CFT DTOM - Cashflow Tactics

DTOM WORKSHEET

(FOUR SIMPLE STRATEGIES TO SAVE FIVE FIGURES IN TAXES)

START HERE: ENTER YOUR INFORMATION IN THE FIELDS BELOW

STEP 1: ANNUAL INCOME

STEP 2: WHAT STATE DO YOU LIVE IN?

STEP 3: SELECT YOUR FILING STATUS

STRATEGY 1: DTOM (HOME OFFICE, TRAVEL, MISC.)

STEP 1: IF YOU OWN YOUR HOME, ENTER THE ESTIMATED MARKET VALUE

STEP 2: IF YOU RENT YOUR HOME, ENTER YOUR MONTHLY RENT

STEP 3: ENTER THE COST OF YOUR LAST VACATION

STEP 4: ENTER THE AMOUNT YOU SPENT LAST YEAR ON "DTOM" EXPENSES

STRATEGY 2: AGUSTA RULE

STEP 1: ENTER THE ESTIMATE OF YOUR DAILY RENTAL RATE

STRATEGY 3: PAYING YOUR KIDS

STEP 1: HOW MANY DEPENDANTS DO YOU CLAIM ON YOUR TAX RETURN?

STEP 2: HOW MUCH CAN YOU JUSTIFY PAYING EACH ANNUALLY?

STRATEGY 4: REAL ESTATE PROFESSIONAL + BONUS DEPRECIATION

STEP 1: WILL YOU OR YOUR SPOUSE BE ABLE TO CLAIM REAL ESTATE PROFESSIONAL?

STEP 2: ENTER THE ESTIMATED MARKET VALUE OF ALL RENTAL REAL ESTATE

YOUR DTOM RESULTS:

(HOW MUCH YOU ARE VOLUNTARILY OVERPAYING IN TAXES)

STRATEGY 1: DTOM

YOUR MARGINAL FEDERAL TAX RATE

STRATEGY 2: AGUSTA RULE

STATE TAX RATE

STRATEGY 3: PAYING YOUR KIDS

STRATEGY 4: REAL ESTATE PROFESSIONAL

TOTAL POTENTIAL DEDUCTIONS

TOTAL POTENTIAL TAX SAVINGS

***DISCLAIMER: This Form is an educational tool offered by Cash Flow Tactics, LLC. This is not meant to be tax advice. it simply illustrates the potential impact of specific concepts. CashFlow Tactics, LLC is not providing tax advice, legal advice, or investment advisory products or anything other than education. As you consider applying the educational principles you see here, you should understand that there is risk in any investment and we cannot guarantee any particular results or success. Since we don't know you or your situation, it's impossible for us to make any guarantees, thus this is not to be interpreted as a guarantee of any tax savings. You should take what you learn here and discuss it with your tax professional before trying to apply it.