{"id":76975,"date":"2016-02-18T00:02:57","date_gmt":"2016-02-18T07:02:57","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=76975"},"modified":"2023-04-14T02:58:24","modified_gmt":"2023-04-14T08:58:24","slug":"2016-02-18-bp-podcast-162pay-irs-amanda-hancpa","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/2016-02-18-bp-podcast-162pay-irs-amanda-hancpa","title":{"rendered":"How to Pay Less to the IRS with Amanda Han, CPA"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">No one likes paying taxes, so let\u2019s talk about how you can pay FAR less to the IRS! On today\u2019s show, we sit down with real estate investor and <strong>CPA Amanda Han<\/strong>, the author of the brand new book\u00a0<em><strong>The Book on Tax Strategies for the Savvy Real Estate Investors<\/strong><\/em>. In this powerful (and fun!) interview, you\u2019ll learn about the biggest tax mistakes investors make when setting up &#8212; and running &#8212; their real estate business. This interview could literally save you thousands of dollars! Dig in! <\/span><\/p>\n<p><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/biggerpockets-podcast-real\/id594419649\" target=\"_blank\" rel=\"noopener\">Click here<\/a>\u00a0to listen on iTunes.<\/p>\n<h2>Listen to the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" frameborder=\"0\" height=\"200\" scrolling=\"no\" src=\"https:\/\/playlist.megaphone.fm?e=BIGPOC3322782275&#038;light=false\" width=\"100%\"><\/iframe><\/p>\n<h2>Watch the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" title=\"How to Pay Less to the IRS with Amanda Han, CPA | BP Podcast 162\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/wtzmghKUq8g?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>Help Us Out!<\/h2>\n<p>Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found <a href=\"https:\/\/www.biggerpockets.com\/forums\/25\/topics\/161423-do-you-listen-to-the-bp-podcast\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>. Thanks! We really appreciate it!<\/p>\n<h2>This Show Sponsored By<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-75010\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2015\/09\/PATLive-Logo1.png\" alt=\"PATLive-Logo\" width=\"232\" height=\"72\" title=\"\">We just wanted to give a shout out to our podcast sponsor\u00a0on today\u2019s show:<strong> PATLive<\/strong>. PATLive&#8217;s team of superstar receptionists will always leave your customers delighted. Every agent goes through a rigorous training course before they can answer calls, and we&#8217;ve got quality assurance down to an art.<\/p>\n<p>Learn more by visiting <a href=\"http:\/\/www.patlive.com\/biggerpockets\" target=\"_blank\" rel=\"noopener noreferrer\">PATLive.com\/biggerpockets<\/a>!<\/p>\n<h2>Fire Round\u00a0Sponsor<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-74647 size-gallery-block\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2015\/08\/freshlogo-214x140.png\" alt=\"freshlogo\" width=\"214\" height=\"140\" title=\"\">A huge thanks as well to our Fire Round sponsor FreshBooks.<br \/>\nFreshBooks customers spend less time on paperwork, freeing up <span class=\"tooltips\">2 days per month<\/span> to focus on the work they love. What would you do with that extra time?<\/p>\n<p>Learn more by visiting\u00a0<a href=\"http:\/\/www.freshbooks.com\/pages\/biggerpockets?ref=11568&amp;utm_source=bigger-pockets&amp;utm_medium=podcast&amp;utm_campaign=2015\" target=\"_blank\" rel=\"noopener noreferrer\">FreshBooks<\/a>.<\/p>\n<h2>In This Episode We Cover:<\/h2>\n<ul>\n<li><img loading=\"lazy\" decoding=\"async\" class=\"size-thumbnail wp-image-75873 alignright\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2015\/11\/BiggerPockets-Podcast-Artwork-150x150.jpg\" alt=\"BiggerPockets Podcast Artwork\" width=\"150\" height=\"150\" title=\"\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2015\/11\/BiggerPockets-Podcast-Artwork-150x150.jpg 150w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2015\/11\/BiggerPockets-Podcast-Artwork.jpg 300w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/>The new book that will <strong>help you save money<\/strong><\/li>\n<li>Who Amanda Han is and how she became <strong>CPA to an investor<\/strong><\/li>\n<li>Why the <strong>Tax Code<\/strong> is\u00a0a language on its own<\/li>\n<li>The importance of <strong>working with a CPA<\/strong> in regard to the Tax Code<\/li>\n<li>The big list of people who <strong>screw up<\/strong> their taxes<\/li>\n<li>Getting the right <strong>legal entity<\/strong> on the first deal<\/li>\n<li>The two things to <strong>ask your CPA<\/strong><\/li>\n<li>Legitimate tax <strong>deductions<\/strong> you should know<\/li>\n<li>Getting deductions from <strong>equipment<\/strong><\/li>\n<li>What you should know about the <strong>home office deduction<\/strong><\/li>\n<li>Other <strong>neglected<\/strong> deductions<\/li>\n<li>A discussion on\u00a0<strong>income shifting<\/strong><\/li>\n<li>Why you need to make sure you <strong>keep receipts<\/strong><\/li>\n<li>How to figure\u00a0out if an <strong>activity<\/strong> is deductible through a CPA<\/li>\n<li>Important <strong>retirement strategies<\/strong><\/li>\n<li>What you should know about <strong>self-directed investing<\/strong><\/li>\n<li>The basics of a <strong>401(k)<\/strong><\/li>\n<li>The <strong>tax deferred<\/strong> and leverage concepts all rolled into one<\/li>\n<li>Tips for getting benefits from <strong>depreciation<\/strong><\/li>\n<li><strong>Entities<\/strong> and mistakes people make with them<\/li>\n<li>How having <strong>corporations<\/strong> save on tax<\/li>\n<li>Why you need\u00a0<strong>proactive planning<\/strong><\/li>\n<li><strong>And SO much more!<\/strong><\/li>\n<\/ul>\n<h2>Links from the Show<\/h2>\n<ul>\n<li><a href=\"\/renewsblog\/2013\/12\/19\/bp-podcast-049-tax-tips-amanda-han\/\" target=\"_blank\" rel=\"noopener noreferrer\">BP Podcast 049: Real Estate Tax Tips, Jokes, and Loopholes With Amanda Han<\/a><\/li>\n<li><a href=\"\/renewsblog\/2013\/03\/28\/ultimate-beginners-podcast\/\" target=\"_blank\" rel=\"noopener noreferrer\">BP Podcast 011 : The Ultimate Beginner\u2019s Podcast For Real Estate Investors<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/podcast\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Podcast<\/a><\/li>\n<li><a href=\"http:\/\/www.sensefinancial.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">SenseFinancial<\/a><\/li>\n<li><a href=\"\/renewsblog\/2014\/07\/31\/four-depreciation-tax-mistakes-investors-need-avoid\/\" target=\"_blank\" rel=\"noopener noreferrer\">4 Depreciation Tax Mistakes Investors Need to Avoid<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/webinar\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Webinar<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/store\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets\u00a0Store<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/users\/davevisaya\" target=\"_blank\" rel=\"noopener noreferrer\">Dave&#8217;s BiggerPockets Profile<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/forums\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Forums<\/a><\/li>\n<\/ul>\n<h2>Books Mentioned in this Show<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/taxbook\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The Book on Tax Strategies for the Savvy Real Estate Investor<\/em><\/a> by Amanda Han and Matthew MacFarland<\/li>\n<li><a href=\"http:\/\/amzn.to\/2aq075j\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Rich Dad Poor Dad<\/em><\/a> by Robert Kiyosaki<\/li>\n<li><a href=\"http:\/\/amzn.to\/2aaaPst\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The 4-Hour Workweek<\/em><\/a> by\u00a0Timothy Ferriss<\/li>\n<\/ul>\n<h2>Tweetable Topics:<\/h2>\n<ul>\n<li>&#8220;Within the Tax Code, there are a lot of loopholes.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22Within%20the%20Tax%20Code,%20there%20are%20a%20lot%20of%20loopholes.%22%20BP%20Podcast%20162%20biggerpockets.com\/show162\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/li>\n<li>&#8220;As long as you can show that it is necessary for your business, it should be a tax reduction.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22As%20long%20as%20you%20can%20show%20that%20it%20is%20necessary%20for%20your%20business,%20it%20should%20be%20a%20tax%20reduction.%22%20BP%20Podcast%20162%20biggerpockets.com\/show162\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/li>\n<li>&#8220;Depreciation is not a choice.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22Depreciation%20is%20not%20a%20choice.%22%20BP%20Podcast%20162%20biggerpockets.com\/show162\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/li>\n<\/ul>\n<h2>Connect with\u00a0Amanda<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/users\/KeystoneCPA\" target=\"_blank\" rel=\"noopener noreferrer\">Amanda&#8217;s BiggerPockets Profile<\/a><\/li>\n<li><a href=\"http:\/\/keystonecpa.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Amanda&#8217;s Website<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>No one likes paying taxes, so let\u2019s talk about how you can pay FAR less to the IRS! On today\u2019s show, we sit down with real estate investor and CPA [&hellip;]<\/p>\n","protected":false},"author":17340,"featured_media":118990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4565],"tags":[],"class_list":["post-76975","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biggerpockets-podcast"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/76975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/17340"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=76975"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/76975\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/118990"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=76975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=76975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=76975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}