No one likes paying more in taxes to the IRS than they need to pay, so in today's episode Liz, a Floridalicensed motorsports attorney, discusses five under utilized, but completely legal tax strategies for your dirt track racing team! From registering a business to paying your children, we'll cover everything you need to know to get ahead of the competition. Don't miss out on this valuable information watch now and start maximizing your tax savings in 2023!

00:00 Intro
01:00 Strategy 01: Register a Business (like an LLC)
03:40 Strategy 02: SCorp Election
05:58 Strategy 03: Corporate Rent (Augusta Rule)
08:36 Strategy 04: Pay Your Children
09:55 Strategy 05: Register in Montana

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✨The information provided on this channel is for entertainment and informational purposes only & should not be construed or relied on as legal or tax advice for any specific circumstance. I am not your attorney, and viewing or engaging in this content does not create an attorneyclient relationship. Before you act or rely on anything discussed, you should talk to an attorney licensed in your state or, if applicable, with a CPA. ✨

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