The SnapBack CPA

Steven Gabrielsen CPA MBA: Tax and Wealth Strategist for Real Estate Professionals

[The SnapBack CPA @snapbackcpa]

@jasononfirms I’ll be there!

[The SnapBack CPA @snapbackcpa]

Scrolling through the comments on this post and not everyone agrees with @elonmusk take….one thing everyone agrees on is NO TAXES!!

[The SnapBack CPA @snapbackcpa]

Real estate offers powerful long-term wealth preservation and tax strategies. Passing assets to heirs can provide a stepped-up basis, meaning they can sell with minimal to no capital gains tax. It's a top choice for billionaires to protect wealth.
#RealEstate #TaxStrategy #WealthBuilding

[The SnapBack CPA @snapbackcpa]

@RDriscollCPA I am deep and would love to share/hear new ideas. I went crazy for about two weeks building out an https://t.co/NmisxalN6t agent and was so relieved when the new models of Claude came out!

[The SnapBack CPA @snapbackcpa]

Buying a rental property with $100K income could generate $100K in first-year losses, wiping out your tax liability. This means a potential $25-30K refund that can fuel your next real estate investment.

For the full video (and a full understanding of how to actually implement this strategy) join our online academy here - https://t.co/VvZEIMc8Pd
#RealEstateInvesting #TaxStrategy

[The SnapBack CPA @snapbackcpa]

I will never understand anyone from any field hard coding numbers in excel spreadsheets.

[Logan Allec, CPA @loganallec]

HOW DO SOME PEOPLE GET AN ENTIRE DEGREE IN ACCOUNTING AND STILL HARD CODE NUMBERS IN SPREADSHEETS WHAT'S EVEN THE POINT

[The SnapBack CPA @snapbackcpa]

Don't sell stock to fund new investments! If you have a large portfolio, use debt. Take out a loan against your existing assets, reinvest that capital, and let it grow while creating new tax opportunities. It's a smart way to avoid paying capital gains taxes.
#InvestmentTips #TaxSavings #WealthManagement

[The SnapBack CPA @snapbackcpa]

Selling a business? You don't have to take all the cash at once. Consider an installment sale, collecting payments over time to manage your tax liability. Or, redeploy profits into investments that create tax losses, like real estate syndications.
#BusinessTips #TaxStrategy

[The SnapBack CPA @snapbackcpa]

Roth IRA conversions can be tricky. Instead of converting $2M and paying ~800k in taxes, one strategy involved a $2M traditional IRA that grew to $460k. Converting *that* amount only incurred ~100k in taxes, saving ~$700k!
#RothIRA #TaxStrategy #PersonalFinance

[The SnapBack CPA @snapbackcpa]

Selling your business in 6 months leaves little room for tax optimization. But selling in 5 years? That opens massive opportunities for restructuring and tax-free gains through qualified small business stock. Proper planning now means a lighter tax burden later.
#BusinessTips #TaxStrategy #SmallBiz

[The SnapBack CPA @snapbackcpa]

Amen! I had to cram this into a 3 minute discussion so wasn’t able to get into the nitty gritty details, but you are spot on. Not only do the time requirements need to be met, but you also need the corresponding documentation to back it up. But solid strategy if it can be executed correctly!

[The SnapBack CPA @snapbackcpa]

High W2 earners are getting $200k+ tax refunds annually through strategic real estate investing. Leveraging loopholes, qualifying a stay-at-home spouse as a real estate professional can create losses to offset W2 income.
#TaxSavings #RealEstateInvesting

[The SnapBack CPA @snapbackcpa]

Just closed on our first acquisition of a CPA firm. Here is what I will do differently next time:

1) work with multiple lenders to secure financing, so if one falls through you’re not weeks behind.

2) build relationships with a good attorney before starting the purchasing process

3) close by January 15th NOT February 16th 🤦🏼‍♂️

[The SnapBack CPA @snapbackcpa]

@TKopelman @jakecrandall Sounds like a solid process! 🍻

[The SnapBack CPA @snapbackcpa]

@AlanMCole @AlexGodofsky Useful post on IRS response workflows. This tends to work best when the client communication cadence is standardized. Have you seen the same in your firm?

[The SnapBack CPA @snapbackcpa]

@gomarketbeater Good point on tax strategy. I see better outcomes when advisors move this discussion earlier in the quarter. Are your clients receptive to that timing?

[The SnapBack CPA @snapbackcpa]

@uua_sab @giftlovej I agree with this on tax strategy. Turning it into a checklist often improves consistency across staff. What has worked for your process?

[The SnapBack CPA @snapbackcpa]

@grzczyk @altruist @RightCapitalHQ Good point on tax strategy. I see better outcomes when advisors move this discussion earlier in the quarter. Are your clients receptive to that timing?

[The SnapBack CPA @snapbackcpa]

@TKopelman @jakecrandall Useful post on tax strategy. This tends to work best when the client communication cadence is standardized. Have you seen the same in your firm?

[The SnapBack CPA @snapbackcpa]

@BSCNews @RaymondJames Useful post on tax strategy. This tends to work best when the client communication cadence is standardized. Have you seen the same in your firm?