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The Wealth Planning Podcast with Brister Law
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77 episodes
1 week ago
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Episodes (20/77)
The Wealth Planning Podcast with Brister Law
Why Does The IRS Treat Real Estate Differently | Tax Saving Real Estate Strategies | 2026
This video is for business owners, W-2 income earners, and real estate investors who want to understand why real estate plays by a completely different set of tax rules and how people who understand those rules are legally eliminating massive amounts of taxable income. The IRS does not treat real estate like stocks, wages, or most other investments. Inside the tax code are specific provisions that allow certain real estate activities to generate losses that can offset active income when structured correctly. Most taxpayers never hear about these strategies because they require deeper planning, documentation, and an understanding of how multiple rules work together. In this video, we break down how real estate is treated differently under the tax code and walk through advanced strategies investors are using to wipe out five and six figures of taxable income while staying compliant with IRS rules. What You’ll Learn • Why the tax code gives real estate special treatment• How passive loss rules work and when they do not apply• How the short-term rental loophole allows certain rentals to be treated as non-passive• Material participation rules and how investors qualify• Partial asset dispositions and how they unlock additional deductions• How depreciation, cost segregation, and accelerated write-offs fit into real estate planning• Strategies most taxpayers never hear about because they require proactive structuring Key Concepts We Cover • Why real estate losses are treated differently than losses from other investments• How informed investors legally offset W-2 and business income• Average stay rules and when short-term rentals qualify for special treatment• The importance of documentation, hours tracking, and operational structure• Common mistakes that trigger audits or disallowed deductions Why This Matters Real estate offers some of the most powerful tax advantages in the entire tax code, but those benefits are not automatic. Misunderstanding material participation, average stay rules, or depreciation strategies can cost investors tens of thousands in lost deductions or expose them to unnecessary audit risk. When real estate is structured correctly, it becomes more than an investment. It becomes a strategic tax-planning tool. How Brister Law Firm Can Help Our team helps investors and business owners navigate advanced real estate tax strategies safely and effectively, including: • Strategic entity structuring for liability protection and tax efficiency• Guidance on IRS classification rules, material participation, and compliance• Coordination with CPAs on depreciation and cost segregation strategies• Audit risk mitigation and documentation support• Personalized planning based on income level, portfolio size, and goals Book a 15-Minute Discovery Call:https://calendly.com/admin-jhf8/15min Learn More About Our Firm:https://www.bristertaxlaw.com/ Meet Our Team:https://www.bristertaxlaw.com/our-team Follow Us for Legal and Tax Insights:LinkedIn: https://www.linkedin.com/company/the-brister-law-firm-pllc/Instagram: https://www.instagram.com/bristerlawfirm/Facebook: https://www.facebook.com/profile.php?id=100090662891712
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1 week ago
11 minutes

The Wealth Planning Podcast with Brister Law
Entity Choice and Payroll Strategies That Can Save Business Owners Thousands in Taxes | 2026
This video is for business owners, solopreneurs, and LLC members who want to understand why their current entity structure may be costing them thousands in unnecessary taxes and how to optimize their payroll to keep more profit in their pockets. The IRS does not treat all business income the same way. Inside the tax code are specific provisions regarding S Corporations that allow business owners to split their income between salary and distributions, legally avoiding a significant portion of self-employment taxes. Most taxpayers never hear about the nuances of "reasonable compensation" or the "Augusta Rule" because they require proactive planning, documentation, and a strategic understanding of how entity choices affect your bottom line. In this video, we break down how S Corporations are treated differently under the tax code and walk through advanced strategies business owners are using to save five figures in taxable income while staying compliant with IRS rules. What You’ll Learn Why entity choice is a massive tax lever: Discover how switching from a sole prop to an S Corp can drastically reduce your tax liability. The $50,000 profit threshold: Understand the general rule of thumb for when an S Corp transition finally makes financial sense. Salary vs. Distributions: Learn the "magic" of how splitting your income avoids the 15.3% self-employment tax on a portion of your earnings. The Augusta Rule: How to legally rent your home to your business for up to 14 days tax-free. The Board Meeting Strategy: Why formal documentation and annual meetings are critical for asset protection and travel deductions. Year-End Payroll Tuning: Why you must adjust your salary and distributions before December 31st to maximize savings. SALT Workarounds: A bonus strategy for high earners in high-income tax states to bypass federal deduction caps. Key Concepts We Cover Why S Corp distributions are treated differently than standard wages or sole proprietorship income. How every $10,000 shifted from salary to profit can save approximately $1,500 in taxes. The IRS "Reasonable Compensation" requirement and how to avoid the common mistakes that trigger audits. The importance of closing "zombie entities" that add cost and risk without benefit. How to use board meetings as a gateway to deductible travel and meals. Why This Matters Tax planning is about more than just saving receipts; it is about the structural choices you make for your business. Misunderstanding the timing of an S Corp election or failing to run payroll correctly can cost business owners tens of thousands in lost deductions or expose them to unnecessary audit risk. When your entity and payroll are structured correctly, your business becomes a high-performance wealth-generation tool. How Brister Law Firm Can Help Our team helps business owners navigate advanced entity and payroll tax strategies safely and effectively, including: Strategic entity structuring and S Corp elections for tax efficiency. Guidance on IRS reasonable compensation rules and payroll optimization. Implementation of the Augusta Rule and formal board meeting documentation. Cleaning up and consolidating complex or "dead" entity structures. Personalized tax strategy sessions based on your profit levels and long-term goals. Book a 15-Minute Discovery Call: https://calendly.com/admin-jhf8/15min Learn More About Our Firm: https://www.bristertaxlaw.com/ Meet Our Team: https://www.bristertaxlaw.com/our-team Follow Us for Legal and Tax Insights: LinkedIn: https://www.linkedin.com/company/the-brister-law-firm-pllc/ Instagram: https://www.instagram.com/bristerlawfirm/ Facebook: https://www.facebook.com/profile.php?id=100090662891712
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2 weeks ago
16 minutes

The Wealth Planning Podcast with Brister Law
Year-End Tax Power Moves: 25+ Strategies to Keep More Money in Your Pocket Before December 31st
Discover the exact year-end tax strategies business owners, investors, and high-income earners should be using right now before December 31st. In this episode of the Wealth Planning Podcast, Tax Attorney & Wealth Strategist Anthony Brister breaks down the most impactful moves that can reduce your April tax bill, boost wealth, and protect your assets.   We’re covering the full roadmap: entity optimization, real estate tax plays, STR loopholes, retirement and wealth systems, advanced depreciation strategies, income shifting, charitable planning, and more. If you want to legally keep more money in your pocket before year-end, this episode is your playbook.   Timestamps 0:00 – Welcome to the Wealth Planning Podcast 0:21 – Why year-end tax planning matters 0:43 – The IRS will bill you if you do nothing 1:09 – The tax code runs on deadlines 1:51 – Overview of the 5 major tax buckets 2:26 – Bucket 1: Entity optimization & payroll moves 3:21 – S-Corp elections, Augusta Rule & entity cleanup 4:01 – Bucket 2: Real estate & short-term rental strategies 4:59 – Bucket 3: Wealth & retirement planning systems 6:07 – Bucket 4: Advanced strategies, depreciation & income timing 7:13 – How to use this series + your next steps   Ready to implement these strategies? Book your year-end tax planning call with Brister Law and get your personalized tax-saving blueprint before December 31st.   Book a 15-Minute Discovery Call with Our Team: https://calendly.com/admin-jhf8/15min   Whether you’re facing a legal challenge or need guidance with tax and estate planning, we’re here to help.   Visit Our Website for More Information: https://www.bristertaxlaw.com/   Get to Know Our Team: https://www.bristertaxlaw.com/our-team   Follow Us for Legal Tips and Updates: LinkedIn: https://www.linkedin.com/company/the-brister-law-firm-pllc/ Instagram: https://www.instagram.com/bristerlawfirm/ Facebook: https://www.facebook.com/profile.php?id=100090662891712   #taxplanning #yearendtaxplanning #businesstaxes #taxtips #wealthplanning #realestateinvesting #shorttermrental #taxstrategy #entrepreneurtips #financialfreedom #wealthbuilding #SCorp #taxsavings
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4 weeks ago
7 minutes

The Wealth Planning Podcast with Brister Law
Before You Pay for a Cost Segregation Study: The Framework Every Investor Needs
Most investors hear “cost segregation” and think massive tax write-offs — but the truth is far more nuanced. In this episode, Anthony breaks down the exact framework he uses for clients and his own properties to determine when a cost segregation study is actually worth it… and when it becomes an expensive mistake. You’ll learn the three pillars that make or break a cost seg, how STR rules change the game for high-income earners, the biggest misconceptions that lead to audits, and real-world examples that saved (or cost) clients tens of thousands. Watch until the end to get access to the free Bonus Depreciation Guide.   Timestamps:0:00 – The $6,200 mistake: When a cost seg should never be done0:30 – What a cost segregation study actually is (no magic, just timing)1:14 – The three pillars that decide if a cost seg is worth it1:51 – Pillar 1: Purchase price rules that most people overlook2:51 – Pillar 2: Income level — if you can’t use the losses, don’t do it3:26 – Pillar 3: Hold strategy and why quick flips trigger recapture pain3:48 – STR vs LTR: Why short-term rentals change the entire equation4:51 – Audit risks, misconceptions, and the real dangers investors ignore5:50 – Real examples: $275K dud, $780K win, and a $1.8M home run7:01 – The 3-question checklist before doing any cost seg + free guide   Book a 15-Minute Discovery Call with Our Team: https://calendly.com/admin-jhf8/15min   Whether you’re facing a legal challenge or need guidance with tax and estate planning, we’re here to help.   Visit Our Website for More Information: https://www.bristertaxlaw.com/   Get to Know Our Team: https://www.bristertaxlaw.com/our-team   Follow Us for Legal Tips and Updates: LinkedIn: https://www.linkedin.com/company/the-brister-law-firm-pllc/ Instagram: https://www.instagram.com/bristerlawfirm/Facebook: https://www.facebook.com/profile.php?id=100090662891712 #CostSeg #RealEstateInvesting #TaxStrategy #BonusDepreciation #ShortTermRentalLoophole #RealEstateTax #WealthBuilding #STRInvestor #TaxPlanning    
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1 month ago
8 minutes

The Wealth Planning Podcast with Brister Law
Unlock the Short-Term Rental Loophole: How W2 Earners Can Slash Their Taxes
In this episode of the Wealth Planning Podcast, host Anthony Brister breaks down one of the most misunderstood—but most powerful—strategies in the tax world: the Short-Term Rental Loophole. If you're a high-income W-2 earner (doctor, attorney, engineer, etc.) who’s been told you can’t use real estate to offset taxes without becoming a full-time landlord, think again.   Timestamps: 0:00 – Welcome to the Wealth Planning Podcast 0:17 – The misunderstood short-term rental loophole 0:33 – Why STRs aren’t treated as “rental activities” 0:56 – The 7-day rule & how the IRS classifies STRs 1:25 – How to qualify for material participation 1:51 – Case study: Surgeon offsets $120K of W-2 income 2:29 – The top mistakes that kill the STR tax strategy 3:00 – How to apply for a Short-Term Rental Tax Game Plan   Book a 15-Minute Discovery Call with Our Team: https://calendly.com/admin-jhf8/15min   Whether you’re facing a legal challenge or need guidance with tax and estate planning, we’re here to help.   Visit Our Website for More Information: https://www.bristertaxlaw.com/   Get to Know Our Team: https://www.bristertaxlaw.com/our-team   Follow Us for Legal Tips and Updates: LinkedIn: https://www.linkedin.com/company/the-brister-law-firm-pllc/ Instagram: https://www.instagram.com/bristerlawfirm/ Facebook: https://www.facebook.com/profile.php?id=100090662891712   #TaxStrategy #ShortTermRentalLoophole #RealEstateTax #BonusDepreciation #CostSegregation #WealthPlanning #W2TaxStrategy #RealEstateInvesting #STRInvestor #TaxSavings #FinancialPlanning #PassiveIncomeStrategy #TaxLoopholes #CPA #WealthBuilding
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1 month ago
3 minutes

The Wealth Planning Podcast with Brister Law
7 Year-End Tax Moves Every Real Estate Investor Must Make Before December 31
Most real estate investors overpay the IRS every single year — not because they make too much money, but because they miss simple, legal moves they must take before December 31st. In this episode of The Wealth Planning Podcast, host Anthony Brister walks you through the 7 year-end tax strategies every real estate investor needs, whether you own short-term rentals, long-term rentals, or you’re just getting started. These moves can save you $10K, $20K, $50K, or more depending on your portfolio. I’m also giving you my Year-End Real Estate Tax Checklist and a free Bonus Depreciation Guide that explains everything in plain English. Don’t wait until January — by then, most tax planning opportunities are gone.   Timestamps 00:00 – Why most investors overpay taxes 00:36 – The 7 year-end moves that protect your money 01:13 – Move #1: Put your property in service before Dec 31 02:14 – Move #2: Prepay & accelerate expenses 03:00 – Move #3: Clean up your books 03:51 – Move #4: Confirm STR material participation 04:44 – Move #5: When to do (or delay) a cost segregation study 05:29 – Move #6: Review your entity structure 06:23 – Move #7: Schedule a year-end tax strategy meeting 07:15 – Why Dec 31 is a tax deadline, not just a date 07:44 – Free downloads + next steps for investors 08:04 – Final reminder: Take action now   Book your comprehensive tax & legal consultation at BristerTaxLaw.com.   Book a 15-Minute Discovery Call with Our Team: https://calendly.com/admin-jhf8/15min   Whether you’re facing a legal challenge or need guidance with tax and estate planning, we’re here to help.   Visit Our Website for More Information: https://www.bristertaxlaw.com/   Get to Know Our Team: https://www.bristertaxlaw.com/our-team   Follow Us for Legal Tips and Updates: LinkedIn: https://www.linkedin.com/company/the-brister-law-firm-pllc/ Instagram: https://www.instagram.com/bristerlawfirm/ Facebook: https://www.facebook.com/profile.php?id=100090662891712   #RealEstateTaxes #RealEstateInvesting #TaxStrategy #YearEndTaxPlanning #BonusDepreciation #ShortTermRental #STRInvesting #LongTermRental #RealEstateCPA #TaxSavings
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1 month ago
8 minutes

The Wealth Planning Podcast with Brister Law
Will vs Revocable Trust The 8 Differences That Protect Your Family and Your Time
Most people think a will protects their family — but in reality, a will forces your loved ones into probate, delays access to funds, and makes your estate public.   A properly funded revocable living trust does the opposite.   In this episode of The Wealth Planning Podcast, estate & tax attorney Anthony Brister breaks down the real differences between a will and a trust, and the exact structure that keeps your family out of court, out of conflict, and in control.   Timestamps 0:00 – Why most families misunderstand wills 0:21 – Meet Anthony Brister, Estate & Tax Attorney 0:53 – Probate vs. No Probate 1:48 – The 3 ways an estate can transfer 2:44 – Will vs. Trust: Authority & control 2:50 – The timeline & cost of probate 3:19 – Trusts vs. wills during incapacity 3:46 – Distribution options in a trust 4:32 – Real-world protections for heirs 5:15 – Privacy: Wills vs. trusts 5:41 – Why you still need a pour-over will 6:07 – Must-have estate planning documents 7:07 – Funding checklist & real-world example 7:53 – Free guide + next steps   Ready to protect your family and avoid probate? 📥 Download your free Estate Planning Guide & Funding Checklist at BristerTaxLaw.com, then schedule your fit call to get a personalized plan.   Book a 15-Minute Discovery Call with Our Team: https://calendly.com/admin-jhf8/15min   Whether you’re facing a legal challenge or need guidance with tax and estate planning, we’re here to help.   Visit Our Website for More Information: https://www.bristertaxlaw.com/   Get to Know Our Team: https://www.bristertaxlaw.com/our-team   Follow Us for Legal Tips and Updates: LinkedIn: https://www.linkedin.com/company/the-brister-law-firm-pllc/ Instagram: https://www.instagram.com/bristerlawfirm/Facebook: https://www.facebook.com/profile.php?id=100090662891712   #EstatePlanning #WillsAndTrusts #RevocableLivingTrust #AvoidProbate #FamilyProtection #TaxAttorney #WealthPlanning #TrustVsWill #LegacyPlanning #PrivateEstatePlan #ProtectYourHeirs #FinancialPlanning  
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1 month ago
8 minutes

The Wealth Planning Podcast with Brister Law
Open Enrollment 2025: What the New Laws Mean for Your Health, Taxes, and Wealth
Open Enrollment isn't just a health insurance decision — it's a tax, wealth, and protection strategy. With major updates taking effect as we move from 2025 into 2026, this year’s enrollment window is your chance to lower taxes, boost savings, and protect your family’s finances.   In this episode of The Wealth Planning Podcast, tax attorney & wealth strategist Anthony Brister explains how to take advantage of new HSA limits, self-employed premium deductions, enhanced tax credits, and plan options that could save you thousands next year.   Whether you're self-employed, a solopreneur, or choosing employer benefits — learn how to build a smart healthcare + tax plan for 2025 and beyond.   Timestamps: 0:00 — Why Open Enrollment Matters More This Year 0:20 — 2025 → 2026 Law Changes & Tax Impacts 1:03 — HSA & FSA Contribution Updates 1:40 — Gig Worker & Marketplace Deduction Rules 2:07 — Why This Year Has the Biggest Financial Leverage 2:25 — Strategy for W-2 Employees 3:07 — Strategy for Solopreneurs & Small Business Owners 4:02 — High Deductible vs Low Deductible Plans Explained 6:20 — Medical Expense Deductions & IRS Pub 502 7:28 — Hidden Tax Opportunities Most People Miss 8:34 — Final Strategy Recap + Avoiding Common Mistakes   Ready to align your open enrollment choices with your tax and wealth strategy? Schedule a Discovery Call ➜ bristertaxlaw.com   Book a 15-Minute Discovery Call with Our Team: https://calendly.com/admin-jhf8/15min   Whether you’re facing a legal challenge or need guidance with tax and estate planning, we’re here to help.   Visit Our Website for More Information: https://www.bristertaxlaw.com/   Get to Know Our Team: https://www.bristertaxlaw.com/our-team   Follow Us for Legal Tips and Updates: LinkedIn: https://www.linkedin.com/company/the-brister-law-firm-pllc/ Instagram: https://www.instagram.com/bristerlawfirm/ Facebook: https://www.facebook.com/profile.php?id=100090662891712   #OpenEnrollment2025 #TaxPlanning #WealthStrategy #HSA #FSA #SelfEmployedTaxes #SolopreneurLife #FinancialPlanning #HealthInsurance #TaxAttorney #SmallBusinessOwner #RetirementPlanning #CashFlowStrategy
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2 months ago
9 minutes

The Wealth Planning Podcast with Brister Law
How to Turn Your Home Office Into a Tax Deduction
If you’re building your business from home — your kitchen table, spare bedroom, or even a converted closet — you could be leaving free money on the table at tax time. In this episode of The Wealth Planning Podcast, Tax Attorney Anthony Brister breaks down how the Home Office Deduction really works, who qualifies, and how to take it the right way without fear of an audit. Learn how to document, calculate, and legally maximize this powerful small business deduction.   Timestamps: 0:00 – The truth about working from home and taxes 0:15 – Why your home space could pay you back at tax time 0:30 – The power of the home office deduction 0:55 – The biggest myth: “It’s an audit flag” 1:14 – The golden rule: regular and exclusive use 1:58 – Simplified vs. actual expense methods explained 3:18 – What the IRS really looks for: records, not targets 4:12 – Who qualifies for the home office deduction 4:39 – The S-Corp reimbursement strategy (accountable plan) 5:05 – The bottom line: make your home work for you   Don’t leave money on the table. Visit bristertaxlaw.com to schedule a free discovery call and uncover hidden deductions in your business today.   Book a 15-Minute Discovery Call with Our Team: https://calendly.com/admin-jhf8/15min   Whether you’re facing a legal challenge or need guidance with tax and estate planning, we’re here to help.   Visit Our Website for More Information: https://www.bristertaxlaw.com/   Get to Know Our Team: https://www.bristertaxlaw.com/our-team   Follow Us for Legal Tips and Updates: LinkedIn: https://www.linkedin.com/company/the-brister-law-firm-pllc/ Instagram: https://www.instagram.com/bristerlawfirm/ Facebook: https://www.facebook.com/profile.php?id=100090662891712   #HomeOfficeDeduction #TaxStrategy #SmallBusinessTaxes #WealthPlanningPodcast #TaxAttorney #EntrepreneurFinance #TaxSavings #WorkFromHome #BusinessTips #TaxPlanning #BristerLaw #EntrepreneurWealth
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2 months ago
6 minutes

The Wealth Planning Podcast with Brister Law
First-Time Penalty Abatement: Your IRS Reset Button
In this episode of The Wealth Planning Podcast, Tax Attorney and Wealth Advisor Anthony Brister breaks down one of the IRS’s best-kept secrets — the First-Time Penalty Abatement (FTA). If you’ve ever been hit with tax penalties for filing late, missing a payment, or falling behind on payroll taxes, this simple IRS provision could save you thousands. Anthony explains what the FTA is, how it works, who qualifies, and how to request it — whether you’re an individual taxpayer or a business owner. Learn how one of his clients got $14,000 in IRS penalties completely wiped out, and how you can use this same strategy to get a financial reset. 💡 Don’t give away money you don’t owe — learn how to ask for what you qualify for.   Timestamps 0:00 – Welcome to The Wealth Planning Podcast 0:19 – What is the First-Time Penalty Abatement? 0:48 – Real client story: $14,000 in penalties erased 1:44 – The IRS’s “hall pass” explained 2:40 – Why the IRS doesn’t advertise this 3:11 – Three ways to request a First-Time Abatement 4:00 – Bonus tip: Refunds after you’ve already paid 4:25 – Eligibility for individuals and businesses 4:49 – Life happens — and the IRS offers grace 5:09 – Don’t pay blindly: Check if you qualify 5:20 – Final thoughts and how The Brister Law Firm can help   If you’re facing IRS penalties, don’t pay more than you have to. 👉 Schedule a Discovery Call with The Brister Law Firm today to see if you qualify for penalty relief and to build your tax strategy for the future.   Book a 15-Minute Discovery Call with Our Team: https://calendly.com/admin-jhf8/15min   Whether you’re facing a legal challenge or need guidance with tax and estate planning, we’re here to help.   Visit Our Website for More Information: https://www.bristertaxlaw.com/   Get to Know Our Team: https://www.bristertaxlaw.com/our-team   Follow Us for Legal Tips and Updates: LinkedIn: https://www.linkedin.com/company/the-brister-law-firm-pllc/ Instagram: https://www.instagram.com/bristerlawfirm/ Facebook: https://www.facebook.com/profile.php?id=100090662891712   #TaxAttorney #WealthPlanningPodcast #IRSPenaltyRelief #TaxStrategy #FirstTimeAbatement #BusinessTaxes #TaxTips #AnthonyBrister #BristerLaw #WealthBuilding
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2 months ago
5 minutes

The Wealth Planning Podcast with Brister Law
The Most Overlooked Real Estate Tax Strategy You’ve Never Heard Of (and Can’t Fix Later)
If you’ve ever replaced a roof, HVAC, or remodeled a kitchen in your rental property, you might’ve unknowingly thrown away thousands in tax deductions — permanently. Most investors miss this strategy because they or their CPAs never make the Partial Asset Disposition (PAD) election. Once the tax year closes, you can’t amend it, and the deduction is gone forever. In this episode of The Wealth Planning Podcast with Brister Law, host Anthony Brister breaks down how PADs work, how to claim them, and how to combine them with cost segregation and bonus depreciation to legally double dip and compound wealth over time. Learn how to avoid paying taxes on “ghost” assets that don’t even exist — and make sure your CPA isn’t leaving money on the table.   Timestamps 0:00 — The tax mistake costing real estate investors thousands 0:36 — Forget flashy loopholes — this applies to everyone 1:00 — The client who owned “three roofs” on one property 2:38 — What is a Partial Asset Disposition (PAD)? 3:40 — Why most CPAs miss it (and why you can’t fix it later) 5:00 — Step-by-step: How to claim a PAD correctly 6:16 — How PADs compound wealth over decades 6:38 — The “double dip” with PAD + cost segregation 7:38 — Case study: $26K HVAC replacement turns into $9K tax savings 8:19 — Cleaning up your depreciation schedule (avoid recapture!) 9:06 — Final call: Review your 2024 return before it’s too late   If you’ve replaced a roof, HVAC, or other major component in your rental property, book a Tax Strategy Review Call at bristertaxlaw.com We’ll review your depreciation schedule, identify missed PAD opportunities, and make sure your 2024 tax return captures every dollar you’ve earned. Don’t wait — once the year closes, you can’t fix it.   Book a 15-Minute Discovery Call with Our Team: https://calendly.com/admin-jhf8/15min   Whether you’re facing a legal challenge or need guidance with tax and estate planning, we’re here to help.   Visit Our Website for More Information: https://www.bristertaxlaw.com/   Get to Know Our Team: https://www.bristertaxlaw.com/our-team   Follow Us for Legal Tips and Updates: LinkedIn: https://www.linkedin.com/company/the-brister-law-firm-pllc/ Instagram: https://www.instagram.com/bristerlawfirm/ Facebook: https://www.facebook.com/profile.php?id=100090662891712   #RealEstateTaxes #TaxStrategy #CostSegregation #PartialAssetDisposition #RealEstateInvesting #WealthPlanning #TaxAttorney #PassiveIncome #TaxSavings #BristerTaxLaw
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2 months ago
10 minutes

The Wealth Planning Podcast with Brister Law
Your LLC Is Useless in Court (Unless You Do THIS) | Business Asset Protection 101
Most business owners think their LLC protects them, but one mistake can cost you everything. In this episode of The Wealth Planning Podcast, host Anthony Brister breaks down the 5 most common mistakes that pierce the corporate veil, shares a real case where an entrepreneur lost it all, and give you the exact steps to make sure your LLC actually works. Don’t let sloppy bookkeeping, missing agreements, or poor structure put your business and personal assets at risk. If you’ve never had your LLC audited, this could be the most important 10 minutes you watch this year.   Timestamps: 0:00 – Why your LLC won’t protect you 0:20 – How personal expenses destroy your LLC protection 0:47 – Companies that vanish in court overnight 1:02 – The 5 ways your LLC fails you 1:41 – The biggest myths about LLCs 2:30 – The silent killers that pierce the veil 3:20 – Mistake #1: Commingling funds 3:45 – Mistake #2: No operating agreement 5:09 – Real case study: Jamie lost everything 6:30 – The roadmap to bulletproof your LLC 9:01 – Free entity risk assessment offer   👉 Protect your business before it’s too late. Schedule your free entity risk assessment audit today at bristertaxlaw.com or DM me the word AUDIT on Instagram.   Book a 15-Minute Discovery Call with Our Team: https://calendly.com/admin-jhf8/15min   Whether you’re facing a legal challenge or need guidance with tax and estate planning, we’re here to help.   Visit Our Website for More Information: https://www.bristertaxlaw.com/   Get to Know Our Team: https://www.bristertaxlaw.com/our-team   Follow Us for Legal Tips and Updates: LinkedIn: https://www.linkedin.com/company/the-brister-law-firm-pllc/ Instagram: https://www.instagram.com/bristerlawfirm/ Facebook: https://www.facebook.com/profile.php?id=100090662891712   #LLCprotection #piercethecorporateveil #LLClawsuit #S-Corpmistakes #businessstructure #assetprotection #howtoprotectyourbusiness #legalzoomLLC #holdingcompany #businesslawsuit #LLCstrategy #businessownerlegaladvice
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3 months ago
10 minutes

The Wealth Planning Podcast with Brister Law
10/15 Personal Tax Deadline — What You Can Still Do to Save
October 15th isn’t just another date on the calendar—it’s the final personal tax deadline if you filed an extension. In this episode of The Wealth Planning Podcast with Brister Law, host Anthony Brister break down what you can still do (even days before) to save money, avoid penalties, and set yourself up for a stronger 2026 tax season. From penalty abatements to retirement contributions and last-minute deductions, I’ll show you the exact strategies that can put thousands back in your pocket before the IRS locks you in.   Timestamps 0:00 – Why October 15th matters0:20 – Extension trap: file vs. pay1:20 – Client story: $7K penalty wiped2:30 – Penalty abatement strategies3:00 – Retirement contributions up to $66K4:06 – Charitable giving the right way5:05 – Cleaning up business expenses6:00 – Mileage, HSA, and missed deductions7:00 – Self-employed health insurance premiums7:55 – Education credits most people miss9:00 – Don’t rush and overpay the IRS10:00 – October as a launchpad for 2026   Don’t leave money on the table. Book your tax strategy session before October 15th and take control of your tax season. DM me “Penalty” on Instagram or click the link in the description to get started.   Book a 15-Minute Discovery Call with Our Team: https://calendly.com/admin-jhf8/15min   Whether you’re facing a legal challenge or need guidance with tax and estate planning, we’re here to help.   Visit Our Website for More Information: https://www.bristertaxlaw.com/   Get to Know Our Team: https://www.bristertaxlaw.com/our-team   Follow Us for Legal Tips and Updates: LinkedIn: https://www.linkedin.com/company/the-brister-law-firm-pllc/ Instagram: https://www.instagram.com/bristerlawfirm/ Facebook: https://www.facebook.com/profile.php?id=100090662891712   #TaxDeadline #TaxPlanning #October15 #IRS #TaxStrategy #PenaltyAbatement #SmallBusinessTaxes #WealthPlanning #TaxTips #BristerLaw
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3 months ago
11 minutes

The Wealth Planning Podcast with Brister Law
It’s After the 9/15 Business Deadline… Now What?
Missed the September 15th business tax deadline? You’re not lazy—you’re overwhelmed. The truth is, you still have options to wipe penalties, reclaim deductions, and restructure your strategy before October 15th and even beyond. In this episode of The Wealth Planning Podcast, Attorney & Tax Strategist Anthony Brister breaks down how entrepreneurs can reset, rebuild, and take control of their financial year instead of letting the IRS call the shots.   Timestamps: 0:00 – Opening: “If you missed the 9/15 deadline for your business taxes…” 0:20 – Addressing overwhelmed entrepreneurs: “This episode is for the high performers who feel behind…” 0:49 – Talking penalties: “September 15th was a federal filing deadline…” 1:22 – Explaining why deadlines are missed: “You didn’t miss a deadline because you’re careless…” 2:01 – First-time penalty abatement: “If the answer is no, then congratulations…” 2:45 – Opportunities before Oct 15: “From now until October 15th, the tax return is moldable…” 3:49 – Proactive tax planning: “You need to be proactive, not reactive…” 4:39 – Client success story: “I had a dentist come to me with a profitable practice…” 5:46 – IRS clock and opportunity: “You wouldn’t wait until the final minute to invest in your business…” 6:15 – CTA: “Book now at bristertaxlaw.com…”   Don’t wait—book your Discovery Call and let’s build a strategy before the year closes!   Book a 15-Minute Discovery Call with Our Team: https://calendly.com/admin-jhf8/15min   Whether you’re facing a legal challenge or need guidance with tax and estate planning, we’re here to help.   Visit Our Website for More Information: https://www.bristertaxlaw.com/   Get to Know Our Team: https://www.bristertaxlaw.com/our-team   Follow Us for Legal Tips and Updates: LinkedIn: https://www.linkedin.com/company/the-brister-law-firm-pllc/ Instagram: https://www.instagram.com/bristerlawfirm/ Facebook: https://www.facebook.com/profile.php?id=100090662891712   #TaxStrategy #BusinessTaxes #EntrepreneurFinance #MissedDeadline #TaxPlanning #SmallBusinessTips #WealthBuilding #IRSHelp #MoneyMoves #TaxRelief #TaxDeadlines
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3 months ago
7 minutes

The Wealth Planning Podcast with Brister Law
Profitable on Paper, Broke in Real Life: The Cash Flow Trap
Are you profitable on paper but broke in real life? You’re not alone. In this episode of the Wealth Planning Podcast, Anthony Brister breaks down why your P&L doesn’t tell the whole story, why cash flow is king, and how to fix the money leaks in your business. Learn how to track surplus, pay yourself first, build reserves, and finally take control of your finances so your hard work actually shows up in your bank account.   Timestamps:0:00 – Why profit doesn’t equal money in the bank0:53 – The myth of being “profitable on paper”1:27 – Where your money really goes (and why it feels missing)2:18 – The real issue: broken money systems, not a broken business2:57 – Profit is a number, wealth is behavior3:45 – The debt snowball: building momentum through wins4:39 – Client story: $300K income, $1,500 in the bank → $18K buffer5:05 – Why net worth is your real scorecard5:24 – Stop scaling income before fixing the leaks6:02 – Action list: cash flow forecast, personal financial statement, and paying yourself   DM me broketobuilt on Instagram to grab my free cash flow template and personal financial statement builder. Or join my email list at bristertaxlaw.com for weekly strategies that actually move the needle.   Book a 15-Minute Discovery Call with Our Team: https://calendly.com/admin-jhf8/15min   Whether you’re facing a legal challenge or need guidance with tax and estate planning, we’re here to help.   Visit Our Website for More Information: https://www.bristertaxlaw.com/   Get to Know Our Team: https://www.bristertaxlaw.com/our-team   Follow Us for Legal Tips and Updates: LinkedIn: https://www.linkedin.com/company/the-brister-law-firm-pllc/ Instagram: https://www.instagram.com/bristerlawfirm/ Facebook: https://www.facebook.com/profile.php?id=100090662891712   #CashFlow #BusinessFinances #ProfitVsCash #EntrepreneurMoney #WealthPlanning #TaxStrategy #SmallBusinessOwner #MoneySystems #FinancialClarity
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3 months ago
7 minutes

The Wealth Planning Podcast with Brister Law
The #1 Tax Planning Mistake That’s Costing Business Owners Thousands
Most people think April is tax season—but by then, it’s too late. April is just filing season. True wealth is built by planning before December 31st, not scrambling with a shoebox of receipts in April. In this episode of The Wealth Planning Podcast, Anthony Brister, tax and asset protection attorney, breaks down why wealthy people plan early, the costly mistakes of waiting, and how proactive strategies like cost segregation, Roth conversions, and proper entity structuring can save you tens of thousands of dollars. Don’t wait until the IRS tells you how much you owe. Take control, play offense, and keep more of what you earn.   Timestamps 0:00 – The biggest tax planning question: When do the wealthy plan? 0:11 – Why April is not “tax season” but filing season. 0:44 – Filing is history; planning is strategy. 1:29 – Chaos box of receipts vs. proactive digital planning. 2:14 – The dangers of waiting: lost deductions and missed strategies. 3:00 – Filing ≠ planning: why April planning fails. 3:41 – Procrastination is a hidden tax. 4:01 – Case study: two clients, same income—$30K tax swing. 5:58 – April is for amateurs; December is for professionals. 7:03 – Why the IRS loves procrastinators (and how to stop funding them).   Book a 15-Minute Discovery Call with Our Team: https://calendly.com/admin-jhf8/15min   Whether you’re facing a legal challenge or need guidance with tax and estate planning, we’re here to help.   Visit Our Website for More Information: https://www.bristertaxlaw.com/   Get to Know Our Team: https://www.bristertaxlaw.com/our-team   Follow Us for Legal Tips and Updates: LinkedIn: https://www.linkedin.com/company/the-brister-law-firm-pllc/ Instagram: https://www.instagram.com/bristerlawfirm/ Facebook: https://www.facebook.com/profile.php?id=100090662891712   👉 Don’t wait until April. Schedule your free discovery call today at bristertaxlaw.com and learn how proactive tax planning can save you thousands. April is for paperwork. Now is for planning.   #TaxPlanning #BusinessOwners #TaxStrategy #WealthBuilding #TaxSeason #EntrepreneurTips #RealEstateInvesting #SmallBusiness #FinancialFreedom #ProactivePlanning #SaveOnTaxes #TaxAttorney
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4 months ago
8 minutes

The Wealth Planning Podcast with Brister Law
Choosing the Right Business Entity: LLC vs S-Corp vs C-Corp
Choosing the wrong business entity could cost you six figures in taxes or lawsuits. In this episode of The Wealth Planning Podcast, Tax Attorney Anthony Brister breaks down the pros and cons of LLCs, Partnerships, S Corps, and C Corps. Learn how the right entity protects your assets, reduces taxes, and positions you for growth. Whether you’re just starting out or scaling, this guide will help you avoid costly mistakes and maximize your profits.   Timestamps: 0:00 – The cost of choosing the wrong entity 0:37 – Why entity selection matters for taxes & lawsuits 0:51 – Client story: sole proprietorship wiped out by lawsuit 1:31 – Partnerships: benefits and risks you didn’t know 2:33 – Why LLCs are the “Swiss Army knife” of entities 3:31 – Common myth: LLCs don’t save taxes by themselves 4:16 – S Corps: the tax loophole that saves thousands 5:33 – C Corps: when they make sense and when they don’t 6:47 – Matching the right entity to your income & goals 8:01 – Busting myths about LLCs, S Corps, and C Corps   Book a 15-Minute Discovery Call with Our Team: https://calendly.com/admin-jhf8/15min   Whether you’re facing a legal challenge or need guidance with tax and estate planning, we’re here to help.   Visit Our Website for More Information: https://www.bristertaxlaw.com/ Get to Know Our Team: https://www.bristertaxlaw.com/our-team   Follow Us for Legal Tips and Updates: LinkedIn: https://www.linkedin.com/company/the-brister-law-firm-pllc/ Instagram: https://www.instagram.com/bristerlawfirm/ Facebook: https://www.facebook.com/profile.php?id=100090662891712   #BusinessEntity #LLC #SCorp #CCorp #SmallBusinessTips #Entrepreneurship #BusinessLaw #TaxStrategy #AssetProtection #AnthonyBrister
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4 months ago
9 minutes

The Wealth Planning Podcast with Brister Law
5 Tax Moves You Must Make Before September 15th – Stop Overpaying the IRS
September 15th isn’t just another date—it’s the real tax deadline that can save (or cost) business owners thousands. In this episode of The Wealth Planning Podcast, Anthony Brister, founder of The Brister Law Firm, reveals the 5 critical tax strategies you need to implement before the deadline. From cleaning up messy books to optimizing S-Corp salaries, adjusting estimated payments, and leveraging retirement contributions, this is your step-by-step playbook to legally keep more money in your pocket. Don’t let procrastination turn into regret—the IRS doesn’t wait.   Timestamps: 0:00 – The September 16th nightmare: unexpected tax bill 1:19 – Why September 15th is more important than April 15th 2:05 – Mistake #1: Messy or incomplete books 3:59 – Strategic buying vs. panic spending for deductions 5:33 – Mistake #2: Wrong S-Corp salaries (and how to fix them) 6:12 – Mistake #3: Ignoring estimated tax payments 6:43 – Mistake #4: Filing without a pro review (hidden savings missed) 7:13 – The QBI deduction and payroll/retirement strategies 7:39 – Why September 15th is a tax guillotine 8:36 – Recap: The 5 moves to lock in before the deadline 8:58 – Call to action: Fix it now before regret sets in   Book a 15-Minute Discovery Call with Our Team: https://calendly.com/admin-jhf8/15min   Whether you’re facing a legal challenge or need guidance with tax and estate planning, we’re here to help.   Visit Our Website for More Information: https://www.bristertaxlaw.com/   Get to Know Our Team: https://www.bristertaxlaw.com/our-team   Follow Us for Legal Tips and Updates: LinkedIn: https://www.linkedin.com/company/the-brister-law-firm-pllc/ Instagram: https://www.instagram.com/bristerlawfirm/Facebook: https://www.facebook.com/profile.php?id=100090662891712   #TaxStrategies #September15Deadline #BusinessTaxes #WealthPlanning #TaxSavings #EntrepreneurTips #TaxPlanning #FinancialFreedom #SoleProprietor #SmallBusinessTax        
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4 months ago
9 minutes 24 seconds

The Wealth Planning Podcast with Brister Law
REPS VS The Short-Term Rental Loophole
In this episode of The Wealth Planning Podcast with Brister Law, Anthony Brister breaks down two powerful tax strategies—Real Estate Professional Status (REPS) and the Short-Term Rental (STR) Loophole. He explains how each works, who qualifies, common pitfalls, and real client case studies where one strategy saved over $92,000 in taxes. Whether you’re a full-time real estate investor or a W-2 employee exploring short-term rentals, this episode will help you determine which approach best fits your situation and how to maximize tax savings without falling into IRS traps.   Timestamps: 0:00 – REPS vs. STR loophole: which is better? 0:22 – Introduction to Anthony Brister and the Wealth Planning Podcast 0:39 – Real Estate Professional Status explained 1:01 – Case study: client saves $92K in taxes without quitting their job 2:10 – Why most W-2 employees struggle with REPS 2:42 – Introduction to the Short-Term Rental loophole 3:16 – How STRs allow W-2 earners to use depreciation write-offs 4:49 – Choosing the right strategy: REPS vs. STR loophole   Book a 15-Minute Discovery Call with Our Team: https://calendly.com/admin-jhf8/15min   Whether you’re facing a legal challenge or need guidance with tax and estate planning, we’re here to help.   Visit Our Website for More Information: https://www.bristertaxlaw.com/   Get to Know Our Team: https://www.bristertaxlaw.com/our-team   Follow Us for Legal Tips and Updates: LinkedIn: https://www.linkedin.com/company/the-brister-law-firm-pllc/ Instagram: https://www.instagram.com/bristerlawfirm/ Facebook: https://www.facebook.com/profile.php?id=100090662891712   #RealEstateProfessionalStatus #ShortTermRentalLoophole #TaxStrategy #BonusDepreciation #RealEstateInvesting #PassiveIncome #TaxPlanning #WealthBuilding
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4 months ago
5 minutes 36 seconds

The Wealth Planning Podcast with Brister Law
The STR Loophole – The Real Estate Tax Hack High Earners Need to Know
Discover the Short-Term Rental Loophole — a powerful, IRS-backed tax strategy that can save high-income earners tens of thousands in taxes without quitting your job or owning dozens of properties. Tax attorney Anthony Brister breaks down exactly how it works, real client success stories, and step-by-step instructions so you can implement it before the year ends. Learn the rules, the timing, and the pitfalls to avoid so you can keep more of your hard-earned money and invest in your future.   Timestamps:1:29 – $56K Airbnb tax savings2:24 – How this loophole works (step-by-step)3:05 – Bonus depreciation: the real game-changer3:27 – Rules you must follow to qualify4:55 – Client success stories6:13 – How to execute this before year-end7:26 – More than taxes—it’s about freedom8:26- Tune in next week   Book a 15-Minute Discovery Call with Our Team: https://calendly.com/admin-jhf8/15min Whether you’re facing a legal challenge or need guidance with tax and estate planning, we’re here to help. Visit Our Website for More Information: https://www.bristertaxlaw.com/ Get to Know Our Team: https://www.bristertaxlaw.com/our-team Follow Us for Legal Tips and Updates: LinkedIn: https://www.linkedin.com/company/the-brister-law-firm-pllc/ Instagram: https://www.instagram.com/bristerlawfirm/ Facebook: https://www.facebook.com/profile.php?id=100090662891712   #ShortTermRentalLoophole #TaxStrategy #RealEstateInvesting #BonusDepreciation #AirbnbTaxTips #RealEstateTaxStrategy #WealthBuilding #PassiveIncome #TaxSavings #HighIncomeEarner
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4 months ago
8 minutes 37 seconds

The Wealth Planning Podcast with Brister Law