Tom Wheelwright is a leading tax and wealth expert, CPA, and author of Tax-Free Wealth. As CEO of WealthAbility®, Wheelwright helps entrepreneurs and investors build wealth through practical strategies that permanently reduce taxes.
About Tom Wheelwright
More From Tom Wheelwright
Finance
5 Year-End Charity-Donation Questions for Your CPA
Ask your accountant what organizations qualify, how to give and what documentation is needed.
Finance
9 Year-End Ways to Maximize New Tax-Law Deductions
Ask your CPA these questions to avoid misunderstandings.
Money
7 Steps to Reduce Your Taxes by 10-40% Permanently
These tactics can can add up to millions in tax savings over a lifetime.
Finance
5 Ways That Billionaire Warren Buffett Pays a Lower Tax Rate Than His Secretary
How Warren Buffett navigates the taxes on his income.
Rental Property
9 Airbnb Rental Tax Deductions You Can Take for Your Vacation Properties
Maximize your short-term rental tax savings with the new federal deductions and the 14-day rule.
Taxes
How the Top Five 2020 Democratic Candidates' Tax Plans May Impact Entrepreneurs
It's important to educate ourselves about the proposals of Biden, Sanders, Warren, Harris and Buttigieg -- vs. those of the GOP.
Tax Deductions
The 3 New Tax Law Deductions You Probably Missed This Tax Season
Entrepreneurs can "save way more money and pay way less taxes" in 2019. But first they have to understand the new deductions.
Taxes
April 15 Is Almost Here! Here Are the 6 Tax-Filing Questions Entrepreneurs Should Ask Tax Preparers Now.
Extensions? Home office? Automobiles? Inventory? Real estate deductions? Find out the new tax law affects your bottom line.
Tax Deductions
5 Legal Deductions for Entrepreneurs With the New Tax Law's 'Consumption' Approach
Here's how to maximize your business deductions for inventory, automobiles, equipment, real estate and energy.
Taxes
Why Entrepreneurs in 2019 Should Play the 'Chess' Version of Taxes, Not the 'Checkers' One
Before embarking on this year's game of taxes, review your strategy so that every transaction puts money back into your pocket.
Business Taxes
6 Misunderstood Business Tax Deductions for Your 2018 Year-End Planning
This is the first year that the new Tax Cuts and Jobs Act of 2017 will impact your tax returns. So, give your tax advisor a call.
Taxes
6 Year-End Tax-Planning Questions Entrepreneurs Should Ask to Maximize Their 2018 Savings
You can realize big savings if you understand the details about the Tax Cuts and Jobs Act of 2017. So, don't wait until year's end.
Business Taxes
How Entrepreneurs Can Significantly Reduce 2018 Taxes by Choosing the Right Business Entity
Move now to evaluate your filing options as: 1) a self-employed individual; 2) an S Corp; 3) a C Corp; or 4) an LLC
Business Taxes
How Will the 'Wayfair' Supreme Court Decision Affect Retailers? 5 Ways.
While major retailers like Amazon, Target and Walgreens may see little impact, it's small businesses that need to pay more attention to these changes.
Taxes
How Amazon and Entrepreneurs Can Pay Zero Federal Income Tax, and Do So Legally
To learn how they, too, can pay no taxes, entrepreneurs should closely review all the things the government wants them to do.
