Toby Mathis, Esq.
Founding Partner, Attorney, Author & Business Tax Expert
He sits on the board of directors for several companies and was recently appointed to the local board of Entrepreneurs’ Organization, a worldwide association of owners of successful businesses. He has authored more than 100 articles on small business topics and has written several books on good business practices, including first, second and third editions of Tax-Wise Business Ownership and 12 Steps to Running a Successful Business.
For Simple Passive Cashflow Hui Deal Pipeline Members book a complimentary session to the CPA/Legal team I use here.
2018 Tax Cuts and Jobs Act
2019 Changes vs 2018 Changes
Tax brackets changed
Mileage 54 to 58 cents
Alimony – only decrees 2019 and beyond
Standard deduction up
Retirement amounts incrementally up
Opportunity Fund Zone
For flippers only?
Shelter non real asset gains like stock gains?
Take Lane of to lunch or Toby out to Beerlab when he comes to Hawaii?
Can you deduct rental expenses when you have no rental income?
You can have deductions as long as you have a property ready to be rented out. Even if it sits vacant – as long as its ready.
Paying your kids and parents.
Writing off car just for driving around with add on door?