How to Use the Tax Code Like a Millionaire(Trump’s Tax Cuts, IRS Audits, Bitcoin, Write-Offs & More)

Expert Tax Strategist Karlton Dennis @karltondennis breaks down advanced write-off strategies, IRS audit protection, Trump’s latest tax updates and potential tax cuts, crypto & bitcoin taxes, depreciation, and more! Karlton also reacts to some of the best and worst tax advise on the internet including responding to Jasmine DiLucci's tough criticism of him.

Check out Karlton's channel: @karltondennis

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Chapters

00:00 Intro
00:10 Understanding Tax Preparation vs. Tax Planning
03:03 Tax Cuts and Jobs Act
06:01 Bonus Depreciation and Its Implications
08:17 Evaluating Trump's First 100 Days
16:16 Navigating Deductions and Credits
18:41 The Importance of Tax Strategy
25:36 Difference of Tax Preparation and Tax Planning
27:28 Exploring Tax Credits
28:50 R&D Tax Credits and Their Benefits
35:00 Tax Strategies
37:32 Cryptocurrency Taxation Insights
40:16 Future of Cryptocurrency
43:06 Government Regulation and Cryptocurrency
44:06 Reacting to Viral Tax Videos
51:07 Basic Tax Strategies for Young Investors
56:31 Debate on 401(k) and Tax Deferral Strategies
01:00:03 Responding to Jasmine DiLucci's Strong Reaction to Karlton

DISCLAIMER: https://bttr.ly/aapolicy
*This video is for entertainment purposes only and is not financial or legal advice.

Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.