HR One Tax Act & Retirement Advice with Mark Nelson

Описание: In this Talk Law Radio segment, host Todd Marquardt is joined by Mark Nelson, CPA, and financial planner Joseph Warren to explore critical issues in tax law, focusing on both individual and business tax strategies. Mark Nelson introduces his San Antonio-based firm, highlighting its expertise in serving closely held businesses, high-net-worth individuals, and handling complex multi-state and international tax matters. He emphasizes the firm's experience with IRS controversies and their commitment to proactive communication to resolve tax notices and audits smoothly. #Nelson&Mata #TaxLaw #IRS #SanAntonio 🏢💼

The discussion transitions to collaboration with Financial Planning HQ, where Nelson acts as a subject matter expert, working alongside financial planners to coordinate tax projections and strategies for mutual clients. Joseph Warren praises Nelson’s depth of knowledge and the innovative ideas generated during joint strategy meetings, mentioning successful client strategies such as backdoor Roth conversions and establishing family limited partnerships. #FinancialPlanningHQ #Strategy #CPA 🤝📈

A major focus of the segment is the impact of the HR One Tax Act, which retains several tax rules from the 2017 administration, including a lowered top rate and changes to itemized deductions. Mark Nelson elaborates on new property tax deduction limits, auto interest deductions, and expanded options for charitable contributions. He highlights the return of 100% bonus depreciation for business assets, a significant benefit for business owners investing in equipment, and clarifies how these rules apply to various property types and depreciation classes. #HROneTaxAct#onebigbeautifulbill #BonusDepreciation #TaxStrategy 🏠🚗📊

The segment concludes with practical retirement planning advice, especially for high-earning couples navigating IRA deduction limits. Nelson explains the backdoor Roth IRA strategy as a useful workaround for those exceeding income caps, detailing the step-by-step process and cautioning listeners to follow procedures carefully to avoid costly mistakes. #RetirementPlanning #RothIRA #TaxTips 🧓👵💡

Overall, this episode provides listeners with valuable insights into tax law changes, strategic planning opportunities, and the importance of expert guidance in minimizing liabilities and maximizing financial outcomes. #TalkLawRadio #Tax 📻🔎

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The mission of Talk Law Radio is to help you discover your legal issue blind spots by listening to me talk about the law on the radio. The state bar of Texas is the state agency that governs attorney law licenses. The State Bar wants attorneys to inform the public about the law but does not want us to attempt to solve your individual legal problems upon the basis of general information. Instead, contact an attorney like Todd A. Marquardt at Marquardt Law Firm, P.C. to discuss your specific facts and circumstances of your unique situation.

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