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Brian Boyd

๐Ÿ‘ค Speaker
503 total appearances

Appearances Over Time

Podcast Appearances

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

I'm writing it off.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

It's income to them.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

So it got a lot of attention.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

And I didn't realize it was such a big deal to people.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

But that's how tax lawyers, strategists and tax practitioners think about the tax code.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

We don't think about it as punitive.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

It's not.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

It's just a set of rules.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

And that's all we're doing.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

We're just taking the rules and applying them.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

And then, you know, the really good tax practitioners and strategists think about, OK, the rule says this, but it doesn't say I can't do this.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

Yeah.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

It's all about interpretation.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

Like, well, if I do this, which the statute doesn't say I can do, but it doesn't explicitly say I can't do it.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

how does the IRS look at that?

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

And so you start doing research, but yeah, that's how like strategists think about things.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

And I do a lot of strategy for people.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

I'm like, well, it says we can do this.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

But what if we did this?

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

It doesn't say we can't do it.