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The Hidden Tax Hack Families Miss

Unlock Wealth with Income Shifting | Spicy Takes and Tax Breaks with Aubree Denekamp In this episode of Spicy Takes and Tax Breaks, host Aubree Denekamp, your 'Write Off Queen', dives deep into the concept of income shifting. Learn how correctly structuring your income and utilizing family payroll can reduce your tax liabilities and build generational wealth. Aubree breaks down strategies used by the wealthy, offering real-life examples and actionable tips to ensure you're not overpaying Uncle Sam. Whether you're a business owner or a freelancer, this episode equips you with the knowledge to proactively manage your taxes and grow your financial future. Tune in to optimize your earnings and live wealthy! 00:00 Introduction: Stop Overpaying Taxes 01:08 Welcome to Spicy Takes and Tax Breaks 01:31 Understanding Income Shifting 02:30 Real-Life Example: Single Mom's Tax Strategy 03:26 How to Legally Pay Family Members 07:41 Tax Benefits of Hiring Your Spouse 10:06 Hiring Retired Family Members 10:47 Key Numbers and Documentation 15:07 Advanced Strategies: Entity Shifting 20:48 Conclusion: Proactive Tax Structuring To connect with Aubree or download our free guides, visit www.TheWriteOffQueen.com and www.AVAccountingservices.com Acknowledgements: This podcast was edited and produced by Dolphin Podcasting www.DolphinPodcasting.com The intro/outro music was produced by Holden Peyton and is licensed by Dolphin Podcasting, LLC.