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How To Use Charities To Avoid Taxes Like The Super Rich

Sherman - My CPA Coach 20 views

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This is the perfect expiation on private foundation for me, thank you
Comment from : @coloradobrad6779

This brother is amazing! Wow… Please make more videos like this on charity
Comment from : @tbnewhomes

Great and informative video, however I believe you missed the part that your investments in the CRT legally need to be diversified enough to keep the IRS happy You can't for example invest all of the funds into one risky meme coin otherwise you'll get into a lot of trouble :/
Comment from : @ilovekitteys

What a great video! 🤔brThank you! 💚✨
Comment from : @scorpiotigerstarot

Can I place my current income like Retirement from military, Disability form military and SSA in to my (CRT) or (CRUT)
Comment from : @clarenceestovallsr9759

I thought the tone was ironic and a criticism of the rich at first and how charities are a scambrbrWhat a twist It wasn't ironic at all :D
Comment from : @FreakStyler

That was cool
Comment from : @Emman_18

yes and it is why they call themselves philanthropic instead of tax evaders
Comment from : @linanicolia1363

Great video! Love it
Comment from : @Dupreen

Thanks for the info But what I dont get from reading up on this is why its framed like the rich are saving more money by donating Im pretty sure they just get taxed less depending on the donation so theyre still losing more money by donating just less with the tax write offs kinda like a donation discount right?
Comment from : @FireHydrantForeheadNyquil

More details please Make another video
Comment from : @tigereyes3583

Helps if you own the charity, based in Hawaii, expensed as a corporate officer, hold and expense fundraisers in Hawaii, on your own estate, to special invites only, and used as a write off aka Oprah
Comment from : @stephtraveler7378

What is 'line for line itemization'?
Comment from : @thintalk5280

Powerful content sir! Thank you!
Comment from : @workitladypodcast

Can I hire you to do this for me
Comment from : @marcusderinger8892

Hi! We are a small 501c3 nonprofit called Cibus Mission, and if you are looking to donate land / property that is no use to you, or any other commodity or you would like to donate the 5 each year! We are on Candid, Benevity, DAF and if you'd like to donate to our charity, we'd love to talk with you and discuss! Please consider our small but mighty organization! Thank you so much for reading!
Comment from : @CibusMission

I think you need a new calculator At the 5:42 mark, you started explaining how you could dontate $50k (cost basis) to save $92k in taxes My calculator says you're donating $250k (market value) to save $92k Now, explain how that would be a smart business decision?
Comment from : @steveking8548

PREACH!
Comment from : @TheRealBlackula

is it the charible contribition limit to 30 of AGI? if you contribution 100K to a charity foundation, does it mean you AGI is $333K?
Comment from : @carrie4579

Better they give the money to charity than the corrupt government They earned it and they're giving a lot to people that really need it Instead of corrupt politicians More power to them!
Comment from : @guitarandmore69

Doesn’t make any sense When you donate 100$ stock you donate 100$ Because you can sell it for 100$ No matter how much you paid when you purchase them …
Comment from : @David-b2x4r

This man is putting us on game
Comment from : @BugRaiser

Finally I can stop paying taxes thank you, you truly are a hero
Comment from : @patricklucas7713

You need to mention that family does not mean just any relative It means a spouse or your own biological child And I find it ironic Gates is concerned about donations helping him save on taxes with his level of wealth
Comment from : @AutumnGold0706