How Smart Investors Legally Reduce Taxes Using Entities and Income Shifts with Tom Wheelwright

Do you want to learn strategies that can save you thousands, protect your wealth, and maximize the return on your investments? In this episode, Russ and Joey sit down with Tom Wheelwright, CPA, author, and expert in tax strategy for investors and business owners, to talk about the different ways smart investors legally reduce their tax burden by leveraging entities, income shifts, and the Internal Revenue Code’s incentives.

Tom breaks down the difference between tax strategy and tactics, exploring how business structures can protect income and reduce taxes. He explains why proper entity setup can turn passive and active income into deductions and tax advantages, and why reinvesting in your business may be one of the most powerful tax strategies available.

Russ, Joey, and Tom also discuss practical examples, including family ownership structures, real estate strategies, and how to use Section 1202 for business sales to maximize tax-free gains.

This episode shares tips on how to structure your business and organize your investments to enjoy tax benefits while keeping tax obligations as low as possible (without breaking any laws!)

Top three things you will learn:

-Understanding the right business structure to maximize your tax incentives

-The difference between tax strategy and tactics

-How to organize investments to legally minimize taxes while growing wealth

Get your copy of Tom's book, The Win-Win Wealth Strategy:

👉https://winwinwealthstrategy.com/

About Our Guest:

Tom Wheelwright, CPA, is the visionary and best-selling author behind multiple companies that specialize in wealth and tax strategy. He is best known for making taxes fun, easy, and understandable, and specializes in helping entrepreneurs and investors build wealth through practical and strategic ways that permanently reduce taxes.

As a Rich Dad Advisor to Robert Kiyosaki (Rich Dad Poor Dad), Tom frequently speaks at conferences worldwide to entrepreneurs on these topics. He is also a contributor to two Rich Dad books: More Important Than Money (July 2017) and Why The Rich Are Getting Richer (July 2017).

Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.

This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.

The hosts may have a financial interest in the programs or services mentioned in this episode.

Connect with Tom Wheelwright:

- Website - TFWAdvisors.us

Build a Passive Income Machine in 3 Steps:

Here’s how to flip the script and start building wealth the way the wealthy do 👇

👀 Step 1 – Watch the Free 40-Minute Masterclass on the Infinite Banking Concept

👉 wealthwithoutwallstreet.com/free-ibc-webinar

📞 Step 2 – Book a Free Call with Our Team (We Do This All Day, Every Day)

👉 wealthwithoutwallstreet.com/accelerate

📈 Step 3 – Start Building Passive Income

Join the Passive Income Lab