2: Tax Return Extensions: Why The Early Bird Doesn't Always Get The Worm
Natalie delves into the topic of tax extensions, clarifying what they are, their benefits, and various scenarios where filing for one may be advantageous. It begins by demystifying the concept of a tax extension, emphasizing that it's an extension to file, not to pay any owed taxes, and illustrating the procedural ways to file one.
The episode packs in practical advice, aiming to educate listeners on making informed decisions and optimizing their tax situations.
00:00 Introduction to Real Estate Tax Extensions
00:34 What is a Tax Extension and Why You Might Need One
02:48 Common Reasons for Filing a Tax Extension
04:31 Advanced Tax Planning: Retirement Accounts and 1031 Exchanges
06:50 Strategic Tax Moves: Cost Segregation and Superseded Returns
13:28 The Ultimate Tax Planning Flexibility with Extensions
14:05 Closing Thoughts and Advice
The episode packs in practical advice, aiming to educate listeners on making informed decisions and optimizing their tax situations.
00:00 Introduction to Real Estate Tax Extensions
00:34 What is a Tax Extension and Why You Might Need One
02:48 Common Reasons for Filing a Tax Extension
04:31 Advanced Tax Planning: Retirement Accounts and 1031 Exchanges
06:50 Strategic Tax Moves: Cost Segregation and Superseded Returns
13:28 The Ultimate Tax Planning Flexibility with Extensions
14:05 Closing Thoughts and Advice
