How To Achieve Financial Freedom by Reducing Your Taxes - An Interview with Eric Freeman, CPA, Part 1

passive income taxes Jun 07, 2019

This is part one (1) of a two (2) part video series.  As you may recall, a major component of the Financial Freedom Formula (F3) methodology which helps anyone achieve Financial Freedom Quickly with Tax Efficient Passive Income, is to reduce one’s taxes. 

Therefore, this week’s video will focus on that part of the methodology.   Here is a summary of what you will learn in the interview:

  • How Has Tax Reformed Impacted CPAs and Real Estate Investors?
  • What is the 20% Pass Thru Deduction?
  • What Is Bonus Depreciation?
  • What is Section 179?
  • What do you recommend people do to mitigate the financial impact of the $10k maximum deduction for State and Local Income Taxes (S.A.L.T)?
  • Any Changes to 1031 Exchanges?
  • What is an Opportunity Zone and how does one benefit?
  • What is a Real Estate Professional (REP)?
  • How does one become a Real Estate Professional?
  • What is a Cost Segregation Study and how does this benefit Real Estate Investors?
  • How does one find a good CPA today?
  • How Important is it to have a Good CPA?
  • What time of Year should One Work with a CPA?
  • Why do people continue to Ask for Trump's tax returns when he already told the world that he doesn’t pay taxes?
  • Can Anyone pay less in Taxes or just Trump?
  • How can someone learn more about Eric and/or BeachFleishman?

Eric Freeman is a Tax Senior Manager for BeachFleischman PC and has been with the firm for 7 years. Eric has a Master of Accounting with a focus in tax. He has spent most of his career focusing on real estate transactions and partnership taxation. Eric has consulted on many complex transactions including multi-asset exchanges, mergers, consolidations, buy-outs, cost segregation studies, and transaction formation. He also has a wide variety of experience with international issues as they relate to real estate, including both inbound and outbound transactions. Most recently, Eric has given numerous speeches, written articles and consulted on issues related to Qualified Opportunity Zone Funds. His client base includes real estate developers, property owners and property managers that operate with 2 million to 7 million square feet of real estate, both multifamily and commercial. Eric offers a broadened perspective to his work as a CPA from his own experiences of owning and managing real estate investments with roughly 30,000 square feet currently under management. 

Eric can be reached via email at [email protected]

Want to accelerate your journey to Financial Freedom?  Then download the Accelerator.

Money is Going to Get Even Cheaper - I have great news......Money may get less expensive, check out this article.  That is the other major component of the Financial Freedom Formula.   

Global Financial Summit - If anyone was planning on attending the Global Conference this coming November in which I am scheduled to speak, see this link for the Global Financial Summit, the trip may be canceled and/or rescheduled due to the recent developments from President Trump banning Cruise Ships to Cuba.   You can learn more about the directive here.