Legal Advice for High Net Worth Investors w/ Toby Mathis

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?

Deducting Meals?

With Spouse?

With Client?

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?