Résumé du livre
Tom Wheelwright is the founder and CEO of ProVision, the world’s premier Certified Public Accountant firm. He is the leading expert on partnerships and corporate tax strategies, and has created innovative tax, business, and wealth consulting services. Apart from writing several articles for professional journals, he has also contributed to the books The Real Book of Real Estate, Who Took My Money?, and Unfair Advantage.
Taxes, much like life, are inherently inequitable, but strategic planning can turn this reality to your advantage. By stepping into entrepreneurship or investment, you unlock a range of tax-saving opportunities, particularly through deductions and depreciation. Real estate, in particular, offers unparalleled benefits, allowing investors to defer taxes indefinitely through like-kind exchanges and ultimately eliminate them by holding properties until death. Beyond real estate, understanding the tax treatment of various income types—earned, ordinary, investment, gifts, and passive—can help you minimize tax liabilities. The key to success lies in meticulous documentation, leveraging deductions, and securing a creative tax advisor who prioritizes your financial goals. With the right approach, you can navigate the complexities of tax law to build and preserve wealth effectively.
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