Tax Strategies Instructor:  Mark Kohler Level 200 NR Hours: 6 No. of Days: 1

Content: Students will learn practical applications of owning real estate, considerations for maintaining entities, and the tax implications of operating under various business structures. Other topics discussed include bookkeeping basics, converting personal expenses to tax deductions, paying your spouse and children, health saving strategies, and many more methods to maximize deductions and minimize taxes. Course Objectives: Compare the tax benefits and drawbacks of various forms of doing business. Review various tax deduction strategies for real estate investors. Understand the tax ramifications of selling different types of property. Review IRS classifications of real estate investors and passive loss rules. Understand the basics about deducting auto, travel, and medical expenses. Nouveau Riche™ (NR) offers an educational system for entrepreneurs and aspiring entrepreneurs. NR is the exclusive distributor of the materials, content, presentation design and format, which are proprietary products of Nouveau Riche AcademyTM (NRA). Neither NR nor NRA is a degree-granting or vocational program, and neither is accredited with any academic or standards governing board.  As with any College, courses and instructors may be added, changed, or removed from time-to-time. NR and/or NRA reserves the right to make replacements or substitutions to the curriculum, its content, presentation design and format, as it deems necessary to ensure the quality and effectiveness of its Colleges.