28 min

S3, Episode 9- Craig Cody- 3 Awesome Tax Deductions I Didn‘t Know The Freedom Formula for Physicians | How Doctors Cut Debt & Slash Taxes | Business Of Medicine | Financial Education

    • Investing

Have you been wondering- how the heck can I pay less in taxes?
If you have been grappling with this question or if you are simply curious about taxes, you are going to love our next guest.
Our next guest’s expertise lies in the area of tax planning. His goal is to make sure doctors like you across the United States are paying the least amount of income tax they can legally pay.
He is a Certified Tax Coach, CPA, Business Owner, and Former New York City Police Officer with 17 years of experience on the Force
As a Certified Tax Coach, he belongs to a select group of tax practitioners throughout the country who undergo extensive training and continued education on various tax planning techniques and strategies to become, as well as remain, certified. With this organization, he has co-authored an Amazon bestseller book, Secrets of a Tax-Free Life.
As a matter of fact, I ran across him because he was recommended by a listener of the podcast.
I know we’re going to learn a ton today.
Please help me welcome Craig Cody.

In this podcast, you will...
Learn what the difference is between a tax planner and a tax preparer
Discover what to expect with proactive tax planning
How hiring your spouse can avoid 1099 & W-2 income (Hint: This is NOT an HSA & is not available to some companies)
Learn what qualifies for this incredible tax deduction and what is 'reasonable'
How Craig hired his kids to get a tax deduction for their tuition & what you shouldn't do (but you can still avoid FICA taxes)
Discover a very creative tax deduction that involves a pool (Yes, the one you swim in!)
Learn where to draw a red line on a 'hobby' business
Discover why electing late may be a good idea. Find out how.
How gifting & leasing can be an amazing tax deduction



Resources Mentioned In This Podcast:
Craig's Profile On LinkedIn
 
For all the show notes, and more, check out the podcast website at www.doctorfreedompodcast.com
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Investment advice is only offered in jurisdictions where Centurion Financial Strategies, LLC (“Centurion”) is appropriately registered or exempt from registration. Our Form ADV Part 2 brochure can be obtained free of charge at https://adviserinfo.sec.gov by searching for our firm by name or its unique CRD number (316454). This podcast is not a solicitation to provide advisory services in any jurisdiction in which we are not appropriately registered or excluded from registration.
The information, statements, and opinions contained in this podcast have been obtained from or are based upon information obtained from sources which we believe to be reliable, but we do not warrant or guarantee the timeliness or accuracy of any such information. This podcast is intended for informational purposes only and should not be construed as personalized investment, tax, or legal advice. Opinions expressed by any guest are their own opinions and do not necessarily reflect the firm’s views. You should carefully consider your unique financial circumstances and needs prior to making any investment in securities or purchasing any insurance products. Past performance is not indicative of future results. Investing in securities involves the risk of loss.
Insurance products are backed by the financial strength and claims-paying ability of the issuing insurance company and may be subject to restrictions, limitations, and early withdrawal fees which vary by issuer. You should consider the charges, risks, expenses, and investment objectives of any insurance products before entering a contract.

Have you been wondering- how the heck can I pay less in taxes?
If you have been grappling with this question or if you are simply curious about taxes, you are going to love our next guest.
Our next guest’s expertise lies in the area of tax planning. His goal is to make sure doctors like you across the United States are paying the least amount of income tax they can legally pay.
He is a Certified Tax Coach, CPA, Business Owner, and Former New York City Police Officer with 17 years of experience on the Force
As a Certified Tax Coach, he belongs to a select group of tax practitioners throughout the country who undergo extensive training and continued education on various tax planning techniques and strategies to become, as well as remain, certified. With this organization, he has co-authored an Amazon bestseller book, Secrets of a Tax-Free Life.
As a matter of fact, I ran across him because he was recommended by a listener of the podcast.
I know we’re going to learn a ton today.
Please help me welcome Craig Cody.

In this podcast, you will...
Learn what the difference is between a tax planner and a tax preparer
Discover what to expect with proactive tax planning
How hiring your spouse can avoid 1099 & W-2 income (Hint: This is NOT an HSA & is not available to some companies)
Learn what qualifies for this incredible tax deduction and what is 'reasonable'
How Craig hired his kids to get a tax deduction for their tuition & what you shouldn't do (but you can still avoid FICA taxes)
Discover a very creative tax deduction that involves a pool (Yes, the one you swim in!)
Learn where to draw a red line on a 'hobby' business
Discover why electing late may be a good idea. Find out how.
How gifting & leasing can be an amazing tax deduction



Resources Mentioned In This Podcast:
Craig's Profile On LinkedIn
 
For all the show notes, and more, check out the podcast website at www.doctorfreedompodcast.com
----more----
----more----
----more----
Investment advice is only offered in jurisdictions where Centurion Financial Strategies, LLC (“Centurion”) is appropriately registered or exempt from registration. Our Form ADV Part 2 brochure can be obtained free of charge at https://adviserinfo.sec.gov by searching for our firm by name or its unique CRD number (316454). This podcast is not a solicitation to provide advisory services in any jurisdiction in which we are not appropriately registered or excluded from registration.
The information, statements, and opinions contained in this podcast have been obtained from or are based upon information obtained from sources which we believe to be reliable, but we do not warrant or guarantee the timeliness or accuracy of any such information. This podcast is intended for informational purposes only and should not be construed as personalized investment, tax, or legal advice. Opinions expressed by any guest are their own opinions and do not necessarily reflect the firm’s views. You should carefully consider your unique financial circumstances and needs prior to making any investment in securities or purchasing any insurance products. Past performance is not indicative of future results. Investing in securities involves the risk of loss.
Insurance products are backed by the financial strength and claims-paying ability of the issuing insurance company and may be subject to restrictions, limitations, and early withdrawal fees which vary by issuer. You should consider the charges, risks, expenses, and investment objectives of any insurance products before entering a contract.

28 min