Email Lane@SimplePassiveCashflow.com with a completed PFS to see who is a good fit of you. Complete “before you talk to your CPA” training. Please understand that 95% of CPA’s are the run of mill take the least past of resistance crowd. Perhaps a reason why they still have a day job. Of the good ones or should I say even a good one will not be able to give you full financial planning advice such as how much to pull out of retirement accounts or what deals to go into. Think about it… its unfair for them because 1) They don’t know the deal risk profiles nor the operators, 2) They don’t know your future deployment plans to account for your estimated Adjusted Gross Incomes for the next few years, and 3) they don’t know how much depreciation is going from the plethora of investments you look to go into. This is where I tell my investors that it is your job to understand what you can and cannot do and lead your professionals who JOB is to complete the technical paper work. CPA/Lawyers are Contractors but you need to be or outsource someone to be your Architect. In other words I don’t advocate to working for a good CPA and trusting them to do it… their job is to fill in the right forms but you need to be in control as the owner and not let the consultant dictate the scope of work. In the Passive Investor Accelerator, Mastermind Events, and done for you full service for you as a Family Office client you are empowered to be your own architect and connected directly with the rolodex of able professionals.

Top Asset/Tax sessions:

1. 20.05.25 – Q&A: Wyoming LLC, trusts, corporate veils, rent collections
2. 20.08.17 – Tax Breakout room
3. 19.12.2 – International Bridge Trust
4. 19.05.20 – SPC2.0 – Ask a CPA/Lawyer anything!
5. Toby Mathis CPA/Attorney answering Legal/Tax questions LIVE at the Hawaii Mastermind
6. A talk I gave in the Incubator group on basic Tax and deductions

C-Corps or S-Corps

C corp can reduce tax on the management fees. C corps are taxed at 21% and do not pay SECA/payroll tax on that earned income. Management fees earned through a partnership/LLC or directly would be subject to SECA and taxed at ordinary individual rates up to 36%. The C corp allows certain deductions (e.g., medical expense or anything subject to the AGI limitations for individuals) that are limited when individuals try to take them. You do have double taxation when you take the profits out as dividends (you would try to pay your self salary to make it deductible at the C corp leave). If you do the math, the 21% corporate rate and the 23.8% tax on dividends may be less than earning the same income through a partnership. I think the general approach is to think about putting active income from real estate (like flipping, management fees) in a C corp to take advantage of the 21% C corp rate and deductions.