The Rich Somers Report

Tax Loopholes & What To Do When You’re Audited | Amanda Han E190

May 21, 2024 Rich Somers
Tax Loopholes & What To Do When You’re Audited | Amanda Han E190
The Rich Somers Report
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The Rich Somers Report
Tax Loopholes & What To Do When You’re Audited | Amanda Han E190
May 21, 2024
Rich Somers

On today’s episode, Rich sits down with Amanda Han – Real Estate CPA, Tax Strategist, and Managing Director of Keystone CPA. CPA by day and real estate investor by night, Amanda Han is a tax expert who helps entrepreneurs and real estate investors save money. When she’s not busy helping others with their taxes, she’s looking into the numbers to help leverage her own real estate portfolio. She’s been featured on Money Magazine, Google, and Forbes.

Rich and Amanda start off by discussing the podcast voice, the times that are most fulfilling in business, connecting with Karlton Dennis and Bethany LaFlam, Weezer, yacht parties, 506b and 506c syndications, what you need to scale up deals,  international interest rates, using debt to create tax benefits, cashflow and hold periods, lazy 1031 exchanges, and finding the right CPA.

They then reflect on 100% bonus depreciation and current politics, the IRS and syndication returns, the CPA pay scale working for the government, the step up tax basis, the disconnect of passing down wealth, what happens when you’re audited, and cost segregation studies. 

Lastly, they talk about down payments and roll overs, Amanda’s advice for Rich’s companies and properties, Yachts, Code section 179 and exotic car clubs, STR Tax loopholes, and taxing unrealized gains.

Connect with Amanda on Instagram: @amanda_han_cpa

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Connect with Rich on Instagram: @rich_somers

Interested in investing with Somers Capital? Visit
www.somerscapital.com/invest to learn more.

Interested in joining The 7 Figure Creator Mastermind? Visit
www.the7figurecreator.com to book a free intro call.

Interested in joining our Boutique Hotel Mastermind? Visit
www.somerscapital.com/mastermind to book a free call.

Interested in STR/Boutique Hotel Management? Visit
www.excelsiorstays.com/management to book a free call.

Show Notes

On today’s episode, Rich sits down with Amanda Han – Real Estate CPA, Tax Strategist, and Managing Director of Keystone CPA. CPA by day and real estate investor by night, Amanda Han is a tax expert who helps entrepreneurs and real estate investors save money. When she’s not busy helping others with their taxes, she’s looking into the numbers to help leverage her own real estate portfolio. She’s been featured on Money Magazine, Google, and Forbes.

Rich and Amanda start off by discussing the podcast voice, the times that are most fulfilling in business, connecting with Karlton Dennis and Bethany LaFlam, Weezer, yacht parties, 506b and 506c syndications, what you need to scale up deals,  international interest rates, using debt to create tax benefits, cashflow and hold periods, lazy 1031 exchanges, and finding the right CPA.

They then reflect on 100% bonus depreciation and current politics, the IRS and syndication returns, the CPA pay scale working for the government, the step up tax basis, the disconnect of passing down wealth, what happens when you’re audited, and cost segregation studies. 

Lastly, they talk about down payments and roll overs, Amanda’s advice for Rich’s companies and properties, Yachts, Code section 179 and exotic car clubs, STR Tax loopholes, and taxing unrealized gains.

Connect with Amanda on Instagram: @amanda_han_cpa

--
Connect with Rich on Instagram: @rich_somers

Interested in investing with Somers Capital? Visit
www.somerscapital.com/invest to learn more.

Interested in joining The 7 Figure Creator Mastermind? Visit
www.the7figurecreator.com to book a free intro call.

Interested in joining our Boutique Hotel Mastermind? Visit
www.somerscapital.com/mastermind to book a free call.

Interested in STR/Boutique Hotel Management? Visit
www.excelsiorstays.com/management to book a free call.