Where are all the aggressive accountants?

[John Gillick]

I have had a lot of accountants, some good, some bad, but none of them will do anything but paperwork.  

I'm ready for an aggressive accountant.  

Where are the accountants that are going to tell me how to write off vacation expenses by buying a condo in the same city I like to vacation?

Where are the accountants that are going to recommend I employ my children so they can have 401(k)s and I can expense their salaries and they can contribute pre-tax?

Where are the accountants that are going to tell me how to stop managing my own rentals, and instead form an LLC so I can pay myself to manage them while writing off other LLC expenses like my computer?

I'm not saying I need to be all the way through the gray area into the black, but I'm tired of hanging out in the white area.  Let's wade into that gray area.  Keep it legal, keep it aggressive.

[Michael Plaks]

Where? Right here, on this forum. There are over 20 of us here.

However, creating an LLC does not create any additional tax deductions for you. If you bought a computer and use it for business, it's deductible with or without an LLC.

Buying a condo out of town for tax purposes is not a tax strategy, it's foolishness. Buy it if owning a condo in that place is a solid investment AND you don't have better investment opportunities in your home town or elsewhere. Tax benefits are the icing on the cake, not the cake. And there're complex rules if you're planning to use that condo yourself periodically. 

You employ your children if they can be helpful in your business AND you want to raise them as productive members of the society. 

Here is the right sequence of prioritizing:

1. Lifestyle considerations

2. Business considerations

3. Tax considerations

Never put #3 as #1.