Autograph Partnership Agreement Amendment Made Easy

Autograph profit sharing agreement template

Hey everybody, thanks for watching this Facebook YouTube live don't go anywhere Let me tell you what this is about it is the last-minute tax filing weekend Many of you are stressing out thinking you've got a file by April 15th. That's okay. We're gonna talk about it I want to answer any of your last-minute tax questions. I'm an attorney and CPA helping clients around the country with my amazing team Doing taxes and legal planning. I also want to talk about structuring your partnership so we're gonna get into the meat of Partnering how to structure may be a long term hold and a business operation online or selling a product or a service consulting whatever But last-minute tax finally, let me make a couple important points. First of all, do not stress about Extending it is okay to extend you actually reduce your chances of an audit to extend So if you're gonna blow your weekend and freak out and cut corners and not do a good job prepping your taxes Don't do it file an extension and take the next few days to do it Now if you have some last-minute tax questions, I'm all yours type them down below and YouTube or Facebook I will field those questions throughout this Facebook live and YouTube live and also I'm gonna give away two books So if you stay online here with me, I'm gonna give these away I do it every week and give them away randomly You're gonna love it now If you are gonna file your taxes online and for many of you That's a perfect fit get over to tax layer tax layer. Calm day rock. I love those guys. I hate TurboTax So get over just get over to tax layer and I shouldn't say I hate TurboTax But I love tax layer in the team out of Augusta. Georgia family owned. Their prices are fantastic the online supports fantastic and Hey, it's the Masters weekend. Right and it stacks layer all-in-one. So get over there and slay your taxes Okay now tax questions coming but let's talk about partnering. There's really two types of partnership structures. You're gonna have now you might have an Operational partnership like say you're gonna call me up. In fact, I'm gonna do three partnerships. You're gonna love this I'm gonna add hot care, okay First partnership is you're gonna do an operational business. You're gonna sell a product a service You're gonna go online you're going to be brokers agents develop real estate fix and flip, whatever. I'm gonna call it an operation Partnership. The next one is some you might be doing a hold You're gonna go in on a rental property you may Have a brother a sister a mom a dad or whatever and you a best friend and you're gonna go in and buy a rental Property or piece of land. It could be a VRBO or air B&B. I'm gonna call that a holding Partnership. The third one is an IRA partnership Maybe with a 401 K or an IRA some you may just be recent followers of my YouTube within my youtube live last week where we talked about building a million dollar Roth IRA, so you might be able to do a Retirement plan partnership and get 10 20 % returns or better because you're using your IRA to do deals So I'm going to call this the IRA or the 401k Partnership, so you've got these three different types of partnerships. How are you gonna structure it? Well, the first rule is never go into partnership with family. No, I'm just joking. That was my inside voice I'm just playing around. Okay, but you could partner with family if you really want to just get it in writing. Okay? here's the deal an operational partnership what we're gonna do here is we need to worry about Self-employment tax and we want to be careful of this because when you form a partnership and say we're gonna sell a product of service We're just gonna go into business we're gonna get killed with the Obamacare the suta the food of the FICA the Medicare the Social Security all that's going to kill us before we even get to state and federal So let me tell you how I do this. I love to use the S corporation is a partnership So let's say you and I are gonna go into partnership what I would do is create an LLC for the project and this is where we're gonna make money and we're gonna have expenses, but then when we make our profit I'm gonna funnel it through my own S corp now in my life. I have one S corporation That's it one S corporation and it's a partner in all my different LLC's and my LLC's come together into one S corp and this is where I take my salary and My k1 if I just was to take the money directly out of an LLC, I'm gonna pay self-employment tax at point three percent Right off the top So I want to have an s-corporation to funnel it So in this partnership in an operational partnership, what I usually do is have an LLC With two escorts now, I know this may be hard to see from far away But what I'm trying to say is these s Corpse partner so you and I don't partner together my s Corp partners with your S Corp And I save more in taxes now if you have questions on that write them down below I'm all yours. Now on a holding partnership. We're gonna use an LLC and each person's gonna use their trust rather than an S corporation and I'll come to the holdings and we'll come to the IRA in a minute. Let's take a couple questions pravin What do you got? Oh Pravin he says can I deduct my State taxes along with the standard deduction no under the new tax cuts and Jobs Act now again I know many of you are filing your taxes this weekend So I want to help you out under your 1040 Now a lot of people used to itemize which is called the schedule a and the schedule a you do your property taxes your income tax state income taxes Charitable medical of loss, you know Casualty losses unreimbursed employee expenses. Those are now gone people no longer in 2018 you're gonna take usually the standard deduction now, it's just $12,000 for last year if you're single or $24,000 if you're married and then the head of household I think is 18. Sorry. I don't use that one a lot Sorry my head of household out There's but these are what you're looking at and this is your standard deduction If you take the standard you do not itemize if you try to itemize the biggest killer is the salt Limitation that's state and local taxes. So state income taxes local property taxes things like that is limited to $10,000 so many of you praveen you might be in California might be in, Illinois, New York And you've got huge state taxes Those are limited to $10,000 now, so you might pay more in income tax because your schedule a is now limited Okay, now let's get back to our partnerships so what's very common in a Holding partnership is you're gonna hold your rental properties in an LLC And your trust is going to be a partner another way of looking at this is if I'm helping you on a consultation Your operations are gonna be over here and you might have an S corp where we do your salary Dividend split I call a salary dividend split but it's really kind of the k1 salary split and then over here in Holdings is where you put your rentals and if I'm gonna have a partnership, I'd have an LLC where my trust is the partner and my other partner I'm the partner with my trust and then my partner's over here If you have your own LLC that you own a hundred percent That just goes straight into your trust So you can have an LLC that you own a hundred percent of and there's your one rental that you own But if you have a partner Then you set up a separate LLC for that and then my partner's over here and my trust is the owner of everything So you want everything to go down into your revocable living trust at the bottom? That's how you structure it Okay now if we're not and no other questions I'm gonna move to the third strategy which I love which is called the 401k or IRA if I have an IRA structure I use an LLC and an IRA or a 401k can be a partner with a regular person I'm gonna share my structure that my son and I were working on yesterday He's got a rehab that he's doing and this will blow your mind. This is so cool. What he's got is an LLC And my son owns 20% He's behind a camera right now. I hope this is okay I'm not gonna tell you the name of the partnership of where he's doing us because it's such a cool deal But he's got an LLC in he's almost 20% But he has an investor that's in for 80% His investor is an IRA the IRA put in Approximately one hundred and twenty thousand dollars, they're gonna bring in another twenty thirty thousand dollars They're gonna be into this with this as a loan. They're gonna loan in about 30 grand They're gonna put in 150 grand Then they're gonna sell this thing for probably to 10 to 20 and they're gonna net $50,000 and then they're gonna split that so Dylan gets 20% of $50,000 which would be $10,000 and his partner gets $40,000. Well, his partner is going to get $40,000 of a hundred and twenty thousand dollar investment. That's a 30% return How would you like a 30% return in your IRA? That's what they're doing. This is very very common. So some of you might have a question on that, okay? I've got a question here shrink Okay, so shrink said he's already filed as 2018 return but he wants to contribute to a traditional IRA For last year still and that's okay shrink what you have to do is an amended tax return. So that's called a 1040x You can even do this a tax layer Give them a call and say I want to file an amended return Because I'm gonna go put money in my traditional IRA Now if you want to self-direct your IRA, that's my directed IRA trust company I'll just give you the website you can go there right now this weekend go to directed IRA Dot-com and you could make a 20-18 Contribution, so you open your account put in your contribution. Maybe it's anywhere from zero to $5,500. That was your rule for 2018 so you could put anywhere from one zero to $5,500 if you're over age 50 50 or over you can put in an extra $1000 so that's what you could do for last year Go open the IRA this weekend put your money in and then go back and amend your tax return for 2018 Because you'll get a deduction for this assuming you don't make too much money You'll get a deduction your refund will go up and you'll get a bigger refund so shrink you can do that head over to tax layer and do it yourself and Call our office to set up a directed IRA account and then your IRA To be a partner in someone else's LLC. Okay. What do we got another question? This is Jose. Ooh Jose says is the operational LLC a seer escort. It is not either So Jose your escort and this is Jose right? Here is an escort But he's gonna partner with me. Jose calls me up and says mark Let's fix and flip a rehab property or let's go open a little sandwich shop or oh, it's summertime Let's go open a snowcone Shack down the street on the corner Well, we're gonna open an LLC to go to our snow shack his s corpse gonna own Maybe I'll give Jose 40 percent and then my s Corp is gonna own sixty percent. Is that okay Jose? I'm just joking around. We'll go 5050 Okay. All right. So we're gonna go 5050 5050 Well, my S corp is gonna partner with his S Corp and one of the LLC is gonna run the snow Shack Now see it has nothing to do with rental property rental properties over here Operations are over here. So the snow shack is an LLC owned 50% by Jose's S corp in 50% by Maya scorp that's gonna allow us to save self-employment tax and get the 20% pass-through deduction Which is the new big one that freakin rocks. All right next question Matthew says Okay, Matthew lives in Idaho, he's 62 years old He loves long walks on the beach and he was looking for a beautiful real estate professional. I'm just jokin. Sorry That's my tax match com. I'm trying to match people up to save taxes and find love Would that be nice taxes and love all in the same package? No, Matthew. Sorry. I'm playing around Matthew is 62 lives in Idaho and He says I rent rooms out of my house now Matthew has two choices if he is honest Ethical he is going to fill out on his 1040 a Schedule E that city is an echo and he's going to claim the income from his little rental operation in this house and he's gonna Depreciate part of his house. So he's gonna take his house and carve out Oh, this part is rental and he's gonna do a Schedule E and this Schedule E He's going to claim the rent and he's gonna claim depreciation And he's gonna ride off some mortgage interest in property taxes and blood I've been a bit bad and he's gonna have either a net loss or a net gain and that's gonna fall onto his 1040 So Matthew the technical rule is you claim this income you treat party or house as a rental and you've crammed it up claim it on a Schedule E and you'll report on into 1040 and then when you go up to heaven you're Going up the escalator and Saint Peter's gonna be there and he goes Matthew. Did you cheat on your taxes? And he goes no I almost did I almost didn't claim this because it was just under the table but you don't you want to be Squeaky clean Matthew when you go to the pearly gates and you're gonna say mark kohler saved me and then i'm gonna get some extra Brownie points when I go up to the pearly gates. Oh i'm gonna be okay because matthew you did the right thing You don't want to live under the table. It's scary down there. That's scary. Okay next question Ramsey says Okay, so Ramsey says mark your son Dylan is doing this fix and flip with an IRA Okay, so let's go to this example. I got to find my right paper here okay, so My son Dylan is a 20% owner in an LLC. The IRA is an 80% owner and Ramsey says would you have to account for the interest? Could you borrow from the IRA? No, no, everybody pay attention There is no borrowing going on the IRA Invested in the LLC. There's no tax. There's no penalty. There's no borrowing. It's an investment. So Ramsey what's going on here is Dillons partner had an IRA that was over at Merrill Lynch and he was in this cool ETF That was paying 4% know I had an S&P 500 a you know mutual fund and it was paying 7% I was kicking butt but he didn't like that He rolled the IRA to a self-directed IRA in his IRA became a partner in an LLC So he sold his mutual fund and bought into an LLC. There's no loan. There's no interest There's no tax Dillon's partner is gonna get $40,000 a 30% return tax-free because he's Self-directed. That's the magic my friends. There's no loan. There's no borrowing Brady. What's your question? Yes Okay, so Brady gives us a good example of ways not to do it and Brady admitted it I'm not beating him up Brady isn't occur. And I'm gonna go from this is current situation and then we're gonna do a proposed Solution proposed Solution. All right so this is good for everybody to learn Brady went to an accountant or an attorney or LegalZoom and they said oh Oh, you need an S corp to save on taxes? So we set up an LLC Taxed as an S corp, but he has a partner. Oh So his partner doesn't participate in the business Brady is over here and Brady's doing all the work. And so now we're in this S corp in it's clunky Brady wants a w-2 but they want to split profit and there's this unequal Distribution thing that they want to do but they can't do the S corp does not work for a partnership Brady knows this. He said he got bad advice and he's jacked up people don't do this What we want to do is transition to the new solution and this is where I want most of you What you want to graduate to is an LLC? Taxed as a partnership and we're gonna give this S corp to Brady Brady's gonna take this S corp and it's gonna be a partner For whatever, their Penta centage is let's say it's 50/50. I don't know But this S corp is now gonna be Brady's 100% so Brady's down here he owns this S corp a hundred percent and then we're gonna slide this partner in here is an individual so the individuals passive He's a partner in an LLC and then Brady takes the S corp and Brady frankly I backed eight the S corp to one one nineteen set up a partnership Effective one one nineteen and then create a new LLC for asset protection you're gonna have to work with an attorney to do this and you'd probably spend a thousand or fifteen hundred dollars to get it reorganized don't spend more than that, but the beauty is Brady's gonna save a ton more in Taxes far more than it's gonna cost to have two entities and it's gonna save him a ton and his partner is gonna be fine it's not gonna cost us partner anything but it's gonna save Brady a lot in taxes you get a Consultation Brady you could call our office if any of you want to work with our law firm. Our phone numbers eight eight eight eight zero one zero Zero one zero so it's eight eight eight eight zero one zero zero one zero. That's K Kos lawyers This is not an infomercial, but I'm telling you if you're looking for a law firm our lawyers kick butt Okay, Shawn's got a question. What do you got Shawn? Okay, this is good Shawn says now this kind of goes with my have a million dollar Roth IRA video I did last week Shawn says mark what should I invest my Roth in now? Remember his Roth is a vehicle. So it's this cool little convertible And his little convertible here is his Roth IRA and you want to think of your Roth as a vehicle? You're driving it. This is Shawn right here. He's the driver of his ride Now what he puts in the back seat is up to him He could put stocks bonds mutual funds or small business or even real estate and he's gonna get a big return What's his percentage return? It could be 8% It could be 10% It could be 20% or more Depending on how he invests it now when I shoot a video on this and say you can get 12% It was like I was a heretic I was crazy. I was like it was the Salem witch trials Everybody was like this guy's not if you self-direct you can do better than the freakin stock market That's my point. So Shawn says mark, what would you put in this? All right. I'll give you three ideas I'm just gonna pull these out of my hat not out of that other place. Okay, so I'm gonna pull three ideas here We're here we go. Number one Why don't you take your Roth? Okay, and we're gonna create an LLC so your Roth and maybe there's only $5,000. There's only $5,000 you're gonna take this Roth and you're gonna create an LLC and You're gonna be the manager Shawn. This is Shawn over here and Shawn is happy this is Shawn's little happy face because Shawn controls his own Roth and Rots and he says what can I put in my LLC? I can invest it. Remember his Roth is like a vehicle So this is his little car down here and he's driving it and this is Shawn down here Well, here's the first one flip tickets on StubHub. I love that one You could take this LLC and you could go buy five Selena Gomez tickets. Five Justin Bieber tickets Oh, but this week on the news. I watch TMZ the news and Justin Bieber said I Am taking a break because I need to be a better father and husband and everybody's like you're not even a father What are you talking about? Anyway, JB we love you. So hang in there so you could buy JB tickets Justin Timberlake's on tour You could buy tickets to a concert in the LLC Then flip them on StubHub. I have clients do that all the time That's auction one. So I'm gonna say flip tickets on Stub Hub Another idea number two is I'm just gonna uh, oh boy. What do I want to throw out there? Okay, you could be a partner now This is what I'd like say you've got three or four other people and you go Hey, you got five grand in your IRA. You got five grand in your IRA let's form an LLC and that's all put in five grand and I have clients that what they do is go out with their partnership now, you've got 20 grand So that's one of the theories here Shawn don't feel like you're alone form an LLC with multiple partners And I'm gonna give you another idea flip mobile homes. I have clients that do RV and mobile homes You could even buy a mobile home and put it into a rental pool more and more people are renting their RVs like a VRBO Or you could get a mobile home do a little fix up and flip the mobile home. So I've got clients that do that So even though you don't go out and buy an expensive piece of real estate You can do it with just a mobile home The third one is I could say you could be a lender you could be bridge financing doing bridge financing I have a client just yesterday. She'd I talked to her yesterday. She's 30 years old She has an IRA that she's doing short-term lending to on real estate investors need 20 grand or 30 grand now I don't know how much you have in your IRA Shawn But be a lender you could it's called hard money you get points in interest Most of my hard money lenders are making close to 20% on their loans with points and interest And I'm just gonna throw a 4th one because some of you may think I'm crazy But roll the dice go on by some cryptocurrency. There are several other versions out there because you know that are pretty cool and Crypto is a great idea and it doesn't have to be Bitcoin. There's other ideas out there Why not throw a thousand at it? My son's got into penny stocks. You can do penny stocks you can do some other things with your Little Roth IRA. Anyway, those are some ideas. Okay, what do we got? this l-train that sounds cool l-train Okay L-train says if I have an IRA and I go do an LLC. Am I going to have you bit tax? It depends on the type of investment. So let's say when you do an IRA investment, you could do two types. It could be ordinary Or it could be passive just like you as a person So if you do now here's the rule and we've written books and articles on this and we stand behind it l-train if you take your IRA and You go buy a little mobile home or do in a sort of rental you could do a rental of real estate a rental of movable home rental of an RV a VRBO and air B&B maybe you partner with others the LLC doesn't cause the problem It depends on what your LLC does so if your LLC is gonna do long-term rental type business of property Then you're gonna be okay another thing is if you flip tickets or you flip real estate as long as you don't do any more than three you can only Do three or less a year? So three or less a year. If you do more than three, you're gonna be considered a dealer So I have clients that little already do rehabs and fix and flips, but they do three or less Now if you're gonna do a restaurant you're gonna sell a product or you're gonna sell a service and You're gonna do Rehabs and do more than three rehabs a year that means you're an ordinary income operation and your IRA is going to pay what's called youbut tax and if you're gonna pay you bit a lot of times we put in a blocker C corporation so that your tax rate is only 21 percent which is pretty cool or You just don't do more than three rehabs and some people are like heck I'll pay you but I still make ten or twenty percent On my money even after you bit tax, so it it's not the LLC that causes the problem It's what your LLC does here you have you have two different LLC's one is doing no more than three flips a year or three Ticket sales or three horse sales or three cattle sales? You're buying a product and flipping it. No more than three times a year here. You're doing a lot of it anyway I hope that helps I'll train my partner has a book many of you need to get there is called SD IRA handbook comm SDI are a handbook Dot-com and he's got a whole chapter on you bet a whole chapter on 401ks What you can and can't do real estate notes All these different ideas. He talks about are a lot of fun. Okay. What's the Alexa Alex Alexis Alexis? Okay, so Alexis said she had a small business last year it sounds like she's already filed her tax return um She did not have a loss. I'm sorry. She did not have a game. She had a loss So she's not gonna pay any self-employment tax Alexis I would say this anybody watching right now if you had a small business last year and You had a gain you would have probably already reported that on your taxes or you will But let's say you didn't have any income yet. You just had expenses last year. You should carry those forward to 2019 so think of it this way you were in start-up mode and I don't know Alexis if this was your situation but anybody if you had expenses in 2018 but no income Then what you do is you put these expenses in a start-up bucket We call it a startup and you carry it forward into 2019. So when you make money this year I reported on your taxes So Alexis, if you didn't have any income, there's no self-employment tax if you already filed There you're fine If it may be too late, just carry those costs into 2019 And the last thing she said is she's gonna go open up an IRA this weekend and then amend her tax return I think that's great Some you might even qualify to put money in an HSA and then take it right back out and reimburse yourself for medical expenses I love that idea. Okay, we'll just do two or three more questions and wrap it up. What do we got Mallory shrink shrink? Okay Okay, shrink says, how long do I have to amend my return if I set up an IRA this weekend And want to get the deduction for 2018 Okay, everybody by the way, I'm gonna tell you how to get these books here in two seconds Shrink everybody listening if you open an IRA in the next four days Then you get over to tax layer And you do your amended return on your own or you go down to H&R Block or whatever I if you're going online I love the tax layer strategy, but if you're gonna go amend your return Believe it or not shrink you have up to three years now I'm not gonna recommend that Go open up your IRA this weekend and amend your tax return in two weeks because you want to get your refund Because if you're gonna open up an IRA and get an extra tax deduction, that means you're in for a chip chain refund So let's get your return filed right away But to be honest with you you have up to three years, but don't do that file it right away Um, okay now to win this book and Rosalie She is going to give away these books tomorrow morning. Do you want to run out and tell everybody? No, she's staying back there Okay. Okay, Rosalie is gonna give these away. All you have to do is share this video So if you want to share this on YouTube on your on Facebook do so and Rosalie will enter you into a contest I will sign these and personally autograph them. I'll say anything you want on there that you're amazing and just a great person Whatever you want and then she's gonna mail in to you free tomorrow Now if you can subscribe to my youtube channel and hit the bell that would be every time I go live or shoot a new video you get it and Give it a like and a thumbs up. I would be so grateful and if you get over to Facebook and follow me, I Do daily tips daily strategies daily videos and give you updates whenever we do things and I've got our weekly newsletter That's free. You can get to that down below as well. And I've got merchandise and products and books and all that good stuff Okay, now last question or to Chris and then we're gonna take it home people isn't this exciting that's tax weekend This is better than the Final Four Okay, I'm trying to sell taxes. It's okay Okay, Chris asked a great question He goes first can I have multiple escorts and he goes if all these LLC's are going to my S Corp How does this work? Okay, I'm gonna slow down here. I get excited. I love this So I'm gonna talk a little slower and a little quieter now. Here's how I do this This is really important if those of you that stuck with me, this is the technical stuff If Chris just has a plane owed LLC unless say he's selling a product or a service online. He's doing realtor He's a plumber. He's an electrician. He's hanging drywall He's an affiliate marketer on internet for Amazon. Don't care. Let's say he brings in a hundred grand He spends 25 grand on expenses cellphone home office internet computers a drone whatever in he nets 75 grand now for any of you watching that would normally go on a Schedule E on your 1040 You've got an LLC. You're a hundred percent owner. I call this a single-member LLC and you may think you're saving taxes, but you're not LLC's do not save taxes. So on this 75 grand Chris is gonna pay 0.15 3 in taxes right off the top that's for FICA Social Security and Medicare that's going to be a $10,000 bill Right off the top then he's gonna spay state taxes. If he's not in one of the nine states that don't have state tax He's gonna pay state tax then he's gonna pay federal tax. He's gonna get hit three times Ugly, so what we do is we set up an S corporation The S corporation same man, same write-offs you get the same write-offs people Oftentimes it's the same cost to set up to bring in a hundred spend twenty five net 75 Now look at this. No self-employment tax no corporate tax No, this this is crazy and no Obamacare. This is just nuts, right? But some of you are watching and going : mark, you can't do that. You've got to take a salary and that's right You've got to take a reasonable Salary out of your S corp and s corpse really start kicking butt when you're making about 30 grand or more now in this example of $75,000 I Don't want to be too aggressive, but I'll just do this for the point of making sense of this. I'm gonna probably take 25,000 as a w-2 and 50,000 as a k1 What I've done is split the income and so using my red pen here. What you've done is made the same 75,000 I've made the same $75,000, but I'm taking it in two pieces. So the w-2 only pays FICA This is why s port S corporations kick butt because I don't pay self-employment tax corporate tax or Obamacare on $50,000 guys you made the same amount of money. You just have to file an S corp tax return and take a w-2 Yeah, look at this the numbers fifteen percent on $50,000 you're gonna save approximately 7,500 if you think I'm too aggressive fine, we'll take a little more salary. You're gonna say $5,000 in self-employment tax that's why we do s corpse now hear me out What's cool here is you'll say well mark. I gotta do a tax return for the S Corp I got to do payroll and I live in California It's $800 a year. It sucks. You're stupid. I'm just gonna do an LLC or a Noah's that no LLC at all Okay now hold it you're right You're gonna pay a couple grand a year to do a tax return and set your damn S corp up But let me now this is really hard math. Now. Let me see if you guys can do this math. This is hard Spend two thousand say five now hold it. I know this is hard man Spend two thousand save five thousand. I know that's hard You save freaking money doing an escort the more money you make the more you save So Sean says mark, I've got all these partnerships I'm mark Kohler here. I've got one S corp in my life It owns part of a law firm part of an accounting firm part of a real estate deal. I sell my books I sell You know clothing online. I don't I'm just joking. I've got all these LLC's and I've got partners in a lot of those But my share of the profit drops into my S corp and then I save that's why we do it Sean You have one S corp no partners The only partner I'm gonna allow is your spouse and if you're single it's just you but if you're married I put both husband and wife in the S corp and I'm just getting started guys. I have 25 tax strategies I teach my team on a regular basis. We've got 55 people in my accounting firm doing taxes all around the country We've got over 30 people in my law firm with five or six lawyers ten CPAs. I'm not just a one-man show We're helping people save taxes build their wealth and protect it I'm not selling anything like a investment here or some boot camp in Vegas for five grand We just do basic tax returns We set up entities don't go online and set up your entity get a consult if you don't have a tax advisor in your life Start following my newsletter get my videos Just read my freaking book go online If you want to do your tax return go over to tax lair and knock it out But if you've got a more complicated tax return give us a call. That's all I'm saying There's no other major sales pitch and if you want to self-direct your Roth or your 401k do it But I'm not selling your crap to in there Invest in what? You know best guys the American Dream is real and I just love it and I love Main Street And I hate freaking Wall Street So I'm gonna be here every week trying to make your life a little better and I appreciate the follows and the likes and if you enjoy this share it with your friends and family if you don't have a CPA or A lawyer helping you in your life. Give us a shot. Boom. There you go. Drop the pen. We're done I'm out of here. See you next week