We all know that our IRS tax code can be confusing and often difficult to follow. In this discussion, SMK Co-Founder Mark Khuri and CPA Mathew Hamlin discuss the different IRS classifications of income, their corresponding tax rates, and how real estate investments can help reduce your taxable income.
We have created this video to assist investors in better understanding some of the nuances of taxable income and how one can reduce their tax burden.
In our talk, Mathew and Mark cover several topics including:
- The 3 types of income per the IRS & their corresponding tax brackets
- The tax benefits of active/ordinary income and passive income
- The magic of depreciation and cost segregation
- How individuals can reduce their overall tax burden