Episode Details

In this episode Rich sits down with Rondi Lambeth who explains how business owners can legally reduce their taxes through corporate structuring, income shifting, asset protection, and lesser-known provisions in the tax code. Rondi breaks down why he believes most entrepreneurs pay more taxes than legally required, how companies like Apple shift income between jurisdictions, and how combining operating companies, holding companies, and C corporations can potentially change how business income is taxed.

They also take a deep dive into the Augusta Rule, including how business owners may rent their homes to their companies for up to 14 days and receive the income tax-free when properly documented. Rondi covers employing your children, Section 179, bonus depreciation, depreciation recapture, and using real estate, vehicles, energy investments, and job creation to reduce taxable income. He also shares how he recovered after losing nearly $5 million following COVID and reveals the financial principles he wishes he had understood earlier.

Listeners can get Fortress Tax’s $2,497 Tax Assessment for just $997. Their team will show you what your CPA may be missing and identify at least $10K in potential tax savings. Get yours here: https://fortress.tax/richsomers

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