Surgeon Syndicate13 Nov 2023

Ep46 Tax-Efficient Accounting Practices That Can Save You Thousands with Thomas Castelli, CPA, CFP® - Part 1

Today, Thomas Castelli, CPA, CFP®, shares valuable insights into handling income and complex property taxes. He'll shed light on the nuanced differences in tax planning between a real estate CPA and a conventional tax accountant, plus practical tax deduction strategies and real estate-related tax benefits. Seize this moment to transform your financial future!

What you’ll learn from this episode

Tax planning difference between a real estate CPA and a tax accountant
Examples of a tax deduction strategy employed by real estate CPAs
Real estate tax advantages: Passive vs. active investor vs. limited partner
The primary benefits of a 721 exchange in real estate
Why you need tax professionals and how to vet them properly

Resources mentioned in this episode

The Richest Man in Babylon by George S. Clason | Kindle and Paperback
Rich Dad Poor Dad by Robert Kiyosaki | Paperback and Mass Market Paperback
235. Unlocking the Secrets of the "721 Exchange": An Overlooked Real Estate Exit Strategy

About Thomas Castelli, CPA, CFP®

Thomas Castelli, CPA, CFP®, is a tax and business advisor and a real estate investor. He helps real investors and business owners reduce taxes and build wealth. The Real Estate CPA helps high-net-worth individuals, syndicates, and funds reduce taxes, streamline accounting, and make better financial decisions that grow their businesses through proactive tax planning and outsourced accounting services. Best of all, they are real estate investors, allowing them to help our clients with accounting and tax advice and provide unique operational insights. He is also the Founder of New Babylon Capital, a holding company that invests in private real estate and businesses and provides passive investment opportunities to accredited investors.

Connect with Thomas CPA, CFP®

Website: Thomas Castelli, CPA
Podcast: Tax Smart Real Estate Investors Podcast | Apple Podcasts and Spotify
Facebook: Thomas Castelli
LinkedIn: Thomas Castelli, CPA, CFP®
Instagram: @thomascastellicpa
X: @thomascastelli_

Connect with us

If you’re a busy professional who wants to know more about growing your wealth through real estate, contact us at TheFortressCapital.com

LinkedIn: Michael McManus
Instagram: @michaelmcmanusp
Facebook: Michael McManus

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