Tax Reduction Podcast
Introducing your host, Boris Musheyev, CPA. In this podcast Boris debunks the tax code by teaching you simple and effective tax strategies, so you can keep the most of what you make. His mission is to help you cut taxes and build wealth using the power of proactive tax strategies. Every episode you will gain a better understanding of how the tax code is designed to be in favor of money-making entrepreneurs like yourself. 🆓 Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know: https://bit.ly/podcast7writeoffs☎️ Schedule your FREE Tax Advisory Session: www.TaxPlanningCall.com
Episode 37. Owner Payroll Tax
Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started!
If you’re a small business owner with an S Corporation, the way you pay yourself can make or break your tax bill. Most business owners overpay payroll taxes because no one ever showed them the right tax strategy. They treat owner payroll like a checkbox which is a big mistake. Your payroll is a tax planning weapon if you know how to use it.
In this podcast, I’m breaking down exactly how to...
Episode 36. Beach Home Tax Strategy
Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started!
Do you want to buy a vacation home and write it off on your taxes? Whether it's a beach house, ski cabin, or a lakeside condo, the real question isn’t can you deduct it — it’s how to write it off as a legitimate business expense.
In this podcast, I reveal one of the most underused IRS-approved tax strategies: turning your personal vacation home into an employee entertainment facility that’s 100% tax deductible...
Episode 35. 5 Trump Tax Changes for Business Owners
Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started!
Are you a business owner trying to stay ahead of the curve on the latest tax laws? President Trump’s new tax reform has just passed the House, and it brings some game-changing tax updates that will affect how business owners pay taxes moving forward. If you’re not up to date, you could be missing out on massive tax savings, or worse, get caught unprepared.
In this podcast, I break down the 5 key ch...
Episode 34. Tax Strategies for Attorneys
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If you're a law firm owner or practicing attorney, this tax strategy breakdown is a must for you. Learn how using reasonable compensation can keep your S-Corporation compliant while reducing unnecessary payroll taxes. We also dive into how paying your spouse a salary can unlock powerful deductions and write offs for your business. Discover the benefits of the self rental strategy, a smart move that turns your office rent into a tax advantage. For those pl...
Episode 33. LLC Tax Strategies
Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started!
How can LLC owners pay less in taxes in 2025? This podcast breaks down key tax strategies, deductions, and tax savings opportunities for LLCs. Learn how retirement contributions, depreciation, hiring family, and optimizing your business structure can help you legally reduce your taxable income and keep more of your money. We’ll also cover business meal deductions, credit card strategies, and tax-efficient ways to structure your LLC for maximum savings. Understanding these LLC tax planning strategies is c...
Episode 32. Trump’s Tax Plan: How Business Owners Can Benefit
Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started!
How will Trump's Tax Plan impact YOU; a profitable business owner and entrepreneur? This podcast breaks down key tax strategies, deductions, and tax savings opportunities under his proposed policies. Learn how bonus depreciation, cost segregation, vehicle loans, and research and development tax credits could help lower your tax bill. We’ll also cover Social Security benefits, no tax on tips, and how overtime pay affects reasonable compensation for S-Corporation owners. Understanding these tax planning strategies is c...
Episode 31. Top 4 S-Corporation Tax Strategies
Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started!
Save money on taxes in 2025 with these top S-Corporation tax strategies! If you're a business owner, using the right tax planning techniques can help you reduce your tax liability, increase deductions, and keep more money in your pocket. Learn how the PTET tax can reduce your state tax burden and how to use reimbursements like the home office deduction and the Augusta Rule to lower taxable income.
Take advantage of retirement contributions to bui...
Episode 30. Backdoor ROTH IRA Tax Strategy
Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started!
Discover how the Backdoor Roth IRA strategy can help high-income earners enjoy tax-free growth and withdrawals in retirement. In this podcast, we’ll break down how the Backdoor Roth IRA works, why it’s a powerful tax planning tool, and how it benefits business owners and self-employed individuals. Whether you’re focused on tax-free growth, long-term savings, or advanced retirement planning, this approach is a game-changer for entrepreneurs and high-income professionals alike.
I've put toge...
Episode 29. Pass-Through Entity Taxation Strategy
Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started!
Discover how the 2025 Pass-Through Entity Tax (PTET) strategy can help business owners maximize tax savings and reduce their tax liabilities. In this podcast, we’ll break down how PTET works, why it’s a powerful tax planning tool, and how it benefits S-Corporation owners and other pass-through entities. Learn how to leverage state-level tax deductions and create effective strategies for your business to save thousands on taxes. Whether you’re focused on deductions, write-offs, or advanced...
Episode 28. ROTH IRA For Kids
Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started!
Leverage the power of Roth IRAs for kids and discover how business owners can build an estimated $2 million in tax-free income for their children. This smart tax strategy allows you to combine family financial planning with incredible tax savings. Learn how to use your business to fund Roth IRAs for your kids, take advantage of legal deductions and write-offs, and set them up for a lifetime of financial success.
With strategic tax planning, you...
Episode 27. Write off Personal Car in S-Corporation
Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started!
Did you know you can write off your personal car as a business expense? Many business owners miss out on this deduction because their accountants don’t suggest it, or they aren’t aware of the benefits. In this podcast, I’ll break down step-by-step how you can claim your personal car as a tax write-off through your S-Corporation.
I've put together this FREE resource for you:
7 Write-Offs Every S-Corporation Business Owner MU...
Episode 26. Best LLC Tax Strategy
Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started!
Are you a business owner navigating the complexities of LLC taxes and wondering how to maximize your tax benefits this year? In my latest podcast, I dive deep into the world of Limited Liability Companies (LLCs) and unlock the secrets to leveraging your LLC for incredible tax advantages.
As an entrepreneur, choosing the right entity structure for your business is crucial, and an LLC offers unique opportunities for tax savings. But how do yo...
Episode 25. How RICH Avoid Capital Gain Taxes
Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started!
Ever wonder how the wealthy pay so little in capital gains taxes while continuing to grow their wealth? In this podcast, we cover the top strategies they use and how you, as a business owner, can apply these SAME techniques to lower your taxes.
Find out why banks are so eager to lend large sums of money to high-net-worth individuals, allowing them to build even more wealth while paying less in taxes. You don...
Episode 24. Solo 401(k) Tax Strategy for S-Corporation Owners
Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started!
In this podcast, we're diving into the Solo 401(k) — what it is, who it’s for, and why you should care. Whether you own a sole proprietorship, run an LLC, or have an S-Corp, you'll learn how to make a Solo 401(k) work for you.
Plus, discover how to grow your money tax-free! If you’re self-employed or running your own business, this podcast is packed with tips to help you save big and keep...
Episode 23. Sell Your Home to S-Corporation
Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started!
Looking to sell your home to your S-Corporation? Discover how this powerful tax strategy can help you maximize deductions, reduce capital gains, and unlock significant tax savings. We’ll dive into the benefits of depreciation and how to leverage write-offs to lower your taxable income. Learn the key steps to ensure a smooth transaction and minimize any potential tax liabilities. This podcast is a must-watch for business owners and real estate investors looking to optimize thei...
Episode 22. Hidden S-Corporation Tax (DO NOT PAY THIS)
Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started!
Discover the hidden taxes of S-Corporation and how to use a tax strategy NOT to pay the Net Investment Income Tax for an S-Corporation! This podcast explores powerful tax planning techniques that can reduce your net investment income tax. Learn from top tax advisors on how to effectively utilize tax write-offs, ensuring your business maximizes its savings. With these expert tax strategies, you can keep more money in your pocket and optimize your financial outcomes. Do...
Episode 21. Retirement Tax Strategies for S-Corporation Owners
Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started!
Discover the top 2024 retirement tax strategies tailored for S-Corporation owners. Learn how to maximize your savings with solo 401(k) and SEP IRA plans and understand how these tax strategies can benefit your S-Corporation or LLC. We'll dive into effective retirement planning techniques that not only help you save for the future but also optimize your tax deductions and write-offs. Don't miss out on essential tax planning advice designed to help you achieve your financial goals.
...Episode 20. First Rental Tax Strategy Write-Off for S-Corporation Owners
Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started!
Unlock the secrets to maximizing your tax savings with our first rental tax strategy for S-Corporation owners! In this podcast, we'll delve into how depreciation can be a powerful write-off, boosting your passive income and minimizing passive losses.
Discover the top deductions and write-offs available to you and learn how S-Corporation benefits can elevate your tax planning game. Whether you're new to rental properties or a seasoned investor, these tips will help you sa...
Episode 19. Top 5 2024 Tax Planning Strategies
Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started!
In this podcast, let's dive deep into the art of tax planning, revealing the top five strategies that have helped our clients achieve significant savings. From leveraging S-Corporation structures and understanding reasonable compensation to optimizing retirement planning, and unlocking tax-free cash, we cover it all.
Plus, learn about the power of the Pass-Through Entity Tax (PTET) and the benefits of S-Corp Health Insurance in your tax planning arsenal.
I've put together th...
Episode 18. Don't Take Bonus Depreciation in 2024
Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started!
In 2024, navigating the complex landscape of tax strategies is more critical than ever, especially when it comes to bonus depreciation. In my latest deep-dive podcast, 'Don't Take Bonus Depreciation in 2024,' I uncover the essential insights and alternative strategies that every business owner needs to know to optimize their tax situation.
I've put together this FREE resource for you:
7 Write-Offs Every S-Corporation Business Owner MUST Know
🆓 Download FREE PDF here: https...
Episode 17. Your Bookkeeping Sucks Tax Strategy
Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started!
Are you a profitable business owner paying more taxes than necessary? It's time to turn the tables with strategic bookkeeping, and I'm here to show you exactly how.
In this must podcast, I dive into the often-overlooked power of bookkeeping, not just as a means to keep your financial records straight, but as a critical tax-saving strategy every business owner should be utilizing.
I've put together this FREE res...
Episode 16. Short Term Rental Tax Write Off Strategy For S-Corporation Owners
Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started!
Discover how S-Corporation owners can maximize their tax savings with strategic write-offs on short-term rental properties. In this podcast, we dive into effective tax strategies to optimize rental income, focusing on key deductions and real estate tax planning.
Depreciation and cost segregation can significantly reduce your tax liability. We will explore the best practices for S-Corporations to leverage these tax benefits, ensuring you keep more of your hard-earned money. Don't miss out on the...
Episode 15. Payroll Tax Deduction Strategy
Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started!
Unlock the secrets to effective payroll tax deduction strategies for your business! In this podcast, we'll dive into advanced tax planning techniques that help business owners maximize tax savings. Discover how to leverage S-Corporation benefits, optimize deductions, and implement smart write-offs.
Stay ahead with proven payroll tax strategies designed to reduce your tax liability. Perfect for entrepreneurs and small business owners looking to boost their bottom line through effective tax management. Learn how pro...
Episode 14. Kevin Harrington Interviews Tax Strategist Boris Musheyev, CPA
Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started!
Boris Musheyev, CPA & Tax Strategist sits down with Kevin Harrington, original Shark Tank investor and infomercial pioneer, in this enlightening interview. Kevin interviews Boris about the importance of tax planning for business owners and why having a dedicated tax advisor is essential for your tax strategy and planning.
Kevin Harrington brings his vast experience in entrepreneurship and strategic investments to discuss the importance of being proactive rather than reactive with your tax strategies.
Episode 13. Double Dip Charitable Tax Deductions Before Year End
Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started!
Are you looking to maximize your charitable contributions and gain significant tax benefits before the year ends and going forward? Look no further! In this episode, we uncover a powerful tax strategy involving appreciated stocks. Learn how donating stocks held for over 12 months can let you 'double dip' into tax deductions, allowing you not only to avoid reporting income from the stock's gain but also to claim a charitable tax deduction. We'll guide you through th...
Episode 12. 5 Top Year End Tax Strategies
Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started!
As the year rapidly approaches its close, it's time for business owners to gear up their tax planning.
This episode is crafted with insights directly from your peers - uncovering the rest of the top 5 tax strategies that every business owner should know as they wrap up the fiscal year.
What's Inside:
➡️Strategies for Buying a Business: Delve into the tax implications and advantages of acquiring a business. This strategy is par...
Episode 11. IRS Audits Augusta Rule and Wins
Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started!
"Unpacking the Augusta Tax Strategy! 🏠💼 Dive into the recent development where IRS Audits Augusta Rules and Wins. The Augusta Tax Strategy has long been a favorite among property owners and business professionals. But what happens when the IRS challenges it?
Covered in this episode:
- A deep dive into the background of the Augusta Tax Strategy and its benefits.
- Insights into the IRS audit, t...
Episode 10. Using QSEHRA can save you money on Employee’s Health Insurance
Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started!
Using QSEHRA can save you money on Employee Health Insurance - Boris Musheyev, Tax Advisor
🩺✨ In this episode, we delve deep into how business owners can use Qualified Small Employer Health Reimbursement Arrangement (QSEHRA) to save you money on Employee Health Insurance. This tax strategy is optimal for tax savings. If you're a business owner looking to navigate the complex world of health insurance and seeking strategies to maximize your tax benefits, you're in the...
Episode 9. HUGE Tax Break For Self Rental Tax Strategy
Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started!
🔒 Unlock the Vault of HUGE Tax Break For Self-Rental Tax Strategies!
Are you a business owner who also owns the building where your business operates?
Discover the untapped goldmine of self-rental tax strategy that can save you thousands! 🔒
This unique approach of Self Rental Tax Strategy allows business owners who also own the building in which their business operates to rent the business space to themselves, thus enjoy...
Episode 8: MUST Have Family Management Company
Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started!
Are you a business owner looking to optimize your tax strategy? Dive into the benefits of setting up a Family Management Company! 🏡✍️
In this episode, I cover:
1️⃣ The fundamental principles behind a family management company and how it can be a game-changer for you.
2️⃣ Why hiring children can provide both tax write-offs and invaluable life experiences.
3️⃣ How to seamlessly integrate real estate investments within your family management framework.
4️⃣ The perk...
Episode 7. You NEED Cost Segregation Tax Strategy
Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started!
ATTENTION: Rental real estate property and business owners!
Ever wished you were privy to insider investor strategies that could save you a great deal on taxes? Your prayers have been answered. This episode is a goldmine of tax-saving insights specifically designed for real estate investors. We examine a powerful tax strategy called cost segregation, exploring what it is, who qualifies, and why it isn't always utilized by accountants. We also delve deep into the...
Episode 6. START Claiming Your Rental Losses AGAINST Your Business Income
Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started!
Are you an S-Corporation owner with rental properties?
You can START Claiming Your Rental Losses AGAINST Your Business Income.
Listen in on this episode to understand how to smartly use passive losses from your rental properties against your business income. In the dynamic world of investing, harnessing passive income to balance passive losses is a game-changer. This episode offers a step-by-step strategy for S-Corp owners to maximize their investing advantages by lever...
Episode 5. Hire Your Children for Profitable Tax Savings Strategy
Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started!
Imagine being able to legally employ your own kids in your business, and in the process, shift burdensome high tax brackets to a zero or low one. I promise, by the end of this episode, you'll understand every step of how this tax strategy works and how you can start implementing it in your business in less than 30 days. We'll break it down for you, whether you're a sole proprietor, part of an LLC, or an...
Episode 4. S-Corp Owner Health Insurance Tax Strategy
Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started!
In today's episode, we're going to dive into an insightful tax strategy S-Corp Owner Health Insurance Tax Strategy. Discover how to make the most of your health insurance premiums to optimize your tax deductions.
As an S-Corporation owner, you know that understanding tax nuances can be a game-changer for your financial success. But, with the often complex world of tax regulations, where do you start? Join us as we unfold an effective tax st...
Episode 3. Do NOT Pay Taxes on Owner Distributions
Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started!
DO NOT pay taxes on Owner Distributions!
Uncover the secrets of tax planning with our detailed guide on the tax implications of owner distributions for sole proprietorships, S-corporations, C-corporations, and partnerships.
✅ Sole Proprietors: Learn how owner draws, a form of owner distributions, can be managed to optimize your tax strategy.
✅ S-Corporations & C-Corporations: Understand the unique tax scenarios of your distributions to maximize tax savings.
✅ Partnerships: Discover how owner distributions can be us...
Episode 2. Never Explained Before Home Office Tax Deduction
Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started!
Is the home office deduction a cause for concern with the IRS?
Absolutely not, and I’m here to clear the air on that topic in this episode of the podcast.
Join me as we dive into the specifics of how you can fully leverage your home office deduction, whether you have an additional work location, a warehouse, or another office.
You can indeed work from the comfort of your ho...
Episode 1. Welcome the Tax Reduction Podcast for Money Making Entrepreneurs
Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started!
Hello, and welcome to the very first episode of The Tax Reduction Podcast for Money Making Entrepreneurs. I'm Boris Musheyev; your host, and I've spent years helping business owners and individuals save money on their taxes while staying on the right side of the law.
In today's episode, I want to talk to you about something that's really close to my heart: the importance of having a tax advisor. You see, I've seen fa...
