The Time I Bought a CPA Firm and Robert Kiyosaki was a Client with Tom Wheelwright

Taxes take away a big chunk of our income. No wonder most people look at it negatively but did you know there are legitimate ways to reduce your tax payments? Today's guest believes that taxation is actually one of the most powerful tools for wealth creation.

In this episode, Joey and Russ interview Tom Wheelwright, an entrepreneur, bestselling author, Rich Dad Advisor® & International Authority on Tax. He is the CEO of WealthAbility, a company that offers a clear and simple guide for reducing taxes to start building your massive passive cash flow. Tom's goal in life is “to make taxes fun, easy and understandable.“

Tune in as Tom shares what he learned from his CPA practice and from Robert Kiyosaki himself.

Top 3 Things You’ll Learn:

How to find a great CPA and Tax Advisor
Examples of legal tax incentives
The importance of keeping good accounting records and proper documentation of all relevant transactions

About Our Guest:

Tom Wheelwright is an entrepreneur, bestselling author, Rich Dad Advisor® & International Authority on Tax. He is the CEO of WealthAbility, a company that offers a clear and simple guide for reducing taxes to start building your massive passive cash flow. Tom's goal in life is “to make taxes fun, easy and understandable.“

Resources:

Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes (Rich Dad Advisors) by Tom Wheelwright, CPA (Chapter 23 is all about How to Find a Great Tax Advisor) - https://www.amazon.com/Tax-Free-Wealth-Permanently-Lowering-Advisors/dp/1937832058

The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make by Tom Wheelwright, CPA - https://winwinwealthstrategy.com/

Connect with Tom Wheelwright:
Website - https://wealthability.com/
The WealthAbility® Podcast - https://wealthability.com/show/

Take Advantage of a Free Financial Strategy Call:
https://go.wealthwithoutwallstreet.com/free-financial-call

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6:08 - In your 30+ years of investing, what deal sticks out to you the most?
9:33 - What advice would you give to entrepreneurs who want to do more than just taxes and be an asset to their clients?
15:03 - What are some examples of how the IRS tries to bully people?
18:22 - Do you feel the tax court will look objectively at those who take advantage of the legal tax incentives?
21:54 - What strategies can clients use to protect themselves from what's happening as a result of IRS actions?
29:28 - How do you vet an accountant? What questions do you ask?
31:52 - What's your take on crypto as a whole?
33:54 - What do you think about cryptocurrency as an investment?

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http://www.wealthwithoutwallstreet.com/podcast/the-time-i-bought-a-cpa-firm-and-robert-kiyosaki-was-a-client-with-tom-wheelwright

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