taxcode

With 2023 ending in just a few weeks, David has a few things to consider regarding taxes.

Mutual fund gain distributions, tax penalties, lost harvesting, wash sale rules and phantom gains are all touched on in the podcast.

Take the time to listen and take necessary action before the end of 2023!

https://www.cfci.us/2025-the-final-drive

Join us in this episode as we explore the world of Opportunity Zones. Landon Johnson, of CapZone Analytics, joins Karen Rands to dive into the latest IRS regulation changes impacting Qualified Opportunity Zone Funds (QOZFs) and unravel the complexities surrounding compliance. Whether you're new to this concept or already involved as a fund participant, investor, or fund manager and developer, compliance is where the rubber meets the road to ensure you maximize the benefits of investing in Qualified Opportunity Zone Funds. 

Karen kicks of the discussion with a brief history behind the bipartisan effort in Congress to be a catalyst for change by providing strong financial incentives for investors to seek investment opportunities in underserved rural and urban communities. The impact and benefit has been siezmic. Since it's passage as part of the Tax Code changes in 2017, there are more than 8,768 designated Qualified Opportunity Zones in the 50 states, and five U.S. territories, including American Samoa, Guam, Northern Mariana Islands, Puerto Rico, and the Virgin Islands. Total QOZF equity investments had reached $48 billion by the end of 2020, with 48% of those communities benefiting from projects and investments underway, according to the Economic Innovation Institute, compared to the 18 years it took for the SBA backed Venture Capital program, New Market Tax Credits, to reach the same level.  The economic ripple effect of QOZF felt beyond the targeted areas is clearly evident as well, because the projects are more than affordable housing, they also involve the building of commerce centers, manufacturing and distribution facilities, and modernization and expansion of aging businesses.  

Landon sheds light on the nuances of the Opportunity Zone Fund tax codes, including deferral and reduction of capital gains, tax offsets based on investment length, and the differences between real estate development and operating business acquisitions. He shares valuable insight on what red flags to watch out for, and offers a solution to ensure you reap the rewards without facing hefty penalties. 

Join Karen and Landon as they explore the transformative impact of Opportunity Zones and how to navigate compliance effectively. 

Key Takeaways:

1. Identify compliance issues early to protect your investment and avoid legal and financial penalties.
2. Prioritize investment-grade due diligence and compliance when raising funds to mitigate future risks.
3. CapZone Analytics offers a groundbreaking platform that analyzes OZ compliance data, identifies gaps and risks, and establishes a solid compliance posture.
4. Stay informed about proposed legislation and potential extensions to the Opportunity Zone program, as they can significantly impact your investment strategy.
5. Gain a competitive edge by understanding the shifting landscape of tax codes and implementing intelligent compliance strategies.

Guest: Landon Johnson, Chief Marketing Officer at CapZone Analytics, brings extensive experience in optimizing marketing, sales, and go-to-market operations for hypergrowth technology companies. As a passionate change agent focused on driving innovative business strategies and process improvements from ideation to implementation, Landon has served as a leader, consultant, and advisor to over 100 companies throughout his 25 year career. His experience navigating IRS regulations and compliance for QOZFs makes him a valuable resource for investors seeking to unlock the full potential of Opportunity Zones.

For more information, visit CapZone Analytics at capzoneanalytics.com and connect with Landon Johnson on LinkedIn (linkedin.com/in/landonjohnson) and Twitter (@landonkj).

Watch on Youtube: https://youtu.be/Y_jtgHE54Lo

Karen Rands is the leader of the Compassionate Capitalist Movement™ and author of the best selling investment primer: Inside Secrets to Angel Investing: Step-by-Step Strategies to Leverage Private Equity Investment for Passive Wealth Creation.  She is an authority on creating wealth through investing and building successful businesses that can scale and exit rich.  Karen is an enthusiastic speaker on these topics for corporations, economic development groups, angel investor networks, and professional  business networks.   About Karen https://www.karenrands.co/about-karen-rands/

Visit http://Kugarand.com and click on the Services tab, to learn more about the Compassionate Capitalist Wealth Maximizer System™.  Read about the Due Diligence Services, Investor Relations, Capital Strategies, Capital Access, and Capital Readiness Coaching serviced offered by her firm, Kugarand Capital Holdings. 

The Compassionate Capitalist Show™ is a Podcast on YouTube.  Please visit and subscribe and share.  It is great to watch Karen and her guests live, in action.  The whole library of podcasts and interviews since 2020 can be found there by category or chronological. https://bit.ly/CCSyoutubepod 

Imagine the feeling of investing in a way that had massive impact and a potential pay you back 10x your money. The time is now to find out if Angel Investing / CrowdFunding Investing is the wealth creation strategy for you.  Hear why the most wealthy people invest in entrepreneurs, and you have been told it is riskier than real estate and stocks.  Sign up for the FREE Compassionate Capitalist Wealth Mastery Challenge Power Week. 

http://dothedeal.org

The tax code is so complicated that even doctors–some of the smartest people on the planet–struggle to make sense of it all. And the one person who is supposed to help, your tax preparer, doesn’t seem to care. Join Ben and Nate as they break down the three “tax things” most physicians want and discuss why the average tax preparer won’t give you the one thing you really need: a solid strategy to actually reduce your tax bill

GET MORE FROM PHYSICIAN FAMILY

Catch all the great stuff we didn’t mention in the show! Subscribe to our newsletter.

Stop missing out on the tax breaks you deserve. Get The Overtaxed Doctor’s Guide to Retirement.

Get on track for college in less time than it takes to change an explosive diaper.

Download The DIY Doctor’s College Plan Workbook.

You’ll find it all at https://physicianfamily.com/go.

IN THIS EPISODE

• [2:27] How can physicians be more comfortable with their taxes?
• [5:41] Why aren’t doctors treated fairly with the tax code? 
• [6:49] How can this be less complicated, and how can physicians feel good about their actions?
• [8:51] What is tax preparation? 
• [10:33] How much tax am I going to owe, and how to avoid a tax penalty? 
• [13:05] Why is your CPA or tax preparer not doing tax strategy? 
• [19:17] Who should you work with to create a tax strategy?     

NOTICE

Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

We are back with a continuation of our last episode on financial changes resulting from the SECURE Act 2.0. Where the last episode revolved around predominately Roth IRAs, this episode we’ll get into more contribution- and withdrawal-based topics that will be especially important for late-stage ER docs. 

Retirement planning is like a math equation with many problems to solve for: the age, amount, tax bracket, account type and performance of when you not only put money in, but when you pull money out all materially matter when it comes to your retirement. And these rules are the framework that sets the stage for how your money can look tomorrow, or years down the road.

When tax laws change and new things are passed in Congress, it’s helpful to have an understanding of how those changes affect you and your finances. Fellow CPA and industry legend Jeff Levine joins the show today to share his wealth of knowledge on taxes and discuss how the Inflation Reduction Act may—or may not—affect taxes. Tune in to hear his analysis of the law changes, what’s going on with the enforcement of tax laws, and more. 

Apply for our 2022-2023 Mastermind NOW at BulletproofMastermind.com! Applications will close 6/3 at 6 PM CT!!

Bulletproof Dental Practice Podcast Episode 247

Hosts: Dr. Peter Boulden & Dr. Craig Spodak

Key Takeaways:
Introduction
Tax Code Section 1031
Yield Curve And Interest Rates
Value Of Your Practice
Form A Strategy

References:

Bulletproof Summit www.bulletproofsummit.com

Mighty Networks: Bulletproof Dental Practice

Tweetables:

Dentistry and SMP are fairly correlated. Dr. Craig Spodak 

Calibrate where you are. Dr. Peter Boulden

Your biggest disrupter of sleep is your phone. Dr. Peter Boulden

What is the most sacred Tax Code the IRS has?

You might be surprised!

How can you take advantage of this misunderstood tax free product and maximize your tax free life?

https://www.cfci.us/2025-the-final-drive

To this day, Emergency Medicine is one of the newest major specialties we have. As a result, we see rapid change happening, especially relative to other specialties. What were things like in the early stages of EM?

In this episode, we’ll take a dive into that history. From wages to hours, to responsibilities and flexibility – we’ll try to answer the question: Were the good old days really better?

There’s a fine line in the tax code that oftentimes requires some finessing. Some ER Docs aren’t taking any deductions, some taking a few obvious ones, and others are taking everything and the kitchen sink. Rarely do we find EP’s hitting that sweet spot on their own.

In today’s holiday-themed episode, we will introduce to you a mythical figure that can help you find that sweet spot. We’ll also get into some hilarious real-life “can I deduct that” examples we’ve heard over the years. Should be a fun one!

You aren’t going to want to miss this! Changes are afoot when it comes to our tax code. And very few of the major taxing areas go untouched by Biden’s proposal. We’re talking tax brackets, capital gains, the S Corp vs C Corp decision, and even the beloved backdoor Roth conversion. Ironically, ER Docs are right on the fence of these modifications being beneficial… or detrimental.

So in this episode, we provide a high-level overview of all the talking points you should be aware of.

DISCLAIMER: I am not a CPA or tax advisor. Nothing in this episode should be considered tax advice. Consult a tax advisor before making decisions that involve your taxes. 

This week we continue on The 6 Steps to Starting Your Personal Financial Planning. Our tax dollars do a lot of things for us, but nobody wants to pay more than their fair share. We dive into ways to help you potentially lower your current tax bill as well as future tax liabilities. 

Questions? Email me: Mike@ngpfp.com 

Learn what you need to know since the income tax deadline shifted.

Some taxes changed and other taxes are still due. Learn what you need to know.

The article is here.

Are you investing well for financial freedom...or not?

Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest, makes a huge difference to your financial future and lifestyle.

If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 2% or 10% on your money over 30 years, is the difference between it growing to $181,136 or $1,744,940, an increase of over $1.5 million dollars.

Your compounding rate, and how well you invest, matters! 

INTERESTED IN THE BE WEALTHY & SMART VIP EXPERIENCE?

-Asset allocation model with ticker symbols and % to invest

-Monthly investing webinars with Linda

-Private Facebook group with daily insights

-Weekly stock market commentary email

-Lifetime access

-US and foreign investors, no minimum $ amount required

Extending the holiday offer, enjoy a 50% savings on the VIP Experience. More information is here or have a complimentary consultation with Linda to answer your questions. For an appointment to talk, click here.

PLEASE REVIEW THE SHOW ON ITUNES

If you enjoyed this episode, please subscribe and leave a review. I love hearing from you! I so appreciate it!

SUBSCRIBE TO BE WEALTHY & SMART

Click Here to Subscribe Via iTunes

Click Here to Subscribe Via Stitcher on an Android Device

Click Here to Subscribe Via RSS Feed

WEALTH HEIRESS TV

Please subscribe to Wealth Heiress TV YouTube channel (it’s not just for women, it’s for men too!), here.

PLEASE LEAVE A BOOK REVIEW

Leave a book review on Amazon here.

Get my book, “You’re Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!”

Men love it too! After all, you are Wealth Heirs. :)

Available for purchase on Amazon.

International buyers (if you live outside of the US) get my book here.

WANT MORE FROM LINDA?

Check out her programs.

Join her on Instagram.

WEALTH LIBRARY OF PODCASTS

Listen to the full wealth library of podcasts from the beginning. Use the search bar in the upper right corner of the page to search topics.

TODAY'S SPONSOR

I want to take a few seconds to tell you about how I “read” more books and stay ahead of the curve. It’s by not reading books, but instead listening to them – like you are right now! With Audible, there are over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player and…your first audiobook is FREE!

I suggest you get the audio book of Think and Grow Rich, or you can check out my website Resources page where I list all of my favorite financial books and you see exactly what books I have read and recommend you read. Then get started with Audible by visiting https://lindapjones.com/FreeBook and order your first audio book free! Get Think and Grow Rich or another book from my recommend list, and be sure to get started checking off the books you want to read with your free book from Audible!

Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America’s Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom. 

(Some links are affiliate links. There is no additional cost to you.)

With 2020 shaping up to be an unprecedented year of challenges, this episode of 𝙔𝙤𝙪𝙧 𝙈𝙤𝙣𝙚𝙮 𝙈𝙤𝙢𝙚𝙣𝙩𝙪𝙢 finds host Tom Kennedy and his guest, Ben Murphy from Global Wealth Advisors breaking down recent changes to the tax code, current COVID-19 changes, and tax strategies you can apply in the future. You can also visit our blog for a look at tax strategies you can take advantage of in the coming year.