Mitigating Taxes On Crypto, Business Taxes in Multiple States, and More! Tax Tuesday Ep. 142

How are cryptocurrencies taxed, and what’s the best way to legally, morally, and ethically not pay taxes?
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How do I set up my company in Nevada when I will be conducting business in Texas?

Eliot Thomas, Esq. answers these questions along with Jeff Webb, CPA and more during this episode of Tax Tuesday, a bi-weekly FREE LIVE webinar event.

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5:44 - If you experience a one-time large capital gain from exercising stock options, is it absolutely imperative that you figure out quarterly payments to avoid penalties, and if so, what if you missed April?

9:24 - What is the best way to take advantage of Section 179 for new vehicles over 6000 pounds?

14:53 - How are cryptocurrencies taxed, and what’s the best way to legally, morally, and ethically not pay taxes?

21:19 - I have two LLCs right now -- one holding real estate, the other one being a farming business -- as single-member LLCs that seem to have some tax benefits. My question is: could I move the equipment into another entity and then lease it to a custom operating company, thus creating some additional deductions?

26:12 - I am rolling out of an employer DB plan (where I had employees in the past) and want to set up a solo 401(k). Is there a restriction or 3-year waiting period to do this? My administrator says there is.

30:57 - If I currently have a 12-unit apartment building with a mortgage, and I sell an SFH rental property, can I use the proceeds from the sale of the SFH rental property to pay off the mortgage of the 12-unit apartment building to avoid capital gains tax?

36:00 - What will happen if you opened an LLC with corp. status but you missed the deadline? What should you do?

39:28 - How do you depreciate rental property after one of the owners dies?

45:20 - How do I set up my company in Nevada when I will be conducting business in Texas?

48:51 - Does tax on depreciation recapture, like capital gains, go away when a property is inherited?

51:26 - Do I have to report a home I lived in and sold even though I purchased a new home?


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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

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