How to Pay $0 in taxes... But Why You Probably Shouldn't...

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Manage episode 280414514 series 118011
By Mike Andes. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Today I talk about taxes and how you can pay less, but why it's probably not the best idea. Here are a few of the topics we cover:

1) You might not want to kick the can down the road (pay taxes in 2021)

2) Delay purchases if this was your first year & you have losses

3) Section 179, only if you are growing fast

4) IRA, 401K, SEP IRA (April 15th deadline for IRA contributions)

5) AGI (Adjusted Gross Income) if you plan on getting a loan or real estate in the next year

Watch on Youtube:https://youtu.be/xIF98umVqbw

379 episodes