Earl V. MeisterSentry Method is an unbelievably simple system that teaches you how to conquer your worst self-sabotaging habits. The concept might sound outlandish, but the reviews are overwhelmingly positive and people who have tried it swear by its effectiveness.
Jeffrey Cooper is a lawyer who specializes in personal injury cases. He has been practicing law for over 20 years and has represented people from all walks of life.
Sentry Law, Wealth, and Tax is owned by Jeffrey M. Cooper. He is a CPA and a tax attorney. He promises in a YouTube commercial I recently saw that he can help you save $22,000 on taxes per year. Perhaps even more. You are not required to modify your company or take any risks. You can start saving money using only a few IRS “safe harbor” tactics that take less than thirty days to execute. This year, and each year after that. Continue reading to learn more about 1040 Experts.
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How can Jeff be so certain that every small company owner who sees his advertisement is overpaying their tax bill by $22,000 or more each year? He cites the findings of the Treasury Inspector General for Tax Administration (TIGTA), which indicated that 93% of company owners examined had payed their taxes. This conclusion is supported by Jeff’s experience dealing with thousands of customers. Last year, he saw an average of $22,000 in sales.
You must have an established company that generates at least $75,000 in profit each year for this to apply to you. You must have the power to make choices in the company. Even if you currently have a CPA or attorney you like, you should consider getting a second opinion. If that’s the case, there are six crucial tax factors Jeff recommends you look into.
The first step is to set up a legal entity. Has the most cost-effective tax system been selected? The second step is to maximize deductions. Have you taken use of all legal deductions? Including arcane tax breaks buried deep in the code? Separation of income streams is the third step. Are you reimbursing yourself in the most efficient manner possible? The fourth option is to delay taxes for decades. Do any of your transactions fall under this category?
The fifth category is trusts. Do your long-term plans and asset preservation objectives coincide with the benefits of a trust? The sixth and last step is to prepare for capital gains and exit alternatives. When you pay out your assets, do you make deliberate and planned exits? You could already have one or two of the six optimized, but Jeff can nearly promise there’s space for improvement. To the tune of tens of thousands of dollars, if not hundreds of thousands of dollars.
According to Jeff, there is a significant distinction between tax preparation (which is what most CPAs perform) and tax planning (what he does). Tax preparation takes a more proactive approach. It’s searching for legal methods to reduce your future tax bill throughout the year. It will only take a few hours a year to do your part if you’re working with a seasoned practitioner like Jeff. “The unfortunate reality is that 90% of all CPAs get all of their training on tax compliance rather than tax planning,” he adds.
You may be able to retain an additional five or six figures every year as a result of the difference. Will these tactics put you at a higher risk of getting audited? Jeff is pessimistic. The IRS has already approved everything he recommends. His approaches are straightforward, solid, and backed up by government laws and regulations. Jeff only works in black and white; nothing he makes is gray. If you’d like to learn more, contact Jeff at Sentry Law dot com for a free consultation.
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Katie Smith: Watch this brief video if you want someone who will tell it like it is, respect your time, and show you a company that could really work for you.
Earl V. Meister