Tax Reduction Podcast

Boris Musheyev

Introducing your host, Boris Musheyev, CPA. In this podcast Boris debunks the tax code by teaching you simple and effective tax strategies, so you can keep the most of what you make. His mission is to help you cut taxes and build wealth using the power of proactive tax strategies. Every episode you will gain a better understanding of how the tax code is designed to be in favor of money-making entrepreneurs like yourself. 🆓 Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know: https://www.7taxwriteoffs.com/?utm_source=podcast&utm_medium=homepage

  1. 5d ago

    Episode 63. He Sold His Painting Business for $2,000,000

    Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! This painting contractor, Joe, sold his business for $2,000,000 using installment sale tax strategy but he had an unexpected tax bill EVEN though he had an installment sale set up. In this podcast, I covered exactly what went wrong and how to be prepared in the future for this. An installment sale allows a business owner to receive payments over several years instead of collecting the full sale price upfront. However, certain parts of the sale may still be taxed immediately. In Joe’s case, the depreciation recapture on his business assets did not qualify for installment sale treatment. This meant he could owe taxes on approximately $360,000 of income in the first year, even though he only received $200,000 from the buyer. In this podcast, you’ll learn: • How an installment sale works when selling a business • Why depreciation recapture may be taxed immediately • How goodwill and business assets are taxed differently • Why your taxable income may be higher than the cash you receive • How interest payments can help cover future capital gains taxes • How to prepare for tax bills throughout the installment sale • Why accurate records are essential if you change accountants • How to avoid paying taxes twice on the same income An installment sale can be a powerful tax strategy when selling a business, but it must be structured, planned, and tracked correctly. Make sure you speak with a Tax Advisor before selling your business or agreeing to receive payments over several years. 🆓  Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know:   https://7taxwriteoffs.com/?el=podcast&htrafficsource=buzzsprout *Disclaimer This material & presentation content is for informational and educational purposes only. This material and presentation content is designed to provide general information regarding the subject matter covered. It is not intended to serve as legal, tax, or other financial advice related to individual situations. Because each individual’s legal, tax, and financial situation is different, specific advice should be tailored to the particular circumstances. For this reason, you are advised to consult with your attorney, accountant, tax preparer, and/or other advisor regarding your specific situation or your client’s specific situation. The information and all accompanying material are for your use and convenience only.

    Episode 63. He Sold His Painting Business for $2,000,000
  2. Jul 31

    Episode 62. 3 Investment Tax Strategies That Could Cut This Contractor’s Tax Bill by 50%+

    Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! Are you a contractor, trades business owner, or high-income earner struggling with a massive tax bill after selling your business? In this episode of Hot Seat Tax Return, I break down a real-life case study with Joe, a former painting contractor from Napa, California.  Discover how utilizing 3 specific tax strategies can potentially cut your tax bill by more than 50%—even with high W-2 income and installment sale payments coming in! 📊 IN THIS PODCAST, I COVER: 1️⃣ The Short-Term Rental (STR) Tax Loophole: • How to bypass passive loss rules without becoming a full-time Real Estate Professional. • The 7-day average stay & 100-hour material participation rules. • How upfront bonus depreciation can offset W-2 income and installment sale profits. 2️⃣ Real Estate Professional Status (REPS) & Cost Segregation: • How a spouse can help unlock unlimited tax write-offs through real estate. • The 750-hour and 50% time rules explained. • Going back to use cost segregation on existing properties to capture missed depreciation. 3️⃣ Oil & Gas Tax-Advantaged Investments: • How Intangible Drilling Costs (IDCs) work under the IRS tax code. • How to get a quick 60%–80% tax write-off in Year 1 to offset unexpected income. 🆓  Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know:   https://7taxwriteoffs.com/?el=podcast&htrafficsource=buzzsprout *Disclaimer This material & presentation content is for informational and educational purposes only. This material and presentation content is designed to provide general information regarding the subject matter covered. It is not intended to serve as legal, tax, or other financial advice related to individual situations. Because each individual’s legal, tax, and financial situation is different, specific advice should be tailored to the particular circumstances. For this reason, you are advised to consult with your attorney, accountant, tax preparer, and/or other advisor regarding your specific situation or your client’s specific situation. The information and all accompanying material are for your use and convenience only.

    Episode 62.  3 Investment Tax Strategies That Could Cut This Contractor’s Tax Bill by 50%+
  3. Jul 24

    Episode 62. How 1 Tax Strategy Created a $220,000 Deduction for This 7‑Figure Printing Business

    Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! In this Hot Seat Tax Review, I review the tax return of a 7-figure printing business owner and show him 1 tax strategy that could help increase deductions and reduce taxes. His name is Slava, and he sent in his business returns, real estate returns, and personal return so I could review the full picture. In this podcast, I walk through what I liked, what I would fix, and what strategies he should review with his Tax Advisor going forward. The biggest opportunity is his self-rental tax strategy. He owns the commercial building where his printing business operates. Because the same owners are involved in both the business and the building, he may be able to group the rental activity with the business activity and deduct rental losses against business income. I also explain how a self rental tax strategy with a cost segregation could create about $220,000 in additional depreciation deductions on the commercial property. We also cover: ✅ Reasonable compensation ✅ Why I liked that his printing business had no ending inventory ✅ Self-rental tax strategy ✅ Cost segregation ✅ Schedule C mistakes ✅ Hiring your kids ✅ PTET ✅ Retirement planning ✅ Real estate professional status This is a real tax return review with real business owner numbers, and it shows why tax planning should go much deeper than just filing a tax return. Before using any tax strategy, make sure you speak with a Tax Advisor who can review your full situation and help you structure everything correctly. 🆓  Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know:   https://7taxwriteoffs.com/?el=podcast&htrafficsource=buzzsprout *Disclaimer This material & presentation content is for informational and educational purposes only. This material and presentation content is designed to provide general information regarding the subject matter covered. It is not intended to serve as legal, tax, or other financial advice related to individual situations. Because each individual’s legal, tax, and financial situation is different, specific advice should be tailored to the particular circumstances. For this reason, you are advised to consult with your attorney, accountant, tax preparer, and/or other advisor regarding your specific situation or your client’s specific situation. The information and all accompanying material are for your use and convenience only.

    Episode 62. How 1 Tax Strategy Created a $220,000 Deduction for This 7‑Figure Printing Business
  4. Jul 17

    Episode 61. 4 Tax Strategies That Will Save This 6‑Figure Dentist $51,000 in Taxes

    Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! In this podcast, I review the tax return of a six-figure dental practice owner and break down how she could potentially save about $51,000 in taxes. I walk through the exact areas I reviewed on her return, including her S corporation salary, reasonable compensation, payroll tax savings, self-rental strategy, cost segregation, retirement planning, home office deductions, Augusta Rule planning, and exit planning. The first strategy I cover is reasonable compensation. She was paying herself $188,000 in W-2 wages, but based on my review, a reasonable compensation analysis may support reducing that salary to around $125,000. That alone could create about $9,600 in payroll tax savings. I also explain how the self-rental strategy may apply because she owns the building where her dental practice operates. With the right grouping election and a cost segregation study, this strategy could create a large depreciation deduction and potentially save about $24,000 in taxes. Then I walk through retirement planning, including a traditional 401k, Roth planning options, home office reimbursement through an accountable plan, and the Augusta Rule. These strategies are not one-size-fits-all. They depend on your income, business structure, property ownership, tax bracket, and documentation. Before using any of these strategies, make sure you speak with a Tax Advisor who can review your full situation, run the numbers, and help you implement everything the right way. 🆓  Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know:   https://7taxwriteoffs.com/?el=podcast&htrafficsource=buzzsprout *Disclaimer This material & presentation content is for informational and educational purposes only. This material and presentation content is designed to provide general information regarding the subject matter covered. It is not intended to serve as legal, tax, or other financial advice related to individual situations. Because each individual’s legal, tax, and financial situation is different, specific advice should be tailored to the particular circumstances. For this reason, you are advised to consult with your attorney, accountant, tax preparer, and/or other advisor regarding your specific situation or your client’s specific situation. The information and all accompanying material are for your use and convenience only.

    Episode 61. 4 Tax Strategies That Will Save This 6‑Figure Dentist $51,000 in Taxes
  5. Jul 10

    Episode 60. How to Handle Short Term Rental Audit

    Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! Short term rental audit rules can be confusing. Especially if you used real estate losses, bonus depreciation, or cost segregation to reduce business income. In this podcast, I explain how to handle a short term rental audit and how to prepare before the IRS or state ever asks for documents. You will learn the main short-term rental tax rules, including the 7-day average guest stay rule and the 100-hour material participation rule. I also explain why your hours need to be higher than anyone else working on the property, including a property manager. Then I break down the documents you should keep before an audit happens. This includes a detailed time log, guest records, travel receipts, repair receipts, cleaning receipts, and proof of business activity. If you are already in a short term rental audit, I explain how to organize your response, prepare a cover letter, cite the tax rules, and make it easy for the auditor to review your file. I also explain cost segregation and how it can create large first-year paper losses when paired with a short-term rental, bonus depreciation, and proper documentation. This podcast is for business owners, S corporation owners, and real estate investors who want to use short-term rentals the right way and be prepared if an audit happens. But this strategy has to be set up the right way. Before buying a short-term rental just for the tax write-off, speak with a Tax Advisor who can help you follow the rules and document everything properly. 🆓  Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know:   https://7taxwriteoffs.com/?el=podcast&htrafficsource=buzzsprout *Disclaimer This material & presentation content is for informational and educational purposes only. This material and presentation content is designed to provide general information regarding the subject matter covered. It is not intended to serve as legal, tax, or other financial advice related to individual situations. Because each individual’s legal, tax, and financial situation is different, specific advice should be tailored to the particular circumstances. For this reason, you are advised to consult with your attorney, accountant, tax preparer, and/or other advisor regarding your specific situation or your client’s specific situation. The information and all accompanying material are for your use and convenience only.

    Episode 60. How to Handle Short Term Rental Audit
  6. Jul 3

    Episode 59. How To Write Off Your Home Office (2026)

    Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! In this podcast, I break down how to write off your home office the right way in 2026. It does not matter if you own a dental practice, a medical practice, a law firm, or a manufacturing business with a warehouse. Even if you already have a real office, you can still write off your home office and get reimbursed the right way. These are the same home office deduction strategies I use for my tax advisory clients, and most accountants do this the wrong way. Here's what I cover in this home office tax deduction podcast: First, who qualifies for the home office deduction. You must have an exclusive use space in your home, and it must be used for administrative work. I tell you exactly why a home office that is used for administrative work can become the principal place of business for IRS purposes, even when you already have a main office. Second, what you can deduct. I walk through the main home office expenses: mortgage interest, property taxes, insurance, and utilities. I tell you how to calculate the home office percentage using square footage, and why business owners with expensive homes can write off tens of thousands of dollars in home office tax deductions. Third, how to reimburse yourself the right way. This is the biggest mistake accountants make with the home office deduction. You do not just stick a number on your S corporation tax return. You reimburse yourself through an accountable plan, the business takes the expense, and you do not pick it up as income. I go over how the accountable plan works and why the home office reimbursement is classified as a rent expense on your books. If you are an S corporation owner, getting the home office deduction right with an accountable plan can save you a lot of money on taxes, and it is money sitting in your company that you can legally take out. 🆓  Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know:   https://7taxwriteoffs.com/?el=podcast&htrafficsource=buzzsprout *Disclaimer This material & presentation content is for informational and educational purposes only. This material and presentation content is designed to provide general information regarding the subject matter covered. It is not intended to serve as legal, tax, or other financial advice related to individual situations. Because each individual’s legal, tax, and financial situation is different, specific advice should be tailored to the particular circumstances. For this reason, you are advised to consult with your attorney, accountant, tax preparer, and/or other advisor regarding your specific situation or your client’s specific situation. The information and all accompanying material are for your use and convenience only.

    Episode 59. How To Write Off Your Home Office (2026)
  7. Jun 19

    Episode 57. 3 Tax Planning Strategies To Use Mid Year

    Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! In this podcast I tell you three tax planning strategies that business owners can use mid year to save money. These are the exact strategies I use with my clients in our tax advisory firm, and there is still plenty of time left in the year to put them to work. First I cover the accountable plan and the Augusta strategy. The accountable plan lets you pay yourself back for home office costs like mortgage interest, property taxes, utilities, and insurance. One of my clients saves about 36,000 dollars a year just from this. The Augusta strategy lets you rent your home to your business for up to 14 days a year completely tax free. You can use it for meetings, holiday parties, or client presentations, as long as you keep good documentation. Next I break down reducing your salary to a reasonable amount. This does more than lower your Social Security and Medicare taxes. It also raises your QBI deduction and your PTET deduction, which can add up to thousands of dollars in extra savings. In my example, these two moves alone created 40,000 dollars and 20,000 dollars in additional deductions. Then I cover bonus depreciation for self rental. If your business rents a building you own, you can use cost segregation to speed up your depreciation and create a large write off. The best part is you can still do this even if you bought the building a few years ago, by doing a catch up. As a bonus I explain why so many business owners are missing the QBI deduction completely, and how one client got a 120,000 dollar refund after we caught it. This is one of the most overlooked tax planning moves for S corporation owners. 🆓  Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know:   https://7taxwriteoffs.com/?el=podcast&htrafficsource=buzzsprout *Disclaimer This material & presentation content is for informational and educational purposes only. This material and presentation content is designed to provide general information regarding the subject matter covered. It is not intended to serve as legal, tax, or other financial advice related to individual situations. Because each individual’s legal, tax, and financial situation is different, specific advice should be tailored to the particular circumstances. For this reason, you are advised to consult with your attorney, accountant, tax preparer, and/or other advisor regarding your specific situation or your client’s specific situation. The information and all accompanying material are for your use and convenience only.

    Episode 57. 3 Tax Planning Strategies To Use Mid Year
  8. May 1

    Episode 56. How To Pay $0 In Taxes Using Real Estate

    Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! If you want to know how to pay $0 in taxes as a business owner, this video is for you. I sat down with Rod Khleif, a real estate investor, entrepreneur, and host of one of the largest real estate podcasts in the world (Lifetime Cash Flow), to break down exactly how he pays $0 in taxes using real estate, and how you can do the same thing. Rod has owned over 2,000 houses, owns thousands of apartment units, and is currently buying senior housing facilities in Texas. He also famously lost $50 million in the 2008 crash and built it all back. In this interview, we cover his comeback story, the mindset shift that took him from making $8,000 a year to over $100,000, and the exact tax strategies he uses to pay zero in taxes year after year. First, Rod explains why 90% of millionaires either made their money in real estate or invested in it, and the main reason is the tax benefits. We talk about how the tax code is literally written to encourage real estate ownership, and how full-time real estate investors can legally write off their entire income. Then I break down the real estate professional status and the 750 hour rule, what it actually means, and how business owners can qualify to write off active income against real estate losses. We also cover passive investing for business owners who don't have time to be an operator, and how passive losses from real estate can offset passive income. Next, Rod and I get into cost segregation and bonus depreciation, the two strategies that allow real estate investors to write off 60 to 70% of their investment in the first year instead of waiting 39 years for commercial property depreciation. I explain how this works for S corporation owners and high-income business owners who want to reduce their tax bill fast. We also cover the BRRRR method (Buy, Renovate, Refinance, Repeat) and how Rod uses it on apartment complexes and senior housing to pull money out tax-free for his investors. If you want to understand how real syndications work, how investors get their money back, and how the cash flow gets split between operators and limited partners, this part is for you. Finally, Rod talks about the opportunities in real estate right now, why properties are selling for 35% less than they did in 2022, and why senior housing and assisted living are some of the biggest opportunities for business owners looking to invest passively or become operators. 𝗖𝗼𝗻𝗻𝗲𝗰𝘁 𝘄𝗶𝘁𝗵 𝗥𝗼𝗱 𝗞𝗵𝗹𝗲𝗶𝗳: 🔗 https://rodslinks.com/ 🔗 https://rodkhleif.com/ 🆓  Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know:   https://7taxwriteoffs.com/?el=podcast&htrafficsource=buzzsprout *Disclaimer This material & presentation content is for informational and educational purposes only. This material and presentation content is designed to provide general information regarding the subject matter covered. It is not intended to serve as legal, tax, or other financial advice related to individual situations. Because each individual’s legal, tax, and financial situation is different, specific advice should be tailored to the particular circumstances. For this reason, you are advised to consult with your attorney, accountant, tax preparer, and/or other advisor regarding your specific situation or your client’s specific situation. The information and all accompanying material are for your use and convenience only.

    Episode 56. How To Pay $0 In Taxes Using Real Estate

Ratings & Reviews

5
out of 5
9 Ratings

About

Introducing your host, Boris Musheyev, CPA. In this podcast Boris debunks the tax code by teaching you simple and effective tax strategies, so you can keep the most of what you make. His mission is to help you cut taxes and build wealth using the power of proactive tax strategies. Every episode you will gain a better understanding of how the tax code is designed to be in favor of money-making entrepreneurs like yourself. 🆓 Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know: https://www.7taxwriteoffs.com/?utm_source=podcast&utm_medium=homepage

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