All ABout Taxes

09/09/2023

Loans taken from your policy ARE NOT TAXED🚨. (See section 7702 of the Internal Revenue Code):

1. Earned Income 💵 - This is money that you earn by working, including wages, salaries, and bonuses.

2. Passive Income 🏠 - This would be the type of income you receive from renting or leasing a property.

3. Portfolio Income 📈 - This comes in the form of interest and dividends.

Since loans against your permanent policy are not earned, passive, or portfolio income, the money is yours tax-free. Although the insurance company does not require you to pay back any loans during your lifetime (because any loan balances are cleared away when the death benefit is ultimately paid), you can pay back some or all of the loan if you choose.

06/06/2023

https://youtu.be/vF069x27pGY

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05/18/2023

https://youtu.be/DjPp26UlrGM

01/26/2023

Your 401k’s and IRA’s are loaded with TAXES at the back-end! What can you do to avoid paying unnecessary taxes?

01/25/2023

Looking for help to do your taxes this year? Go search and find me on the RPO Preparer Directory of the IRS. Click the link below:

https://irs.treasury.gov/rpo/rpo.jsf

01/25/2023

You can search for my last name (Dayuta) in the Directory of Federal Tax Return Preparers with Credentials and Select Qualifications

01/15/2023

Don’t do your Taxes! Come to me and we’ll do it right!

01/14/2023

https://youtu.be/NTZa9mTluGc

Wouldn't it make sense to pay taxes on the lowest number possible?In this educational video, I am going to talk about how to use a strategic rollout to pay l...

01/14/2023

You need to get the money out of those IRA’s or 401k’s sooner than later. Check-out doing a strategic rollout over the next three to four years or else, you’re gonna regret it. You may kick yourself for not getting money out in the lowest tax rate you’ll likely ever see again.

01/12/2023

Losing value of your serious money in your 401(k), IRA and waiting for the market to rebound? Why not ride the market back-up tax-free? DM me to show you how.

Time is running out.....Get taxes done sooner than later.In this educational video, I am going to talk about how to complete a strategic rollout to pay less ...

01/09/2023

Would you rather pay low tax rates on less money today? Or wait and pay a higher tax rate on a larger sum of money later?

I just had an epiphany! As a tax acountant, I was myopic for only considering how I’m able to help clients reduce their taxes during the current tax year but in doing so, they’ll have to pay more taxes in the future.

Schedule your free consultation no obligation appointment and I’m going to talk about why you should not kick yourself for not taking the strategic rollout when account values and tax rates are lower.

You will also see why it’s in your best interest to speak to a properly trained IUL specialist about your financial future.