you need to make sure you keep receipts

How to figure out if an activity is deductible through a CPA

Important retirement strategies

What you should know about self-directed investing

The basics of a 401(k)

The tax deferred and leverage concepts all rolled into one

Tips for getting benefits from depreciation

Entities and mistakes people make with them

How having corporations save on tax

Why you need proactive planning

And SO much more!

Links from the Show

BP Podcast 049: Real Estate Tax Tips, Jokes, and Loopholes With Amanda Han

BP Podcast 011 : The Ultimate Beginner’s Podcast For Real Estate Investors

BiggerPockets Podcast

SenseFinancial

4 Depreciation Tax Mistakes Investors Need to Avoid

BiggerPockets Webinar

BiggerPockets Store

BiggerPockets Forums

Books Mentioned in this Show

The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matthew MacFarland

Rich Dad Poor Dad by Robert Kiyosaki

The 4-Hour Workweek by Timothy Ferriss

Tweetable Topics:

“Within the Tax Code, there are a lot of loopholes.” (Tweet This!)

“As long as you can show that it is necessary for your business, it should be a tax reduction.” (Tweet This!)

“Depreciation is not a choice.” (Tweet This!)

Connect with Amanda

Amanda’s BiggerPockets Profile

Amanda’s Website

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