The Mark Perlberg CPA Podcast

Mark

Real estate, wealth building and tax reduction strategies through the eyes of a CPA and tax strategist.

  1. MAR 19

    EP 140 - Why Tax Savings Alone Won’t Make You Wealthy | Dave Wolcott

    Send us Fan Mail We challenge the idea that cutting taxes is the finish line and lay out a more durable way to build after-tax wealth. Dave Walcott shares how a family office mindset, investor DNA, and systems thinking can help high earners stop chasing shiny objects and start compounding with purpose.  • why tax savings without a plan can increase risk and waste time  • the difference between tax preparers and proactive tax planners  • using an investor DNA framework to match strategies to lifestyle and goals  • comparing active strategies like short-term rentals with passive options like oil and gas  • common mistakes in alternative investments and why an investment policy statement matters  • thinking in after-tax terms, including capital gains, retirement account taxes, and depreciation recapture  • how scenario planning tools can model future tax liabilities and liquidity events  • infinite banking basics, including tax-free growth, policy loans, asset protection, and estate planning angles  • why private credit is often misunderstood and how it can fit into a passive income strategy  Go to Holisticwealthstrategy.com for a free copy of Dave’s book.  Go to taxplanningchecklist.com for an introductory course on foundational to advanced tax planning strategies. Ready to Get started with advanced Tax Planning? Go to Prosperlcpa.com/apply Watch the educational video at https://wwww.contrarianwealthbuilder.com and check out the software at https://www.pantheonwealthos.com

    31 min
  2. MAR 13

    EP 139 - How to Survive an IRS Audit Using the Short-Term Rental Loophole

    Send us Fan Mail We break down why the short-term rental loophole can produce massive tax savings and why the same strategy can collapse in an IRS audit if the paperwork is weak. We walk through what actually triggers scrutiny, what auditors ask for first, and how we document the rules so the losses stay usable. • short-term rental loophole basics under IRC Section 469 and why it changes passive loss limits • seven-day average length of stay and how to prove it with Airbnb or VRBO stay logs • audit triggers we see most often, especially missing or mismatched 1099 income • how the IRS tests deductions, including bank statement tie-outs and reasonable expenses • cost segregation study scrutiny, what can get adjusted, and why it is usually not the main fight • material participation tests that matter: 100 hours plus no one else more, 500 hours, substantially all • why cleaners, property managers, partners, and big properties make the 100-hour test harder • grouping elections for multiple short-term rentals and why long-term rentals cannot be grouped in • how to prove hours, why courts punish vague estimates, and why logs win audits • what hours count, what investor hours do not count, and where the gray areas live • what to do if you lose, including appeals and amending to elect out of cost segregation Go to https://www.prosperlcpa.com/apply for a free conversation and a video from me illustrating what maybe be possible and how much we can save you with advanced tax reduction strategies.  If you want that, just type our log in the comments or just email me and I’ll send that right on over to you.

    34 min
  3. MAR 2

    EP 137 - Finding Your Tax Planning DNA

    Send us Fan Mail Feeling whiplash from “too good to be true” tax ideas? We break down a practical Tax DNA framework that helps high earners sort hype from value by weighing five levers: compliance risk, economic risk, tax ROI, economic ROI, and return on time. With that lens in hand, we compare real estate, oil and gas, advanced charitable strategies, and solar so you can see exactly where each shines, where it breaks, and how to mix them for durable savings. We start by defining the tradeoffs behind popular techniques—why a dazzling deduction can backfire through recapture, penalties, or negative cash flow—and then show how to design a plan you can sustain year after year. Real estate gets a deep look: cost segregation, material participation, short term rental rules, and a strong “second home + furnishings” play that can create hefty front-loaded deductions. We explain when real estate produces medium tax ROI but exceptional economic ROI through appreciation, leverage, and tax-smart exits—and where the time burden becomes the limiting factor. For those who want speed and simplicity, we unpack oil and gas: generally lower tax ROI up front, but strong economic ROI potential and tax-advantaged depletion on the back end, with minimal time required. We put advanced charitable ideas under the microscope—acknowledging their powerful tax ROI and equally real compliance risks—plus a sober take on what’s legitimate versus risky gray areas. Then we map out solar credits and depreciation for predictable, high tax ROI, explain carrybacks, and clarify why profits often rely on incentives and modest participation. We finish with the playbook high earners actually use: stack strategies to protect liquidity, time the aggressive moves for peak-income years, avoid over-deducting past your sweet spot, and harvest the “boring” foundation—entity optimization, pass-through entity taxes, accountable plans, Augusta rule, family payroll, and timing of income and gains. Subscribe, share with a colleague who hates overpaying, and leave a review with one question about your Tax DNA you want us to tackle next. f you’re overwhelmed by the noise online and want clarity on what actually fits your situation, go to http://prosperlcpa.com/opportunityreport Answer a few questions, and I’ll personally send you a video showing what may be possible with advanced planning based on your numbers.

    41 min
5
out of 5
6 Ratings

About

Real estate, wealth building and tax reduction strategies through the eyes of a CPA and tax strategist.

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