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There are many legitimate ways to save on taxes, but tax schemes can often appear to be too good to pass up. While some are easy to spot, others are far more subtle, and those are the ones that can get even the most well-intentioned people into trouble.
Everyone wants to save on taxes, but nobody wants to end up on the wrong side of the IRS. So, how do you navigate this tricky landscape?
In today’s episode , Tom and John McFie are joined by Jack Cohen, CPA, an award-winning IRS auditor with 33 years of experience, to shed light on the latest tax schemes. They dive into how to protect yourself from falling for scams and explore a newer, legal strategy that can help save you money on taxes without putting you at risk.
Key Takeaways:
Resource Link: SALT Cap Workarounds Update