TaxPlanIQ's Case Study Lab March 2022
Wednesday, March 2nd, 2022
Jackie Meyer and Mike Meilinger goes over 3 different case studies with students of the Tax Masterclass, providing tips and information on the best way to plan the taxes for their client(s).
Wednesday, March 9th, 2022
Strategy: Accountable Plan/Home Office Deduction
Strategy: Cost Segregation
Strategy: Rent Home for Business Gatherings (Augusta Rule)
Strategy: Wages; Hiring Kids
New Case Study:
One Time; Phase I Implementation $5,487
Recurring: Monthly Advisory & Compliance $947
One Time: Monthly Advisory & Compliance - Year 1 ($947/8 months) $7,576
Strategy: Accountable Plan/Home Business Deduction
Strategy: Choice of Entity
Strategy: Choice of Entity
Strategy: Health/Medical Expense Reimbursement Arrangement
Strategy: Maximize Employer Retirement Match
Strategy: Misc. Business Planning Items
Strategy: Pre-Tax Benefit: 401K
Year One ROI: 309%
Year Two ROI: 370%
Wednesday, March 16th, 2022
One Time: Phase I Implementation Fee $6,875
Recurring: Monthly Advisory & Compliance $457
One Time: Monthly Advisory & Compliance - Year 1 ($457/month) $4,113
Strategy: Accountable Plan/Home Office Deduction
Strategy: Choice of Entity
Strategy: College Student Strategies
Strategy: College Student Strategies
Strategy: Roth IRA Contributions
Strategy: SEP Contributions
Strategy: Wages: Hiring Kids
Strategy: Pre-Tax Benefit: 401K
Strategy: Maximize Employer Retirement Match
Strategy: Income Shifting to Lower Tax Rate of Family Member
Year One ROI: 316%
Year Two ROI: 712%
Wednesday, March 23rd, 2022
Strategy: Accountable Plan/Home Office Deduction
Strategy: Cost Segregation
Strategy: Health Savings Account (HSA)
Strategy: Health/Medical Expense Reimbursement
Strategy: Income Shifting to Lower Tax Rate of Family Member
Strategy: Qualified Opportunity Zone Reinvestment
Strategy: Charitable Planning
Strategy: Pre-Tax Benefits: Employer Benefit Package Review
Strategy: Capital Gain Offsets
