EP 89 - Hidden State Tax Traps Every Business Owner Must Know

The Mark Perlberg CPA Podcast

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21d ago 16:06

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Are you unknowingly falling into these 5 hidden state tax traps that could be costing you thousands? In this podcast, we break down the most overlooked state tax issues that business owners, real estate investors, and high-income earners often miss—and how you can maximize your tax savings and avoid compliance risks.
Here’s what you’ll learn:
- Why the location of your LLC doesn’t impact state tax obligations (and what actually matters).
- How losses from out-of-state properties might not offset your income where you live.
- The key differences between federal and state K1 income that could lead to costly errors.
- How to leverage state tax credits and pass-through entity tax elections for bigger deductions.
- The importance of timing your major financial moves to avoid high-tax states.
These practical strategies are designed to help you keep more of your hard-earned money, whether you’re navigating complex state tax rules or planning for long-term wealth-building. Don’t let hidden tax traps derail your financial goals—start optimizing today!
💡 Ready to take control of your taxes? Comment "TAX SAVINGS" to get the full episode, and download our free tax planning checklist for actionable insights tailored to your needs. Book your free consultation to explore how we can help you save more!
#smarttaxplanning #limitedliabilitycompany #statetaxtraps #taxsavingsstrategies #highincomeearners
CHAPTERS:
00:00 - Intro
01:16 - LLC Location Strategies
02:45 - State Tax Loss Treatment
05:48 - Cost Segregation Benefits
09:31 - State Tax Credits Overview
11:29 - Timing for State Tax Opportunities
13:58 - 5 Overlooked Tax Strategies
15:16 - Getting Started with Tax Planning

Chapters

1. Introduction to State Tax Hidden Traps (00:00:00)

2. LLC Location Myth Debunked (00:01:14)

3. State-Level Loss Limitations (00:02:46)

4. Cost Segregation State Tax Implications (00:05:02)

5. State Tax Credits Opportunities (00:09:35)

6. Strategic Timing for State Tax Savings (00:11:39)

7. Summary and Free Tax Resources (00:15:05)

92 episodes

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