Monthly Archives: March 2022

Selling Your Business & Paying Zero Taxes (Ep. 41)

March 30, 2022Finance, Financial, Retirement, TaxesBarry Watts, Financial Advisor, Healthcare Planning, Long-Term Healthcare, Retirement Planning, Saving You Taxes, Tax Planning, Tax Strategy, Truth About Taxes and Retirementtruthabouttaxesandretirement

Starting a business is hard work. If you eventually sell that business, you likely want to maximize your pay day.

We’ve never met anyone who wants to pay more in tax, but yet, a lot of people do. One of those areas that often gets overlooked is capital gains on the sale of stock in a small business.

In this episode, J Barry Watts discusses section 1202 of the internal revenue code. The section is all about tax exclusions on eligible gains when you sell a small business. For some, this could mean $10 million of gains are excluded from taxes.

Barry discusses:

What section 1202 is and how you can use it to your benefit
The key difference between tax accountants and tax strategists
How planning ahead of selling your business is essential to save you taxes
The legality of using internal revenue code loopholes
And more

Connect With Barry Watts:

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Increasing Income in Retirement (Ep. 40)

March 16, 2022Finance, Financial, Retirement, Taxes, UncategorizedDividend Yield, Dividends, Financial Advisor, Retirement Planning, Saving You Taxes, Tax Planning, Truth About Taxes and Retirement, Value Investingtruthabouttaxesandretirement

Where does income in retirement come from? What strategies are there to manage your income in retirement to ensure you stay retired?

If these are questions you find yourself wondering, this is the episode for you!

In this episode, J Barry Watts gives an overview of a few strategies you can use to ensure your income in retirement supports your retired life.

Barry discusses:

What are dividends and how can they work for you
Reasons why dividend yields increase (or decrease)
Strategies behind value investing
The importance of a balanced portfolio in retirement
And more

Connect With Barry Watts:

prioritycare@wealthcarecorp.com
800-278-1755
SavingYouTaxes.com
LinkedIn: J Barry Watts
LinkedIn: SavingYouTaxes

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Saving Taxes by Converting your LLC or S Corp into a C Corp (Ep. 39)

March 2, 2022Finance, Financial, Retirement, TaxesAmerican Tax Strategies, Business Structures, C Corporations, Financial Advisor, J Barry Watts, LLC, Retirement Planning, Saving You Taxes, SavingYouTaxes.com, Tax Planning, Taxable Income, Truth About Taxes and Retirement, WealthCare Corporationtruthabouttaxesandretirement

The structure of your business can have a huge impact on your bottom line after taxes. Whether starting a new business or saving taxes by restructuring your existing one, understanding how different business structures impact the taxes you pay helps you save thousands of dollars each year.

In this episode, J Barry Watts of WealthCare Corporation discusses the various business structures you can adopt and how each structure impacts the taxes you and your business will pay. It’s part of the forward looking tax-planning-service of American Tax Strategies, LLC and SavingYouTaxes.com

Barry discusses:

The difference between an LLC and a C Corporation
The importance of separating yourself from your business
The tax implications (and tax savings) enabled by different business structures
Innovative ways to structure your business to maximize your profits
And more

Connect With Barry Watts:

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